Brian Sozzi


JCPenney to Close 33 Stores, Cut 2,000 Jobs

JCPenney Store

Plano, TX—JCPenney once again shook Wall Street analysts late Wednesday when the struggling retailer reported its plans to close … [Read more...]

JCPenney’s Shares Rebound on Positive Turnaround Comments

JCPenney storefront

Plano, TX—After its shares fell below $10 for the first time since 2000, JCPenney today saw a rebound after it indicated it … [Read more...]

Lululemon Athletica Q2 Beats Estimates, But Gives Conservative Outlook

“Mountains, rock climbing, longboards and good friends:” September looks at Lululemon

Vancouver—Although Lululemon Athletica reported late Thursday second quarter earnings that beat estimates, the yoga-apparel and … [Read more...]

After Selling Majority Stake, William Ackman Finally Departs JCPenney

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of … [Read more...]

Sears Q2 Loss Bigger Than Expected

Apparel sales, including those from its exclusive Kardashian Kollection, have been a bright spot for Sears.

Hoffman Estates, IL—Sears Holdings Corp. today reported a bigger-than-expected loss due to weaker sales, heavy discounting and … [Read more...]

Macy’s Inc. Lowers Full Year Outlook on Disappointing Q2 Results

Macy's Inc.

New York—Macy’s Inc. today reported “disappointing” second quarter earnings with weaker-than-expected profits. The department … [Read more...]

Preliminary Reports: Holiday Sales Worst Since 2008?

Holiday Shopping

Purchase, NY--Retailers will be hoping that their post Christmas sales help boost what some retail analysts say has been a … [Read more...]

Despite Dismal Q2 Report, Johnson Says JCPenney “On Track

New jeans shops, including Levi's, premiered this month and CEO Ron Johnson says they are performing well.

Plano, TX—Despite reporting that JCPenney swung into a second quarter loss with a 23% dive in sales, CEO Ron Johnson said the … [Read more...]

July Retail Comp Sales Give Surprising Results

Do July comparable store sales indicate good things for the back to school season?

New York—Credit the stifling temperatures in many parts of the nation that sent consumers indoors seeking refuge in the cool of … [Read more...]

Coach Q4 Results Up, But U.S. Sales Disappoint

Coach-Legacy-Collection1

New York—Despite a 24% increase in its fourth quarter profit, Coach today saw its shares drop in price upon market worries about a … [Read more...]

Citing Sliding Sales, Shareholder Urges Board to Sell Wet Seal

Wet Seal

Foothill Ranch, CA—As has been the case recently with other beleaguered retailers, such as Talbots and Christopher & Banks, a … [Read more...]

Lululemon Q1 Profit Leaps 40%, But Gives Conservative Outlook

Deep Thoughts scarf by lululemon

Vancouver—Lululemon reported today that its first quarter profit leaped 40%, but the trendy yoga wear retailer forecast a tepid … [Read more...]

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