Account
Black Friday is the day following Thanksgiving Day in the United States, traditionally the beginning of the Christmas shopping season. On this day, many retailers open very early, often at 4 a.m., or earlier, and offer promotional sales to kick off the shopping season.
J.C. Penney Co Inc's stores, distribution centers and headquarters are worth a total of $4.06 billion, according to an appraisal conducted for the department store chain and disclosed on Tuesday in a presentation to potential lenders that was also filed with U.S. regulators.The 306 stores Penney owns and the 123 locations for which it has ground leases are worth $3.3 billion, according to an appraisal by Cushman & Wakefield. That is less than the $5.9 billion a Morgan Stanley research note last week estimated they were worth.Penney has 1,102 stores in all, the others being leased.The distribution centers that ship merchandise to Penney stores, and its Plano, Texas, home office are worth another $762 million.Penney last month announced Goldman Sachs was arranging a $1.75 billion loan to shore up its finances, backed by its real estate.Last fiscal year, Penney sales fell 25 percent after former Chief Executive Ron Johnson eliminated the coupons and sales events that were the chain's hall...
Spring cleaning isn't just for homeowners, manufactures and retailers also use the season to unload their older products and inventories, which can mean significant ...
The retail sector is starting the year off on the right foot with sales jumping 1.1% in February, according to the Commerce Department, and experts say consumers can...
Wal-Mart Stores Inc.'s (WMT) fiscal fourth-quarter earnings rose 8.6% amid a lower tax rate, while same-store sales at U.S. Wal-Mart stores were at the low end of th...
Mexican retail sales fell in December from the year-earlier month, and were also down sharply from November when sales had been fueled by a holiday shopping event.Th...
DDR CEO Daniel Hurwitz on the outlook for retail and consumer spending.
FBN’s Dennis Kneale on money Americans spend on Valentine’s Day gifts.
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.Stay warm through the remaining months of winter without heating up your wallet, an...
Neiman Marcus Group Inc.'s fiscal second-quarter revenue climbed 6.5% to $1.36 billion as the luxury department-store operator continued to benefit from revived dema...
Retail sales in Mexico rose in November from a year earlier and were also up sharply from October on effects of that month's Black Friday-style shopping weekend.The ...
Shoppers spent only 3 percent more during the 2012 holiday season than they did a year earlier, the National Retail Federation said on Tuesday, citing economic uncer...
It's hard not to be generous during the holiday season, to ourselves as well as to others. The trouble with that generosity, though, is that it can lead to racking u...
Wal-Mart Stores Inc is replacing the chief of its Latin American unit, who had run the retailer's business in Mexico when the company reportedly began a probe into b...
Real-money online poker was officially reintroduced in the U.S. on Tuesday with the launch of the country's first legal site operated by Ultimate Gaming, a subsidiar...
Consumers are increasingly making the choice to support local, independent businesses. How can you tap into this by starting a shop-local movement in your area?
Wal-Mart Stores Inc has sued a major grocery workers union and others who have protested at its Florida stores, the latest salvo in its legal fight to stop "disrupti...
Wal-Mart Stores Inc has sued a major grocery workers union and others who have protested at its Florida stores, the latest salvo in its legal fight to stop "disrupti...
Mexican retail sales rose modestly in January from the year-earlier month, and also posted a gain from December, when retail sales had posted a surprise drop, the Na...
A bill was recently introduced to raise the de minimis level from $200 to $800. Shipping and international retail experts say the legislation could benefit the government, small business owners and consumers.
Aeropostale swung to fourth-quarter loss.-The company guided for first-quarter earnings well below Wall Street estimates.-The company cited macroeconomic environment...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2013 FOX News Network, LLC. All rights reserved.