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Feb 27, 2014
02/14
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penney isn't in the clear. courtney reagan has more on the challenges ahead and what some analysts are advising investors to do with the stock. >> reporter: j.c. penney seems to garner an outsize amount of attention every earnings season for the past few years. and with good reason. the 112-year-old department store is now just a shadow of its former self. j.c. penney has shed more than $16 billion in market cap since its 2007 peak, signature under 2 billion today. it was struggling before it brought in new ceo ron johnson though his turn around cost j.c. penney a 15% stock decline in his 17 months at the helm. former ceo returned to stem the bleeding in april of last year, but the stock has fallen a further 65% in just ten months. cash is another concern. j.c. penney closed 2013 with $2 billion in liquidity, but some think the department store won't register enough in sales to offset the cash burn and might need to raise capital at the end of this year or the beginning of 2015. investors are losing faith in a
penney isn't in the clear. courtney reagan has more on the challenges ahead and what some analysts are advising investors to do with the stock. >> reporter: j.c. penney seems to garner an outsize amount of attention every earnings season for the past few years. and with good reason. the 112-year-old department store is now just a shadow of its former self. j.c. penney has shed more than $16 billion in market cap since its 2007 peak, signature under 2 billion today. it was struggling...
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Feb 26, 2014
02/14
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penney?> investors are paying attention to cash and liquidity at both retailers, both retailers have significant assets on their books. the problem with both is investors are taking a linear analysis of past results and extrapolating that into the future. they have a clear turnaround plan if the cash flows get better. it will look undervalued this year's the losses are going to accelerate and investors put new money to work on bonds and see is last year, you'll be surprised at the cash burn rate. liz: i you surprise or worried about it? >> bond investors are getting hammered both at sears and j.c. penney and toys r us because there were so many retailers going multi regional to national, buying seers' kmart stores before, wal-mart, target, coles, a number of other retailers. everyone fill out the maps those years as a lot of stores to sell but everyone else is going from big boxes small box so -- liz: the pictures are not pretty. the retail analyst is always running around parking lot taking
penney?> investors are paying attention to cash and liquidity at both retailers, both retailers have significant assets on their books. the problem with both is investors are taking a linear analysis of past results and extrapolating that into the future. they have a clear turnaround plan if the cash flows get better. it will look undervalued this year's the losses are going to accelerate and investors put new money to work on bonds and see is last year, you'll be surprised at the cash burn...
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Feb 4, 2014
02/14
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jc penney, about an hour and a half ago, broke below $5. we had a little bit of buying pick up when that happened. 2% same store sales growth for the fourth quarter, that's a disappointment. 2012 was not a good year for jc penney. i think people are dumping the stock again today. >> bob, we will talk more about jcp later in the show. it's important to remind the audience this was a $40 stock a couple years ago. >> it was $9 on the 1st of january. >> unbelievable decline for jcp. thank you very much. all right. let's go to rick santelli in chicago. rick, we will be walking through the wall of worry in just a few minutes with all the things people are talking about. but what is number one on your radar right now? >> the u.s. economy potentially sliding a little lower than the last half of 2013 may have demonstrated and when you add that in to all the global dynami dynamics, it really probably will be a lower yield scenario for awhile in treasuries. and just consider, yesterday's weak ism already had analysts and economists marking down their
jc penney, about an hour and a half ago, broke below $5. we had a little bit of buying pick up when that happened. 2% same store sales growth for the fourth quarter, that's a disappointment. 2012 was not a good year for jc penney. i think people are dumping the stock again today. >> bob, we will talk more about jcp later in the show. it's important to remind the audience this was a $40 stock a couple years ago. >> it was $9 on the 1st of january. >> unbelievable decline for...
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Feb 27, 2014
02/14
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penney is back.tuart: today's rally, the stock is still down 30% since we put it on deathwatch, partial vindication. look at as low. it will build a factory, a battery factory to bring down the cost of electric vehicles, spin $2 billion on it. full production half-million batteries year by 2020, 6,500 employees. it is called a gate of factory built in nevada, arizona, new mexico or texas. why is there? it is sunny and the sun will power the factory. charles, there is an analyst out there named adam jonas who says tesla is not a car company but a battery company. charles: a lot of people have been saying that all along. that is why the valuation, today 130 west coast time elon musk in front of california public utilities commission taking a q&a session with his cousin who is the ceo of solar city. not just the plant is powered by solar power but maybe it will tell us about being able to store energy in solar cells completely revolutionizing this industry. stuart: if you get a battery that holds a lot
penney is back.tuart: today's rally, the stock is still down 30% since we put it on deathwatch, partial vindication. look at as low. it will build a factory, a battery factory to bring down the cost of electric vehicles, spin $2 billion on it. full production half-million batteries year by 2020, 6,500 employees. it is called a gate of factory built in nevada, arizona, new mexico or texas. why is there? it is sunny and the sun will power the factory. charles, there is an analyst out there named...
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penney's same-store sales on a rise by 2% but wall street basically saying not good enough, j.c.analysts cutting their targets, one even had $3 so you are seeing it under some pressure. then we are watching interactive which came out with revenue and profit in the fourth quarter of grand theft auto, take a look at how grand theft auto and its parent are doing after those, that mover and last but not least watching those movers overall on wall street. yum brands the fourth one, i wasn't able to see what it was, playing with yum brands, kfc, taco bell, pizza hut, three big names, kfc the big one in china with the bird food scare that had the numbers overall. and forecasts in 2014. connell: it was snowing like crazy behind us. dagen mcdowell's weather forecast shows that it is not but more bad weather heading today to the midwest and eventually to the northeast, and another storm, joe bastardi was talking how businesses -- told us it would be a rough winter, has been already. some forecasters are saying it is another big storm on sunday. it does slow down a little bit. dagen: should
penney's same-store sales on a rise by 2% but wall street basically saying not good enough, j.c.analysts cutting their targets, one even had $3 so you are seeing it under some pressure. then we are watching interactive which came out with revenue and profit in the fourth quarter of grand theft auto, take a look at how grand theft auto and its parent are doing after those, that mover and last but not least watching those movers overall on wall street. yum brands the fourth one, i wasn't able to...
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Feb 4, 2014
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finally, dominic mentioned jc penney. the key point about jc penney here is same store sales only up 2%. that's a real disappointment. the fourth quarter of 2012 was a disaster for them. there should have been some kind of bounce, even without knowing what the gross profits are, traders looked at that and said good heavens, if they can't get a bounce given the poor comps they had had 2012, not a lot of good news for the company. >> thank you very much. >>> now to a story that "power lunch" has been following. a series of lawsuits against monster beverages claiming their energy drinks are unsafe. the stock, though, has weathered that storm. it is up 40% in a year and it is up three quarters of a percent today. new developments today including a new suit, news the state legislature in maryland is preparing a bill to criminalize the sale of energy drinks to anyone under the age of 18. they would be the first in the nation to do so. and we have a freedom of information act document from the department of health and human serv
finally, dominic mentioned jc penney. the key point about jc penney here is same store sales only up 2%. that's a real disappointment. the fourth quarter of 2012 was a disaster for them. there should have been some kind of bounce, even without knowing what the gross profits are, traders looked at that and said good heavens, if they can't get a bounce given the poor comps they had had 2012, not a lot of good news for the company. >> thank you very much. >>> now to a story that...
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Feb 25, 2014
02/14
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penney. sears and j.c. penney report earnings this week. neither are expected to inspire much confidence. >> you want to look for the balance between internet and stores to make sure they are both healthy, robust and growing. >> reporter: whether merchandise is purchased in store or online compelling products remain the key success factor as retail options swell, the most special product offering will win. for "nightly business report", i'm courtney regan. >>> and still ahead on the program, netflix agrees to pay comcast for faster access. is the deal a game changer for the industry, and will more agreements like this one follow? >>> billionaire activist investor carl icahn is at it again in a note to ebay board members and shareholders, he's accused members of the board of what he called lapses in corporate governance and calls for the company to spin off the successful paypal electronic unit but ebay was quick to respond to icahn who ow owns about % of the shares. ebay said it's not interested in separating it. >>> with one of every five
penney. sears and j.c. penney report earnings this week. neither are expected to inspire much confidence. >> you want to look for the balance between internet and stores to make sure they are both healthy, robust and growing. >> reporter: whether merchandise is purchased in store or online compelling products remain the key success factor as retail options swell, the most special product offering will win. for "nightly business report", i'm courtney regan. >>> and...
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Feb 5, 2014
02/14
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even rare good news for struggling retailer j-c penney failed to support the stock. j- c-p shares fell 10% yesterday after the retailer reported a sales gain of 2% during the critical holiday quarter. the ceo released a statement saying the company's turnaround is "on track" last month, penney's said it plans to close 33-stores and shed two-thousand jobs to save money. michael kors is wall street's latest stunner. a glowing earnings report helped pushed fashion designer--michael kors---into the billionaire bracket. profits at kors' stores in the third quarter were up 77%, on strong holiday sales. revenue also beat predictions. investors certainly showed their love for kors stock. shares hit a record high yesterday before closing above 89 dollars. in our cover story, there may be bigger profits in making food sold in smaller portions or with fewer calories than before. that may be the flashing dollar sign behind an effort that says it's making headway in the fight against childhood obesity. conjunction with first lady michelle obama's fight against childhood obesity,
even rare good news for struggling retailer j-c penney failed to support the stock. j- c-p shares fell 10% yesterday after the retailer reported a sales gain of 2% during the critical holiday quarter. the ceo released a statement saying the company's turnaround is "on track" last month, penney's said it plans to close 33-stores and shed two-thousand jobs to save money. michael kors is wall street's latest stunner. a glowing earnings report helped pushed fashion designer--michael...
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Feb 28, 2014
02/14
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penney shares soared by 25% after the struggling department store said that it lost a lot less money than forecast last quarter as sales edged higher and penneys is projecting -- >>> federal investors are looking into whether general motors was slow in announcing a recall after receiving complaints about faulty ignition switches in more than 1 million of its cars. those defaults eventually led to 31 accidents and 13 deaths. phil lebeau joins us now from chicago with more on the investigation and what g.m. executives knew and when they knew it. so phil, fill us in a little bit. how serious is this investigation? and how worried do you think g.m. execs are feeling about all this? >> reporter: it's certainly a concern. they've come out twice and apologized. you'll hear one of their apologies in a little bit. the problem here is the timeline, susie whether there's a recall in the auto industry, the automaker submits a timeline explaining when they knew there would be a problem in a particular vehicle. the timeline goes back to 2004. along the way there are many people saying boy there wa
penney shares soared by 25% after the struggling department store said that it lost a lot less money than forecast last quarter as sales edged higher and penneys is projecting -- >>> federal investors are looking into whether general motors was slow in announcing a recall after receiving complaints about faulty ignition switches in more than 1 million of its cars. those defaults eventually led to 31 accidents and 13 deaths. phil lebeau joins us now from chicago with more on the...
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Feb 26, 2014
02/14
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penney numbers "after the bell" today. watch out.re is another store chain you need to be watching out for because it may really provide a much worse situation than j.c. penney, we will talk about that and more coming up. melissa: thanks so much. you only have a couple minutes left. up next, so many airline flights already cancelled this winter we are going to tell you how to be sure if it you book actually makes it out. guess what. it is all about money. there's a formula to is this, you cannot afford to miss it. we will be right back. melissa: j.c. penney is the stock that is reporting "after the bell" and analysts are saying any date, relatively significant up 3%, a dead cat bounce, looking for revenue to fall slightly year over year but earnings out "after the bell" and investors spending ahead of it. now some fun with spare change and hopefully this helps you from wasting when you bookkyour next trip. the cancel -- it is real, might be targeting your next flight. here to explain his travel expert mark murphy. the cancel later is
penney numbers "after the bell" today. watch out.re is another store chain you need to be watching out for because it may really provide a much worse situation than j.c. penney, we will talk about that and more coming up. melissa: thanks so much. you only have a couple minutes left. up next, so many airline flights already cancelled this winter we are going to tell you how to be sure if it you book actually makes it out. guess what. it is all about money. there's a formula to is this,...
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Feb 5, 2014
02/14
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penney took a big hit in today's session. the retailer reported a modest rise in holiday sales but gave no details on its gross profit margin. analysts weren't impressed with the numbers saying the pace of improvement isn't quick enough. it slashed its price target on penneys from $3 to $9. the stock plunged down 10.5% to $5.08. >>> and boeing may up production on its single aisle 737 jets because of strong demand. the company already announced plans to crank out more of these aircrafts per month. but now a senior executive says it might increase production even more because of a big backlog of orders. shares were up slightly to $122.04. >>> and coming up next, a status update from facebook on its tenth anniversary. and what the company that changed the way we communicate wants to accomplish in its second decade. but first here's a look at how commodities performed today, including natural gas which climbed more than 9%. >>> we told you earlier about the microsoft ceo's pay package. well, there's also news out of google. acco
penney took a big hit in today's session. the retailer reported a modest rise in holiday sales but gave no details on its gross profit margin. analysts weren't impressed with the numbers saying the pace of improvement isn't quick enough. it slashed its price target on penneys from $3 to $9. the stock plunged down 10.5% to $5.08. >>> and boeing may up production on its single aisle 737 jets because of strong demand. the company already announced plans to crank out more of these...
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Feb 3, 2014
02/14
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penney, need a designated driver? and d tooritos tweeted slow dow j.c. penney. was a promotion for their olympics mittens. >> do you buy that? >> i do because they had the picture ready to go and everything. so did it work is the question? you know. >> i say it works because we're talking about. >> we are talking about it. >> what was your personal favorite? >> my personal favorite was probably the budweiser puppy. >> everyone says that. absolutely. what one did you not like despite the one we showed the subway? >> there were a few that sort of fell flat i thought. a lot of the car ads were good but a couple of those were the whole appropriation of the matrix, it's an old movie, what were they thinking? >> how many years ago was that? >> exactly. >> ad week executive editor tony case, thanks for joining us. >> thanks, betty. >> to bring us to today's big question now, we asked you what was your favorite super bowl ad. burt on facebook wrote can't go wrong with bud clydesdale puppy and sports illustrated swim suit model and daniel says, the radio shack '80s comme
penney, need a designated driver? and d tooritos tweeted slow dow j.c. penney. was a promotion for their olympics mittens. >> do you buy that? >> i do because they had the picture ready to go and everything. so did it work is the question? you know. >> i say it works because we're talking about. >> we are talking about it. >> what was your personal favorite? >> my personal favorite was probably the budweiser puppy. >> everyone says that. absolutely....
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Feb 17, 2014
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i think jc penney, they pre-announced their sales. i think the big issue will be gross margins. everybody overpromoted this year, particularly with the weather. it's sort of who didn't pre-announce already. some think that kohl's will sort of be giving back some share to jc penney. i think both of them are in a tough position and would avoid both of them. >> yeah, and abercrombie you're saying has made shareholder friendly management tweaks. >> they have. over the last few weeks, there was a lot of controversy. should the ceo/chairman leave the company altogether because of all the publicity problems that have plagued the company. so they've separated the chairman and ceo role. so they're doing shareholder friendly things. >> they need to because the shares down 60%. >> yes, and if you look at the european business, about 30%, that's been sort of the biggest disaster, comps are still down double digits. you know, you look at those stores. i travel all around europe looking at stores, traffic. they're still under immense pressure and t
i think jc penney, they pre-announced their sales. i think the big issue will be gross margins. everybody overpromoted this year, particularly with the weather. it's sort of who didn't pre-announce already. some think that kohl's will sort of be giving back some share to jc penney. i think both of them are in a tough position and would avoid both of them. >> yeah, and abercrombie you're saying has made shareholder friendly management tweaks. >> they have. over the last few weeks,...
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penney.till have that smile on my face because right now we are joined by someone who you are sure to know. she is the newest member of fox business team. ladies and gentlemen, making her first appearance on this network, this is maria bartiromo. welcome. >> hi there stuart. hi everybody, great to be with you, thanks so much. stuart: what took you so long? >> that's the question. wow, well, i'm happy to be here. everyone has been wonderful. thank you. stuart: let's hit the ground running. shall we? you've got more experience in covering the market than i have. so what do you make of that market? you want to answer the question? >> yes. stuart: should you jump in now for the bargains or wait because there's more to come. >> that's the question you've been asking all of your guests. i'm one to believe you do not want to time this market. if you see an opportunity, and you see a market that looks that it has good stocks, that companies that are making money an enormous amount of cash on the bala
penney.till have that smile on my face because right now we are joined by someone who you are sure to know. she is the newest member of fox business team. ladies and gentlemen, making her first appearance on this network, this is maria bartiromo. welcome. >> hi there stuart. hi everybody, great to be with you, thanks so much. stuart: what took you so long? >> that's the question. wow, well, i'm happy to be here. everyone has been wonderful. thank you. stuart: let's hit the ground...
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Feb 8, 2014
02/14
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penney and the drunk tweet? >> i knew that would come up.the most profound message possible, but they did something interesting and pushed the limit. >> it wasn't just a matter of throwing was trying to get up twitter addresses, but it was was trying to get people from that tv and get more time with them. does the multiplier work in advertising? >> i think it does. i was live tweeting and got tweets back from wonderful pistachios and go daddy. >> are people shopping at jcpenney because of the drunk tweets? or are people just talking about j.c. penney? >> it is hard to get attention and i think attention matters. the question is how much it matters. it is hard to know for sure. >> that was the ceo and founder of bright role with cory johnson . ♪ >> facebook turns 10 years old this week. the company founded in a harvard dorm room now averages 750 million users every day. here are some of facebook's most memorable moments over the last decade. ♪ >> the facebook was started in 2004 as a harvard-only social network. by year's end it had a million
penney and the drunk tweet? >> i knew that would come up.the most profound message possible, but they did something interesting and pushed the limit. >> it wasn't just a matter of throwing was trying to get up twitter addresses, but it was was trying to get people from that tv and get more time with them. does the multiplier work in advertising? >> i think it does. i was live tweeting and got tweets back from wonderful pistachios and go daddy. >> are people shopping at...
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Feb 28, 2014
02/14
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penney. i actually like j.c.ut gimmicks, resuming parts of the all model, very thoughtful, thank you for that. jenny had this to say about what it would take to turn things around washington. revolution. this isn't just about obama. this is about generations of corruption in d.c.. thank you for your comments and thank you for great contribution today. we had a great week at our new time. thank you, one and all. happy friday. cheryl: happy friday and to a successful week. adam: the 0 original luddites were englishmen. you are in good company. i am adam shapiro. cheryl: i am cheryl casone. as fast as it appeared it disappeared. bitcoin exchange knock off filing for bankruptcy protection, three things investors need to know, a billion dollars in customer money goes missing, head of the financial services round table, tim pawlenty joins us. adam: frustrated investors openly questioning the tech giant's pace of innovation as the stock if 25% below its all-time high. we are live in california for the annual shareholder
penney. i actually like j.c.ut gimmicks, resuming parts of the all model, very thoughtful, thank you for that. jenny had this to say about what it would take to turn things around washington. revolution. this isn't just about obama. this is about generations of corruption in d.c.. thank you for your comments and thank you for great contribution today. we had a great week at our new time. thank you, one and all. happy friday. cheryl: happy friday and to a successful week. adam: the 0 original...
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Feb 26, 2014
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jjc penneys is releasing it's fourth quarter earnings. can jc penneys turn this around? we know there is a turn-around plan in place, big retailer. a legacy retailer. can it turn down it's struggles. >> their numbers advised investors. >> you saw them, good. >> they said, they grew and they're expecting them to grow into the end of the year, actually, which contrasts to other retailers who are having difficulties. sales declined a little bit, they're blaming it on the weather, but overall it was a surprise that the stock was up. >> erik, appreciate it. erik is with the financial times 24-hour news service fast ft. good to see you, erik. still to come, russia ushers its troops along the border of ukraine. >>> plus stunning images of a refugee camp in the heart of syria. >> and welcome back to al jazeera america. here is a look at your top stories. breaking news from texas. a federal judge has struck down the state's gay marriage ban, however, he immediately allowed a state court to review the law. this follows the actions by utah, oklahoma and virginia. and in georgia con
jjc penneys is releasing it's fourth quarter earnings. can jc penneys turn this around? we know there is a turn-around plan in place, big retailer. a legacy retailer. can it turn down it's struggles. >> their numbers advised investors. >> you saw them, good. >> they said, they grew and they're expecting them to grow into the end of the year, actually, which contrasts to other retailers who are having difficulties. sales declined a little bit, they're blaming it on the weather,...
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Feb 26, 2014
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is this a thumb's up for the consumer who decided to go back to penney's or is it about penney's? >> to me if you look at the consumer right now we would not be interested in jcpenney really at all right now simply because of the macro environment for lower income consumer right now. we feel they will be under greater pressure going forward as obamacare rolls out. as the fact we're seeing wage growth being negative for that segment of the consumer. we wouldn't actually look at jcpenney for those specific reasons. david: attorney any, our brother there, todd horowitz at the cme, he think that is the start money is getting out of this market. the money that is coming into the market are retail investors and it is a suckers game right now which you say what? >> i'm going to have to say there are two trend we're watching right now. the last time we had a bear market it was followed up by the 10-year treasury in nominal gdp growth. so as the, as the 10-year yield started to come close to the -- david: tony, i'm going to stop you right there. none of this, get to the point. is this a su
is this a thumb's up for the consumer who decided to go back to penney's or is it about penney's? >> to me if you look at the consumer right now we would not be interested in jcpenney really at all right now simply because of the macro environment for lower income consumer right now. we feel they will be under greater pressure going forward as obamacare rolls out. as the fact we're seeing wage growth being negative for that segment of the consumer. we wouldn't actually look at jcpenney...
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Feb 27, 2014
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meantime, jcpenney having its best day since this was the cover of the penney's catalog. yes, that was 1967. joining us here, retail dream team, cnbc contributor jan niven may have actually taken that forecast and our own courtney reagan whose mom may have been in that photograph. and infer when that was apropos. all right. jan, the way you work and for viewers and listeners who don't know this, the minute you leave the set you send obnoxious e-mails. last night saying, i will bet you dinner, even though you already won one, that jcpenney stock doubles from yesterday to sometime this year. within 2014, double from yesterday's close. you got a good -- i accepted the bet. you got a good head start today. do you think this is a real beginning of a meaningful turnaround? >> you do drive a hard bargain. 1ed about $10. >> $9.96. dude, give me four digits. >> today i got most of that back. did i think today was real? today was -- very strong response to the fact that they don't look like they're going to go broke. don't look like they need a capital raise and they do look like t
meantime, jcpenney having its best day since this was the cover of the penney's catalog. yes, that was 1967. joining us here, retail dream team, cnbc contributor jan niven may have actually taken that forecast and our own courtney reagan whose mom may have been in that photograph. and infer when that was apropos. all right. jan, the way you work and for viewers and listeners who don't know this, the minute you leave the set you send obnoxious e-mails. last night saying, i will bet you dinner,...
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also, we all feared a drunken jc penney typing nonsense but the twitter was a very intentional promotion for mittens, hard to type with, but what stole the stole, beckham in his briefs, sultry scarborough, and joe joe namath and the sensational fur coat. known called heads or tails at the toss because they were so taken back, he had to toss it twice. let's wrap it up with a little more bruno. ♪ and when you smile >> there were great moments especially with bruno mars. super bowl ad with a feature stole the show for many. ♪ baby you need the light >> how cute, the bud light aired with only two minutes but bridged off with the honor of being "the best" super bowl ad according to the "usa today" ad meter. about an adopted puppy that will set coulds back home to the clydesdale horse it loved. last year's best was the bud spot, also, about a horse and returning to the trainer. ♪ we let it go >> it rained yesterday, so that is just as well because we were all inside watching the show. >> winter may are started yesterday with a couple more chances of rain coming up in the seven-day outlook and
also, we all feared a drunken jc penney typing nonsense but the twitter was a very intentional promotion for mittens, hard to type with, but what stole the stole, beckham in his briefs, sultry scarborough, and joe joe namath and the sensational fur coat. known called heads or tails at the toss because they were so taken back, he had to toss it twice. let's wrap it up with a little more bruno. ♪ and when you smile >> there were great moments especially with bruno mars. super bowl ad with...
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Feb 24, 2014
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i'd much rather be short jc penney because it's going to be bad for them.ld weather freezes retail sales nationwide, are e tailers have high hopes that spring will bring a flurry of customers back to the malls. joining us now is steve tanger, president and ceo of tanger outlet stores. thank you for joining us. >> thank you for having me. >> we've been talking about a heavily promoted season. how did that translate? good or bad? are the markdowns even deeper at the outlets then? >> well, in good times, people like a bargain, and in tough times like these, they need a bargain. the outlets are where you go to get the best brands and designer names at the best price every day. we love when our customers and our tenants who are customers give a great value to the consumer. and that's what they've done this past season. >> in getting ready for this interview, a surprise in terms of the average household income of your shopper. $93,000, that's the average, correct? >> somewhere in that area. >> so your demographic is the super high end. what are you seeing? there'
i'd much rather be short jc penney because it's going to be bad for them.ld weather freezes retail sales nationwide, are e tailers have high hopes that spring will bring a flurry of customers back to the malls. joining us now is steve tanger, president and ceo of tanger outlet stores. thank you for joining us. >> thank you for having me. >> we've been talking about a heavily promoted season. how did that translate? good or bad? are the markdowns even deeper at the outlets then?...
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Feb 28, 2014
02/14
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KICU
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and jc-penney stock shot up a whopping 25% yesterday, as turnaround efforts.... appear to be working! u-s regulators are probing recall reaction time of general motors after an ignitian issue was linked to 13 deaths. the national highway safety administration wants to know whether gm recalled autos quickly enough after the ignition switch defect was detected. the defect caused ignition switches in more than 1.6 million cars to turn engines off abruptly. gm faces a potential fine of $35 million if it failed to notify the nhtsa within 5 days of the recall. subway recently banned a "shoe rubber" chemical from its breads. now, consumer groups contend that the same chemical is in nearly 500 foods. the chemical is azo-di-carbonamide. it's used as a bleaching agent in some breads, pizzas and pastries. and, is approved by the fda. however consumer groups are pushing for a ban.they contend that it can cause respiratory issues. the "fine print" on nutrition labels could soon become easier to digest. sweeping changes to labels are being introduced by the fda. such as: simpl
and jc-penney stock shot up a whopping 25% yesterday, as turnaround efforts.... appear to be working! u-s regulators are probing recall reaction time of general motors after an ignitian issue was linked to 13 deaths. the national highway safety administration wants to know whether gm recalled autos quickly enough after the ignition switch defect was detected. the defect caused ignition switches in more than 1.6 million cars to turn engines off abruptly. gm faces a potential fine of $35 million...
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Feb 27, 2014
02/14
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KTVU
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penney and best buys shares are up. the dow is up 57. the nasdaq up 22. up 7. >>> palo alto police could provide security at the new 49ers' stadium in santa clara. according to report, the palo alto city council is considering an agreement that would allow off-duty officers to work at the stadium. hours worked in santa clara would not be used to calculate overtime or other benefits. the city of santa clara would also pay for any injuries suffered by officers at the stadium. >>> the vta is getting ready for the opening of levi stadium. officials say between 70 and 80 cars will be in service on game day. it's also building areas near the stadium where extra trains can be stored. >> you can buy a ticket on your phone or tablet and then just hop on the train. there's still some issues to be worked out. the vta says the 49ers have asked them to rename its great america station. >>> a bay area disk jockey who went onto national game as a tv game show host has died. >> here's the star of the show, jim lange! [ cheers ] >> lange began his radio career in minnesot
penney and best buys shares are up. the dow is up 57. the nasdaq up 22. up 7. >>> palo alto police could provide security at the new 49ers' stadium in santa clara. according to report, the palo alto city council is considering an agreement that would allow off-duty officers to work at the stadium. hours worked in santa clara would not be used to calculate overtime or other benefits. the city of santa clara would also pay for any injuries suffered by officers at the stadium....
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Feb 3, 2014
02/14
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CNNW
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they said, hey, jc penney, need a designated driver. tweeting this out was drunk. jc penney responded later saying, early, sorry for the typos, we were hashtag, tweeting with mittens. decide for yourself if that was effective. the seahawks weren't the only ones effective. doritos hit it big thanks to two ads with two kids. they host an online contest inviting people to submit their own commercials. the prize, a super bowl spot and a big old chunk of cash. joining us now, brian anderson and the runner up, amber gill. congratulations to both of you. >> thank you. >> thank you very much. >> you guys don't sound that excited. brian, i would be specially excited if i were you. you just won $1 million. >> that's true. i did. oh, my god, i'm so excited. >> that's better. let's watch your ad that got you all that cash. it is called time machine. >> hey, mr. smith, wanna try out my time machine? it works on doritos. >> sure. now what? >> got to put the whole bag in. >> okay. >> yes. >> it's really working. >> out of my yard. >> you are so old. >
they said, hey, jc penney, need a designated driver. tweeting this out was drunk. jc penney responded later saying, early, sorry for the typos, we were hashtag, tweeting with mittens. decide for yourself if that was effective. the seahawks weren't the only ones effective. doritos hit it big thanks to two ads with two kids. they host an online contest inviting people to submit their own commercials. the prize, a super bowl spot and a big old chunk of cash. joining us now, brian anderson and the...
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Feb 26, 2014
02/14
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CNBC
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this time instant analysis and reaction to jc penney's quarterly results.d to be very pretty but the stock has been absolutely crushed this year. do not miss this key report. look forward to seeing you at the top of the hour. tdd# 1-888-628-2419 searching for trade ideas that spark your curiosity tdd# 1-888-628-2419 can take you in many directions. tdd# 1-888-628-2419 you read this. watch that. tdd# 1-888-628-2419 you look for what's next. tdd# 1-888-628-2419 at schwab, we can help turn inspiration into action tdd# 1-888-628-2419 boost your trading iq with the help of tdd# 1-888-628-2419 our live online workshops tdd# 1-888-628-2419 like identifying market trends. tdd# 1-888-628-2419 now, earn 300 commission-free online trades. call 1-888-628-2419 or go to schwab.com/trading to learn how. tdd# 1-888-628-2419 sharpen your instincts with market insight from schwab tdd# 1-888-628-2419 experts like liz ann sonders and randy frederick. tdd# 1-888-628-2419 get support and talk through your ideas with our tdd# 1-888-628-2419 trading specialists. tdd# 1-888-628-241
this time instant analysis and reaction to jc penney's quarterly results.d to be very pretty but the stock has been absolutely crushed this year. do not miss this key report. look forward to seeing you at the top of the hour. tdd# 1-888-628-2419 searching for trade ideas that spark your curiosity tdd# 1-888-628-2419 can take you in many directions. tdd# 1-888-628-2419 you read this. watch that. tdd# 1-888-628-2419 you look for what's next. tdd# 1-888-628-2419 at schwab, we can help turn...
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Feb 14, 2014
02/14
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KICU
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struggling retailer jc penney is making a cfo switch. ken hannah, is stepping down as cfo in march with no explanation. he'll be replaced by edward record who has 25 years of experience in finance at various retailers including kohl's. jcp plans to close 33 stores and eliminate 2 thousand jobs this year in a turnaround effort. avon is close to settling an overseas bribery probe. the cosmetics company is under suspicion of paying bribes to expand into china and other countries as u.s. sales slowed. settlement fees could cost up to $132 million. thursday, avon earnings beat estimates, but revenue fell in the fourth quarter. the stock closed down 3 percent to $14.61. tapping into other earnings... pepsi reported $20.1 billion in revenue up 1% from a year go... but just shy of analsyts estimates. the ceo is confident about the year ahead. good year tire reported a strong 4th quarter... as car sales increased sales of tires. and profits are up a burger king with growth coming from asia and north america. the chain says it's new menu items suc
struggling retailer jc penney is making a cfo switch. ken hannah, is stepping down as cfo in march with no explanation. he'll be replaced by edward record who has 25 years of experience in finance at various retailers including kohl's. jcp plans to close 33 stores and eliminate 2 thousand jobs this year in a turnaround effort. avon is close to settling an overseas bribery probe. the cosmetics company is under suspicion of paying bribes to expand into china and other countries as u.s. sales...
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Feb 14, 2014
02/14
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KQED
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penney named former kohl's executive ed record as its new chief financial officer. the struggling retailer didn't say why its current cfo, kevin hannah is leaving. but the change which will go in effect in march is the latest in a series of turn around efforts by the troubled department store operator. shares ofz2q-÷ jcp are higher t by a little bit to $5.99 whole foods lowered its 2014 sales and profit forecast. the natural foods grocer reported an earnings miss after last night's closing bell. it blamed it on growing competition from traditional grocers who are offering more organic foods. the co-ceo walter raab says quality is what makes his chain successful. >> obviously this quarter was disappointing for us as well, too. but i think look we're not just about price and competing, we're also about quality and the highest quality standards in the supermarket industry. it's balance between value and quality. i think we make our way forward based on both of those, not just on price. >> still, shares did fall more than 7% today to $51.46. >>> another train derailment
penney named former kohl's executive ed record as its new chief financial officer. the struggling retailer didn't say why its current cfo, kevin hannah is leaving. but the change which will go in effect in march is the latest in a series of turn around efforts by the troubled department store operator. shares ofz2q-÷ jcp are higher t by a little bit to $5.99 whole foods lowered its 2014 sales and profit forecast. the natural foods grocer reported an earnings miss after last night's closing...
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Feb 8, 2014
02/14
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ALJAZAM
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penney were doing poorly. it's not just in treelg. you're seeing -- retailing, it suggests many, many sectors. you can't say it's just the internet or that kind of thing. >> i want to are read you a quote from stephen frozzy from washington university. can we achieve the turn around that we need with the economy if the middle class which is the majority, the flowrm amount of plairns in decline? >> no, i don't think we thrive. if the middle class is struggling, in retail and other businesses, that enter long running trends that are in place that suggest that this will continue, have it's going to be very, very difficult for the economy to gain the kind of traction year prownd that we want to see. see. at the end of this period we're all not going to see very good about it because we're not all participating. the middle class is going to be left further and further behind. particularly for high income households. >> we have a social media question. >> what do these classes mean for small slinking middle class. now when we talk about job
penney were doing poorly. it's not just in treelg. you're seeing -- retailing, it suggests many, many sectors. you can't say it's just the internet or that kind of thing. >> i want to are read you a quote from stephen frozzy from washington university. can we achieve the turn around that we need with the economy if the middle class which is the majority, the flowrm amount of plairns in decline? >> no, i don't think we thrive. if the middle class is struggling, in retail and other...
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penney grabbing attention during the super bowl without commercials.artment store chain tweet messages that sounded either like drunk of hacks. they revealed they were tweeting with mittens to prove that hand warmers work well before the olympi >>> when we come back, collision course. one boat ramming another. it was a tense standoff. why this aggression on the high highways? >>> and swallowed whole. a family's car disappears when the earth opens up. i had ongoing pain. an intense ache all over. it was hard to do what mattered. my doctor diagnosed it as fibromyalgia... thought to be the result of overactive nerves that cause chronic, widespread pain. lyrica is believed to calm these nerves. i learned lyrica can significantly relieve fibromyalgia pain. for some, as early as the first week of treatment. now, i can do more with the ones i love. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavio
penney grabbing attention during the super bowl without commercials.artment store chain tweet messages that sounded either like drunk of hacks. they revealed they were tweeting with mittens to prove that hand warmers work well before the olympi >>> when we come back, collision course. one boat ramming another. it was a tense standoff. why this aggression on the high highways? >>> and swallowed whole. a family's car disappears when the earth opens up. i had ongoing pain. an...
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penney did not like. any of these reforms they wanted to counter them they didn't want to pay for any of these necessary upgrades or be liable for future disasters so they had d.l.a. piper dash was firm and go out and sell that alternative plan but it does not keep them on the hook for any future liabilities saving them a lot of money but potentially causing more death and pain in the future so what's interesting here is as d.l.a. piper lawyers and officials went around the city selling this alternative weak labor clare no one knew that they were being paid by jack one of the big companies that refused to play ball. that's just another example of of the shadow lobbying complex that you have folks selling policy selling influence and affecting the way that these policies are acted without registering and without disclosing if you listen to their rhetoric or when they're walking around the city selling this plan they said that they are with based they are affiliated with think tanks or they are you know sim
penney did not like. any of these reforms they wanted to counter them they didn't want to pay for any of these necessary upgrades or be liable for future disasters so they had d.l.a. piper dash was firm and go out and sell that alternative plan but it does not keep them on the hook for any future liabilities saving them a lot of money but potentially causing more death and pain in the future so what's interesting here is as d.l.a. piper lawyers and officials went around the city selling this...
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Feb 24, 2014
02/14
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FBC
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penney or best buy? even when they say it's not. it is always about money. on the move today the s&p kids the all-time high with the dow's sees big gains mark, tell me about the market are you feeling the conviction? >> a lot of people don't have it the s&p has moved to new highs but has not been joined with indices like the dow jones industrial average that is below the all-time highs. and the wrestle is closing -- the russell 2000 is not in high territory but they want to see these new indices with volume before we can have more confidence. >> you like energy? >> it is incredible just the last two days is started off now we see huge moves with crude over the last two weeks and energy has been a laggard but is just now starting to participate. it is a good risk/reward sector ahead. melissa: few manna -- humana , my eye but it's now humana says these deductions are in the neighborhood of 3.5% that is far better than 6%. the industry could be in trouble if they come in at 6% but if they are bright they will be in much better shape along with wellpoint. meliss
penney or best buy? even when they say it's not. it is always about money. on the move today the s&p kids the all-time high with the dow's sees big gains mark, tell me about the market are you feeling the conviction? >> a lot of people don't have it the s&p has moved to new highs but has not been joined with indices like the dow jones industrial average that is below the all-time highs. and the wrestle is closing -- the russell 2000 is not in high territory but they want to see...
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Feb 27, 2014
02/14
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KICU
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jc penney reported less of a loss than predicted. shares soard more than 7%. janet yellen heads to capitol hill today. she will share her thoughts about the economy with the senate banking committee. her appearance earlier this month was cancelled due weather. and there's rain to report in the west. drought ravaged areas such as riverside county calfornia are finally getting drenched! trader todd horwitz of average joe options joins us now. he's also watching the situation in the ukraine and russia. will it have and effect on the stock market or perhaps the oil market. > >i think when you take a look at the ukraine situation as far as the stock market is concerned, i think it will have no effect. it may effect their market but i think our market it won't bother. however the price of oil has been telling us for the last 3 to 4 weeks that there was issues to be dealt with and this situation in the ukraine could keep prices artificially pumped up here. > >what do you think about some of these retail stocks? target had a great day yesterday. abercrombie and fitch
jc penney reported less of a loss than predicted. shares soard more than 7%. janet yellen heads to capitol hill today. she will share her thoughts about the economy with the senate banking committee. her appearance earlier this month was cancelled due weather. and there's rain to report in the west. drought ravaged areas such as riverside county calfornia are finally getting drenched! trader todd horwitz of average joe options joins us now. he's also watching the situation in the ukraine and...