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J.C. Penney Co. shares soared nearly 19 percent Thursday after the department store chain delivered a 2012 profit outlook that was well above analysts' projections.
J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.
The nation's largest retail trade group expects a solid 3.4 percent increase in sales this year, below last year's 4.7 percent increase as job woes weigh on shoppers.
A major retail trade organization is announcing that holiday sales rose 4.1 percent, better than its forecast for a 3.8 percent gain. But the season was clouded by heavy discounting needed to get shoppers to spend, particularly in the final weeks before Christmas.
The 2011 holiday shopping season will go down in the record books as the year the Grinch stole stores' profits.
The holiday shopping season turned out to be two seasons: the Black Friday binge and a last-minute surge.
The holiday shopping season turned out to be two seasons split by a big lull.
A mall trade group says that last minute shoppers gave merchants a solid lift during the final week before Christmas.
Americans are gaining faith that the economy is on the upswing.
Four types of American shoppers have altered the shopping landscape this holiday season.
The holiday shopping season is wrapping up to be bigger than anyone expected. Now, retailers are holding their breath and hoping consumers will keep spending in the final days before Christmas.
Shoppers came out again to seriously shop last week, after taking breather from a record spending spree over the Thanksgiving weekend, according to one measure
With about week until Christmas, optimism is rising that holiday sales will be better than originally forecast. Still, the season isn't expected to end up being stellar.
With the final Christmas countdown begun, the nation's largest retail trade group has upgraded its holiday sales forecast reflecting growing optimism that much more spending is to come.
Ah, the warm feelings of the holidays: Comfort and joy. Good cheer.
Oh what a difference a weekend can make.
Stores may have attracted shoppers early with fat discounts last week, but the shopping bonanza came with a price, according to data released by a research firm late Thursday.
Americans are beginning to feel more confident about the U.S. economy just as the all-important Christmas shopping season begins. But their optimism may be short-lived.
Americans' confidence in the economy in November bounced back to its highest level since July, the latest sign that consumers are beginning to feel more cheerful about spending during the holiday shopping season.
Retailers awaiting the arrival of Black Friday are on the edge. How well they do during the biggest shopping season of the year will have lasting consequences not just on them, but the still-fragile economic recovery.
Gap Inc. said Thursday that its third-quarter profit fell 36 percent, confirming the challenges the clothing company faces heading into the holiday shopping season.
Target is the latest company to learn the new retailing reality: If you discount it, they will come.
Wal-Mart got an early Christmas gift: Its strategy of offering the lowest prices and shoppers' favorite goods is starting to bear fruit just in time for the holiday shopping season.
J.C. Penney Co.'s new CEO, former Apple executive Ron Johnson, told analysts Monday that the department store chain is rethinking everything it's doing — from pricing to products. The message came as the retailer reported a quarterly loss.
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