shopper-checks
J.C. Penney sales beat, helped by home goods and Sephora
November 13, 2015 by publisher · Leave a Comment
Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion.
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J.C. Penney sales beat, helped by home goods and Sephora
shopper-checks
U.S. retail sales weak; inflation pressures remain subdued
November 13, 2015 by creative · Leave a Comment
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. Weak inflation and signs of slowing consumer spending could complicate the Federal Reserve's decision next month whether to …
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U.S. retail sales weak; inflation pressures remain subdued