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Stock Market & Financial Investment News

News Breaks
November 29, 2012
08:31 EDTKSSKohl's reports November SSS down 5.6%, total sales down 4.9%
The company says "Though November sales were lower than expectations, we are encouraged by improved sales over the Thanksgiving week. There was a significant shift in Black Friday-related sales into our E-Commerce channel. For the week, both transactions and sales in E-Commerce increased over 50% with most of these sales being recognized in December. The combination of these E-Commerce sales and our store sales resulted in higher sales for the last week of the month."
News For KSS From The Last 14 Days
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October 13, 2014
10:06 EDTKSSJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTKSSJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
October 8, 2014
13:43 EDTKSSDepartment stores fall after J.C. Penney cuts view due to difficult environment
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11:16 EDTKSSKohlís October volatility elevated
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