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Stock Market & Financial Investment News

News Breaks
August 6, 2014
07:47 EDTCOST, M, TGT, KSS, CVS, WMT, JCP, WAGRetailers pare store openings as shopper visits slide, WSJ says
Shopper visits to physical stores fell by nearly 7% in June and nearly 5% in July have fallen by 5% or more from a year earlier in every month for the past two years, according to data firm ShopperTrak, reported The Wall Street Journal. Against this backdrop, growth in store counts at the 100 largest retailers by revenue has slowed to less than 3% from more than 12% three years ago, the report noted, citing data from Moody's. Publicly traded retailers include Wal-Mart (WMT), Target (TGT), Macy's (M), J.C. Penney (JCP), Kohl's (KSS), Walgreen (WAG), CVS (CVS) and Costco (COST). Reference Link
News For WMT;TGT;WAG;CVS;M;JCP;KSS;COST From The Last 14 Days
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March 19, 2015
07:04 EDTMAmerican Express confirms plans to launch Plenti loyalty program
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06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
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March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
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15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
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13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
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12:46 EDTKSSKohl's management to meet with Piper Jaffray
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12:26 EDTTGTTarget unveils extended one-year return policy
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09:36 EDTWMTActive equity options trading on open
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06:16 EDTCOST, MAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
15:41 EDTJCPJ.C. Penney General Counsel Janet Dhillon leaving, Bloomberg says
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09:05 EDTTGTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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06:57 EDTJCPJ.C. Penney CMO leaves company, effective immediately, AdAge reports
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06:31 EDTCVSStudies find Gilead's hepatitis C drugs cost effective, Reuters says
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06:26 EDTCOSTCostco temporarily barred from importing fish into Canada, WSJ says
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March 16, 2015
06:16 EDTWMTWal-Mart to sell Tide rival Persil in stores, WSJ reports
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March 13, 2015
11:37 EDTTGTTarget to close first Canadian stores next week, Globe and Mail reports
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March 12, 2015
08:20 EDTJCPImperial Capital says $3 target on J.C. Penney likely too high
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07:48 EDTWMTMcCormick downgraded at Bernstein
As noted earlier, Bernstein downgraded McCormick (MKC) to Market Perform from Outperform. The firm downgraded the stock based on the discounts that Wal-Mart (WMT) is placing on the company's 5th Season brand. Target remains $81.
07:00 EDTKSSKohl's plans to reduce reliance on circulars, WSJ says
Kohl's plans to use zip code data to only send newspaper circulars to proven, loyal customers, reports the Wall Street Journal. Kohl's marketing EVP William Setliff stated the company plans to cut its circulars budget by 40% and reinvest those funds into reaching underengaged customers through other advertisement methods. Reference Link
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