Business

Investors Sour on JCP Turnaround Plan

JC Penney’s stock price took another big dip on Monday, falling 13% after the company announced a dismal loss of $123 million in Q3. Revenue fell almost 27% to $2.93 billion – much worse than analysts’ estimate of $3.27 billion. On Friday, S&P moved to… Read More

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BusinessFashion

Fire In Dhaka Garment Factory Kills 111

A fire at a garment factory outside Dhaka, Bangladesh, killed at least 111 people Saturday and Sunday. The blaze at Tazreen Fashions took more than 17 hours to extinguish and dozens of workers were taken to hospitals with smoke inhalation injuries and burns. The factory… Read More

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BusinessRetail

Teen Buyers Flocking To American Eagle

American Eagle Outfitters Inc., with more than 1,000 stores nationwide, was among the clear winners in the heavy Black Friday competition for teenage apparel buyers. Stores of the specialty clothing retailer were filled with teens spending money, according to eye-witness accounts from retail analysts who… Read More

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Business

Apparel Imports Drop Again in September

Apparel imports dropped by 6.4% in September from the same month last year, to $8.3 billion. Year-over-year apparel imports have fallen in four of the past five months. So far this year there have been sizable increases in dollar volume from Vietnam and El Salvador, but these… Read More

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