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JCPenney's holiday stretch wasn't as bad as some feared, an encouraging sign for the troubled retailer.Sales at stores open at least a year fell only 4 percent during the holiday quarter compared with a year earlier. Investors had expected worse.JCPenney said it got a boost from its women's clothing business and toys during the holidays. It posted a million profit for the quarter. JCPenney's stock jumped 27 percent Thursday. Its stock rebounded somewhat this year after falling under for the first time in the company's 90-year history in December, because of uncertainty about its long term future. It's currently trading around .57."This is not business as usual," CEO Jill Soltau told analysts on Thursday. "We are taking deliberate actions to improve."Soltau, who took over last year, previously pledged "quick action" to put JCPenney on the path to profitability. She installed a new management team and on Thursday brought in a new chief merchant from Target.But the picture for JCPenney remains grim: The company said it lost 5 million for the full year.The company plans to close 18 under-performing department stores in 2019, as well as nine home and furniture stores. But it still has more than 800 stores around the country.In a strategy shift, JCPenney recently said it would 1316
It could be a very Merry Christmas for those playing the Mega Millions lottery game.The jackpot for the Tuesday, Dec. 25, drawing is worth 1 million. Winning numbers will be revealed just before 11 p.m. Eastern.For the lucky winner, the cash option will be worth 3.7 million.According to Mega Millions officials, there have been four Christmas Day drawings since the game began in 2002.Officials said: “Although the day itself has not yet produced a jackpot winner, seven Mega Millions jackpots have been won in the days before and after Christmas, including the third largest jackpot in the history of the game — 8 million — on December 17, 2013.”It costs to play, though the odds of winning the jackpot are one in 302 million.Looking for a lucky store? Anyone planning to purchase a ticket can find the closest retailers 847
If you're a fan of Nutella, this will make your day.You can now buy a big seven-pound bucket of the chocolate and hazelnut spread at Costco. That's right, seven pounds of the good stuff.The tub will sell for about both in stores and online. However, it will cost an extra for delivery if you order online.You don't have to have a Costco membership to shop online, but a membership is necessary to take advantage of the retailer's two-day delivery deal. 471
In 141 years of records, Earth has not had a hotter January, according to NOAA data released Thursday.Last month, a trend of record or near-record-breaking temperatures continued, as January 2020 topped January 2016 by 0.04 of a degree F for the title of hottest January on record. The four warmest Januaries documented in the climate record have occurred since 2016, NOAA said. NOAA data showed that the contiguous United States had its fourth-warmest January on record last month. Nearly the entire nation had above-average temperatures in January. The Northeast U.S. had well above temperatures. Globally, Eastern Europe and Australia had exceptionally warm temperatures in January. 698
Lawsuits against e-cigarette maker Juul were filed Monday by the state of California, two Washington state counties and a school district for allegedly targeting minors.The lawsuits claim 200