JC Penney rolls out bargains to win back customers

Print
Email
|

by Ellen Braitman / Texas Bloomberg Report

Texas Bloomberg Report

Posted on May 20, 2013 at 7:25 AM

You may have more bargains greeting you at stores in coming weeks and months. Bloomberg analysts forecast retailers will be rolling out discounts to try to keep customers and increase market share. This comes as JC Penney works to win back customers. After Penney's former CEO drove away customers by taking away discounts, Penney's new CEO says he'll have events like the Mother's Day door busters about 20 times a year.

We're watching the Texas jobs scene closely to see if the state can repeat its April performance. Texas added the most jobs of all states last month. About 3,300 were added, as the unemployment rate held steady at 6.4 percent. In all 30 states had job gains, while 40 states saw their unemployment rate go down. Both the local and national jobs scene is improving.

Natural gas futures jumped more than 3 percent Friday. That was after the U.S. conditionally approved a liquefied natural gas project in Texas. The Freeport lNG export project is getting only the second approval from the Energy Department to export gas to countries that don't have free trade agreements with the U.S.

And we head into this new trading week with the S&P at another record. Stocks got a boost from a report showing that consumer confidence is at its highest in almost six years. That's helped by rising stocks, continued improvement in housing and an improving jobs market. 

 

 

 

Print
Email
|