Is 2017 the death of retail as we know it?
Each day, it seems another beloved shopping icon is issuing bad news as retailers continue to face a challenging environment.
Brick-and-mortar stores are struggling to change and adapt fast enough in the highly competitive digital age and retailers are closing under-performing stores, shedding workers and launching new initiatives in an attempt to cut costs and stay relevant.
The announcement that�Sears�faces "substantial doubt" about its ability to stay in business�because�of a cash crunch hit the retail�world hard Wednesday.
Here is a look at the top retailers that have announced store closings in 2017:
J.C. Penney: 138 stores�J.C.�Penney announced it was closing 138 stores and offering�buyouts to 6,000 workers as it attempts to cut costs and shrink its retail footprint.
Top Performing Stocks To Buy For 2019: Entergy Louisiana, Inc.(ELA)
Advisors' Opinion:- [By Ethan Ryder]
Elastos (CURRENCY:ELA) traded down 2.3% against the dollar during the 1-day period ending at 20:00 PM E.T. on June 19th. Elastos has a market capitalization of $150.76 million and approximately $6.03 million worth of Elastos was traded on exchanges in the last day. In the last seven days, Elastos has traded 6.9% lower against the dollar. One Elastos coin can currently be bought for $28.91 or 0.00428971 BTC on major exchanges including Huobi and BCEX.
Top Performing Stocks To Buy For 2019: Cullen/Frost Bankers, Inc.(CFR)
Advisors' Opinion:- [By Joseph Griffin]
BlackRock Inc. grew its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,251,719 shares of the bank’s stock after acquiring an additional 140,956 shares during the period. BlackRock Inc. owned about 8.23% of Cullen/Frost Bankers worth $557,051,000 at the end of the most recent quarter.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Cullen/Frost Bankers (CFR)
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- [By Stephan Byrd]
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For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Performing Stocks To Buy For 2019: GlobalSCAPE, Inc.(GSB)
Advisors' Opinion:- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Akorn, Inc. (NASDAQ: AKRX) fell 32.7 percent to $13.25 in pre-market trading after Fresenius terminated its merger deal with Akorn. Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell 15.7 percent to $12.30 in pre-market trading. Subsea 7 confirmed a $7.00 per share proposal to acquire Mcdermott, pending termination of merger agreement with CB&I. Myomo, Inc. (NYSE: MYO) fell 9 percent to $3.65 in pre-market trading after rising 11.39 percent on Friday. Hasbro, Inc. (NASDAQ: HAS) fell 8 percent to $88.36 in pre-market trading after the company reported weaker-than-expected results for its first quarter on Monday. SunPower Corporation (NASDAQ: SPWR) fell 7.1 percent to $9.00 in pre-market trading. Endeavour Silver Corp. (NYSE: EXK) shares fell 5.9 percent to $2.88 in pre-market trading after declining 3.16 percent on Friday. Mattel, Inc. (NASDAQ: MAT) shares fell 5.5 percent to $12.25 in pre-market trading. Valeritas Holdings, Inc. (NASDAQ: VLRX) shares fell 5.1 percent to $2.96 in pre-market trading after rising 76.27 percent on Friday. GlobalSCAPE, Inc. (NYSE: GSB) fell 5.1 percent to $3.57 in pre-market trading. Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) shares fell 4.1 percent to $49.93 in pre-market trading. Oasis Petroleum Inc. (NYSE: OAS) fell 4.1 percent to $9.75 in pre-market trading. SunTrust Robinson Humphrey downgraded Oasis Petroleum from Hold to Sell
Top Performing Stocks To Buy For 2019: Neuberger Berman MLP Income Fund Inc.(NML)
Advisors' Opinion:- [By Ethan Ryder]
New Millennium Iron Corp (TSE:NML)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 21500 shares traded. The stock had previously closed at C$0.07.
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