Consumer Business Rewind: Penney’s New UNVEILING, Lions Gate LOVES Charlie Sheen
Improved July Pending Home Sales data, along with potential sales of home repair items that might be necessary after the hurricane Isaac blows itself out, brought the shares of both Lowes Companies, Inc. (NYSE:LOW) and Home Depot, Inc. (NYSE:HD) higher on the day.
Don’t Miss: New York Attacks More Consumer Drinks.
J.C. Penney & Co. (NYSE:JCP) unveiled round two of its shops remake, as a part of Chief Executive Ron Johnson’s transformation, and shares reacted positively on the day. IZOD for men, Liz Clairborne, and JCP brand shops will officially open on September 1st, and almost 100 such shops should to be included within its stores in next few years.
Lions Gate Entertainment Corp. (NYSE:LGF) wins an order from FX Network for 90 episodes more of Charlie Sheen’s new comedy (reality?) show, Anger Management. This order was automatic through the contract terms, after the show more than met ratings thresholds in episodes 3 through 10.
Don’t Miss: Leap and Verizon Are SHARING the Love.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.