New Macy's app assist the customers to shop conveniently through their mobile phones

With the advance of online shopping stealing the market, the retailers who own shops are finding it difficult to maintain their sales. But with a launch of new retailers app, Macy's app, the customers will be enabled to do more convenient shopping.

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What to watch in the day ahead

The world's largest retailer is likely to provide an update on its layaway program's results and on early indications of whether shoppers are taking to its first holiday specials. Wall Street is waiting to see whether Wal-Mart again cuts its fiscal year forecast.

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JCPenney returns shares and board seat in Martha Stewart Living

In a bid to get past the Macy's suits filed against the retailer and Martha Stewart, JCPenney had decided to amend the agreement it had entered into with Martha Stewart Living Omnimedia.

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JC Penney's commercial mortgage backed securities affect the market

The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.

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