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Multiline Retail Department Stores

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  • *J.C. Penney, Nordstrom rise after strong results. J.C. Penney and Nordstrom both rose after the department store chains posted better-than-expected quarterly results. J.C. Penney was up 5.1 percent at $8.48 while Nordstrom jumped 3.7 percent to $77.72 and was among the biggest percentage gainers in the S&P 500, while the S&P retail index was up 0.4 percent.

  • Aug 14- J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by demand for home goods and high-end Sephora beauty products, indicating that the department store operator's turnaround efforts were starting to pay off. J.C. Penney has been increasing the number of stores run by popular beauty brand Sephora- owned by luxury giant LVMH- within...

  • Aug 14- J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by demand for home goods and high-end Sephora beauty products, indicating that the department store operator's turnaround efforts were starting to pay off. The stores, opened following pressure from activist investor Bill Ackman during J.C. Penney's ill-fated attempt to go...

  • Aug 14- Department store operator J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by higher sales of home goods, fine jewelry and Sephora beauty products. J.C. Penney has been increasing the number of stores run by popular beauty brand Sephora, which is owned by luxury goods maker LVMH, within its stores to attract shoppers.

  • Aug 14- Department store operator J.C. Penney Co Inc reported a 2.7 percent rise in quarterly revenue, helped by higher sales in its home and fine jewelry categories and at the Sephora departments in its stores. The company's net loss narrowed to $138 million, or 45 cents per share, in the second quarter ended Aug. 1, from $172 million, or 56 cents per share, a year earlier.

  • Aug 13- Department store operator Kohl's Corp reported lower-than-expected same-store sales in the second quarter as consumers delayed back-to-school shopping due to a shift in tax holidays to August. Kohl's net income fell 44 percent to $130 million, or 66 cents per share, in the quarter ended Aug. 1. Excluding items, it earned $1.07 per share, missing analysts'...

  • Aug 13- Department store operator Kohl's Corp reported lower-than-expected same-store sales for the second quarter as a shift in tax-free holidays to August delayed back-to-school shopping. The company's net income fell to $130 million, or 66 cents per share, in the second quarter ended Aug. 1 from $232 million, or $1.13 per share, a year earlier.

  • Aug 12- Alibaba Group Holding Ltd said it signed an agreement with the Chinese joint venture of Macy's Inc to set up the U.S. retailer's store on its online marketplace, Tmall Global. The deal makes Macy's the first U.S. department store chain to join Tmall Global, Alibaba said on Wednesday. Alibaba and its newer rival JD.com Inc have been trying to win deals with...

  • The 100- year-old retailer- backed by Canadian Pension Plan Investment Board and Ares Management LP- sells apparel, handbags, shoes, cosmetics and designer jewelry. Dallas- based Neiman Marcus operates 41 department stores bearing its name, the famed Bergdorf Goodman store on Manhattan's Fifth Avenue and the Last Call off-price chain. Neiman Marcus's...

  • SAN FRANCISCO, Aug 3- Macy's Inc said on Monday the department store chain will expand same day delivery services to nine cities and metropolitan areas this month, pushing into an aggressive field dominated by e-commerce giant Amazon.com Inc.. Macy's, the nation's largest department store chain, said it will now offer same day delivery to customers in 17...

  • SEOUL, July 29- Sales at top South Korean department stores in June fell more than reported earlier to mark the worst drop on record, revised government data showed on Wednesday, as an outbreak of Middle East Respiratory Syndrome prompted consumers to cut spending. The trade ministry said sales at department store chains run by Hyundai Department Store, Lotte...

  • *Shoprite set to miss annual sales forecasts. *Massmart sales grow 9 pct. JOHANNESBURG, July 15- South Africa's Woolworths Holdings Ltd said sales had surged 55 percent over the past year, boosted by the first contribution from David Jones after it bought the Australian department store chain last August.

  • July 14- Sears Holdings Corp has hired a former Levi Strauss& Co executive to head its Sears business as it looks to revive sales through its customer loyalty program. Joelle Maher, who will be named president and chief member officer of the Sears business, will be responsible for aligning the operations of the Sears department store chain with Sears Holdings' "...

  • Sears' badly needed boost Monday, 6 Jul 2015 | 10:00 AM ET
    Sears' badly needed boost

    Sears REIT Seritage begins trading today.

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Canadian retailer Hudson's Bay is buying German department store chain Kaufhof from Metro for 2.8 billion euros as a launch pad to expand into Europe. Hudson's Bay, which operates department stores in Canada and U.S. luxury chains Saks Fifth Avenue and Lord& Taylor, said the deal, due to...

  • TORONTO, June 10- Target Corp's exit from Canada has helped Hudson's Bay Co pick up Canadian market share, HBC executives said on Wednesday as the department store operator reported higher quarterly sales but a bigger loss. The company, founded in 1670, said overall same-store sales rose 2.7 percent on a constant currency basis, with sales up 4.9 percent at its...

  • UPDATE 1-Hudson's Bay reports bigger adjusted loss Wednesday, 10 Jun 2015 | 7:59 AM ET

    June 10- Department store operator Hudson's Bay Co reported a bigger adjusted loss, mainly due to higher administrative expenses and cost of sales. Hudson's Bay, which also runs Lord& Taylor stores in the United States, has been in high-level talks with Germany's Metro to buy its department store chain, Kaufhof. Hudson's Bay plans to drive sales through...

  • Hudson's Bay reports bigger adjusted loss Wednesday, 10 Jun 2015 | 7:16 AM ET

    June 10- Department store operator Hudson's Bay Co reported a bigger adjusted loss, mainly due to higher administrative expenses and costs of sales. The company reported a net loss of C $54 million, or 30 Canadian cents per share, in the first quarter, compared with a net profit of C $176 million, or 97 Canadian cents per share, a year earlier. Adjusted loss was C $33...