Multiline Retail Department Stores

  • Sept 20- U.S. retailers are taking a cautious view of the holiday selling season this year- if their temporary hiring plans are anything to go by. Macy's Inc, which operates the namesake Macy's and Bloomingdale's department store chains, said on Tuesday it would hire 83,000 temporary workers for the holiday quarter, a 2 percent decline from last year.

  • Sept 20- Macy's Inc said it would hire about 83,000 temporary workers for the holiday quarter, the third major retailer after Kohl's and Target to keep seasonal hiring largely unchanged from last year. Macy's, which operates the namesake Macy's and Bloomingdale's department store chains, had hired 85,000 temporary workers for last year's holiday shopping...

  • Aug 25- Sears Holdings Corp posted a net loss due to lower sales of home appliances and apparel, and the company said it accepted debt financing of $300 million from Chief Executive Edward Lampert's hedge fund, ESL Investments. The owner of the Sears department store and Kmart discount store chains reported a 5.2 percent drop in comparable store sales for the...

  • *Sales in the Americas rise 1.4 pct. *Co expects FY2017 adj profit $3.38- $3.44/ share vs est $3.53. Aug 19- Cosmetics maker Estee Lauder Cos Inc reported a smaller-than-expected rise in quarterly sales, hurt by a slowdown in sales in the Americas as fewer customers visited department stores and tourist spending declined.

  • Retail: Bricks vs. clicks

    Jan Kniffen, J. Rogers Kniffen Worldwide Enterprises CEO, and Daniel Binder, Jefferies & Co. Senior Equity Research Analyst & Managing Director, discuss the health of retailers as malls and online shopping go head to head.

  • Moving out of the malls?

    CNBC's Courtney Reagan reports the latest on the health of retailers in malls.

  • *2nd- qtr adjusted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • *2nd- qtr adjusted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • *2nd- qtr adjuted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • Penney Co Inc reported a smaller-than-expected quarterly loss on Friday, helped by demand for home goods and footwear and a strong performance by the Sephora beauty products shops in its stores. The department store operator joined Macy's Inc and Kohl's Corp in reporting better-than-expected results, although expectations were low for all three.

  • Stocks to Watch: August 12, 2016

    JC Penney, Nordstrom and Gap are making headlines this Friday morning before the opening bell.

  • Aug 11- All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. It was the first time since Dec. 31, 1999 that the S&P 500, Dow Jones industrial average and Nasdaq had closed at record highs on the same day,...

  • *Macy's, Kohl's top percentage gainers on S&P 500 index. Aug 11- Wall Street stocks ended at record highs on Thursday as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped as much as 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the...

  • Aug 11- Department store operator Nordstrom Inc reported better-than-expected quarterly comparable store sales, helped by higher sales during its anniversary sale and at its off-price Rack business. Nordstrom shares were up nearly 12 percent in extended trading. Net income fell to $117 million, or 67 cents per share, in the second quarter ended July 30, from...

  • *Macy's, Kohl's top pct gainers on S&P 500 index. Aug 11- Wall Street stocks hit fresh record highs on Thursday as rising oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the International Energy...

  • *Macy's, Kohl's top pct gainers on S&P 500. Aug 11- The Dow touched a record intraday high on Thursday afternoon as strong results from department store chains and a surge in oil prices buoyed investor sentiment about economic growth. Oil prices jumped 5 percent on comments from the Saudi oil minister about possible action to stabilize prices and the...

  • CNBC Pro: Macy's Terry Lundgren

    Macy's CEO Terry Lundgren discusses on CNBC the department store's better-than-expected earnings report, the state of the consumer and store closures.

  • *Weekly jobless claims fall to 266,000 from 269,000. Aug 11- U.S. stock indexes came at shouting distance from their record highs as strong results from department store chains and robust labor market data buoyed investor sentiment about economic growth. Oil prices rose nearly 2 percent, supporting the rally, after the International Energy Agency forecast...

  • *Weekly jobless claims fall to 266,000 from 269,000. *Department store stocks soar on Kohl's, Macy's results. Aug 11- Wall Street rose sharply on Thursday morning as strong labor market data and upbeat corporate results buoyed investor sentiment about U.S. economic growth.

  • Aug 11- Kohl's Corp reported a higher-than-expected quarterly profit, helped by better inventory management and warm weather that boosted sales of summer clothes and accessories. The department store chain's shares rose 9 percent to $41.50 in premarket trading on Thursday. The company said on Thursday its inventory management initiatives helped boost...