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Multiline Retail Department Stores

  • US retail sales drop 0.3% in May vs 0.1% increase expected

    U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor vehicles and discretionary spending.

  • Online shoppers looking to score bargains during the Nordstrom anniversary sale instead faced glitches. The Seattle- based department store chain apologized, saying in a tweet that it was working to resolve the issue. The sale was set to start July 21 and end August 6, but Nordstrom cardholders were offered "early access" starting Thursday.

  • Employees assist customers at the checkout counter of a J.C. Penney store.

    J.C. Penney said it was opening toy shops in all its stores and has already doubled its online assortment of toys over the last year.

  • July 13- Department store operator J.C. Penney Co Inc said it was opening toy shops in all its stores and was planning to have a bigger assortment of toys available in time for the holiday season, as it seeks new avenues of growth amid weak sales. The retailer also said on Thursday it had doubled its online assortment of toys over the last year.

  • July 13- Department store operator J.C. Penney Co Inc said it was opening toy shops in all its stores and has already doubled its online assortment of toys over the last year, with plans to expand further by the holiday season. The retailer, which has over 1,000 stores, will sell toys from brands including Mattel's Fisher Price, Hasbro and Playmobil, with some stores...

  • Target boosts second-quarter guidance, says same-store sales will be higher

    Target on Thursday guided its quarterly earnings forecast higher, citing a rise in traffic.

  • Mark Cohen, former Sears Canada CEO and director of retail studies at Columbia, and Michael Gould, former Bloomingdale's CEO, discuss the decline of department stores as some retailers begin cutting prices on cosmetics.

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations as part of its effort to cut costs and square footage to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The company said in February it would cut costs this year by at least $1 billion. Shares of Sears were down 3 percent at...

  • Can malls survive as more retail stores close?

    Anika Khan, senior economist at Wells Fargo, discusses the distressed retail landscape and whether to buy in the sector now.

  • LONDON, June 27- Debenhams, Britain's second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve. The retailer, in the middle of a turnaround programme led by new Chief Executive Sergio Bucher, reported a 0.9 percent...

  • LONDON, June 27- Debenhams, Britain's second-biggest department store operator, said on Tuesday it was making progress in implementing its new strategy, though it cautioned that the UK trading environment had become more volatile. The firm said group like-for-like sales fell 0.9 percent in the 15 weeks to June 17, its fiscal third quarter.

  • LONDON, June 27- Debenhams, Britain's second-biggest department store operator, said on Tuesday it was making progress in implementing its new strategy, though it cautioned that the UK trading environment had become more volatile. The firm said group like-for-like sales rose 0.9 percent in the 15 weeks to June 17, its fiscal third quarter.

  • Walmart is accused of punishing workers for sick days

    Walmart, the nation's largest private employer, punishes workers for being sick, according to a report.

  • Pedestrians walk past a Hudson's Bay Co. store in North Vancouver, British Columbia, Canada, on Thursday, Jan. 12, 2017.

    Litt is better known in real-estate circles than retail ones, but that's not stopping his activist campaign at Hudson's Bay.

  • June 13- U.S. department store operator Neiman Marcus said on Tuesday it had ended talks regarding a partial or full sale of the company, three months after embarking on a review of strategic alternatives under the weight of a $4.8 billion debt load. Talks between Neiman Marcus and its suitor Hudson's Bay Co, the owner of high-end department store Saks Fifth...

  • TORONTO, June 9- Canadian retailer Hudson's Bay Co said on Friday it was streamlining operations across its various department store chains to better compete in what it called a "brutal" market. The 347- year-old company, known as HBC, announced jobs cuts across North America late on Thursday. HBC operates Hudson's Bay, Lord& Taylor, Saks Fifth Avenue and other...

  • June 9- A group of Nordstrom Inc family members is talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private, according to people familiar with the matter. Nordstrom said on Thursday the family group, which owns 31.2 percent of the 116- year-old retailer, was studying ways to...

  • HBC, which operates Hudson's Bay, Lord& Taylor, Saks Fifth Avenue and other chains, plans to decrease its number of vendors, centralize store operations and move toward a "shared services" structure to standardize processes across department stores. The shares tumbled C $1.08, or 11.2 percent, to C $8.55, and earlier touched a record low of C $8.44.