Multiline Retail Department Stores

More

  • May 11- U.S. stocks fell on Wednesday as weak earnings reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector. Disney shares were down 4.5 percent at $101.82 after the company posted a rare earnings miss. Department store chain Macy's tumbled 12 percent to $32.58, while Fossil sank as much as 34 percent to a six-and-a-half year low of...

  • May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates again, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. Shares of Macy's, which also slashed its full-year comparable sales and earnings forecasts, fell 12 percent on Wednesday to...

  • *1st- qtr same-store sales down 5.6 pct vs est 3.2 pct. May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. They were set to open at an almost four-year low of $33.76.

  • May 11- Department store operator Macy's Inc reported a 7.4 percent fall in first-quarter sales, the fifth straight quarter of decline, as customers cut back on buying apparel and a strong dollar discourages tourists from spending heavily. Net income attributable to Macy's fell to $116 million, or 37 cents per share, in the quarter ended April 30 from $193...

  • No love for department stores?

    CNBC's Courtney Regan reports on the anxiety surrounding earnings from department store and retail names.

  • Department store slump

    CNBC's Courtney Reagan reports on the troubles facing department stores.

  • SINGAPORE/ BANGKOK, April 29- France's Casino Group has agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, the retailer said on Friday confirming an earlier Reuters story. Central Group, controlled by business family Chirathivat with interests in real estate, department stores and retailing, beat rival Thai...

  • LONDON, April 25- British department stores group BHS was placed into administration on Monday, putting the 88- year-old retailer in danger of disappearing from the high street and placing 11,000 jobs at risk. Going into administration, a form of creditor protection, means it is Britain's most high-profile retail casualty since Phones4U in 2014 and...

  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting the 88- year-old retailer in danger of disappearing from the high street and placing 11,000 jobs at risk. Going into administration, a form of creditor protection, means it is Britain's most high profile retail casualty since Phones4U in September 2014.

  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting about 11,000 jobs at risk. Philip Duffy and Benjamin Wiles, managing directors of Duff& Phelps, have been appointed joint administrators, the restructuring firm said. Its placing into administration, a form of creditor protection, means it is Britain's most...

  • Sears shuttering more stores

    The department store chain will close 68 Kmart locations and 10 Sears stores in late July.

  • *Luxury malls, department stores, hypermarkets spring up. BANGKOK, April 6- In a downtown Bangkok mall, ripped jeans and mirror sunglasses aimed at fast-fashion teens show how Thai retailers are getting ready for the next big thing- a government stimulus package they're betting will revive sales after years of stagnation. Amid record tourism numbers, the...

  • April 4- Department store operator Hudson's Bay Co reported a smaller-than-expected quarterly profit as expenses soared and sales at established Saks Fifth Avenue stores dropped. Hudson's Bay raised its 2016 sales forecast to C $14.9 billion- C $15.9 billion from C $14.2 billion- C $15.2 billion to reflect the revenue from online luxury retailer Gilt Groupe...

  • April 4- Department store operator Hudson's Bay Co reported a three-fold jump in quarterly profit, helped by the acquisition of Kaufhof and continued strength in its online business. The company's net profit rose to C $370 million, or C $1.88 per share, in the fourth quarter ended Jan. 30, from C $115 million, or 62 Canadian cents per share, a year earlier.

  • Are we at peak athleisure?

    As new players like Beyonce enter the athletic apparel space to challenge the likes of Lululemon, have we reached a saturation point for the "athleisure" trend? Jan Rogers Kniffen, founder of J. Rogers Kniffen Worldwide Enterprises and former Macy's executive, and Liz Dunn, Talmage Advisors founder & CEO and former Gap Inc. executive, discuss the trend.

  • March 28- Sears Holdings Corp Chief Executive Eddie Lampert has acquired a portion of the company's new $750 million loan in his latest bet on the parent of Sears department stores and Kmart discount shops, people familiar with the matter said. The loan helps Sears pay down some of its older debt at a time when shoppers are moving away from malls in favor of...

  • March 18- Canadian department store operator Sears Canada Inc agreed to sell and lease back a distribution outlet in Calgary, and said it would cut more costs this year, as the company struggles with declining sales. Sears Canada said on Friday it planned to slash costs by an additional C $100 million- C $127 million in 2016, with most of the cuts planned within the...

  • Sears investor sells 700K shares

    Bruce Berkowitz's Fairholme Capital sold 706,600 shares since the beginning of March.

  • Sears fading away to benefit J.C. Penney: Pro

    Discussing J.C. Penney's turnaround in the retail sector, and what would happen if long-time rival Sears were to completely shut up shop, with Jan Kniffen, CEO of J Rogers Kniffen WWE.

  • J.C. Penney on a comeback

    CNBC's Courtney Reagan talks with J.C. Penney CEO, Marvin Ellison, in his first television interview about the future of the company and how they plan to compete in the changing retail landscape.