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Multiline Retail Department Stores

  • May 12- Department store operator J.C. Penney Co Inc's quarterly loss more than doubled, hurt by weak sales in February and higher costs related to store closures and employee severance packages. Net loss widened to $180 million, or 58 cents per share, in the first quarter ended April 29, from $68 million, or 22 cents per share, a year earlier.

  • May 11- Nordstrom Inc on Thursday became the latest department store operator after Macy's and Kohl's to report weaker-than-expected quarterly same-store sales, underscoring the industry's struggle to attract customers amid a slump in demand for apparel and a shift to shopping online. Nordstrom's shares, which closed down 7.6 percent at $46.21 in regular...

  • May 11- U.S. stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth. Kohl's dropped 7.86 percent after it reported a drop in quarterly sales, while shares of Nordstrom and J.C.

  • NEW YORK, May 11- U.S. stocks ended lower on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in department store shares and stirred fears that consumers are not spending enough to drive strong economic growth.

  • May 11- Macy's year-old strategy of opening its Backstage off-price chain within its existing department stores drives traffic into the main store, the retailer said on Thursday, but analysts said the move confuses customers and could hurt Macy's longer-term results. Backstage discount stores sell excess and off-season inventory at steep discounts and...

  • May 11- U.S. stocks fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth. Kohl's dropped 6.2 percent after it reported a drop in quarterly sales, while shares of Nordstrom and J.C.

  • Melissa Feliciano tries out the Sephora Virtual Artist at Sephora’s flagship store in New York, March 31, 2017.

    A boon in prestige beauty sales has driven hordes of consumers to Sephora — buying up the next hottest lip kit, N.Y. Times reports.

  • *Macy's, Kohl's sales fall more than expected. *Inventory levels up at Macy's, down at Kohl's. May 11- Macy's and Kohl's reported bigger-than-expected declines in sales in the latest quarter, underscoring department store operators' continued struggle to attract customers amid a slump in demand for apparel and the shift to shopping online.

  • *Macy's, Kohl's Q1 comp sales fall more than expected. May 11- U.S. department store operator Macy's Inc reported a much bigger-than-expected drop in quarterly profit and sales, continuing its uphill struggle to attract customers amid a slump in demand for apparel and the shift towards shopping online. Macy's shares fell as much as 10 percent to $26.40 on...

  • May 11- Department store operator Macy's Inc reported a lower-than-expected quarterly profit, as sales continued to tumble and as higher inventory weighed on margins, and the company's shares dropped 9 percent in premarket trading on Thursday. Net income attributable to Macy's shareholders fell to $71 million, or 23 cents per share, in the quarter ended April...

  • May 11- Department store operator Macy's Inc reported a 39 percent drop in quarterly profit, hurt by a decline in sales and as higher inventory weighed on margins. The company's shares dropped 7 percent in premarket trading on Thursday. Net income attributable to Macy's shareholders fell to $71 million, or 23 cents per share, in the first quarter ended April 29,...

  • May 11- Department store operator Kohl's Corp reported a better-than-expected quarterly profit, helped by lower costs and a leaner inventory amid a tough retail environment in the United States. Kohl's net income soared to $66 million in the first quarter from $17 million a year earlier, when it recorded a $64 million charge related to impairments and store...

  • *Website to go live on June 6. PARIS, May 10- LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world's biggest luxury goods group steps up the digital side of its business. LVMH, controlled by French billionaire Bernard Arnault, said the new site would go live on June 6 in more than 70...

  • Neiman Marcus store sign

    Hudson's Bay has hired a debt restructuring adviser to review options for combining its business with debt-laden Neiman Marcus, sources said.

  • May 8- Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, according to people familiar with the matter. The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a...

  • MUNGER SAYS' IT WOULD CERTAINLY BE UNPLEASANT' IF THEY WERE STILL' IN THE DEPARTMENT STORE BUSINESS'.

  • Sears, which has been shuttering stores to boost its bottom line, announced more steps to get its house in order, USA Today reports.

  • Malls haven't hit doomsday just yet

    Not all of America's malls are doomed.

  • LONDON, April 20- Debenhams, Britain's second-biggest department store operator, said on Thursday it would return to growth by closing a few stores, revamping the rest and improving its online service, but concerns about the cost sent its shares lower. After a strategic review by new Chief Executive Sergio Bucher, a former Amazon and Inditex executive, the group...

  • Makeup artist Bobbi Brown (L) attends the Jenny Packham fashion show during September 2016 New York Fashion Week.

    Bobbi Brown, who left her namesake cosmetics company late last year, is taking on a new challenge that's been baffling the retail industry.