Multiline Retail Department Stores

  • MENOMONEE FALLS, Wis.— Kohl's fiscal second-quarter profit beat analysts' estimates, as the department store operator trimmed expenses and managed its inventory well. For the three months ended July 30, Kohl's earned $140 million, or 77 cents per share. Chairman, CEO and President Kevin Mansell said in a written statement that Kohl's inventory management...

  • Aug 11- Kohl's Corp reported quarterly sales above analysts' estimates as warm weather in the quarter boosted demand for summer clothes and accessories. The department store chain's net income rose to $140 million, or 77 cents per share, in the second quarter ended July 30, from $130 million, or 66 cents per share, a year earlier. Net sales fell 2 percent to $4.18...

  • World Trade Center site in the Manhattan borough of New York

    Fifteen years after 9/11 the downtown has completely transformed, but is there enough demand for a huge retail complex?

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. Sales in Kors' wholesale business, which supplies to department store operators including Macy's Inc and Neiman Marcus, declined 7...

  • Coach to exit 250 department stores

    The luxury goods maker has a plan to restore its upscale aura by scaling back its inventory in highly promotional shops.

  • LONDON, Aug 9- British retailer John Lewis on Tuesday reported a 7.3 percent jump in year-on-year sales at its department store chain for the week to Aug. 6, as customers bought new cameras and wireless headphones for use on their holidays. As the only British retailer to publish weekly sales data, John Lewis provides the most up-to-date snapshot of shopping...

  • MEXICO CITY, Aug 5- Total sales from Mexico's major retail stores will likely surpass earlier estimates of nearly 7 percent growth this year, in large part due to abundant liquidity in the economy, the head of retailers association ANTAD said in an interview on Friday. ANTAD includes retail chains Walmex and Soriana as well as other department stores operating...

  • NEW YORK, Aug 5- A U.S. stock market that rose again to record highs on Friday on the back of a robust employment report will take its cues next week from a facet of the economy that also has shown signs of strength: the consumer. Quarterly earnings reports from department store operators including Macy's, luxury goods companies such as Michael Kors and...

  • Kate Spade bags on sale at Macy's in New York.

    Sellers should revise inventory strategy and avoid relying so much on department stores, said some analysts on CNBC's "Power Lunch."

  • LONDON, July 12- British retailer John Lewis said sales at its department store chain rose 4.7 percent in the week to July 9, accelerating the rate of growth from the previous week due to strong demand for its clearance sale. Department store sales rose 4.7 percent year-on-year to 85 million pounds, having increased just 2.1 percent in the previous week- the week...

  • *Consumer confidence tumbles in Britain. LONDON, July 8- British consumer confidence suffered one of its biggest drops in 21 years and the country's largest department store expressed concern over the pound's fall, in the strongest evidence to date of the challenges Britain's economy faces after the Brexit vote. The vote to leave the European Union has thrust...

  • *Consumer confidence tumbles in Britain. LONDON, July 8- British consumer confidence suffered one of its biggest drops in 21 years and the country's largest department store expressed concern over the pound's fall, in the strongest evidence to date of the challenges Britain's economy faces after the Brexit vote. The vote to leave the European Union has thrust...

  • LONDON, July 8- The depreciation of sterling versus the U.S. dollar in the wake of Britain's vote to leave the European Union could potentially become a major issue for John Lewis, the country's largest department store group said late on Thursday. Britain's shock Brexit vote last month has stunned financial markets, with the pound bearing the brunt of the early...

  • LONDON, July 5- Sales growth at British retailer John Lewis's department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. The employee-owned John Lewis Partnership owns Britain's biggest department store chain as well as the upmarket Waitrose supermarket chain. While Britain's FTSE 100 index of blue chip...

  • LONDON, July 5- British retailer John Lewis said sales growth at its department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. John Lewis said department store sales rose 2.1 percent year-on-year to 90.8 million pounds, having increased 7.3 percent in the previous week when it started its summer sale.

  • *Ex-chief merchandising officer Jeff Gennette to take over. *Lundgren to continue as executive chairman. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer, Jeff Gennette, as the department store operator tries to revive sales hit by competition from online and off-price retailers.

  • *Ex-chief merchandising officer Jeff Gennette to take over. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette as the department store operator tries to revive sales hit by stiff competition from online and off-price retailers. "We think a new perspective and leadership...

  • *Ex-chief merchandising officer Jeff Gennette to take over. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette as the department store operator tries to revive sales hit by stiff competition from online and off-price retailers. "We think a new perspective and leadership...

  • June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette, as the department store operator looks to revive sales amid stiff competition from online and offprice retailers. Shares of the company, which has reported falling sales for the last five quarters, rose as much as 5 percent...

  • June 23- Macy's Inc said Terry Lundgren will step down as chief executive next year and be succeeded by former chief merchandising officer Jeff Gennette, as the department store operator looks to revive sales amid stiff competition from online retailers. Macy's sales nearly doubled during Lundgren's tenure and he helped establish Macy's and...