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Multiline Retail Department Stores

  • I'm going to go get some myself today, "Conway told Fox News in an interview from the White House. The White House and the OGE did not respond to requests for comment. On Wednesday President Trump attacked department store chain Nordstrom Inc for dropping his daughter's products, drawing intense criticism for using a White House twitter platform to intervene in a...

  • WASHINGTON, Feb 9- A top aide to U.S. "Go buy Ivanka's stuff," Trump senior adviser Kellyanne Conway told Fox News in an interview from the White House. On Thursday, Ivanka's brand was thrust again into the headlines after her father attacked department store chain Nordstrom Inc in a highly unusual move using a White House twitter platform to intervene in a...

  • WASHINGTON, Feb 9- A top aide to U.S. "Go buy Ivanka's stuff," Trump senior adviser Kellyanne Conway told Fox News in an interview from the White House. On Thursday, Ivanka's brand was thrust again into the headlines after her father attacked department store chain Nordstrom Inc in a highly unusual move using a White House twitter platform to intervene in a...

  • WASHINGTON/ CHICAGO Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a...

  • WASHINGTON, Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a commercial...

  • Pedestrians walk by Macy's flagship store in Herald Square in New York.

    There's no way out of slowing in-store retail sales, but Macy's still holds valuable properties, Cowen analyst Oliver Chen told CNBC's "Power Lunch."

  • The retailer, which is headquartered in Chile and has operations throughout South America, is controlled by Chile's Paulmann family. Improved regional economic prospects, especially in Argentina, Brazil and Peru, will also help buttress Cencosud's business units, it said. Cencosud runs the Jumbo supermarkets, Paris department store and Easy home...

  • LONDON, Jan 12- John Lewis, Britain biggest department store group, said it needed to invest heavily in its online business this year after 40 percent of total sales came from the internet over Christmas, showing the speed of change ripping through the retail industry. The planned investment and the impact of a weaker pound since Britain voted to leave the...

  • LONDON, Jan 12- Britain's biggest department store John Lewis said it needed to invest heavily in its online business this year after 40 percent of total sales came from the internet over Christmas, showing the speed of change ripping through the industry. The drive to make online shopping fit more easily into customers' lives has ramped up sales and put Britain...

  • LONDON, Jan 12- Britain's biggest department store John Lewis said it would invest heavily in its business this year in response to the accelerating shift to online shopping, after it reported a 2.7 percent rise in underlying Christmas sales. The John Lewis Partnership, which also owns the upmarket Waitrose supermarket, said even though it expected profit to be...

  • LONDON, Jan 11- British department store House of Fraser on Wednesday reported a 2.7 percent rise in underlying sales over the Christmas period, helped by record trading in the last two weeks of December. House of Fraser also said that Black Friday sales rose 2.7 percent compared to last year, with online business accounting for around 41 percent of total sales...

  • HONG KONG, Jan 10- China's Alibaba Group Holding Ltd is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd in a move to digitize brick-and-mortar department stores while growth in online sales begins to slow. Alibaba Investment Ltd and Intime founder Shen Guojun have offered HK $10 per Intime share- 42.25 percent over the HK $7.03 price when...

  • Jan 6- Neiman Marcus Group LLC said on Friday it would withdraw its initial public offering, nearly two years after the upscale department store chain filed its intent with U.S. regulators to go public, as it grapples with weaker customer demand. Neiman Marcus, which also operates the Bergdorf Goodman and MyTheresa brands, was acquired by private equity firm Ares...

  • Wal-Mart's Sam's Club CEO to step down

    The chief executive of Sam's Club will leave the company next month after five years in the role.

  • CHICAGO, Jan 5- Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery. Disappointing sales at Macy's Inc and Kohl's Corp, coupled with store closures and layoffs, triggered a selloff in retail stocks this week.

  • CHICAGO, Jan 5- Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery. Disappointing sales at Macy's Inc and Kohl's Corp, coupled with store closures and layoffs, triggered a selloff in retail stocks this week.

  • Jan 5- Disappointing holiday-season sales at Macy's Inc and Kohl's Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel. Macy's shares fell as much as 14 percent on Thursday, their biggest percentage drop in seven months. Macy's, known the world over for its...

  • Jan 5- Struggling retailer Sears Holdings Corp said on Thursday its comparable sales for November and December fell by 12-13 percent, the latest department store operator to report disappointing sales during the holiday shopping season. The company's shares rose 6.1 percent, however, after its earlier announcement that it would sell its Craftsman tools...

  • Jan 4- Department store chains Macy's Inc and Kohl's Corp cut their profit forecasts for the year on Wednesday, after holiday season sales for both retailers fell more than expected, pushing shares in the retail sector down in extended trading. Macy's shares were down 9.7 percent at $32.37 and Kohl's shares plunged 14.7 percent to $44.25 after hours.

  • Jan 4- Macy's Inc, the biggest U.S. department store operator, cut its 2016 adjusted profit forecast, largely due to weak holiday season sales. The company's shares were down 8.9 percent at $32.63 in extended trading on Wednesday. Macy's cut its adjusted profit forecast for the year ending Jan. 30 to $2.95- $3.10 per share from $3.15- $3.40 per share it previously...