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Multiline Retail Department Stores

  • CHICAGO/ NEW YORK, June 8- Nordstrom Inc's founding family could face a drawn-out search for backers to help it take the retailer private as investors shy away from brick-and-mortar department stores under assault from Amazon.com Inc and other online competitors. Any plan to go private would likely require the company to raise as much as $4.5 billion in...

  • Shares of the Seattle- based company jumped as much 18 percent in their biggest intraday percentage gain since February 2009. It now has a market value of about $7.4 billion. In a filing with the U.S. Securities and Exchange Commission, the department store operator said the group formed to consider going private had not yet made a formal proposal.

  • Jim Cramer

    A private Nordstrom would allow more spending to keep up with Amazon without getting killed by the investment community, Jim Cramer says.

  • June 8- Department store operator Nordstrom Inc said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private as it struggles with an industry-wide slowdown in sales. Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, jumped as much 18 percent in their...

  • June 8- Department store operator Nordstrom Inc said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private. Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, rose 16.5 percent in premarket trading. The company, however, said the group had not made a formal...

  • TORONTO, June 7- Canadian department store operator Hudson's Bay Co has not yet applied for a Montreal city permit to transform a historic downtown property into a Saks Fifth Avenue store, a government official said on Wednesday, raising prospects the luxury chain could miss its targeted fall 2018 launch. The retailer, which reports first quarter results on...

  • HONG KONG, June 7- New World Department Store China Ltd said its parent firm plans to take it private for HK $934.5 million, so that it can better tackle a challenging operating environment and take risks in implementing strategy. Property developer New World Development Co Ltd, which owns 72.29 percent of New World Department Store, is offering HK $2 apiece for...

  • CHICAGO, June 6- Macy's Inc margins could end the year as much as 80 basis points lower than in 2016, Chief Financial Officer Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows, and also pressured other retail stocks. Macy's, an American retail icon that also owns luxury chain Bloomingdale's, has...

  • A sneak peak inside New York City's first Amazon bookstore

    Amazon's first New York City bookstore, Amazon Books, will open on Thursday morning, marking Amazon's highest-profile move into bricks-and-mortar retail to date. CNBC visits the store to see what it's like.

  • Retail Analyst: Customers actually still like stores

    Stacey Widlitz, SW Retail Advisors president, and Oliver Chen, Cowen and Company senior retail analyst, weigh in on the competition in the retail industry and what lies ahead.

  • Gwyneth Paltrow attends a Goop pop-up store in 2014.

    Expect to see more high-brow wellness products and Southern flair at Nordstrom, Racked reports.

  • Amazon.com founder and CEO Jeff Bezos

    Simeon Siegel, Nomura U.S. specialty retail equity analyst, and Michael Olson, Piper Jaffray senior research analyst, weigh in on how retail is under pressure and Amazon's dominance in the space versus other retailers.

  • *Oil hit a three-week high after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. *Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over department stores.

  • Death of the department store?

    Allen Questrom, JCPenney former Chairman & CEO weighs in on how department stores have to compel more customers and millennials to shop.

  • May 12- Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores. Risk-averse sentiment gripped Wall Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay Trump's pro-growth goals to cut...

  • May 12- The S&P 500 and the Dow slipped on Friday as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores.

  • May 12- Wall Street fell on Friday and was on track to end the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores. A risk-off sentiment gripped Wall Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay Trump's pro-growth...

  • Shoppers selecting plywood in a Home Depot store in Miami.

    Though these are trying times for many of the American retailers, but some sectors are thriving.

  • A Sears store about to close in the Bronx, New York.

    The retail sector is facing its worst performance since the Great Recession — an alarm for smaller shops, NBC News reports.

  • Retail business model is broken: RBC Capital Markets

    Brian Tunick, RBC Capital Markets managing director, and Jharonne Martis, Thomson Reuters director of research, discuss the pressures facing the retail sector.