Multiline Retail Department Stores

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  • *Dow component Cisco falls after weak growth forecast. *Nordstrom sinks on full-year forecast cut. Department store chains Macy's and Nordstrom have both reported disappointing results and lowered their full-year forecasts in the past two days.

  • Nov 13- Department store operator J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores. J.C. Penney's net loss narrowed to $137 million, or 45 cents per share, in the third quarter ended Oct. 31, from $188 million, or 62 cents per...

  • J.C. Penney quarterly sales rise 5 pct Friday, 13 Nov 2015 | 7:35 AM ET

    Nov 13- J.C. Penney Co Inc reported a 4.8 percent rise in quarterly net sales, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores. The department store operator's net loss narrowed to $137 million, or 45 cents per share, in the third quarter ended Oct. 31, from $188 million, or 62 cents per share, a year earlier.

  • Nov 13- Slumping same-store sales at upscale U.S. department store operator Nordstrom Inc could point to more than a glut in retailers' inventories, not just a longer-than-usual spell of warm weather and fewer spendthrift tourists. Trouble at Nordstrom- seen as head-and-shoulder above rivals such as Macy's Inc and cheaper retailers including Kohl's Corp in...

  • Nov 12- Department store operator Nordstrom Inc on Thursday followed Macy's Inc in cutting its full-year forecast, bringing back into sharp focus concerns of a slowdown in the retail sector. Shares of Nordstrom fell 20.5 percent to $50.46 in after-hours trading, their lowest since March 2013. Nordstrom did not specify a reason for disappointing results and...

  • Nov 12- Department store operator Nordstrom Inc on Thursday joined Macy's Inc in cutting its 2015 profit forecast, raising concerns about a slowdown in the retail sector. Nordstrom's shares fell 18.5 percent to $51.7 in extended trading. Nordstrom cut its adjusted profit forecast for the year to $3.30- $3.40 per share from $3.85- $3.95.

  • Nordstrom's same-store sales growth misses estimates Thursday, 12 Nov 2015 | 4:36 PM ET

    Nov 12- Upscale department store operator Nordstrom Inc reported smaller-than-expected comparable sales growth, sending its shares down 15 percent in after-market trading. Revenue rose 6.5 percent to $3.24 billion. The company said net income fell to $81 million, or 42 cents per share, from $142 million, or 73 cents per share, a year earlier.

  • Nov 12- Department store operator Kohl's Corp reported better-than-expected quarterly net sales and profit on Thursday due to strong back-to-school sales, a day after Macy's full-year forecast cut raised concerns about the sector's performance. Kohl's shares, which fell to a two-year low on Wednesday, rose as much as 9.5 percent to $47.24, boosting shares of...

  • *Third-qtr adj. profit $0.75/ share vs est $0.69. Nov 12- Department store operator Kohl's Corp reported better-than-expected quarterly net sales and profit, helped by strong back-to-school sales, sending its shares up as much as 11 percent in premarket trading on Thursday. A surprise drop in comparable sales in the quarter at rival Macy's Inc had set alarm bells...

  • Nov 12- Department store operator Kohl's Corp reported better-than-expected quarterly net sales, helped by strong back-to-school sales, sending the company's shares up 11 percent in premarket trading on Thursday. A surprise drop in comparable sales in the quarter at rival Macy's Inc had set alarm bells ringing in the department store industry and hit...

  • Kohl's quarterly profit drops 15.5 pct Thursday, 12 Nov 2015 | 7:06 AM ET

    Nov 12- Department store operator Kohl's Corp reported a 15.5 percent drop in quarterly profit as warmer-than-usual weather hurt sales of winter apparel and footwear. The company's net income fell to $120 million, or 63 cents per share, in the third quarter ended Oct. 31, from $142 million, or 70 cents per share, a year earlier. Net sales rose 1.2 percent to $4.43...

  • Nov 11- Mounting inventory at Macy's Inc portends a tough holiday quarter for U.S. department store operators as they compete with home improvement and electronics retailers for the attention of thrifty customers. A surprise drop in comparable sales for Macy's set alarm bells ringing in the department store industry, sending shares of Kohl's Corp, J.C. Penney...

  • UPDATE 3-Macy's says no to REIT, cuts full-year forecast Wednesday, 11 Nov 2015 | 11:04 AM ET

    Nov 11- Department store operator Macy's Inc cut its full-year sales and profit forecasts on Wednesday and said it would not follow an activist investor's suggestion to form a real estate investment trust, sending its shares down nearly 13 percent. Starboard Value had urged Macy's in July to consider spinning off its real estate assets, valuing them at about...

  • UPDATE 1-Debenhams CEO Sharp to step down in 2016 Thursday, 22 Oct 2015 | 2:43 AM ET

    LONDON, Oct 22- Debenhams, Britain's second largest department store group, said its Chief Executive Michael Sharp would step down sometime next year following media reports that investors wanted a change at the top of the company. The retailer said Sharp, who has worked for Debenhams or its predecessor, the Burton Group, for 30 years and became CEO in September...

  • Oct 12- Kohl's Corp said on Monday it will offer same-day delivery services in six more U.S. cities, taking a leaf out of Macy's Inc's book, as department stores aim to make online shopping more appealing ahead of the holiday season. Kohl's said it would offer same-day deliveries in Boston, Brooklyn/ Queens, Los Angeles, Miami, Northern New Jersey, and Philadelphia in...

  • Oct 2- J.C. Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its $5 billion U.S. pension obligation by up to 35 percent. The department store operator said about 12,000 retirees and surviving beneficiaries of the company's qualified pension plan had...

  • JOHANNESBURG, Sept 30- South Africa's Woolworths Holdings said on Wednesday it has tapped a Marks& Spencer veteran to head David Jones, its Australian department store chain, where it aims to boost food sales. Woolworths wants to improve its food business in Australia, and in a statement on Wednesday credited Dixon, who joined Marks& Spencer in 1986, with the...

  • Retailers get ready: Primark is on the move Thursday, 24 Sep 2015 | 8:06 AM ET
    The new Primark store at Downtown Crossing in Boston on Sept. 8, 2015.

    Here's how fast-fashion retailer Primark could change the game for U.S. retailers.

  • Sept 21- Department store chain Macy's Inc plans to hire 85,000 temporary workers in the United States for the holiday shopping season, down from 86,000 last year. Macy's said on Monday that about 12,000 positions would be based in direct-to-consumer fulfillment facilities in areas such as Arizona, Oklahoma and Connecticut. Macy's shares were little changed...

  • Sept 16- Department store operator Kohl's Corp said on Wednesday it would hire an extra 69,000 workers for the holiday selling season, about 3 percent more than last year. Retailers make nearly a third of their annual sales and generate nearly 40 percent of their profits during the selling season that starts a day after Thanksgiving and continues into early...