NEW YORK— JD.com, China's largest online direct retailer, is launching a new channel to sell U.S. goods on its site. JD.com operates like a department store, buying goods from suppliers and re-selling them on its site. DHL will handle delivery logistics for JD.com' s U.S. Mall as the appetite for U.S. goods explodes.» Read More
Feb 19- Upscale department store operator Nordstrom Inc reported a 5 percent fall in quarterly profit as selling, general and administrative expenses increased 14 percent. Nordstrom's net income fell to $255 million, or $1.32 per share, in the fourth quarter ended Jan. 31, from $268 million, or $1.37 per share, a year earlier. Net sales rose 9 percent to $3.94 billion.
Wal-Mart is raising wages because worker pride is vital to running a good retail business, CEO Doug McMillion tells CNBC.
Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit to be higher than its previous forecast and said it would buy luxury beauty and spa services retailer Bluemercury Inc for $210 million. Jeff Gennette will relinquish his responsibilities as Macy's chief merchandising officer and will be succeeded by Timothy Baxter, who was the...
Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit of $4.35- $4.37 per share, higher than its previous forecast of $4.25- $4.35 per share.
Former Toys R Us chief Jon Eyler talks turkey, saying it doesn't make sense on moral or economic grounds for stores to be open on Thanksgiving.
Kohl's third quarter earnings and revenue fell short of analyst expectations on Thursday.
J.C. Penney's third-quarter sales fell shy of analyst estimates on Wednesday.
A Florida Dillards faced backlash after placing an inapporpriate holiday decoration sign in its children's department.
Stronger growth in U.S. chain store sales is proof of robust consumer spending in the U.S., says Jharonne Martis, director of research at Thomson Reuters.
After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.
Department store chain J.C. Penney becomes "just another retailer" after third-quarter earnings, CNBC's Jim Cramer said.
JC Penny saw its stock price jump Friday after a Wall Street analyst upgraded his sales outlook for the long struggling department store.
JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
If you have followed the J.C. Penney's media soap opera, you know the "Bill Ackman TV trade" is a losing one, said retail analyst Stacey Widlitz.
Investors will be scanning retail earnings reports, due out over the next few weeks, for the lessons they hold about the back-to-school shopping season, the second-busiest retail period.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
Is the worst finally over for beleaguered department store JC Penney?
Online shopping offers a safe and comfortable respite from unruly crowds, but many people who have gifts shipped to them have the packages left at their doorsteps, and these parcels prove irresistible to thieves.
How remodeling has helped boost these companies’ bottom line.