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Multiline Retail Department Stores


  • Feb 19- Upscale department store operator Nordstrom Inc reported a lower-than-expected quarterly profit as it spent more on technology upgrades and store expansion, and increased discounts at its Rack brand stores in the holiday shopping season. Nordstrom also forecast a bigger loss for its Canada business in 2015 as it continues its expansion with store...

  • Nordstrom profit falls 5 pct as expenses increase Thursday, 19 Feb 2015 | 4:21 PM ET

    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 CEO: Pay hike will boost morale Thursday, 19 Feb 2015 | 2:40 PM ET
    An employee rings up sales at a cash register of a Walmart store in Los Angeles.

    Wal-Mart is raising wages because worker pride is vital to running a good retail business, CEO Doug McMillion tells CNBC.

  • UPDATE 1-Macy's 2014 profit estimate tops forecast Tuesday, 3 Feb 2015 | 5:13 PM ET

    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...

  • Macy's full-year profit estimate tops forecast Tuesday, 3 Feb 2015 | 4:15 PM ET

    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.

  • Stores shouldn't open on T'gving: Toys R Us ex-CEO Wednesday, 26 Nov 2014 | 9:51 AM ET
    A customer pays for his items at Toys'R'Us in Times Square on November 28, 2013 in New York City.

    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 profit and revenue fall short of estimates Thursday, 13 Nov 2014 | 7:11 AM ET
    A woman shops at a Kohl's department store on Thursday in Alhambra, Calif.

    Kohl's third quarter earnings and revenue fell short of analyst expectations on Thursday.

  • JC Penney revenue misses expectations Wednesday, 12 Nov 2014 | 4:05 PM ET
    File photo: A customer shopping for apparel at a J.C. Penney Co. store inside the Glendale Galleria shopping center in Glendale, California,

    J.C. Penney's third-quarter sales fell shy of analyst estimates on Wednesday.

  • US department store pulls offensive holiday decor Tuesday, 11 Nov 2014 | 8:01 PM ET
    Dillard's department store.

    A Florida Dillards faced backlash after placing an inapporpriate holiday decoration sign in its children's department.

  • Stronger growth in US chain store sales figures: Pro Tuesday, 8 Jul 2014 | 5:30 AM ET
    Stronger growth in US chain store sales figures: Pro

    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.

  • JC Penney's plan: Out with the new, in with the old Thursday, 12 Dec 2013 | 2:03 PM ET

    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.

  • Cramer: Off life-support, now rehab for retailer Wednesday, 20 Nov 2013 | 10:42 AM ET

    Department store chain J.C. Penney becomes "just another retailer" after third-quarter earnings, CNBC's Jim Cramer said.

  • Struggling JC Penney catches a break; Stock soars Friday, 1 Nov 2013 | 4:54 PM ET

    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 plunge 15% to near 13-year low Wednesday, 25 Sep 2013 | 5:14 PM ET

    JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.

  • A close look at the 'Ackman TV trade': Widlitz Friday, 9 Aug 2013 | 11:49 AM ET
    Bill Ackman

    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.

  • Lessons to watch for in Wal-Mart, Macy's earnings Thursday, 8 Aug 2013 | 2:11 PM ET

    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.

  • Here Are Retail Stocks Worth Shopping For: Pro Monday, 15 Apr 2013 | 1:17 PM ET
    Shoppers walk towards a Home Depot store in Silver Spring, Maryland.

    Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.

  • Should You Play JC Penney for a Bounce? Friday, 12 Apr 2013 | 1:51 PM ET

    Is the worst finally over for beleaguered department store JC Penney?

  • Avoiding Holiday Package Theft Friday, 16 Nov 2012 | 4:51 PM ET
    Avoiding Holiday Package Theft

    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.

  • Cramer's Top 3 Retail Stocks Tuesday, 17 May 2011 | 6:32 PM ET

    How remodeling has helped boost these companies’ bottom line.