Multiline Retail Department Stores

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  • *Cisco's forecast drags on tech stocks. Nov 13- U.S. stock indexes fell sharply on Friday, weighed down by a selloff in technology companies after a disappointing forecast from Cisco, while department stores dropped on concerns about the key holiday shopping season. Dow component Cisco fell 6.4 percent after it gave a weak forecast, citing a slowdown in orders and...

  • 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...

  • *Cisco falls after weak forecast. Nov 13- U.S. stocks were lower on Friday after Cisco's disappointing forecast and as weaker-than-expected October retail sales data and forecast cuts by department store chains fueled fears of a slowdown in demand ahead of the key holiday shopping season. Dow component Cisco fell 5.6 percent to $26.27 after it gave a weak...

  • Nov 13- U.S. stocks opened slightly lower on Friday, weighed down by weak October retail sales data and disappointing forecasts from department store chains as well as Cisco. The Dow Jones industrial average fell 37.95 points, or 0.22 percent, to 17,410.12. The S&P 500 lost 5.33 points, or 0.26 percent, to 2,040.64 and the Nasdaq Composite dropped 24.05 points, or...

  • *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...

  • 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.

  • 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...

  • 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...

  • 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...

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    Department store operator Kohl's quarterly same-store sales were hurt by colder-than-usual weather in February.