×

Multiline Retail Department Stores

  • Nov 2- Cosmetics maker Estee Lauder Cos Inc reported lower-than-expected quarterly sales on Wednesday as fewer shoppers visited department stores in the United States. Estee Lauder, like its peers in the cosmetics industry, has struggled to boost sales in the United States as customers increasingly spend more on big-ticket items such as cars and...

  • Nov 2- Cosmetics maker Estee Lauder Cos Inc reported lower-than-expected quarterly sales on Wednesday as fewer customers visited department stores in the United States. Sales in the Americas, accounting for more than 40 percent of net sales, fell 2.8 percent to $1.23 billion, hurt by a decline in mall traffic and lower tourist spending in its M.A.C stores, the...

  • Oct 24- Department store operator Nordstrom Inc said it would hire about 11,400 temporary employees for the holiday shopping season, about 3 percent fewer than last year. The company said about 9,500 temporary employees will be hired in sales and stock positions at its 123 Nordstrom stores in the United States and Canada and 213 Nordstrom Rack stores in the...

  • NEW YORK, Oct 21- The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit. Wells Fargo estimates that about $38 billion of these loans were taken out by retailers, bundled into commercial...

  • BANGKOK, Oct 19- Thais are crowding shopping malls and department stores to stock up on black clothes, as they begin a year of mourning for beloved King Bhumibol Adulaydej that could end up dampening consumption in Southeast Asia's second-biggest economy. The rush on retail outlets such Japan's Uniqlo, Tesco Lotus and BigC is in sharp contrast to thinning...

  • Sadove: Consumers pretty healthy

    Steve Sadove, Former Saks Chairman & CEO, discusses consumer sentiment ahead of the holiday season and what department stores should be doing to take on e-commerce.

  • Sept 20- U.S. retailers are taking a cautious view of the holiday selling season this year- if their temporary hiring plans are anything to go by. Macy's Inc, which operates the namesake Macy's and Bloomingdale's department store chains, said on Tuesday it would hire 83,000 temporary workers for the holiday quarter, a 2 percent decline from last year.

  • Sept 20- Macy's Inc said it would hire about 83,000 temporary workers for the holiday quarter, the third major retailer after Kohl's and Target to keep seasonal hiring largely unchanged from last year. Macy's, which operates the namesake Macy's and Bloomingdale's department store chains, had hired 85,000 temporary workers for last year's holiday shopping...

  • Aug 25- Sears Holdings Corp posted a net loss due to lower sales of home appliances and apparel, and the company said it accepted debt financing of $300 million from Chief Executive Edward Lampert's hedge fund, ESL Investments. The owner of the Sears department store and Kmart discount store chains reported a 5.2 percent drop in comparable store sales for the...

  • Retail: Bricks vs. clicks

    Jan Kniffen, J. Rogers Kniffen Worldwide Enterprises CEO, and Daniel Binder, Jefferies & Co. Senior Equity Research Analyst & Managing Director, discuss the health of retailers as malls and online shopping go head to head.

  • Moving out of the malls?

    CNBC's Courtney Reagan reports the latest on the health of retailers in malls.

  • Stocks to Watch: August 12, 2016

    JC Penney, Nordstrom and Gap are making headlines this Friday morning before the opening bell.

  • CNBC Pro: Macy's Terry Lundgren

    Macy's CEO Terry Lundgren discusses on CNBC the department store's better-than-expected earnings report, the state of the consumer and store closures.

  • World Trade Center site in the Manhattan borough of New York

    Fifteen years after 9/11 the downtown has completely transformed, but is there enough demand for a huge retail complex?

  • Coach to exit 250 department stores

    The luxury goods maker has a plan to restore its upscale aura by scaling back its inventory in highly promotional shops.

  • Kate Spade bags on sale at Macy's in New York.

    Sellers should revise inventory strategy and avoid relying so much on department stores, said some analysts on CNBC's "Power Lunch."

  • Allen Questrom

    The narrative that "everybody shops online so who needs physical stores" is dangerous to retailing, former department store exec Allen Questrom warns.

  • Walmart tops, shares surge

    Michael Lasser, UBS analyst and Daniel Binder, Jefferies analyst discuss Wal-Mart's sales after the company reported strong earnings and better U.S. sales.

  • Merchants of debt

    Larry McDonald, ACG Analytics head of global macro strategy, discusses the retail space.

  • These co-founders want to solve retails problem

    Hillary Kerr and Katherine Power, Co-founders of Clique Media Group, discuss how to improve the retail space and how to improve the experience for millennials.