Multiline Retail Department Stores

  • June 23- Macy's Inc said Terry Lundgren will step down as CEO in the first quarter of 2017, as part of the struggling department store operator's plans to revamp its business and improve sales. Lundgren, who has been the company's CEO since 2003, will be succeeded by Jeff Gennette, Macy's president. 55- year old Gennette and team are well equipped to continue the...

  • June 8- Canadian department store operator Sears Canada Inc reported a bigger quarterly loss, hurt by a continued drop in sales. The company's net loss in the first quarter ended April 30 widened to C $63.6 million, or 62 Canadian cents per share, from C $59.1 million, or 58 Canadian cents, a year earlier. Revenue fell 14.5 percent to C $595.9 million.

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old chain, threatening over 10,000 jobs and creating huge vacant sites in town centres struggling to cope with changing shopping habits. The failure to find a buyer will likely increase the focus on previous owner, billionaire...

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old chain, threatening more than 10,000 jobs, advisers Duff& Phelps said on Thursday. "Despite the considerable efforts of the administrators and BHS senior management it has not been possible to agree a sale of the business," said...

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old retailer, advisers Duff& Phelps said on Thursday. All 163 stores will hold closing down sales over the coming weeks and 8,000 staff are likely to be laid off. "Despite the considerable efforts of the Administrators and BHS senior...

  • NEW YORK, May 25- After a spate of disappointing quarterly results from big-name retailers, mall real estate investment trusts have come under pressure. "It wouldn't be surprising if high-end malls ended up with two traditional department stores compared to the roughly four traditional department stores currently at most malls," said Cedrik Lachance,...

  • SAN FRANCISCO, May 25- Investors shell-shocked by dismal quarterly reports from department stores will look for new signs of hope for brick-and-mortar retailers on Thursday as discount sellers Dollar General Corp and Dollar Tree Inc hand in their results. Both companies have likely lost less business than department stores to Amazon than because their...

  • 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.

  • CHICAGO, May 18- Target Corp on Wednesday reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel, a major source of revenue for department stores. The Minneapolis- based company's shares dropped 7.4 percent to $68.15 in premarket...

  • What's ahead for malls

    Nate Forbes, Managing Partner at The Forbes Company, discusses the pain in the retail sector and the future of the shopping mall.

  • Retail's rocky road

    Discussing troubling climate in traditional retail and how online shopping is changing the market with Evan Clark, Women's Wear Daily Deputy Managing Editor; Herb Greenberg, Pacific Square Research Partner; and CNBC's Steve Liesman.

  • Why you should be bullish Nordstrom: Analyst

    Ed Yruma, Keybanc Capital Markets, discusses his bullish view on Nordstrom as he remains overweight the stock.

  • May 13- The S&P and Dow were struggling for direction on Friday as investors digested strong April retail sales data that seemed to contradict the gloomy earnings reports by department stores. The U.S. Commerce Department said retail sales jumped 1.3 percent last month, the largest gain since March 2015 and a bigger rise than the 0.8 percent economists were...

  • *1st- qtr comp sales fall 0.4 pct vs est 3.3 pct rise. *Net sales fall 1.6 pct, first drop in 5 qtrs. The Commerce Department said on Friday retail sales jumped 1.3 percent last month, the largest gain since March 2015.

  • Shares of the company, which also reported a surprise drop in comparable sales, fell 13 percent to $6.78 in premarket trading on Friday. Penney's net loss narrowed to $68 million, or 22 cents per share, in the quarter, from $150 million, or 49 cents per share, a year earlier. Analysts on average had expected a loss of 38 cents per share on revenue of $2.92 billion,...

  • May 13- U.S. department store operator J.C. The company's net loss narrowed to $68 million, or 22 cents per share, in the first quarter ended April 30, from $150 million, or 49 cents per share, a year earlier. However, net sales fell 1.6 percent to $2.81 billion.

  • *Kohl's reports first drop in net sales in 6 qtrs. May 12- Kohl's Corp and Nordstrom Inc reported a surprise fall in quarterly comparable sales on Thursday, highlighting the malaise in the department store sector as consumers pull back spending on apparel. "Department stores are struggling because they are based on an outdated business model that relies on...