Multiline Retail Department Stores

  • *2nd- qtr adjusted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • *2nd- qtr adjuted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • Penney Co Inc reported a smaller-than-expected quarterly loss on Friday, helped by demand for home goods and footwear and a strong performance by the Sephora beauty products shops in its stores. The department store operator joined Macy's Inc and Kohl's Corp in reporting better-than-expected results, although expectations were low for all three.

  • Stocks to Watch: August 12, 2016

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

  • Aug 11- All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. It was the first time since Dec. 31, 1999 that the S&P 500, Dow Jones industrial average and Nasdaq had closed at record highs on the same day,...

  • *Macy's, Kohl's top percentage gainers on S&P 500 index. Aug 11- Wall Street stocks ended at record highs on Thursday as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped as much as 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the...

  • Aug 11- Department store operator Nordstrom Inc reported better-than-expected quarterly comparable store sales, helped by higher sales during its anniversary sale and at its off-price Rack business. Nordstrom shares were up nearly 12 percent in extended trading. Net income fell to $117 million, or 67 cents per share, in the second quarter ended July 30, from...

  • *Macy's, Kohl's top pct gainers on S&P 500 index. Aug 11- Wall Street stocks hit fresh record highs on Thursday as rising oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the International Energy...

  • *Macy's, Kohl's top pct gainers on S&P 500. Aug 11- The Dow touched a record intraday high on Thursday afternoon as strong results from department store chains and a surge in oil prices buoyed investor sentiment about economic growth. Oil prices jumped 5 percent on comments from the Saudi oil minister about possible action to stabilize prices and the...

  • 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.

  • *Weekly jobless claims fall to 266,000 from 269,000. Aug 11- U.S. stock indexes came at shouting distance from their record highs as strong results from department store chains and robust labor market data buoyed investor sentiment about economic growth. Oil prices rose nearly 2 percent, supporting the rally, after the International Energy Agency forecast...

  • *Weekly jobless claims fall to 266,000 from 269,000. *Department store stocks soar on Kohl's, Macy's results. Aug 11- Wall Street rose sharply on Thursday morning as strong labor market data and upbeat corporate results buoyed investor sentiment about U.S. economic growth.

  • Aug 11- Kohl's Corp reported a higher-than-expected quarterly profit, helped by better inventory management and warm weather that boosted sales of summer clothes and accessories. The department store chain's shares rose 9 percent to $41.50 in premarket trading on Thursday. The company said on Thursday its inventory management initiatives helped boost...

  • Aug 11- Kohl's Corp reported better-than-expected quarterly profit, helped by better control over inventories and warm weather that boosted sales of summer clothes and accessories. The department store chain's shares rose almost 8 percent to $40.26 in premarket trading on Thursday. Kohl's net income rose to $140 million, or 77 cents per share, in the second...

  • Aug 11- Kohl's Corp reported quarterly sales above analysts' estimates as warm weather in the quarter boosted demand for summer clothes and accessories. The department store chain's net income rose to $140 million, or 77 cents per share, in the second quarter ended July 30, from $130 million, or 66 cents per share, a year earlier. Net sales fell 2 percent to $4.18...

  • 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?

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. Sales in Kors' wholesale business, which supplies to department store operators including Macy's Inc and Neiman Marcus, declined 7...

  • 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.

  • LONDON, Aug 9- British retailer John Lewis on Tuesday reported a 7.3 percent jump in year-on-year sales at its department store chain for the week to Aug. 6, as customers bought new cameras and wireless headphones for use on their holidays. As the only British retailer to publish weekly sales data, John Lewis provides the most up-to-date snapshot of shopping...

  • MEXICO CITY, Aug 5- Total sales from Mexico's major retail stores will likely surpass earlier estimates of nearly 7 percent growth this year, in large part due to abundant liquidity in the economy, the head of retailers association ANTAD said in an interview on Friday. ANTAD includes retail chains Walmex and Soriana as well as other department stores operating...