Multiline Retail Department Stores

  • May 12- Department store operator Nordstrom Inc reported a drop in sales at established stores in the first quarter, adding to the gloom in the department store sector as consumers pull back spending on apparel. The company's net income plunged to $46 million, or 26 cents per share, in the first quarter ended April 30 from $128 million, or 66 cents per share, a year...

  • Death of the shopping mall?

    Marc Halle, Head of Global Real Estate Securites at Prudential Real Estate Investors, discusses the health of malls and the retail sector as well as his REIT outlook.

  • Where is the 'great' American consumer?

    Discussing the state of the retail sector and the health of the American consumer with Nicholas Colas, Convergex Chief Market Strategist; Charles Koppelman, CEO of CAK Entertainment; and CNBC's Steve Liesman.

  • *Reports first drop in net sales in 6 qtrs. May 12- Kohl's Corp became the latest U.S. department store operator to flag a slump in apparel demand, reporting a surprise drop in quarterly comparable sales on Thursday that sent its shares plummeting to a more than seven-year low. That's the simple answer, " Wes McDonald, Kohl's chief financial officer, said on a call with...

  • No relief for department stores

    CNBC's Courtney Reagan reports on retail's crummy quarter.

  • May 12- Department store operator Kohl's Corp reported a surprise drop in comparable sales and the first drop in net sales in six quarters as unseasonably cool weather hurt sales of spring wear amid a slump in demand for apparel. Shares of the company, which is known to be the most weather-sensitive among department store operators, were down 7 percent at $36 in...

  • Macy's and the retail pain

    Rick Snyder, Miller Tabak Senior Retail Analyst, looks at Macy's earnings and the other retail players hurting in the space.

  • A shopper at a Kohl's store in Jersey City, NJ.

    Michael Gould, Former Bloomingdale's CEO, and Mark Cohen, Former Sears Canada CEO, discuss the retail sector and what consumers are actually spending their money on.

  • May 11- Macy's Inc reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores' uphill struggle against slumping demand for apparel. Macy's forecast cut reflects increased pessimism on the consumer's willingness to shop for apparel and accessories over the balance of the year,...

  • May 11- U.S. stocks fell on Wednesday as weak earnings reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector. Disney shares were down 4.5 percent at $101.82 after the company posted a rare earnings miss. Department store chain Macy's tumbled 12 percent to $32.58, while Fossil sank as much as 34 percent to a six-and-a-half year low of...

  • May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates again, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. Shares of Macy's, which also slashed its full-year comparable sales and earnings forecasts, fell 12 percent on Wednesday to...

  • *1st- qtr same-store sales down 5.6 pct vs est 3.2 pct. May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. They were set to open at an almost four-year low of $33.76.

  • May 11- Department store operator Macy's Inc reported a 7.4 percent fall in first-quarter sales, the fifth straight quarter of decline, as customers cut back on buying apparel and a strong dollar discourages tourists from spending heavily. Net income attributable to Macy's fell to $116 million, or 37 cents per share, in the quarter ended April 30 from $193...

  • No love for department stores?

    CNBC's Courtney Regan reports on the anxiety surrounding earnings from department store and retail names.

  • Department store slump

    CNBC's Courtney Reagan reports on the troubles facing department stores.

  • SINGAPORE/ BANGKOK, April 29- France's Casino Group has agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, the retailer said on Friday confirming an earlier Reuters story. Central Group, controlled by business family Chirathivat with interests in real estate, department stores and retailing, beat rival Thai...

  • LONDON, April 25- British department stores group BHS was placed into administration on Monday, putting the 88- year-old retailer in danger of disappearing from the high street and placing 11,000 jobs at risk. Going into administration, a form of creditor protection, means it is Britain's most high-profile retail casualty since Phones4U in 2014 and...

  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting the 88- year-old retailer in danger of disappearing from the high street and placing 11,000 jobs at risk. Going into administration, a form of creditor protection, means it is Britain's most high profile retail casualty since Phones4U in September 2014.

  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting about 11,000 jobs at risk. Philip Duffy and Benjamin Wiles, managing directors of Duff& Phelps, have been appointed joint administrators, the restructuring firm said. Its placing into administration, a form of creditor protection, means it is Britain's most...

  • Sears shuttering more stores

    The department store chain will close 68 Kmart locations and 10 Sears stores in late July.