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Department Stores

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  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Rival Macy's Inc said on Wednesday that first-quarter profit and sales were hurt by fewer customer visits due to unusually cold weather in February. Kohl's net income rose to $127 million, or 63...

  • May 14- Department store operator Kohl's Corp reported lower-than-expected quarterly same-store sales, hurt by colder-than-usual weather in February. The company's shares fell 4.7 percent to $71 in premarket trading on Thursday. The company's net income rose to $127 million, or 63 cents per share, from $125 million, or 60 cents per share, a year earlier.

  • May 13- Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods. The company posted a loss of $167 million, or 55 cents per share, in the first quarter ended May 2, compared with a net loss of $352 million, or $1.15 per share, a year...

  • Macy's quarterly profit falls 14 pct Wednesday, 13 May 2015 | 8:12 AM ET

    May 13- Macy's Inc reported a 14 percent drop in quarterly profit, hurt by lower foreign tourist spending in the United States, colder-than-usual weather in February and disruptions at West Coast ports. The department store operator's net income fell to $193 million, or 56 cents per share, in the first quarter ended May 2 from $224 million, or 60 cents per share, a...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • Apple Watch goes on sale worldwide amid supply shortage Thursday, 23 Apr 2015 | 5:04 PM ET

    SAN FRANCISCO, April 23- The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders. Buyers can take the smart watch home from a handful of upscale boutiques and department stores, such as The Corner in...

  • April 14- Department store chain J.C. Penney Co Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. J.C. Penney said it expected same-store sales to rise by about 3.5-4.5 percent in the first quarter, after adjusting for Easter falling in March this year. The company's shares fell 3...

  • April 14- J.C. Penney Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. The executive's email to the analyst said that J.C. Penney's same-store sales had risen about 6 percent in the period, the department store chain said in a regulatory filing on Tuesday. J.C. Penney said it expected...

  • UPDATE 1-Brazil tycoon Diniz raises Carrefour stake Thursday, 9 Apr 2015 | 12:11 PM ET

    PARIS, April 9- Brazilian billionaire Abilio Diniz has raised his stake in French retailer Carrefour to 5.07 percent from 2.4 percent, becoming its fourth-largest shareholder, Peninsula Participacoes, the investment vehicle overseeing Diniz's fortune, said. The Moulin Family, the owner of French department store Galeries Lafayette, is Carrefour's top...

  • HBC, whose roots in Canada date back to 1670, also owns U.S. department store chain Lord& Taylor, Hudson's Bay department stores in Canada, and Canadian house wares chain Home Outfitters. Earlier this year, HBC said it was forming two real estate joint ventures- one with U.S.-based Simon Property Group Inc and one with Canada's RioCan Real Estate Investment Trust-...

  • MOSCOW, March 26- Tesco Plc's F&F clothing brand will open its first outlets in Russia in the capital Moscow in June, a local partner of retailing businesses said on Thursday. Debruss, which is the Russian franchise operator for British department store group Debenhams Plc, said it would open two F&F outlets in June, followed by one more in August, in Moscow shopping...

  • LONDON, March 12- Britain's John Lewis Partnership posted a 9 percent fall in underlying profit on Thursday after an industry price war hit its Waitrose supermarket business, forcing it to cut its staff bonus payout for a second straight year. The 150- year-old employee-owned group, which runs Britain's biggest department store chain as well as its sixth...

  • JAKARTA, March 4- Selling goods online may only rely on a few mouse clicks, but in Indonesia, delivering purchases to dozens of islands via creaky ports and potholed roads is the logistical challenge Lippo Group faces when its department store opens in cyberspace this month. Lippo, the biggest shareholder of No. 1 retailer PT Matahari Department Store Tbk, is...

  • Feb 26- Shares of department store chain J.C. Penney Co Inc tumbled 12 percent in after-hours trade on Thursday after it posted a surprise quarterly loss and forecast small margin improvements this year. J.C. Penney said sales at stores open more than a year rose 4.4 percent in the holiday quarter, the high end of its guidance for 3.5 to 4.5 percent growth, driven by...

  • Feb 26- Department store chain J.C. Penney Co Inc reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. J.C. Penney posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share, a year earlier.

  • Feb 26- Department store chain J.C. Penney Co Inc reported a 3 percent rise in quarterly sales as demand for household goods, apparel and jewelry increased during the holiday shopping season. The company posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share a year earlier.

  • For Macy's, going downmarket looks like the way ahead Thursday, 26 Feb 2015 | 1:03 PM ET

    Feb 26- Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States. Since so many peoples' salaries are off-price they also need to shop that way, "said Robert Brusca, chief economist at consulting firm Fact...

  • UPDATE 2-Kohl's forecasts full-year sales above estimates Thursday, 26 Feb 2015 | 10:46 AM ET

    Feb 26- Department store operator Kohl's Corp forecast full-year revenue above analysts' expectations and reported higher-than-expected quarterly profit and sales, helped by demand for apparel and accessories in the holiday shopping season. Shares of Kohl's, which also said it would buy back $1 billion of shares this fiscal year, rose 3 percent to an over...

  • Department store operator Kohl's profit rises 10.5 pct Thursday, 26 Feb 2015 | 7:08 AM ET

    Feb 26- Department store operator Kohl's Corp reported a 10.5 percent rise in quarterly profit, helped by higher sales of apparel and accessories in the holiday shopping season. The company's net income rose to $369 million, or $1.83 per share, in the fourth quarter ended Jan. 31 from $334 million, or $1.56 per share, a year earlier. Net sales rose 4 percent to $6.34...