GO
Loading...

Department Stores

More

  • Sears Canada reports loss, revenue slides 12 pct Wednesday, 20 Aug 2014 | 7:14 AM ET

    Aug 20- Struggling department store chain Sears Canada Inc reported a quarterly loss as sales declined. The company reported a net loss of C $21.3 million, or 21 Canadian cents per share, for the second quarter ended Aug. 2 compared with a profit of C $152.8 million, or C $1.50 per share, a year earlier.

  • Aug 14- Department store chain J.C. Penney reported stronger- than-expected quarterly same-store sales, bucking a trend of disappointing sales from peers such as Wal-Mart Stores Inc and Macy's Inc.. J.C. Penney's shares were up 3.2 percent in extended trading after the company also reported a much smaller second-quarter loss.

  • J.C. Penney sales rise 5 pct Thursday, 14 Aug 2014 | 4:11 PM ET

    Aug 14- Department store chain J.C. Penney Company Inc reported a 5 percent rise in quarterly sales, helped by increased demand for household goods, apparel and jewelry. The company said its loss narrowed to $172 million, or 56 cents per share, in the second quarter ended August 2, from $586 million, or $2.66 per share a year earlier.

  • UPDATE 1-Kohl's profit beats estimates as costs fall Thursday, 14 Aug 2014 | 8:07 AM ET

    Aug 14- Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.

  • Department store chain Kohl's sales fall 1.1 pct Thursday, 14 Aug 2014 | 7:19 AM ET

    Aug 14- Department store chain Kohl's Corp reported a 1.1 percent decline in quarterly sales, largely due to lower traffic at its stores. The company's net sales fell to $4.24 billion in the second quarter from $4.29 billion a year earlier.

  • Macy's Inc quarterly earnings missed analysts' estimates and the department store operator slashed its full-year same-store sales forecast, driving the stock down 5.5 percent to $56.47. Other major retailers, including Wal-Mart Stores Inc, are expected to report results on Thursday. Wal-Mart shares slipped 0.3 percent to $74.03.

  • Aug 4- Michael Kors Holdings Ltd, known for its trendy handbags and watches, said it expects margins to shrink for the year as it invests more to open stores in Europe and increases the number of shops it has in department stores. Michael Kors' shares fell more than 7 percent in early trading.

  • SYDNEY, July 17- An Australian court on Thursday approved the takeover of Australia's David Jones Ltd by South Africa's Woolworths Holdings Ltd, clearing a final hurdle for the $2 billion deal. Shareholders of both companies have already voted in favour of the A $4.00 per share bid for Australia' No.2 department store by sales.

  • Stronger growth in U.S. chain store sales is proof of robust consumer spending in the U.S., says Jharonne Martis, director of research at Thomson Reuters.

  • JC Penney's plan: Out with the new, in with the old Thursday, 12 Dec 2013 | 2:03 PM ET

    After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.

  • Cramer: Off life-support, now rehab for retailer Wednesday, 20 Nov 2013 | 10:42 AM ET

    Department store chain J.C. Penney becomes "just another retailer" after third-quarter earnings, CNBC's Jim Cramer said.

  • Struggling JC Penney catches a break; Stock soars Friday, 1 Nov 2013 | 4:54 PM ET

    JC Penny saw its stock price jump Friday after a Wall Street analyst upgraded his sales outlook for the long struggling department store.

  • JC Penney shares plunge 15% to near 13-year low Wednesday, 25 Sep 2013 | 5:14 PM ET

    JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.

  • A close look at the 'Ackman TV trade': Widlitz Friday, 9 Aug 2013 | 11:49 AM ET
    Bill Ackman

    If you have followed the J.C. Penney's media soap opera, you know the "Bill Ackman TV trade" is a losing one, said retail analyst Stacey Widlitz.

  • Lessons to watch for in Wal-Mart, Macy's earnings Thursday, 8 Aug 2013 | 2:11 PM ET

    Investors will be scanning retail earnings reports, due out over the next few weeks, for the lessons they hold about the back-to-school shopping season, the second-busiest retail period.

  • Here Are Retail Stocks Worth Shopping For: Pro Monday, 15 Apr 2013 | 1:17 PM ET
    Shoppers walk towards a Home Depot store in Silver Spring, Maryland.

    Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.

  • Should You Play JC Penney for a Bounce? Friday, 12 Apr 2013 | 1:51 PM ET

    Is the worst finally over for beleaguered department store JC Penney?

  • Avoiding Holiday Package Theft Friday, 16 Nov 2012 | 4:51 PM ET

    Online shopping offers a safe and comfortable respite from unruly crowds, but many people who have gifts shipped to them have the packages left at their doorsteps, and these parcels prove irresistible to thieves.

  • Cramer's Top 3 Retail Stocks Tuesday, 17 May 2011 | 6:32 PM ET

    How remodeling has helped boost these companies’ bottom line.