Department Stores


  • Oct 13- J.C. Penney Co Inc named Home Depot Inc executive Marvin Ellison as its new chief on Monday, ending an 18- month search but barely allaying investor concerns over problems facing the money-losing department store chain. Ellison, 49, an industry veteran credited with reviving Home Depot's U.S. business, will join J.C. Penney as a board member in November, and...

  • J.C. Penney cuts Q3 same-store sales forecast Wednesday, 8 Oct 2014 | 12:17 PM ET

    Oct 8- Struggling retailer J.C. Penney Co Inc cut its current-quarter same-store sales forecast, citing lower sales in September, sending its shares down sharply. The department store chain said it expected low-single digit percentage growth in same-store sales in the third quarter. J.C. Penney's shares were down 10.6 percent at $8.22 in early afternoon...

  • Macy's to hire 86,000 workers for holiday season Monday, 29 Sep 2014 | 8:42 AM ET

    Sept 29- Department store operator Macy's Inc said it planned to hire about 86,000 workers for the holiday shopping season, up from about 83,000 last year.

  • BERLIN, Sept 25- A gigantic German department store, rebuilt in the heart of Berlin on the rubble of a shopping centre seized by the Nazis, was opened on Thursday with a ceremony paying tribute to its original Jewish owners.

  • Sept 17- Department store operator Kohl's Corp said it is hiring more than 67,000 workers for the holiday selling season, about 34 percent more than what it recruited last season. The Menomonee Falls, Wisconsin- based retailer had hired about 50,000 seasonal employees for the 2013 holiday season.

  • Sept 12- Canadian department store operator Hudson's Bay Co reported an 87 percent jump in sales and a much smaller loss, helped by its purchase of U.S. luxury chain Saks Inc last year. Hudson's Bay acquired Saks for $2.4 billion last year to revive big-name department stores.

  • Sears posts loss for ninth straight quarter Thursday, 21 Aug 2014 | 6:22 AM ET

    Aug 21- Sears Holdings Corp, owner of Sears department stores and Kmart discount chain, reported its ninth straight quarterly loss as sales continued their decade-long fall. Loss attributable to shareholders widened to $573 million, or $5.39 per share, in the second quarter ended Aug. 2 from $194 million, or $1.83 per share, a year earlier.

  • UPDATE 1-Sears Canada reports loss, revenue slides 12 pct Wednesday, 20 Aug 2014 | 8:08 AM ET

    Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.

  • 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.