Kohl's Corp. fell$. 43 or. 8 percent, to $54.97. Macy's Inc. fell$. 43 or. 8 percent, to $51.65. Nordstrom fell$. 42 or. 7 percent, to $60.37.» Read More
Nov 19- Struggling department store chain Sears Canada Inc reported a wider quarterly loss as it took one-time charges of C $42.8 million related to restructuring and asset impairment. Net loss widened to C $48.8 million, or 48 Canadian cents per share, in the third quarter, from C $21.9 million, or 22 Canadian cents per share, a year earlier.
Hedge funds Highfields Capital, Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator, and Glenview Capital, already a big owner, added to its holdings.
Hedge funds Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator. Barry Rosenstein's Jana Partners and Farallon, founded by Tom Steyer, each bought 500,000 shares in the Plano, Texas- based company during the quarter, regulatory filings made with the Securities and Exchange Commission on Thursday show.
*Cuts full-year earnings forecast to $4.08- $4.23/ share from $4.15- $4.35. Nov 14- Department store chain Kohl's Corp cut its full-year earnings forecast after reporting lower-than-expected quarterly results as fewer customers visited its stores, leading to a surprise fall in same-store sales.
*Cuts FY earnings/share view to $4.08- $4.23 from $4.15- $4.35. Nov 14- Department store chain Kohl's Corp cut its full-year earnings forecast after reporting weaker-than-expected third-quarter results due to a surprise fall in same-store sales. The company cut its full year earnings forecast to $4.08- $4.23 per share from $4.15- $4.35.
Nov 14- Department store chain Kohl's Corp reported weaker-than-expected third-quarter results as sales at stores open for more than a year fell 1.6 percent. Net income fell 18 percent to $177 million, or 81 cents per share, from $215 million, or 91 cents per share, a year earlier.
Nov 13- Macy's Inc on Wednesday reported a rebound in sales, helped by more promotions, and the U.S. department store chain said business was improving as the holiday season nears. "We have consciously gone after that opening price point business lately and have been very successful there," Chief Financial Officer Karen Hoguet said on a conference call.
Nov 13- Macy's Inc on Wednesday reported higher-than-expected- quarterly sales and earnings, helped by more promotions and advertising, and the department store chain said business had improved as the quarter progressed.
Nov 13- Macy's Inc on Wednesday reported higher-than-expected third-quarter comparable sales, crediting more intense advertising and business that improved markedly in October. The department store operator said comparable sales rose 3.5 percent, while analysts were expecting them to be up 2.1 percent, according to Thomson Reuters I/B/E/S.
Nov 11- Sears Canada Inc said it would sell its 50 percent stake in eight Canadian properties for about C $315 million, as the struggling department store chain continues to offload real estate in the country.
JC Penny saw its stock price jump Friday after a Wall Street analyst upgraded his sales outlook for the long struggling department store.
Nov 1- J.C. Penney Co Inc shares rose as much as 10.8 percent on Friday after Wall Street firm ITG Investment Research lifted its sales forecast for the department store chain, citing "improving sales trends" in five of the last seven weeks. Penney shares were up 8.7 percent at $8.15 in afternoon trading and rose as high as $8.31.
Oct 29- Sears Holdings Corp is considering splitting off its Lands' End clothing and Sears Auto Center businesses, after another quarter of declining same-store sales. The company's shares rose 7 percent, as investors assessed the latest attempt by the operator of Sears department stores and the Kmart discount chain to turn around its business.
NEW YORK, Oct 28- J.C. Penney Co Inc told investors for the third time in less than five weeks that sales trends are improving and reaffirmed its forecast calling for positive comparable-store sales results coming out of the third quarter. The comments by Penney CEO Myron Ullman at a conference on Monday boosted the department store chain's shares by 6 percent.
NEW YORK, Oct 28- J.C. Penney Co Inc told investors for the third time in less than five weeks that sales trends are improving and reaffirmed its forecast calling for a rise in same-store sales in the third quarter. The comments by Penney CEO Myron Ullman at a conference on Monday boosted the department store chain's shares by 6 percent.
*Delivery fleet seeks to beat Lagos traffic. BERLIN, Oct 24- The online retailer Jumia, a would-be African Amazon, is betting that it can propel the continent's rising middle class consumers out of the street markets and straight onto its websites, missing out the department stores and shopping malls in between.
Oct 15- A J.C. Penney Co Inc spokeswoman denied a market rumor on Tuesday that the department store chain had hired bankruptcy counsel, as shares slid as much as 8.3 percent. Penney spokeswoman Kristin Kays said there was "no truth to the rumor," origins of which were unclear.
Oct 9- J.C. Penney Co Inc said on Wednesday that departing Saks Inc Chief Executive Stephen Sadove will become a director once he leaves his current job, in the latest change that brings more retail experience to the struggling department store chain's board.
Oct 9- J.C. Penney Co Inc said on Wednesday that Stephen Sadove will join its board of directors once he leaves the helm of department store chain Saks Inc. Sadove plans to leave Saks once it is acquired by Hudson's Bay Co. In August, Sadove declined to comment on whether he would consider becoming Penney's CEO.
Oct 8- Struggling department store operator J.C. Penney Co Inc reported a smaller decline in same-store sales for September, compared to August, and said it was seeing positive signs in many areas of its business.