Kohl's Corp. rose $1.31 or 1.7 percent, to $76.62. Macy's Inc. rose$. 79 or 1.2 percent, to $64.44. Nordstrom rose$. 29 or. 4 percent, to $80.02.» Read More
J.C. Penney's third-quarter sales fell shy of analyst estimates on Wednesday.
Nov 12- Department store operator Macy's Inc forecast higher same-store sales growth in the holiday quarter as it boosts online services, and reported a better-than-expected quarterly profit as costs fell. Macy's, which also owns the high-end Bloomingdale's chain, said it expects same-store sales, excluding licensed stores, to grow 1.8-2.8 percent in the...
Nov 12- Department store operator Macy's Inc forecast faster same-store sales growth in the holiday quarter, and reported a better-than-expected quarterly profit as costs fell. Same-store sales at Macy's, which also owns the high-end Bloomingdale's chain, has either declined or grown slower than a year ago for 11 quarters now, except the second quarter ended...
A Florida Dillards faced backlash after placing an inapporpriate holiday decoration sign in its children's department.
At least 46 Kmart stores, 30 Sears department stores and 31 Sears Auto Centers are scheduled to close before the end of January, said the report. The company, which is struggling to reduce costs as its sales dwindle, closed 75 Kmart stores and 21 Sears stores in the first half of 2014.. Sears had 1,077 Kmart stores and 793 Sears stores in the United States as of Aug. 2.
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...
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...
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.
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.
Department store chain J.C. Penney becomes "just another retailer" after third-quarter earnings, CNBC's Jim Cramer said.
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 tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
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.
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.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
Is the worst finally over for beleaguered department store JC Penney?
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.
How remodeling has helped boost these companies’ bottom line.