Kohl's Corp. rose$. 66 or 1.2 percent, to $55.04. Macy's Inc. fell$. 50 or 1.0 percent, to $51.54. Nordstrom fell$. 30 or. 5 percent, to $61.05.» Read More
Aug 13- Struggling department store operator J.C. Penney Co said activist investor William Ackman, who has been pressuring the company to oust its chairman and chief executive, has resigned from the board effective Aug. 12. The company also said it has elected retail industry veteran Ronald Tysoe to its board. J.C Penney shares rose 4 percent in premarket trading.
NEW YORK, Aug 9- Wall Street's spotlight will fall on the consumer next week. Macy's is scheduled to report results on Wednesday, while Wal-Mart Stores Inc, the world's largest retailer, will release quarterly earnings on Thursday, along with upscale department store Nordstrom and discount retailer Kohl's.
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.
Aug 6- Michael Kors Holdings Ltd's quarterly profit nearly doubled as the fashion company's sales were helped by the roll-out of shops within department stores, gains in Europe and soaring business at its own stores.
Aug 6- Michael Kors Holdings Ltd's quarterly profit nearly doubled as the fashion company's sales were helped by the roll-out of shops within department stores and gains in Europe.
Aug 6- Michael Kors Holdings Ltd's first-quarter net income nearly doubled as the fashion company's sales were helped by the roll-out of shops within department stores and gains in Europe, and the company said sales could rise as much as 32 percent this quarter.
July 31- Jones Group Inc, the fashion and footwear company behind such brands as Nine West, Stuart Weitzman, and Jones New York, reported an unexpected operating profit on Wednesday, helped by a surge in sales of its jeans to U.S. department stores last quarter.
NEW YORK/ TORONTO, July 29- Richard Baker is doubling down on his attempt to revive big-name department stores with a $2.4 billion bid to buy Saks Inc, bringing the New York retailer into Canada and under the same roof as Lord& Taylor and Canada's Hudson's Bay.
NEW YORK, July 29- Hudson's Bay Co, operator of department store chains Lord& Taylor in the United States and The Bay in Canada, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash, including debt.
June 24- Neiman Marcus Inc filed registration papers on Monday for an initial public offering as its private equity owners eye an exit for their long-held investment in the luxury department store operator.
June 24- Luxury department store operator Neiman Marcus Inc filed registration papers with U.S. regulators on Monday for an initial public offering of up to $100 million. The chain, which operates 41 namesake departments stores, Bergdorf Goodman and a chain of lower-price outlet stores, will not receive any proceeds from the IPO, according to the prospectus.
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.
Despite the turbulent economy, many retailers say they will hire as many temporary workers for the holiday season as last year. Analyzing teen shopping trends, and which stores are hot, with Jeff Klinefelter, Piper Jaffray.
How remodeling has helped boost these companies’ bottom line.