Kohl's Corp. rose$. 61 or 1.1 percent, to $55.04. Macy's Inc. rose $1.08 or 1.9 percent, to $58.66. Nordstrom rose$. 48 or. 8 percent, to $61.46.» Read More
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
JC Penney reported a quarterly loss that was smaller than expected on Wednesday, but revenue trailed analysts' expectations.
Feb 26- Struggling department store operator Sears Canada Inc posted a fall in quarterly sales, citing severe winter weather and power outages in the holiday shopping season.
Feb 26- Struggling department store operator Sears Canada Inc posted a fall in quarterly same-store sales due to severe winter weather and power outages. The company, controlled by Sears Holdings Corp, said same-store sales fell 6.4 percent in the fourth quarter ended Feb. 1.
Feb 25- Macy's Inc's sales this year were weak until Valentine's Day, the department store operator said on Tuesday, but it stuck to its full-year forecast because it expects business to return to normal when the weather improves.
Feb 25- Macy's Inc on Tuesday said sales in its new fiscal year were off to a slow start, coming on the heels of a dip in January, and the department store operator's shares fell nearly 2 percent.
Feb 25- Macy's Inc on Tuesday reported a higher quarterly profit as the department store chain had one of the best sales performances among retailers during the holiday season. Macy's reported net income of $811 million, or $2.16 a share, for the fourth quarter ended Feb. 1, compared with $730 million, or $1.83 per share, a year earlier.
LONDON, Feb 18- Poundland, Europe's largest single-price discount retailer, plans a 750 million pound flotation on the London Stock Exchange, cashing in on the recession-proof allure of goods that sell for just one pound.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
"Consumers are being hit by a perfect storm of events," said Craig Johnson, president of advisory firm Customer Growth Partners. Kohl's Corp on Thursday said sales in January were "significantly" lower than expected as shoppers stayed away, and the department store chain lowered its profit forecast.
Feb 4- J.C. Penney Co Inc on Tuesday reported a modest rise in quarterly comparable sales but gave no details on its gross profit margin, leading Wall Street analysts to conclude the department store operator had to resort to bigger discounts during the holiday season.
Jan 28- J.C. Penney Co Inc said on Tuesday it extended its poison pill until 2017, and lowered the threshold at which it would dilute the holdings of any shareholder, to prevent a takeover of the department store chain.
Jan 28- Struggling department store operator J.C. Penney Co Inc said it lowered the threshold for triggering a takeover defense plan to protect about $2 billion in future tax benefits.
TORONTO, Jan 15- Sears Canada Inc plans to cut more than 1,600 jobs this year as it reorganizes and outsources some of its business, the struggling department store operator said on Wednesday.
NEW YORK, Jan 15- J.C. Penney Co Inc said on Wednesday it will close 33 underperforming stores and cut 2,000 jobs as part of the struggling department store chain's efforts to return to profitability.
Jan 9- Family Dollar Stores Inc on Thursday reported a weaker quarterly profit as the retailer discounted more than it had originally planned to win holiday shoppers. The discount chain said its net income fell to $78 million, or 68 cents a share, in the first quarter ended Nov. 30 from $80.3 million, or 69 cents a share, a year earlier.
J.C. Penney Co Inc shares slid 8 percent after the department store chain said on Wednesday it was "pleased" with its holiday sales performance, but skimped on specifics. It was the second most actively traded New York Stock Exchange- listed share.
Jan 8- J.C. Penney Co Inc said in a statement Wednesday it was "pleased" with its holiday sales performance, but provided no details on those sales, sending shares of the struggling department-store chain down 8 percent in morning trading.
Jan 8- Department store chain J.C. Penney Co Inc reaffirmed its forecast for a rise in comparable-store sales for the fourth quarter after what it described as a pleasing performance over the holiday period.