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
Strip malls will survive the competition from online retailers, and may even one day include Amazon stores, predicted David Henry, chief executive of Kimco Realty.
March 21- Nordstrom Inc is postponing the opening of its discount Rack stores in Canada until 2017, to focus on the launch of its full-line department stores there, its first department stores abroad.
Tiffany reported a loss in the fourth quarter, due primarily to losing an arbitration ruling involving The Swatch Group.
March 10- Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches.
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.