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  • Feb 26- Shares of department store chain J.C. Penney Co Inc tumbled 12 percent in after-hours trade on Thursday after it posted a surprise quarterly loss and forecast small margin improvements this year. J.C. Penney said sales at stores open more than a year rose 4.4 percent in the holiday quarter, the high end of its guidance for 3.5 to 4.5 percent growth, driven by...

  • Feb 26- Department store chain J.C. Penney Co Inc reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. J.C. Penney posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share, a year earlier.

  • Feb 26- Department store chain J.C. Penney Co Inc reported a 3 percent rise in quarterly sales as demand for household goods, apparel and jewelry increased during the holiday shopping season. The company posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share a year earlier.

  • For Macy's, going downmarket looks like the way ahead Thursday, 26 Feb 2015 | 1:03 PM ET

    Feb 26- Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States. Since so many peoples' salaries are off-price they also need to shop that way, "said Robert Brusca, chief economist at consulting firm Fact...

  • UPDATE 2-Kohl's forecasts full-year sales above estimates Thursday, 26 Feb 2015 | 10:46 AM ET

    Feb 26- Department store operator Kohl's Corp forecast full-year revenue above analysts' expectations and reported higher-than-expected quarterly profit and sales, helped by demand for apparel and accessories in the holiday shopping season. Shares of Kohl's, which also said it would buy back $1 billion of shares this fiscal year, rose 3 percent to an over...

  • Department store operator Kohl's profit rises 10.5 pct Thursday, 26 Feb 2015 | 7:08 AM ET

    Feb 26- Department store operator Kohl's Corp reported a 10.5 percent rise in quarterly profit, helped by higher sales of apparel and accessories in the holiday shopping season. The company's net income rose to $369 million, or $1.83 per share, in the fourth quarter ended Jan. 31 from $334 million, or $1.56 per share, a year earlier. Net sales rose 4 percent to $6.34...

  • Sears posts 11th straight quarterly loss Thursday, 26 Feb 2015 | 6:13 AM ET

    Feb 26- Sears Holdings Corp, owner of Sears department stores and the Kmart discount chain, reported its 11th straight quarterly loss as sales continued to tumble. The net loss attributable to Sears narrowed to $159 million, or $1.50 per share, in the quarter ended Jan. 31, from $358 million, or $3.37 per share, a year earlier. Sears, controlled by hedge fund manager...

  • Feb 24- Department store chain Macy's Inc reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that missed analysts expectations as the company invests in new lower-priced and international stores. While TJX Companies Inc and Ross Stores Inc run only off-price stores, upscale retailer Nordstrom...

  • Macy's holiday-quarter sales miss analysts' estimates Tuesday, 24 Feb 2015 | 8:18 AM ET

    Feb 24- Department store chain Macy's Inc reported a less-than 2 percent rise in sales in the holiday shopping quarter, falling short of analysts' estimates. Macy's net income fell to $793 million in the fourth quarter ended Jan. 31, from $811 million a year earlier. However, earnings rose to $2.26 per share from $2.16 due to a lower share count.

  • *Global retailers such as Gap, H&M planning big push into India. NEW DELHI/ MUMBAI, Feb 24- A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop. Located in a posh district in the south of New Delhi,...

  • *Global retailers such as Gap, H&M planning big push into India. NEW DELHI/ MUMBAI, Feb 24- A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop. Located in a posh district in the south of New Delhi,...

  • Feb 19- Upscale department store operator Nordstrom Inc reported a lower-than-expected quarterly profit as it spent more on technology upgrades and store expansion, and increased discounts at its Rack brand stores in the holiday shopping season. Nordstrom also forecast a bigger loss for its Canada business in 2015 as it continues its expansion with store...

  • Nordstrom profit falls 5 pct as expenses increase Thursday, 19 Feb 2015 | 4:21 PM ET

    Feb 19- Upscale department store operator Nordstrom Inc reported a 5 percent fall in quarterly profit as selling, general and administrative expenses increased 14 percent. Nordstrom's net income fell to $255 million, or $1.32 per share, in the fourth quarter ended Jan. 31, from $268 million, or $1.37 per share, a year earlier. Net sales rose 9 percent to $3.94 billion.

  • Wal-Mart CEO: Pay hike will boost morale Thursday, 19 Feb 2015 | 2:40 PM ET
    An employee rings up sales at a cash register of a Walmart store in Los Angeles.

    Wal-Mart is raising wages because worker pride is vital to running a good retail business, CEO Doug McMillion tells CNBC.

  • Feb 10- Deep-discount retailer Ollie's Bargain Outlet, known for the signature catch phrase "good stuff cheap," is preparing for an initial public offering, according to people familiar with the matter. The Harrisburg, Pennsylvania- based company, which is owned by Chief Executive Officer Mark Butler and private equity firm CCMP Capital Advisors LLC, is working...

  • UPDATE 1-Macy's 2014 profit estimate tops forecast Tuesday, 3 Feb 2015 | 5:13 PM ET

    Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit to be higher than its previous forecast and said it would buy luxury beauty and spa services retailer Bluemercury Inc for $210 million. Jeff Gennette will relinquish his responsibilities as Macy's chief merchandising officer and will be succeeded by Timothy Baxter, who was the...

  • Macy's full-year profit estimate tops forecast Tuesday, 3 Feb 2015 | 4:15 PM ET

    Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit of $4.35- $4.37 per share, higher than its previous forecast of $4.25- $4.35 per share.

  • Nelson Peltz cuts stake in Family Dollar Tuesday, 27 Jan 2015 | 6:25 AM ET

    Jan 27- Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent. Trian Management sold about 6 million shares of the discount retailer, the hedge fund said in a regulatory filing on Tuesday. Family Dollar's shareholders approved an $8.5 billion deal last week to be bought by Dollar Tree...

  • Jan 22- Dollar General Corp could make smaller acquisitions and build its store footprint to better compete with Dollar Tree Inc, which is poised to become the largest discount retailer after its acquisition of Family Dollar Stores Inc.. On Thursday, Family Dollar shareholders approved a cash-and-stock deal to be bought by Dollar Tree for $8.5 billion,...

  • Russian retailer O'Key hit hard by downturn, food ban Thursday, 22 Jan 2015 | 9:21 AM ET

    MOSCOW, Jan 22- Russian food retailer O'Key said on Thursday its fourth quarter like-for-like sales fell 5 percent because of a sharp drop in customer traffic. Russia banned some food imports from the West in August for one year in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. Unlike Magnit and X5, which operate large discount chains,...