Kohl's Corp. fell$. 26 or. 4 percent, to $59.40. Macy's Inc. fell$. 22 or. 4 percent, to $62.36. Nordstrom fell$. 04 or. 1 percent, to $69.64.» Read More
Kohl's Corp. rose$. 19 or. 3 percent, to $57.74. Macy's Inc. rose$. 91 or 1.6 percent, to $58.95. Nordstrom rose $1.35 or 2.0 percent, to $67.47.
Kohl's Corp. rose$. 60 or 1.0 percent, to $58.15. Macy's Inc. rose$. 97 or 1.7 percent, to $59.01. Nordstrom rose $1.26 or 1.9 percent, to $67.38.
Kohl's Corp. rose$. 67 or 1.2 percent, to $57.55. Macy's Inc. rose$. 59 or 1.0 percent, to $58.04. Nordstrom rose $1.01 or 1.6 percent, to $66.12.
Stocks climbed on Monday after a bidding contest erupted for discount retailer Family Dollar and as concerns eased about the situation in Ukraine. The Dow Jones industrial average rose 175.83 points, or 1.1 percent, to 16,838.74. The Standard& Poor's 500 index rose 16.68 points, or 0.9 percent, to close at 1,971.74.
NEW YORK— A bidding contest for a discount retailer and easing concerns about Ukraine helped send U.S. stock indexes higher. Dollar General jumped 12 percent after the company made a bid to buy Family Dollar. United Continental and American Airlines each climbed 4 percent.
Kohl's Corp. rose$. 37 or. 7 percent, to $57.25. Macy's Inc. rose$. 57 or 1.0 percent, to $58.02. Nordstrom rose$. 81 or 1.2 percent, to $65.92.
Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc.. Dollar General's offer of $78.50 per share in cash represents a premium of 3.2 percent to Family Dollar's Friday close.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $78.50 per share in cash, trumping an offer by Dollar Tree Inc. The deal, at an enterprise value of $9.7 billion, was proposed in a letter to Family Dollar's board.
Dollar General jumped after making a bid for retailer Family Dollar, a rival discount store. The offer topped a bid made last month by Dollar Tree, another discount retailer. Investors had become skittish on concerns that the tensions between Russia and Ukraine were escalating.
Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
Aug 14- Department store chain J.C. Penney reported stronger- than-expected quarterly same-store sales, bucking a trend of disappointing sales from peers such as Wal-Mart Stores Inc and Macy's Inc.. J.C. Penney's shares were up 3.2 percent in extended trading after the company also reported a much smaller second-quarter loss.
Aug 14- Department store chain J.C. Penney Company Inc reported a 5 percent rise in quarterly sales, helped by increased demand for household goods, apparel and jewelry. The company said its loss narrowed to $172 million, or 56 cents per share, in the second quarter ended August 2, from $586 million, or $2.66 per share a year earlier.
Aug 14- Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.
Aug 14- Department store chain Kohl's Corp reported a 1.1 percent decline in quarterly sales, largely due to lower traffic at its stores. The company's net sales fell to $4.24 billion in the second quarter from $4.29 billion a year earlier.
*Food boss Steve Rowe says would like to be CEO one day. LONDON, Aug 14- British retailer Marks& Spencer is close to having both its food and general merchandise divisions "firing on all cylinders" and expects a better Christmas after poor clothing sales hit last holiday season, according to its food business head.
Macy's Inc quarterly earnings missed analysts' estimates and the department store operator slashed its full-year same-store sales forecast, driving the stock down 5.5 percent to $56.47. Other major retailers, including Wal-Mart Stores Inc, are expected to report results on Thursday. Wal-Mart shares slipped 0.3 percent to $74.03.
Aug 5- Discount retailer Dollar General Corp is considering a rival bid to Dollar Tree Inc' s $8.5 billion offer for Family Dollar Stores Inc, Bloomberg reported, citing people with knowledge of the matter. Dollar General shares were up 3 percent at $57.62 on the New York Stock Exchange on Tuesday.
Aug 4- Michael Kors Holdings Ltd, known for its trendy handbags and watches, said it expects margins to shrink for the year as it invests more to open stores in Europe and increases the number of shops it has in department stores. Michael Kors' shares fell more than 7 percent in early trading.
July 29- Activist investor Carl Icahn cut his stake in Family Dollar Stores Inc, a day after the company agreed to be bought by rival discount chain Dollar Tree Inc for $8.5 billion. Icahn said he was "determined" to dispose part of his stake rather than wait for the deal to close or for higher offers to emerge.