SYDNEY, July 17- An Australian court on Thursday approved the takeover of Australia's David Jones Ltd by South Africa's Woolworths Holdings Ltd, clearing a final hurdle for the $2 billion deal. Shareholders of both companies have already voted in favour of the A $4.00 per share bid for Australia' No.2 department store by sales.» Read More
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.
After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.
David Hamaty, Managing Director, Asia Pacific, Kurt Salmon highlights the likely impact and possible winners and losers of the sales tax hike in Japan.
JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
Vornado Realty Trust Chairman and Chief Executive Steven Roth resigned from the board of JC Penney, the company said in a regulatory filing.
Starbucks CEO Howard Schultz on Friday had choice words for activist investor Bill Ackman and his very public campaign to change J.C. Penney's leadership team.
JC Penney shareholder Perry Capital intends to demand that the company replace CEO Mike Ullman immediately, CNBC's David Faber reported on Friday.
While few analysts are betting the struggling department store chain will be one of the major winners this season, many think it now may start to show signs of life.
Customer reviews influencing what retailers do more than ever before. The culprit: social media and the risks that negative comments can go viral quicker than ever before.
While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
JC Penney CEO Mike Ullman told shareholders: "I have an enduring affection for J.C. Penney." They appeared to return the favor, at the company's shareholder meeting.
The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.