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
*Cuts full-year earnings forecast to $4.08- $4.23/ share from $4.15- $4.35. Nov 14- Department store chain Kohl's Corp cut its full-year earnings forecast after reporting lower-than-expected quarterly results as fewer customers visited its stores, leading to a surprise fall in same-store sales.
*Cuts FY earnings/share view to $4.08- $4.23 from $4.15- $4.35. Nov 14- Department store chain Kohl's Corp cut its full-year earnings forecast after reporting weaker-than-expected third-quarter results due to a surprise fall in same-store sales. The company cut its full year earnings forecast to $4.08- $4.23 per share from $4.15- $4.35.
Nov 14- Department store chain Kohl's Corp reported weaker-than-expected third-quarter results as sales at stores open for more than a year fell 1.6 percent. Net income fell 18 percent to $177 million, or 81 cents per share, from $215 million, or 91 cents per share, a year earlier.
Nov 13- Macy's Inc on Wednesday reported a rebound in sales, helped by more promotions, and the U.S. department store chain said business was improving as the holiday season nears. "We have consciously gone after that opening price point business lately and have been very successful there," Chief Financial Officer Karen Hoguet said on a conference call.
Nov 13- Macy's Inc on Wednesday reported higher-than-expected- quarterly sales and earnings, helped by more promotions and advertising, and the department store chain said business had improved as the quarter progressed.
Nov 13- Macy's Inc on Wednesday reported higher-than-expected third-quarter comparable sales, crediting more intense advertising and business that improved markedly in October. The department store operator said comparable sales rose 3.5 percent, while analysts were expecting them to be up 2.1 percent, according to Thomson Reuters I/B/E/S.
Nov 11- Sears Canada Inc said it would sell its 50 percent stake in eight Canadian properties for about C $315 million, as the struggling department store chain continues to offload real estate in the country.
Nov 1- J.C. Penney Co Inc shares rose as much as 10.8 percent on Friday after Wall Street firm ITG Investment Research lifted its sales forecast for the department store chain, citing "improving sales trends" in five of the last seven weeks. Penney shares were up 8.7 percent at $8.15 in afternoon trading and rose as high as $8.31.
TORONTO, Oct 29- U.S. discount retail chain Target Corp said on Wednesday it expects to recover from initial stumbles in its ambitious push into Canada and still hit long-term growth targets. Canada is still key to Target's growth over the next five years, executives said.
Oct 29- Sears Holdings Corp is considering splitting off its Lands' End clothing and Sears Auto Center businesses, after another quarter of declining same-store sales. The company's shares rose 7 percent, as investors assessed the latest attempt by the operator of Sears department stores and the Kmart discount chain to turn around its business.
NEW YORK, Oct 28- J.C. Penney Co Inc told investors for the third time in less than five weeks that sales trends are improving and reaffirmed its forecast calling for positive comparable-store sales results coming out of the third quarter. The comments by Penney CEO Myron Ullman at a conference on Monday boosted the department store chain's shares by 6 percent.
NEW YORK, Oct 28- J.C. Penney Co Inc told investors for the third time in less than five weeks that sales trends are improving and reaffirmed its forecast calling for a rise in same-store sales in the third quarter. The comments by Penney CEO Myron Ullman at a conference on Monday boosted the department store chain's shares by 6 percent.
*Delivery fleet seeks to beat Lagos traffic. BERLIN, Oct 24- The online retailer Jumia, a would-be African Amazon, is betting that it can propel the continent's rising middle class consumers out of the street markets and straight onto its websites, missing out the department stores and shopping malls in between.
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.