Kohl's Corp. fell$. 38 or. 7 percent, to $51.20. Macy's Inc. rose$. 18 or. 4 percent, to $48.85. Nordstrom fell$. 20 or. 3 percent, to $60.48.» Read More
*Kmart same-store sales drop 3.7 percent. Feb 28- Sears Holdings Corp reported stronger-than-expected quarterly results on lower costs, sending shares of the operator of its namesake department stores and the Kmart discount chain up nearly 3 percent on Thursday.
Feb 28- Sears Holdings Corp reported stronger-than-expected quarterly results on lower costs, sending shares of the operator of its namesake department stores and the Kmart discount chain up more than 3 percent on Thursday.
Feb 28- Sears Holdings Corp, which operates its namesake department stores and the Kmart discount chain, on Thursday reported stronger-than-expected quarterly results on tight cost controls. Sears has closed stores, tightly managed inventory, sold some real estate and shed assets to become more profitable in recent quarters.
The decision to do away with sales last year had no testing behind it. So it is not a mystery why J.C. Penney has done a 180 when it comes to its promotional stance.
Feb 28- Retailer Sears Holdings Corp reported a higher-than-expected quarterly profit before special items, boosted by lower costs. The operator of Sears department stores and the Kmart discount chain said its net loss in the fourth quarter narrowed to $489 million, or $4.61 a share, from $2.4 billion, or $22.47 a share, a year earlier.
*Macy's Q4 adj EPS $2.05 vs est $1.99. *Macy's, Saks both focus on online, omni channel platforms. Feb 26- Department store chains Macy's Inc and Saks Inc both beat holiday quarter profit estimates and said sales at established stores were expected to rise in the coming year, as they invest in online technology.
Feb 26- Strong holiday period sales helped Macy's Inc forecast yearly profits above Wall Street's expectations, and the department store chain forecast that same-store sales would rise again this year.
*Saks shares fall nearly 1 pct, Macy's shares up 2.5 pct. Feb 26- Department store chains Macy's Inc and Saks Inc both reported better-than-expected holiday season results and forecast further sales gains this year, banking on investments in technology and e-commerce to pay off.
Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
Feb 13- Jones Group Inc, the fashion company behind such brands as Nine West and Jones New York, on Wednesday reported a higher-than-expected adjusted profit for the holiday quarter as sales of its shoes and jeans to U.S. department stores picked up.
Feb 13- Jones Group Inc, the fashion company behind such brands as Nine West, Stuart Weitzman, and Jones New York, reported a higher quarterly adjusted profit for the holiday quarter, and better than expected revenue, as sales of its shoes and jeans to U.S. department stores picked up.
Costco Wholesale Corp said January sales at stores open at least a year, or same-store sales, rose 4 percent, slightly ahead of Wall Street projections for a 3.9 percent gain. Other retailers reporting stronger-than-expected sales were the teen-oriented Zumiez Inc, which raised its profit forecast, and department store chain Stage Stores Inc..
Feb 6- J.C. Penney Co Inc Chief Executive Ron Johnson still thinks the department store operator will return to growth in 2013 despite severe sales declines in fiscal 2012, he told CNBC in an interview on Wednesday.
Feb 6- J.C. Penney Co Inc Chief Executive Ron Johnson still believes the department store operator will return to growth in 2013 despite dramatic sales declines in fiscal 2012, he told CNBC in an interview on Wednesday.
LONDON, Feb 5- Tradition has counted for nothing as new trends put paid to some of Britain's best-known retailers, while some of the oldest names, like venerable department store chain John Lewis, are showing how to catch the changing tide.
The National Retail Federation forecast includes sales at most traditional retail categories including non-store, auto parts and accessories stores, discounters, department stores, grocery stores, and specialty stores, and excludes sales at automotive dealers, gasoline stations, and restaurants.
LONDON, Jan 10- Department stores chain John Lewis and deep discounter Aldi emerged as winners on Thursday after British retailers fought it out for every pound in a tough Christmas. Elsewhere Tesco showed signs of life, John Lewis and Next proved as reliable as ever, but Marks& Spencer was left looking embarrassed when its poor results were leaked a day early.
Retailers should be buzzing right now with holiday gift card redemptions. But, there's early evidence retailers aren't getting much of a boost from gift cards this year, according to NBG Market Analyst Brian Sozzi.
The latest batch of retail sales reports shed light on who the retail winners are right now.
*EPS 69 cents vs Wall St 75- cent view. The discount chain began selling cigarettes and other tobacco products, Pepsi drinks, gift cards, magazines and other merchandise in recent months to better compete against chains such as Dollar General Corp..