Kohl's Corp. fell$. 34 or. 6 percent, to $54.70. Macy's Inc. rose$. 29 or. 6 percent, to $51.83. Nordstrom fell$. 69 or 1.1 percent, to $60.36.» Read More
July 31- Jones Group Inc, the fashion and footwear company behind such brands as Nine West, Stuart Weitzman, and Jones New York, reported an unexpected operating profit on Wednesday, helped by a surge in sales of its jeans to U.S. department stores last quarter.
NEW YORK/ TORONTO, July 29- Richard Baker is doubling down on his attempt to revive big-name department stores with a $2.4 billion bid to buy Saks Inc, bringing the New York retailer into Canada and under the same roof as Lord& Taylor and Canada's Hudson's Bay.
NEW YORK, July 29- Hudson's Bay Co, operator of department store chains Lord& Taylor in the United States and The Bay in Canada, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash, including debt.
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.
*Family Dollar shares at seven-month high after earnings. "I think all eyes are really on that Fed meeting and the minutes that come out," said Anthony Conroy, head trader for ConvergEx in New York. Family Dollar Stores Inc gained 4.3 percent to $66.74 and was the S&P 500' s best performer after the discount chain posted quarterly earnings.
*Kroger to assume Harris Teeter's debt of about $100 mln. July 9- Kroger Co said on Tuesday it would buy regional grocer Harris Teeter Supermarkets Inc in a $2.5 billion deal, the latest in a string of grocery industry consolidations. Competitors there include privately held Publix and discounter Wal-Mart Stores Inc, the largest U.S. food retailer.
June 24- Neiman Marcus Inc filed registration papers on Monday for an initial public offering as its private equity owners eye an exit for their long-held investment in the luxury department store operator.
June 24- Luxury department store operator Neiman Marcus Inc filed registration papers with U.S. regulators on Monday for an initial public offering of up to $100 million. The chain, which operates 41 namesake departments stores, Bergdorf Goodman and a chain of lower-price outlet stores, will not receive any proceeds from the IPO, according to the prospectus.
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.
Three more top executives at J.C. Penney have left the ailing retailer, the New York Post reported, following the ouster of Chief Executive Ron Johnson.
Dollar General posted a higher quarterly profit on Monday as increased sales of food and other basics helped drive growth despite consumers' concerns about the economy.
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.
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.
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.
Eighty-nine percent of the 20 companies reporting beat, according to RetailMetrics, way above the 64 percent who normally beat. Why?
The trade on giant retailers, Sears, with the Fast Money crew. Also, An options strategy on JCP, with Mike Khouw, Cantor Fitzgerald.