LITTLE ROCK, Ark.-- Dillard's Inc. reported improved first-quarter profit Wednesday, as the department store operator benefited from one-time gains and better sales in its stores. Dillard's earned $117.2 million, or $2.50 per share, for the quarter that ended May 4.
CHICAGO, April 26 Credit metrics of speculative grade issuers have stabilized and show signs of plateauing, according to Fitch Ratings' in its latest installment of the' Leveraged Finance Stats Quarterly- Fourth Quarter 2012.' Fitch does not view the incremental leverage experience in the fourth quarter and expected in the first quarter to be either outside of expected rating levels or indicative of a deteriorating credit environment.
April 24- Jones Group Inc, the fashion company that owns retail chains Nine West and Jones New York, said it will close about 170 underperforming U.S. stores by mid-2014 and cut its workforce by about 8 percent in a bid to revive profits.
Feb 28- Department store chain Kohl's Corp said it aims to "re-energize" its brand in 2013 through increased advertising and investments in inventory management after markdowns used to move merchandize in the critical holiday season hurt profit.
Kohl's sales forecast is below that of rival Macy's Inc's 3.5 percent and suggests the company does not expect to benefit much from the steep sales decline of its most direct rival, J.C. Penney Co Inc. On Wednesday, Penney reported a 31.7 percent same-store sales decline last quarter.
Feb 28- Kohl's Corp reported lower fourth-quarter profit on Thursday, hurt by markdowns during the holiday season, and forecast full-year earnings that fell short of Wall Street expectations.
*North America comparable sales down 2 percent. Jan 23- Coach Inc on Wednesday reported weak holiday-quarter results and unveiled a new strategy for shoes and clothing, spooking investors with the notion that the days of strong demand for its premium leather handbags may be numbered.
*Qtly profit $1.23/ share vs Street view $1.28. Jan 23- Coach Inc on Wednesday reported holiday quarter revenue well below Wall Street forecasts, hit by stiff competition in the handbag segment it has long dominated and a tough environment that saw many retailers cut prices to attract shoppers.
That's where department store chain Macy's Inc recently opened a facility the size of 43 football fields- big enough to stock 1 million pairs of shoes- just to fulfill orders made online. Macy's expects that figure to triple in two years.
That's where department store chain Macy's Inc recently opened a facility the size of 43 football fields- big enough to stock 1 million pairs of shoes- just to fulfill orders made online. Macy's expects that figure to triple in two years.
Dec 4- Shares of Gap Inc fell 10 percent on Tuesday after the retailer confirmed there has been no change to its dividend payment policy, following special payouts by other companies.
NEW YORK, Nov 30- NEW YORK, Nov 28- They might not arrive in pretty wrapping paper with a bow, but dividends paid out early to avoid a potential tax increase next year could provide an unexpected boost to holiday sales.
*Costco shares up 6.3 percent. Nov 28- Retailer Costco Wholesale Corp said it would pay a special dividend totaling roughly $3 billion, the largest payout so far from any company ahead of a likely increase in the U.S. dividend tax.
*Costco shares up 5.6 percent. Several companies have declared one-time cash payouts in recent days ahead of a likely increase in the dividend tax rate due to the so-called fiscal cliff- a combination of tax increases and spending cuts due to kick in at the beginning of 2013 if Congress and the White House cannot agree on a plan to reduce the federal budget deficit.
A few companies appear likely to dole out payments before year end, the CNBC “Fast Money” pros said Tuesday.