Sandy has made landfall along the coast of southern New Jersey. While downgraded to a post-tropical cyclone, it still has sustained winds of 85 mph.
*First hr2 store to open near Montreal next March. TORONTO, Oct 29- Holt Renfrew, a Canadian luxury department store operator, said on Monday it would launch a lower-priced chain called hr2 in the spring, months before U.S. luxury retailer Nordstrom Inc plans to open north of the border.
Hurricane Sandy began veering as predicted early Monday on a path that would take it over Washington, Baltimore, Philadelphia and New York putting it on a path that could endanger 50 million people.
Hurricane Sandy, a rare, late season storm, is already having a significant economic impact and is poised to be one for the record books in both meteorological and economic terms.
*Now sees FY rev $3.79- $3.82 billion vs prior $3.8- $3.9 bln. Oct 24- Jones Group Inc, the apparel company behind such brands as Nine West and Jones New York, lowered its full-year sales forecast on Wednesday, saying it expects shoppers to continue to demand bargains during the holiday season.
Many hotels with unique amenities and specialty products offer them for sale in an effort to build loyalty and increase revenue. Are hotels turning into luxury home goods stores?
SEATTLE-- King County Executive Dow Constantine and Seattle Mayor Mike McGinn signed legislation Tuesday on the funding plan for construction of an arena that could be used to lure the NBA back to Seattle. Other investors include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.
SEATTLE-- The King County Council and the Seattle City Council gave their final approval Monday to an agreement to build a $490 million basketball and hockey arena in the city, despite the threat of a lawsuit from longshore workers. Mayor Mike McGinn called the votes important steps toward bringing professional men's basketball back to Seattle.
*A Canadian naval intelligence officer pleaded guilty to spying for Russia, a public admission of an embarrassing espionage scandal that has damaged Canada's reputation among allies and will likely reverberate for years.
Higher-end retailers like Bloomingdales's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, according to Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
NEW YORK-- Summary of revenue at stores open at least a year in September for department store chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Bon-Ton Stores Inc. 0.6 pct.
Higher-end retailers like Bloomingdale's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, says Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
Among our rated apparel retailers, Gap and Limited Brands, are expected to continue the positive momentum through the holiday season, on top of their reported comps growth at 6% and 5%, respectively, following 9% and 8% comps growth in August. Costco reported a 5% growth in comps excluding gasoline, in line with consensus estimates.
Macy's revenue at stores open at least a year rose 2.5 percent in September, while analysts expected a gain of 3.3 percent. Shares of Macy's rose 34 cents to $39.83. Kohl's Corp.' s revenue at stores open at least a year fell 2.7 percent in September, a bigger drop than Wall Street expected, hurt by lower demand for accessories and women's clothing.
Retailers saw a slowdown last month from August sales, but a few names performed better, former Staples CEO Tom Stemberg told CNBC on Thursday.
U.S. stocks rose at the open after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. **NUVASIVE INC, $14.9, down 34 pct.
The consensus is that Governor Romney did well in the debates last night; while Europe is meandering on either side of positive or negative, U.S. stocks are higher.
SEATTLE-- Nordstrom Inc. said Thursday that sales in stores open at least one year rose 4.4 percent in September, slightly below analysts' expectations. Nordstrom said it was also competing against strong figures from September 2011 _ a 10.7 percent jump in same-store sales _ when the company offered free shipping and free returns for online purchases.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
Oct 4-* Thomson Reuters same store sales index ex-drugstore chains 3.6 percent in.