Deutsche Bank analyst Paul Trussell downgraded Macy's, citing "low confidence that the company can bust out of its same-stores sales rut."» Read More
NEW YORK, June 25- Darden Restaurant Inc's plans unveiled this week to spin off some of its holdings into a real estate investment trust point to a gold mine others can tap, but a recent statement by the U.S. tax authority raises cautionary flags. The IRS was responding to inquiries about whether it would change its review practices when the operation being spun off...
*Shares hit record high of $73.40. June 23- Darden Restaurants Inc said it plans to separate some of its restaurants into a publicly traded real estate investment trust as part of changes engineered by activist investor Starboard Value LP. Darden said on Tuesday said it would transfer about 430 restaurants, mostly Olive Garden properties, to the REIT this year...
NEW YORK— Here are milestones for Martha Stewart Living Omnimedia Inc.. —1997: Martha Stewart, a former caterer, establishes Martha Stewart Living Omnimedia, consolidating her books, the Martha Stewart Living magazine and a TV show under one umbrella. —1999: Martha Stewart Living goes public.
Sequential Brands to buy Martha Stewart Living Omnimedia for $6.15/share in cash and stock.
Martha Stewart Living Omnimedia will be acquired by Sequential Brands in a cash-and-stock deal valued at about $353 million.
Cowen and Company analyst Oliver Chen calculated how significantly reported shipping increases would hurt retailers' gross margins.
The middle class is back, and some analysts say it's time to dip into the retail stocks that could benefit the most.
May retail sales were in line with expectations, but this has been a very uneven year for retail equities.
Some of the names on the move ahead of the open.
Macy's and Men's Wearhouse team up for a licensing deal that puts the tuxedo rental store into 300 Macy's department stores.
June 10- Department store operator Hudson's Bay Co reported a bigger adjusted loss, mainly due to higher administrative expenses and cost of sales. Hudson's Bay, which also runs Lord& Taylor stores in the United States, has been in high-level talks with Germany's Metro to buy its department store chain, Kaufhof. Hudson's Bay plans to drive sales through...
Staten Island's Empire Outlets, coming next year, will make it easier for New York City residents to snag name-brand goods at a discount.
Despite all the talk about dead malls, there are still those that hear the registers ring. America's top 10 malls, by sales by square feet.
U.S. stocks closed slightly lower on Tuesday, as investors failed to hold positive momentum on domestic data and Greece debt talks.
Through international turmoil, retailers are staying the course in expanding their brands overseas.
According to Reuters, several hedge funds have asked Macy's to consider options for its real estate assets. The FMHR traders weigh in.
Hudson's Bay Co, the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets. Shares of Hudson's Bay have risen almost 50 percent over the last 12 months. Sears Holdings Corp also said in April it plans to spin off 254 stores into a real estate investment trust next...
A new report argues that conclusions about shoppers born between 1980 and 2004 "often provide convenient excuses" for retailers.
Michael Kors Holdings reported its slowest quarterly revenue growth since it went public in December 2011.
May 27- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America. Michael Kors' revenue rose 17.8 percent in the fourth quarter, slowing sharply from the growth of 29.9-74.4 percent it posted for the past 13 quarters. Michael Kors has been...