Macy's Inc
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JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
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Kohl's Corp. fell$. 26 or. 5 percent, to $51.32. Macy's Inc. rose$. 04 or. 1 percent, to $48.71. Nordstrom fell$. 13 or. 2 percent, to $60.55.
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Kohl's Corp. fell$. 45 or. 9 percent, to $51.58. Macy's Inc. rose$. 79 or 1.6 percent, to $48.67. Nordstrom fell$. 45 or. 7 percent, to $60.68.
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Kohl's Corp. fell$. 06 or. 1 percent, to $51.97. Macy's Inc. rose$. 47 or 1.0 percent, to $48.35. Nordstrom fell$. 49 or. 8 percent, to $60.64.
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NEW YORK-- An analyst said Friday that he's not surprised that Wal-Mart's first-quarter performance was weak, given conditions such as an increased payroll tax and unseasonably cool weather. Thursday Wal-Mart Stores Inc. reported that its first-quarter profit edged up just slightly.
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Kohl's Corp. fell$. 39 or. 7 percent, to $51.64. Macy's Inc. rose$. 06 or. 1 percent, to $47.94. Nordstrom fell $1.39 or 2.3 percent, to $59.74.
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May 16- J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer.
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Kohl's Corp. rose $2.35 or 4.7 percent, to $52.03. Macy's Inc. fell$. 69 or 1.4 percent, to $47.88. Nordstrom fell$. 31 or. 5 percent, to $61.13.
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JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
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May 16- Retailer J.C. Penney Co Inc's operating margins plunged in the first quarter on weak sales and heavy clearance deals, as its new chief executive promised more promotions and a return to basics to win back shoppers.
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May 16- Nordstrom Inc on Thursday reported lower-than-expected sales and profit for the first quarter, citing weak business in early winter, and lowered its full-year sales forecast, sending shares down 3.9 percent in after-hours trading.
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Kohl's said on Thursday it expects sales to rebound in the current quarter after bad weather in early spring hurt business at the department store chain.
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Kohl's Corp. rose $2.11 or 4.2 percent, to $51.79. Macy's Inc. fell$. 59 or 1.2 percent, to $47.98. Nordstrom rose$. 07 or. 1 percent, to $61.51.
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Wal-Mart Stores's quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year.
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*Profit of $1.14 per share misses Wall Street view $1.15. *Second-quarter profit forecast below Wall Street view.
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Kohl's Corp. rose $2.59 or 5.2 percent, to $52.27. Macy's Inc. fell$. 26 or. 5 percent, to $48.31. J.C. Penney Co. fell$. 26 or 1.4 percent, to $18.71.
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May 16- Kohl's Corp on Thursday said it expects sales to pick up in the current quarter, and the retailer reported a better-than-expected first-quarter profit, helped by cost-cutting, sending its shares up 7 percent in trading before the bell.
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Kohl's Corp. rose$. 49 or 1.0 percent, to $49.68. Macy's Inc. rose $1.18 or 2.5 percent, to $48.57. Nordstrom rose$. 20 or. 3 percent, to $61.44.
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Stocks regained their footing in choppy trading Wednesday, with the Dow and S&P 500 closing at a fresh high, but a sharp decline in Apple kept a lid on the Nasdaq's gains.
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Among the earnings stories for Wednesday, May 15, from AP Business News:. _ Macy's Inc. said that it earned $217 million, or 55 cents per share, in the quarter ended May 4, up from $181 million, or 43 cents per share, a year ago. Analysts expected earnings per share of 53 cents on revenue of $6.4 billion.
