Michael Kors Holdings reported its slowest quarterly revenue growth since it went public in December 2011.» Read More
The shopping habits of women are changing, and cosmetics companies need to change with them, William Lauder tells CNBC.
Pay raises and cheap gasoline make low-end retailers like Wal-Mart and Kohl's better buys than those at the high end, several analysts say.
Feb 26- Department store chain J.C. Penney Co Inc reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. J.C. Penney posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share, a year earlier.
Macy’s reported Q4 earnings with disappointing guidance, but "Fast Money" and RiskReversal.com’s Dan Nathan says now is the time to buy the stock.
NEW YORK, Feb 26- A New York state appeals court on Thursday revived most of Macy's Inc's lawsuit accusing JC Penney Co of interfering improperly with its exclusive merchandising contract with Martha Stewart Living Omnimedia Inc.. It also agreed that Macy's third claim against JC Penney was valid, but that Macy's did not deserve punitive damages.
Feb 26- Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States. Since so many peoples' salaries are off-price they also need to shop that way, "said Robert Brusca, chief economist at consulting firm Fact...
NEW YORK, Feb 26- A New York state appeals court has revived two claims accusing JC Penney Co Inc of interfering improperly with a merchandising contract between Macy's Inc and Martha Stewart Living Omnimedia Inc. In a decision on Thursday, the appeals court said a lower court judge erred last June in dismissing Macy's claims that J C Penney breached the...
The "Fast Money" traders give their final trades of the day.
Retail: good or bad news?
As it begins testing off-price locations, Macy's faces headwinds that its competitors didn't have to grapple with.
Jim Cramer is tired of the amateur mindset of disbelief to this bullish market. Here's how to make money with skepticism instead.
Housing data will take investor focus as repeated presentation of Yellen's remarks and subdued geopolitical news keep the economy in the spotlight.
U.S. stocks closed at highs as Yellen's congressional testimony indicated that a rate hike would likely come later rather than sooner.
*Expects FY earnings $4.70- $4.80/ shr vs est. Feb 24- Macy's Inc said sales and margins in the current quarter would be hurt by disruptions at U.S. West Coast ports, and the retailer forecast full-year profit and revenue that fell short of analysts' expectations. The company, which operates the upscale Bloomingdale's chain as well as its namesake stores, forecast...
As investors await word on U.S. interest rate increases, quantitative easing certainly seems to be helping stock markets in Europe and Japan.
Feb 24- Department store chain Macy's Inc reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that missed analysts expectations as the company invests in new lower-priced and international stores. While TJX Companies Inc and Ross Stores Inc run only off-price stores, upscale retailer Nordstrom...
U.S. stock index futures signaled a flat open on Tuesday, as investors await hints on the timing of a rate rise at Fed Chair Janet Yellen's speech.
Department store chain Macy's reported a 2 percent rise in sales in the holiday shopping quarter, falling short of analysts' estimates.
Feb 24- Department store chain Macy's Inc reported a less-than 2 percent rise in sales in the holiday shopping quarter, falling short of analysts' estimates. Macy's net income fell to $793 million in the fourth quarter ended Jan. 31, from $811 million a year earlier. However, earnings rose to $2.26 per share from $2.16 due to a lower share count.
Greater clarity over an interest rate hike could come on Tuesday or Wednesday as Federal Reserve Chair Janet Yellen speaks with Congress.