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Retail Multiline Retail

  • NEW YORK— Erica Dao used to shop at malls once a month, looking in stores and seeing what the mannequins displayed. Elizabeth Troy says she was the "queen of sales," going through discounted items at J. Crew and Banana Republic stores at malls near where she lives in Richmond, Virginia. Department stores like Macy's and J.C. Penney— anchors for the malls— are also closing...

  • LAS VEGAS, March 21- Kohl's Corp's chief executive officer said on Tuesday the department store operator needs to "change faster" in order to remain a strong competitor to online and brick-and-mortar retailers. "We aren't as agile as we need to be in order to be a better competitor," CEO Kevin Mansell said at retail conference Shoptalk. The company has been hurt by a...

  • NEW YORK— J.C. Penney on Friday listed for the first time the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability. Like other department stores, J.C. Penney Co. is hurting as more people shop online instead of heading to the mall. About 5,000 jobs will be cut due to the closures, J.C. Penney said.

  • March 16- U.S. discount retailer Dollar General Corp reported a 13.7 percent increase in quarterly sales on Thursday, helped by higher spending at its stores driven by strong demand for home products. Net income rose to $414.2 million or $1.49 per share, in the fourth quarter ended Feb. 3, from $376.2 million or $1.30 per share a year earlier. Net sales rose to $6.01...

  • *Stores being closed account for less than 5 pct of annual sales. *Q4 comp sales drop 0.7 pct vs est -0.5 pct. Feb 24- Department store operator J.C.

  • Feb 24- Department store operator J.C. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers," Chief Executive Officer Marvin Ellison said in a statement. Penney said it expected annual savings of about $200 million from the cost-cutting measures, and would take a related...

  • Feb 24- Department store operator J.C. Penney Co Inc said on Friday it would close about 130-140 stores over the next few months, and reported a 0.7 percent drop in same-store sales for the holiday quarter. Penney's net sales fell 0.9 percent to $3.96 billion in the fourth quarter ended Jan. 28, declining for the third time this year.

  • The owner of luxury retail chain Saks Fifth Avenue said its consolidated comparable sales fell 1.2 percent on a constant currency basis during the fourth quarter ended Jan. 28. Sales rose 0.6 percent at its department store banners, which include Hudson's Bay and Lord& Taylor, and 0.1 percent at Saks Fifth Avenue. Last month, Hudson's Bay stock tumbled more than 20...

  • *Q4 profit $1.44/ shr vs est $1.33. Feb 23- Department store operator Kohl's Corp followed larger rival Macy's Inc in reporting a better-than-expected profit for the holiday quarter, as lower inventories helped the company avoid deep discounting. "We've really dramatically reduced inventories this year so our clearance levels and fall transitional...

  • A cashier completes a purchase at a Walmart store in Burbank, California.

    Using hedge fund analytics tool Kensho, CNBC conducted a study to find out which retailers tend to fare best after Wal-Mart tops earnings expectations.

  • Feb 21- Department store operator Macy's Inc reported a bigger-than-expected drop in quarterly sales as low demand for apparel and competition from online rivals hurt traffic in its stores. The owner of the Macy's and Bloomingdale's chains said net income attributable to its shareholders fell to $475 million, or $1.54 per share, in the fourth quarter ended...

  • WASHINGTON/ CHICAGO Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a...

  • I'm going to go get some myself today, "Conway told Fox News in an interview from the White House. The White House and the OGE did not respond to requests for comment. On Wednesday President Trump attacked department store chain Nordstrom Inc for dropping his daughter's products, drawing intense criticism for using a White House twitter platform to intervene in a...

  • WASHINGTON, Feb 9- A top aide to U.S. "Go buy Ivanka's stuff," Trump senior adviser Kellyanne Conway told Fox News in an interview from the White House. On Thursday, Ivanka's brand was thrust again into the headlines after her father attacked department store chain Nordstrom Inc in a highly unusual move using a White House twitter platform to intervene in a...

  • WASHINGTON, Feb 9- A top aide to U.S. "Go buy Ivanka's stuff," Trump senior adviser Kellyanne Conway told Fox News in an interview from the White House. On Thursday, Ivanka's brand was thrust again into the headlines after her father attacked department store chain Nordstrom Inc in a highly unusual move using a White House twitter platform to intervene in a...

  • WASHINGTON/ CHICAGO Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a...

  • WASHINGTON, Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a commercial...

  • Feb 6- Eastern Outfitters LLC, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector. Eastern Outfitters listed assets and liabilities in the range of $100 million to $500 million, according to...

  • The retailer, which is headquartered in Chile and has operations throughout South America, is controlled by Chile's Paulmann family. Improved regional economic prospects, especially in Argentina, Brazil and Peru, will also help buttress Cencosud's business units, it said. Cencosud runs the Jumbo supermarkets, Paris department store and Easy home...

  • Actress Jessica Alba, co-founder and chief creative officer of The Honest Co.

    The Honest Company announced a voluntary recall of its baby powder due to possible contamination that may cause eye and skin infections, USA Today reports