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  • NEW YORK, May 25- After a spate of disappointing quarterly results from big-name retailers, mall real estate investment trusts have come under pressure. "It wouldn't be surprising if high-end malls ended up with two traditional department stores compared to the roughly four traditional department stores currently at most malls," said Cedrik Lachance,...

  • SAN FRANCISCO, May 25- Investors shell-shocked by dismal quarterly reports from department stores will look for new signs of hope for brick-and-mortar retailers on Thursday as discount sellers Dollar General Corp and Dollar Tree Inc hand in their results. Both companies have likely lost less business than department stores to Amazon than because their...

  • CHICAGO, May 18- Target Corp on Wednesday reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel, a major source of revenue for department stores. The Minneapolis- based company's shares dropped 7.4 percent to $68.15 in premarket...

  • May 13- The S&P and Dow were struggling for direction on Friday as investors digested strong April retail sales data that seemed to contradict the gloomy earnings reports by department stores. The U.S. Commerce Department said retail sales jumped 1.3 percent last month, the largest gain since March 2015 and a bigger rise than the 0.8 percent economists were...

  • *1st- qtr comp sales fall 0.4 pct vs est 3.3 pct rise. *Net sales fall 1.6 pct, first drop in 5 qtrs. The Commerce Department said on Friday retail sales jumped 1.3 percent last month, the largest gain since March 2015.

  • Shares of the company, which also reported a surprise drop in comparable sales, fell 13 percent to $6.78 in premarket trading on Friday. Penney's net loss narrowed to $68 million, or 22 cents per share, in the quarter, from $150 million, or 49 cents per share, a year earlier. Analysts on average had expected a loss of 38 cents per share on revenue of $2.92 billion,...

  • May 13- U.S. department store operator J.C. The company's net loss narrowed to $68 million, or 22 cents per share, in the first quarter ended April 30, from $150 million, or 49 cents per share, a year earlier. However, net sales fell 1.6 percent to $2.81 billion.

  • *Kohl's reports first drop in net sales in 6 qtrs. May 12- Kohl's Corp and Nordstrom Inc reported a surprise fall in quarterly comparable sales on Thursday, highlighting the malaise in the department store sector as consumers pull back spending on apparel. "Department stores are struggling because they are based on an outdated business model that relies on...

  • May 12- Department store operator Nordstrom Inc reported a drop in sales at established stores in the first quarter, adding to the gloom in the department store sector as consumers pull back spending on apparel. The company's net income plunged to $46 million, or 26 cents per share, in the first quarter ended April 30 from $128 million, or 66 cents per share, a year...

  • *Reports first drop in net sales in 6 qtrs. May 12- Kohl's Corp became the latest U.S. department store operator to flag a slump in apparel demand, reporting a surprise drop in quarterly comparable sales on Thursday that sent its shares plummeting to a more than seven-year low. That's the simple answer, " Wes McDonald, Kohl's chief financial officer, said on a call with...

  • May 12- Department store operator Kohl's Corp reported a surprise drop in comparable sales and the first drop in net sales in six quarters as unseasonably cool weather hurt sales of spring wear amid a slump in demand for apparel. Shares of the company, which is known to be the most weather-sensitive among department store operators, were down 7 percent at $36 in...

  • May 11- Macy's Inc reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores' uphill struggle against slumping demand for apparel. Macy's forecast cut reflects increased pessimism on the consumer's willingness to shop for apparel and accessories over the balance of the year,...

  • May 11- U.S. stocks fell on Wednesday as weak earnings reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector. Disney shares were down 4.5 percent at $101.82 after the company posted a rare earnings miss. Department store chain Macy's tumbled 12 percent to $32.58, while Fossil sank as much as 34 percent to a six-and-a-half year low of...

  • May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates again, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. Shares of Macy's, which also slashed its full-year comparable sales and earnings forecasts, fell 12 percent on Wednesday to...

  • *1st- qtr same-store sales down 5.6 pct vs est 3.2 pct. May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. They were set to open at an almost four-year low of $33.76.

  • May 11- Department store operator Macy's Inc reported a 7.4 percent fall in first-quarter sales, the fifth straight quarter of decline, as customers cut back on buying apparel and a strong dollar discourages tourists from spending heavily. Net income attributable to Macy's fell to $116 million, or 37 cents per share, in the quarter ended April 30 from $193...

  • SINGAPORE/ BANGKOK, April 29- France's Casino Group has agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, the retailer said on Friday confirming an earlier Reuters story. Central Group, controlled by business family Chirathivat with interests in real estate, department stores and retailing, beat rival Thai...

  • LONDON, April 25- British department stores group BHS was placed into administration on Monday, putting the 88- year-old retailer in danger of disappearing from the high street and placing 11,000 jobs at risk. Going into administration, a form of creditor protection, means it is Britain's most high-profile retail casualty since Phones4U in 2014 and...

  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting the 88- year-old retailer in danger of disappearing from the high street and placing 11,000 jobs at risk. Going into administration, a form of creditor protection, means it is Britain's most high profile retail casualty since Phones4U in September 2014.

  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting about 11,000 jobs at risk. Philip Duffy and Benjamin Wiles, managing directors of Duff& Phelps, have been appointed joint administrators, the restructuring firm said. Its placing into administration, a form of creditor protection, means it is Britain's most...