SEOUL, July 29- Sales at top South Korean department stores in June fell more than reported earlier to mark the worst drop on record, revised government data showed on Wednesday, as an outbreak of Middle East Respiratory Syndrome prompted consumers to cut spending. The trade ministry said sales at department store chains run by Hyundai Department Store, Lotte...» Read More
Feb 10- Deep-discount retailer Ollie's Bargain Outlet, known for the signature catch phrase "good stuff cheap," is preparing for an initial public offering, according to people familiar with the matter. The Harrisburg, Pennsylvania- based company, which is owned by Chief Executive Officer Mark Butler and private equity firm CCMP Capital Advisors LLC, is working...
Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit to be higher than its previous forecast and said it would buy luxury beauty and spa services retailer Bluemercury Inc for $210 million. Jeff Gennette will relinquish his responsibilities as Macy's chief merchandising officer and will be succeeded by Timothy Baxter, who was the...
Feb 3- Department store chain Macy's Inc estimated full-year 2014 profit of $4.35- $4.37 per share, higher than its previous forecast of $4.25- $4.35 per share.
Dollar General reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores.
Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.
Family Dollar's earnings fell by a third as the company resorted to discounts to clear inventory and competition intensified.
Costco reported third-quarter results below analysts' estimates hurt by an increase in merchandise costs and other expenses.
Wal-Mart is fast becoming a "fierce threat" to Amazon's dominance of online shopping, a leading retail analyst tells CNBC.
Strip malls will survive the competition from online retailers, and may even one day include Amazon stores, predicted David Henry, chief executive of Kimco Realty.
Tiffany reported a loss in the fourth quarter, due primarily to losing an arbitration ruling involving The Swatch Group.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
JC Penney reported a quarterly loss that was smaller than expected on Wednesday, but revenue trailed analysts' expectations.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.
David Hamaty, Managing Director, Asia Pacific, Kurt Salmon highlights the likely impact and possible winners and losers of the sales tax hike in Japan.
JC Penney shares tumbled to their lowest in nearly 13 years after a Goldman Sachs report projected slow sales and liquidity trouble.
Vornado Realty Trust Chairman and Chief Executive Steven Roth resigned from the board of JC Penney, the company said in a regulatory filing.
Starbucks CEO Howard Schultz on Friday had choice words for activist investor Bill Ackman and his very public campaign to change J.C. Penney's leadership team.
JC Penney shareholder Perry Capital intends to demand that the company replace CEO Mike Ullman immediately, CNBC's David Faber reported on Friday.