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Multiline Retail Department Stores

  • Retailers have not been lazy against survival from Amazon: Thomson Reuters

    Jharonne Martis, director of consumer research at Thomson Reuters, speaks about how Target is tackling the threat from Amazon.

  • *FY sales forecast $5.8 bln- $5.9 bln vs est $6.04 bln. Aug 15- Coach Inc forecast full-year revenue below Wall Street estimates as the handbag maker's efforts to pull out products, including those of recently acquired Kate Spade, from department stores weigh on sales, sending its shares tumbling 14 percent. "There has been concern that too much outlet exposure and...

  • WASHINGTON, Aug 15- U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. "American shoppers flocked to the malls and even department stores in July, suggesting consumers are...

  • Aug 15- Coach Inc forecast full-year revenue below Wall Street estimates as the handbag maker's efforts to pull out products, including those of recently acquired Kate Spade, from department stores weigh on sales, sending its shares tumbling 14 percent. Excluding the tax rate benefit, profit was an about 5 cent to 7 cent miss to Street expectations, RBC Capital...

  • WASHINGTON, Aug 15- U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. "American shoppers flocked to the malls and even department stores in July, suggesting consumers are...

  • Aug 15- Coach Inc forecast full-year revenue below Wall Street estimates as the handbag maker steps up efforts to pull out products, including those of recently acquired Kate Spade, from department stores, sending its shares down 9.8 percent. "There will be some short-term pressure as Coach pulls Kate Spade back from wholesale and its exposure to unfavorable...

  • Aug 15- TJX Cos Inc, the owner of off-price retail chains T.J. Maxx and Marshalls, reported better-than-expected quarterly profit and sales on Tuesday as its discounts attracted shoppers turning away from department stores and mall-based retailers. TJX sells home furnishings, apparel and accessories of brands such as Tommy Hilfiger and Marc Jacobs at prices...

  • More properties are shifting to experience-based shops: Miller Income Fund's Bill Miller IV

    Bill Miller IV, Miller Income Fund portfolio manager, discusses why he's betting on shopping malls.

  • JC Penney is about to step up its apparel game, but it could be too late

    Penney's CEO Marvin Ellison wants to "fix" the retailer's women's apparel business.

  • Two ways Nordstrom is adapting to the Amazon era

    Nordstrom will soon offer shoppers across the U.S. the option to "reserve online and try in stores."

  • Shares in Penney, which were down 16 percent at $3.96 in morning trading, have tumbled 43 percent since the start of the year. The stock has widely underperformed those of peers such as Nordstrom and Kohls Corp, signaling that investors are taking note of which department stores are best reshaping themselves amid an ongoing retail meltdown.

  • Traffic is the biggest component that all of these department stores are missing: Retail analyst

    Matthew Boss, JPMorgan retail analyst, and Paul Trussell, Deutsche Bank retail analyst, weigh in on department store stocks, including JCPenney hitting a record low.

  • JCPenney reports big bottom line loss

    CNBC's Courtney Reagan takes a look at JCPenney's quarterly earnings and what to expect next week for other big retail names reporting second-quarter results.

  • Aug 11- Department store operator J.C. The company's net loss widened to $62 million, or 20 cents per share, in the second quarter ended July 29, from $56 million, or 18 cents per share, a year earlier. Net sales rose 1.5 percent to $2.96 billion.

  • Retail stocks just posted their worst day of the year

    CNBC's Courtney Reagan reports on Nordstrom's earnings beat. The “Fast Money” traders discuss other retail stocks getting wrecked ahead of their earnings reports.

  • We like Kohl's ability to drive brands into stores: Analyst

    Randal Konik, Jefferies retail analyst, and CNBC Contributor Jan Kniffen discuss department store stocks getting slammed ahead of earnings and their stock picks.

  • *Macy's sees Q3 comp sales decline of 2.5 pct or more. Aug 10- Shares of department store chains Macy's Inc and Kohl's Corp tumbled on Thursday as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off. "We are operating in an environment of intense and destructive competition, and...

  • Aug 10- Shares of department store chains Macy's Inc and Kohl's Corp tumbled on Thursday as the companies reported a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off. While the declines in same-store sales were not as bad as feared, gross margins at both the companies slipped as they continued to rely on...

  • Aug 10- Department store chain Macy's Inc reported a higher-than-expected rise in quarterly profit, as it continued to close stores and keep a tight leash on inventory in a gloomy U.S. retail industry. Shares of Macy's were up 1 percent in premarket trading on Thursday. Rival Kohl's Corp, which also reported a better-than-expected rise in profit, was down 2...

  • Aug 10- Department store operator Kohl's Corp reported a 48.6 percent rise in quarterly profit from a year earlier, when it recorded charges of $128 million related to impairments and store closures. The company's net income rose to $208 million, or $1.24 per share, in the second quarter ended July 29 from $140 million, or 77 cents per share, a year earlier.