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Retail Multiline Retail

  • Credit Suisse released a list of "seven retail sins," listing problems faced by retailers evident in earnings reports over the past weeks.

  • ISTANBUL, Aug 21- Turkish discount retailer Sok is planning an initial public offering in 2018, two sources familiar with the matter told Reuters, the latest sign that Turkey's IPO market may be coming back to life. Sok, with more than 4,700 stores and 21,000 employees, is one of Turkey's biggest discount retailers, selling groceries, fresh produce and household...

  • *FY18 EPS forecast $3.87- $3.94 vs. est. Despite the challenges of declining foot traffic in U.S. department stores, Estee Lauder has been benefiting in global markets such as Italy and China, where more customers are visiting brick-and-motor stores. Sales in Europe, the Middle East and Africa, and in Asia-Pacific climbed 11.4 percent to $1.72 billion in the fourth...

  • *FY18 EPS forecast $3.87- $3.94 vs. est. Despite the challenges of declining foot traffic in U.S. department stores, Estee Lauder has been benefiting in global markets such as Italy and China, where more customers are visiting brick-and-motor stores. Sales in Europe, the Middle East and Africa, and in Asia-Pacific climbed 11.4 percent to $1.72 billion in the fourth...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc warned on Thursday that this quarter's earnings could miss Wall Street's estimates as the world's biggest retailer struggles with falling margins due to price-cutting and heavy spending on its e-commerce operations. Wal-Mart has also been cutting grocery prices to remain competitive against discounters like...

  • *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...

  • 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.

  • 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.

  • The upscale Seattle- based clothing and accessories retailer also slightly raised its full-year earnings forecast to $2.85- $3 per share from $2.75- $3 per share, and said it now expected net sales for the year to increase about 4 percent instead of 3-4 percent. Nordstrom, which has fought back by investing in its own off-price discount chain, Nordstrom Rack, said...

  • *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.

  • YAMAMOTO-CHO, Japan, Aug 9- A new breed of younger, business- and tech-savvy farmers are transforming Japan's shrinking agriculture sector with cutting edge techniques and marketing strategies, giving new hope to an industry in slow decline. He markets his "Migaki Ichigo" brand strawberries directly to fancy department stores in Tokyo, where they go for as much...

  • A college student shops for backpacks with her little sister while back to school shopping in Dedham, MA.

    Jefferies reined in expectations for back-to-school sales after its survey showed shifts in customer intentions to buy apparel this fall.