TORONTO, April 4- Department store operator Hudson's Bay Co reported a quarterly loss on Tuesday, due in part to an impairment charge related to weak sales at Saks OFF 5 TH and Gilt. The retailer posted a net loss of C $152 million, or 83 Canadian cents per share, in the fourth quarter ended Jan. 28, compared with net income of C $370 million, or C $1.88 per diluted share, a...
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...
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...
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.
Britain's biggest retailer Tesco reported a 0.7 percent rise in underlying Christmas sales in its home market, capping a year of recovery with a solid performance over the key festive period.
Tax officials have launched a crackdown on VAT evasion by overseas online retailers, the Financial Times reports.
Dollar General, the No.2 U.S. discount retailer, reported lower-than-expected quarterly net sales as consumer spending showed few signs of recovery.
Department store operator Kohl's quarterly same-store sales were hurt by colder-than-usual weather in February.
Wal-Mart is raising wages because worker pride is vital to running a good retail business, CEO Doug McMillion tells CNBC.
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.