Department stores' February sales figure improves

2010-03-04T10:30:58Z

<div id="subtitle">February sales comparison is positive for most department store chains</div><div><p>Several department stores reported strong February sales in stores open at least on year on Thursday, saying consumers shopped more and bought spring merchandise despite winter storms in some areas.</p><p>Nordstrom Inc. was among the best performers. Sales in stores open at least one year rose 10.3 p...

Z SPOKE By Zac Posen Launch Party

2010-02-24T21:32:04Z

NEW YORK - FEBRUARY 24: Model Tiiu Kuik attends the Z SPOKE by Zac Posen launch party at Saks Fifth Avenue on February 24, 2010 in New York City. (Photo by Andrew H. Walker/Getty Images)

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Earns Saks

2010-02-24T06:01:04Z

A sign for Saks Fifth Avenue is shown at the department store, Tuesday, Feb. 23, 2010, in New York. Luxury retailer Saks Inc. said Wednesday, Feb. 24, its loss narrowed the fourth quarter compared with last year, when results were weighed down by a pension charge related to layoffs.(AP Photo/Mark Lennihan)

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Earns Sears Holdings

2010-02-23T16:45:59Z

In this photo made Monday, Feb. 22, 2010, a Sears television ad is seen on flat screen televisions at the Sears retail store in Burbank, Calif. Sears Holdings Corp. posted its best quarterly profit in three years, the department store chain said Tuesday. (AP Photo/ Damian Dovarganes)

Macy's focuses on localization, sees 4Q profit

2010-02-23T11:01:10Z

<div id="subtitle">Macy's moves to 4th-quarter profit on lower expenses; focuses on localization efforts</div><div><p>Tight inventory management and reduced expenses propelled Macy's Inc. back to a fourth-quarter profit Tuesday as the nation's second-largest department store operator begins to see its localization efforts come to fruition.</p><p>Macy's attempts to become leaner heading into 2010 were eviden...

Summary Box: Macy's 4th-quarter profit

2010-02-23T10:45:28Z

<div id="subtitle">Macy's returns to a 4th-quarter profit; focuses efforts on its localization drive</div><div><p>THE RESULTS: Macy's Inc. returned to a fourth-quarter profit, helped by leaner inventory and lower expenses. Adjusted results beat analyst estimates.</p><p>THE NEW APPROACH: Macy's is concentrating its efforts on its localization drive, called My Macy's. The plan seeks to concentrate Macy's top ...

Macy's swings to profit; shares slip

2010-02-23T05:30:23Z

<div><p>CHICAGO (Reuters) - Macy's Inc <M.N> posted better-than-expected quarterly profit on Tuesday and forecast same-store sales growth this year of 1 percent to 2 percent.</p><p>The U.S. department store operator re...

JC Penney profit beats, sees sales rise; shares up

2010-02-22T08:20:31Z

&lt;div&gt;&lt;p&gt;NEW YORK (Reuters) - Department store operator J.C. Penney Co Inc &amp;lt;JCP.N&amp;gt; reported a higher-than-expected quarterly profit and said same-store sales would improve during 2010, sending its shares up nearly 7 percent.&lt;/p&gt;&lt;p&a...

U.S. department stores in fight for market share

2010-02-22T08:27:22Z

<div><p>NEW YORK (Reuters) - U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown.</p><p>That's the easy part.</p><p>The hard part for laggards like Saks Fifth Avenue New York City, USA - 11.02.10

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jimmy choo launch

2010-02-12T18:02:46Z

Meredith Ostrom at the launch of CHOO 24:7 at Saks Fifth Avenue New York City, USA - 11.02.10

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Cadmium Jewelry

2010-02-04T15:46:33Z

This photo provided by Charles Margulis taken on Feb. 1, 2010 in Oakland, Calif. shows a black-colored link necklace purchased at the retailer Off 5th, the outlet chain of Saks Fifth Avenue. Concern about the heavy metal cadmium in jewelry grew Tuesday Feb. 2, 2010, as a California envir...

Dillard's Inc. sales figure drops for January

2010-02-22T11:54:35Z

<div id="subtitle">Dillard's department stores report 5 percent drop in sales at stores open at least a year</div><div><p>The Dillard's Inc. department store chain says sales at its stores that have been open at least a year fell 5 percent in January from a year earlier.</p><p>The figure released Thursday was lower than the 8 percent decline that analyst...

Sector Wrap: Department store stocks slip

2010-02-22T23:18:40Z

<div id="subtitle">Department store stocks slip as Goldman Sachs downgrades Macy's, predicting 'muted' recovery</div><div><p>Shares of department stores dipped Friday after an analyst downgraded Macy's Inc., saying a "muted" sales recovery during the year will only offer a limited boost to department store pr...

Saks December sales comparison jumps

2010-02-23T00:04:49Z

<div id="subtitle">Saks sales comparison rises in December, helped by shift of designer clearance event</div><div><p>Luxury retailer Saks Inc. said Thursday that sales in stores open at least one year jumped 9.9 percent in December, helped by a designer clearance event, but fell during the overall holiday period.</p><p>Analysts surveyed by Macy's will shutter 5 stores in US that employ 307 workers, including stores in NJ and Idaho</div><div><p>Department store operator Macy's Inc. said Tuesday it will close five underperforming stores and cut about 307 staff positions at those sites.</p><p>The company said the closures ...

S&P puts Dillard's on positive credit watch

2010-02-23T12:53:37Z

<div id="subtitle">S&amp;P puts department store operator Dillard's on credit watch with positive implications</div><div><p>Standard &amp; Poor's said Monday it has put the ratings of department store operator Dillard's Inc. on credit watch with positive implications since it has reduced its outstanding debt.</p><p>S&amp;P said Di...

Sector Snap: Department store stocks mostly fall

2010-02-23T21:24:20Z

<div id="subtitle">Shares of department store operators mostly drop as key sales figures disappoints</div><div><p>Shares of department store operators mostly declined Thursday as many reported lackluster November sales at stores open at least a year.</p><p>This sales figure is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.</p>&l...

S&P upgrades Saks outlook to stable from negative

2010-02-23T22:47:22Z

<div id="subtitle">Standard &amp; Poor's upgrades outlook on Saks to stable from negative, affirms other ratings</div><div><p>Standard &amp; Poor's Ratings Services upgraded its outlook on high-end department store retailer Saks Inc. to stable from negative Monday, based on the retailer's improved cash position.</p><p>S&amp;P said the compa...

Fitch boosts outlook on Bon-Ton Stores

2010-02-24T02:42:52Z

<div id="subtitle">Fitch lifts Bon-Ton Stores outlook, cites amended credit agreement, Moody's to review ratings</div><div><p>Fitch Ratings raised its outlook for Bon-Ton Stores Inc. on Friday from "Negative" to "Stable," citing the department ...

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