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Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc .Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at least a year, and gave a profit forecast for the second quarter that missed Wall Street estimates. The world's largest retailer expects same-store sales at its namesake U.S. discount chain to be up 2 percent at best in the current quarter.Kohl's Corp , a department store chain that caters to lower-to-middle income families, posted a 1.9 percent decline in same-store sales. Last week, J.C. Penney Co Inc , dealing with some self-inflicted problems, said its same-store sales fell 16.6 percent. Dillard's Inc reported a 1 percent increase."We are seeing some weakness amongst our more budget-conscious, what we call deal-hunting, customers," Macy's Chief Financial Officer Karen Hoguet told analysts this week.Macy's ...
J.C. Penney Co. (JCP), in a filing Tuesday morning, admitted mistakes of the recent past and laid out its strategy going forward, including affirming it is returning...
Consumer-related stocks, at the vanguard of this year's rally, may face particular headwinds this week as retailers report earnings and a slew of consumer data hits ...
With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage "Sell in May and Go Away" is starting to look weak.C...
Earnings from retailers and lots of economic data related to inflation and housing will keep investors busy next week.Bellwether retailers scheduled to release their...
Investors are gearing up for next week's slew of quarterly reports from some of the largest U.S. retailers. Macy's Inc. (M) kicks things off Wednesday, followed by W...
You've probably heard the old adage: "Sell in May and go away." It's a nice little rhyme, and it does have a basis in the market's seasonal patterns. Historically, t...
J.C. Penney Co Inc has borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory as the department store operator revamps its busi...
J.C. Penney Co Inc said on Monday that it was borrowing $850 million from its $1.85 billion revolving credit facility to help buy inventory as the department store o...
Retailers posted tepid sales for a second month in a row, with March blasted by cold weather and a still-uncertain consumer, much like February. Retailers were also ...
Retailers are posting tepid sales for a second month in a row, with March blasted by cold weather and a still-uncertain consumer, much like February.Spring and summe...
Myron "Mike" Ullman's return to the helm at J.C. Penney Co Inc unnerved investors, who said his experience was welcome but was not a cure-all for the retailer's slid...
It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson.The struggling department store chain is poised to open the first of its new home goods boutiques...
Retailer J.C. Penney Co Inc's operating margins plunged in the first quarter on weak sales and heavy clearance deals, as its new chief executive promised more promot...
Kohl's Corp.'s (KSS) fiscal first-quarter earnings fell 4.5%, hurt by slightly lower sales, but the results beat Wall Street expectations.Shares of the department-st...
Kohl's (NYSE:KSS) posted a decline in first-quarter earnings on Thursday amid weaker-than-expected sales but revealed a surprise bottom-line beat and an in-line curr...
Among the companies with shares expected to actively trade in Thursday's session are Cisco Systems Inc. (CSCO), Wal-Mart Stores Inc. (WMT) and Kohl's Corp. (KSS).Cis...
Department store chain Kohl's Corp reported a quarterly profit well ahead of analysts' expectations after cost cuts boosted margins, sending its shares up 7 percent ...
Kohl's Corp.'s (KSS) fiscal first-quarter earnings fell 4.5% as the department-store operator was hurt by slightly lower sales that offset the benefit of stronger ma...
Kohl's Corp. said Thursday its first-quarter profit fell to $147 million, or 66 cents per share, compared to $154 million, or 63 cents per share a year earlier. The ...