February sales comparison is positive for most department store chains 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. Nordstrom Inc. ...
<div id="subtitle">Mervyns files for Chapter 11 bankruptcy protection, latest casualty in harsh retail climate</div><div><p>Department store chain Mervyns LLC filed for bankruptcy protection on Tuesday, the latest in a series of merchants stumbling in the harsh retail environment and another blow to the ...
<div id="subtitle">Department store shares fall amid worries about sluggish July sales</div><div><p>Shares in the nation's department stores fell Friday amid concerns that the sector would post sluggish July sales results on Thursday.</p><p>Macy's Inc.'s stock was down almost ...
<div id="subtitle">'Country Living', Sears Holdings partner for new line of home decor for Sears, Kmart stores</div><div><p>A new line of housewares and furniture bearing the name of Country Living magazine will debut at Sears and Kmart stores this fall, executives said Monday.</p><p ...
<div id="subtitle">Macy's will close 11 underperforming stores in 9 states; Dec. same-store sales fall 4 percent</div><div><p>Department-store operator Macy's Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth ...
<div><p>US department chain Macy's said Thursday it would close 11 underperforming stores amid tough economic conditions and reported sales fell sharply in the critical year-end holiday shopping season.</p><p>"These closings are part of our normal-course process to prune underperforming locations each year in ...
<div id="subtitle">Stores confirm holiday shopping season was weakest in decades; more discounts probably ahead</div><div><p>Dismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 — not only more sharp discounts and cheaper groceries ...
<div><p><p>Retailers reported dismal sales figures for December yesterday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy.</p> <p>The same-store sales tally by the International Council of Shopping Centers-Goldman Sachs ...
<div id="subtitle">Gottschalks files for Chapter 11 bankruptcy protection, puts itself up for sale</div><div><p>Retailer Gottschalks Inc. says it put itself up for sale and has filed to reorganize in a Chapter 11 bankruptcy.</p><p>The Western department store chain has assets of ...
<div id="subtitle">Macy's to cut 7,000 positions and slash dividend to 5 cents, targeting savings of $400M</div><div><p>Macy's Inc. announced Monday that it will eliminate 7,000 jobs, almost 4 percent of its work force, and cut capital spending, reduce its contributions to its employees ...
