Retail Executive Finance News

05/17/2013 - 12:02pm
Nordstrom Q1 profit and sales disappoint

Nordstrom Inc. reported its first quarter net income fell a greater-than-expected 3%, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.

05/17/2013 - 12:01pm
Stages Stores Q1 loss widens

Stage Stores reported a loss of $6.9 million for the first quarter, compared with a loss of $418,000 for the year-ago period, as the retailer dealt with cool weather that put a damper on sales of spring apparel.

05/16/2013 - 4:14pm
Deloitte: Stable economic fundamentals keep consumer spending outlook on track

The Deloitte Consumer Spending Index (Index) dipped slightly in April, primarily due to an increase in the tax rate, while other economic fundamentals remain steady.

05/16/2013 - 10:29am
Kohl’s Q1 profit falls 5% but beats Street

Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales fell due to unseasonably cold weather in large parts of the United States.

05/16/2013 - 9:56am
Wal-Mart’s Q1 sales, profit disappoints; issues tepid Q2 outlook

Wal-Mart Stores on Thursday reported profit and sales that were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns.

05/15/2013 - 11:34am
Safeway stockholders approve BOD recommendations

Preliminary results from the Safeway annual stockholder’s meeting show that a majority of stockholders followed board of directors recommendations in electing each of the eight directors with a majority of at least 73%.

05/15/2013 - 11:32am
Macy’s Q1 profit up 20%

Macy’s reported increases in sales and income for the first quarter of 2013 compared to the same period a year earlier, despite cool weather that delayed spring shopping in key markets.

05/14/2013 - 5:08pm
Cache loss widens in Q1

Cache reported a loss of $18.5 million for the first quarter, widened from a loss of $1.2 million in the same quarter last year.

05/14/2013 - 5:03pm
New York City second to Hong Kong in world’s highest retail rents

CBRE Group released research findings on Tuesday that showed Hong Kong continued to keep its top spot as the world's most expensive global retail market, recording prime rents nearly 150% higher than New York City.

05/14/2013 - 4:58pm
Report: J.C. Penney stores, real estate worth $4.06 billion

A report by Reuters said that J.C. Penney Co.’s real estate holdings – including stores, DCs and headquarters – are worth a total of $4.06 billion.

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