Department store decline
US: Kohl’s cautious after Q4 profit falls 18.4%
Department store operator Kohl’s Corporation is planning conservatively for 2009 after fourth quarter profit fell 18.4% to US$336m. Net sales…
In the money: Department stores re-size for recession
Times are tough for US department stores, with Macy's, Saks Inc, Nordstrom, TJX, Kohl's and JC Penney all posting tumbling…
US: Sears Q4 profit more than halves
Fourth quarter profit at Sears Holdings has more than halved after the US department store group was hit by falling…
US: Saks swings to FY net loss as sales decline
US retailer Saks Inc has swung to a full-year loss as sales declines and aggresive promotions eroded margins. Fiscal net loss…
US: Macy’s maintains guidance despite Q4 profit slump
Department store group Macy’s Inc is sticking by its forecasts for 2009 despite seeing its fourth quarter profit more than…
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US: Target Q4 profit drops 41%
US discount retailer Target Corp posted a 41% drop in fourth-quarter net income today (24 February) as the company struggled…
US: Nordstrom Q4 profit tumbles 68%
Despite posting a 68% slump in fourth quarter profit yesterday (23 February), shares in Nordstrom surged after the retailer’s sales…
US: JC Penney FY net income down 48.5%
US retailer JC Penney Company has reported a 48.5% drop in full-year profit following a "sharp deterioration" in consumer spending.…