Department store decline
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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…
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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…
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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.…
