Hints and tips:
...“A lot of these changes were happening before: the shift to e-commerce, the slow decline of department stores and multi-brand retail stores, greater focus on sustainability and supply chains, materials,...
...The data follow indications from department store chains Macy’s, Kohl’s and Nordstrom last week that sales at reopened stores were improving from their depths, while monthly auto sales also climbed in May...
...A strong and steady ROIC and healthy balance sheet further cement the investment case....
...In recent weeks Next has been trading on its biggest ever valuation premium to both Kingfisher and M&S....
...And RBC: We expect sentiment on Next to continue to swing, as it’s perceived either as a strong online and potential cash-returns story, or as a mature, overearning department store....
...Sears, the once dominant department store chain, narrowly avoided outright liquidation....
...Every Debenhams department store used to have a very big, flash fur department. All those have gone.”...
...Shares in the department store were down about 7 per cent from the start of the year through to the end of August....
...The S&P 500 department store sector has fallen more than 21 per cent this year....
...The biggest activist fight — Nelson Peltz v Procter & Gamble — was only recently settled, two months after a shareholder vote....
...However, JCPenney shares dropped 3.7 per cent to $7.57 after the company became the latest department store chain to post downbeat holiday results, following weak numbers from Macy’s, Kohl’s and Sears....
...A simple post-Christmas task to ease you back in after all the turkey: build a bear case for the department store. It should be straightforward....
...For a start, the world’s most cluttered department store, with far more stock keeping units than any other in the world, is of course Tokyu Hands....
...The S&P 500 gained 0.1 per cent to 2,039.33, while the Dow Jones Industrial Average advanced 0.2 per cent to 17,652.79. The Nasdaq Composite climbed 0.1 per cent to 4,680.14....
...(Guardian) Tesla Elon Musk’s car company is expected to unveil a battery for homes that will enable users to store solar energy and lessen reliance on the grid....
...Only in 2004, when it moved into the newly built Cape Town International Convention Centre, added the expo component and signed department store Woolworth as a sponsor, did the event start drawing attention...
...Department store chained A highly competitive market in which consumers’ disposable incomes are still under pressure: Michael Sharp, chief executive of Debenhams, is not making much of an investment case...
...It is a problem shared by discount or mass-market department stores as far afield as Australia and Germany....
...More importantly, he was pleased that V&S got in touch with him when it did. “If I had received that letter a day later, it would have been a very different story,” Bolton says....
...Mid-market department store chain Kohl’s was one of the few companies to disappoint with its same-store sales figure. It slipped 1.6 per cent to $48.87....
...Kohl’s led fallers in the S&P 500, down 6.4 per cent to $50.37 after same-store sales came in 6.2 per cent lower than November 2010....
...Kohl’s, one of the five biggest US department-store chains by sales, said third-quarter profit rose 20 per cent to $211m, driven by the launch of a Jennifer Lopez range of clothing....
...The S&P 500 index closed at its highest level since August 4, despite poor consumer confidence data and a rough day for department stores....
...“The recent ISM data, the same store sales figures and the ADP report all bolsters the case that the soft patch was indeed just a temporary blip,” said Karyn Cavanaugh, market strategist with ING Investment...
...A judge in Regina v....
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