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Kohl's Corporation Reports September Comparable Store Sales up 3.0%
Thursday, October 7, 2010 - 8:31am | 53Kohl's Corporation (NYSE: KSS) reported today that total sales for the five-week month ended October 2, 2010 increased 5.3 percent over the five-week month ended October 3, 2009. On a comparable store basis, September sales increased 3.0 percent. Year to date, total sales increased 8.5 percent and...
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Saks Incorporated Announces September Comparable Store Sales up 6.5%
Thursday, October 7, 2010 - 8:30am | 142Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $256.4 million for the five weeks ended October 2, 2010 compared to $242.2 million for the five weeks ended October 3, 2009, a 5.9% increase. Comparable store sales increased 6.5% for the month. On a quarter-to-date...
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Nordstrom Reports September Sales up 7.5%
Thursday, October 7, 2010 - 8:29am | 124Nordstrom, Inc. (NYSE: JWN) today reported a 7.5 percent increase in same-store sales for the five-week period ended October 2, 2010 compared with the five-week period ended October 3, 2009. Preliminary total retail sales of $810 million for September 2010 increased 12.5 percent compared with total...
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Dillard's, Inc. Reports Increased September Sales Results
Thursday, October 7, 2010 - 8:03am | 138Dillard's, Inc. (NYSE: DDS) announced today that merchandise sales for the five weeks ended October 2, 2010 were $532,298,000 compared to sales for the five weeks ended October 3, 2009 of $519,262,000. Total sales increased 3%. Sales in comparable stores increased 3% for the five weeks ended...
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Macy's, Inc. Same-Store Sales up 4.8%
Thursday, October 7, 2010 - 8:03am | 116Macy's, Inc. (NYSE: M) today reported total sales of $2.183 billion for the five weeks ended Oct. 2, 2010, an increase of 6.9 percent compared with total sales of $2.042 billion in the five weeks ended Oct. 3, 2009. On a same-store basis, Macy's, Inc. sales were up 4.8 percent in September. For the...
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A Peek Into The Market Before The Trading Starts
Thursday, October 7, 2010 - 7:48am | 459Pre-open movers US stock futures were mixed as investors are awaiting the start of the Q3 earnings season. Future for the Dow Jones Industrial Average fell 18 points to 10,888 and S&P 500 futures rose 1.20 points to 1,157. Futures on the Nasdaq 100 slipped 0.75 points to 2,004. A Peek Into...
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The Bon-Ton Stores, Inc. Announces September Sales up 5.9%
Thursday, October 7, 2010 - 7:31am | 63The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced comparable store sales for the five weeks ended October 2, 2010 increased 5.9%. Total sales for the five weeks increased 5.7% to $299.2 million compared with $282.9 million for the prior year period. Year-to-date comparable store sales...
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Call Buyers Looking for Upside in BP plc (NYSE:BP)
Thursday, October 7, 2010 - 7:12am | 1660BP plc (NYSE:BP) shares are pointed higher today as the price of crude gains momentum. One strike that caught my eye as I was looking at the stock's option chain yesterday was the April 55 call. More than 13,000 contracts had changed hands on this option by lunchtime. Prior to Wednesday, open...
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FBR Capital Initiates Coverage On JCP, ARO, URBN, LULU, JWN, KSS, CHS, AEO, M, CWTR, ANN, ANF
Wednesday, October 6, 2010 - 10:24am | 166FBR Capital Markets has initiated coverage on the following companies: JC Penney (NYSE: JCP) Underperform Aeropostale (NYSE: ARO) Underperform Urban Outfitters (NASDAQ: URBN) Market Perform Lululemon Athletica (NASDAQ: LULU) Market Perform Nordstrom (NYSE: JWN) Market Perform Kohl's (NYSE: KSS)...
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Costco's Magnificent Recovery
Wednesday, October 6, 2010 - 8:07am | 179The results of Costco Wholesale (NASDAQ: COST) for the September quarter were impressive, even if they are already priced into the retailer's shares. Net sales for the fiscal 2010 fourth quarter, the 16 weeks ended August 29, 2010, were $23.59 billion, an increase of 8%. Comparable store sales rose...
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Piper Jaffray Raises Price Target on Kohl's, Maintains Overweight
Wednesday, October 6, 2010 - 7:30am | 163Piper Jaffray is raising its price target to $59 on Kohl's Corporation (NYSE: KSS) while maintaining its overweight rating. Kohl's rose to the No. 10 ranking with 2% share in Piper's most recent Average Income Student Survey. This is the highest ranking Kohl's has received in the survey and is...
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Afternoon Market Update (SKS, RYL)
Tuesday, October 5, 2010 - 2:05pm | 192Saks Incorporated (NYSE: SKS) announced its plans to close two more stores, which will take the number of stores shut in FY10 to 7. The company said that it will shut down its Saks Fifth Avenue store in Southampton and Saks Fifth Avenue OFF 5TH in Reno on January 1. The Federal Reserve Bank of New...
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Double Dip Fears Recede As Department Store Stocks Rise 25%
Monday, October 4, 2010 - 10:01am | 290Double-dip fears recede as department store stocks have risen 25% in August, outperforming the S&P 9% increase. In a research report Goldman Sachs writes, "In our view, fears of a deteriorating macro environment and slowing SSS in 2H drove severe multiple contraction across department stores to...
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Barron's "Catch Up" List
Monday, October 4, 2010 - 8:35am | 599The stock market is still climbing a wall of worry greased with lies, according to Barron's. For anyone owning stocks this may come as comforting, however the staggeringly high number of takeover rumors looming may also provide some caution. According to Barron's "September's Standard & Poor...
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How Patty Edwards Went From Journalist To Retail Stock Guru
Friday, October 1, 2010 - 4:23pm | 830In a recent episode of Zing Talk, Benzinga had the opportunity to speak with Patty Edwards, founder of Trutina Financial (Storehouse Partners) and a CNBC contributor. To say that Patty has experience in managing investments would be an understatement, though she has not always had her eye on...