Department Stores

Jefferies & Co. is out with a research report on retailers, and thinks that Kohl's (NYSE: KSS) is likely to be helped by its favorable product mix. It has a Buy rating on shares. In a note to clients, Jefferies & Co. writes, "Among the companies in our universe reporting comp store sales...

Gainers: Accenture PLC (NYSE: ACN) is up over 5% after its addition to S&P 500 Index. LinkedIn (NASDAQ: LNKD) is up over 2% after JPMorgan rated the company Overweight and Bank of America rated the company as a New Buy with a price target of $92. TJX Companies (NYSE: TJX) is up over 1.5% after...

Libbey Inc (AMEX: LBY) appointed Stephanie Streeter as the company's Chief Executive Officer (CEO), effective August 1. Streeter served as interim Chief Executive Officer of the United States Olympic Committee from March 2009 to March 2010. Streeter presently serves on the Boards of Directors of...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that National Grid (NYSE: NGG) is a “high-yielding utility and I want to stick with it." Cramer said that he “likes Macy's (NYSE: M) but the stock has had a big run and the market's been choppy. I'll give it a thumbs up but the market...

Goldman Sachs is out with a research report on the retail sector, and it has a Neutral rating on the sector as a whole. It is positive on names like Lululemon (NASDAQ: LULU), Nordstrom (NYSE: JWN) and BJ's Wholesale (NYSE: BJ). In the note, Goldman writes, "We remain Neutral weighted on the...

Nordstrom, Inc. (NYSE: JWN) announced today that it has completed a new five-year $600 million senior unsecured revolving credit facility. The new facility replaces a $650 million senior unsecured revolving credit facility that was scheduled to mature in August 2012.

The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...

Wesley McDonald, Chief Financial Officer of Kohl's (NYSE: KSS), presented at the Jefferies Global Consumer Conference. “We thought his overall tone was good and we believe that, with an improvement in weather and promotional events in June, we should see a better comp store sales performance this...

Sears Holdings (NASDAQ: SHLD) is down over 2% after Fitch downgraded company's IDR to B from B+ and established negative outlook. The shares of Sears are currently trading at $73.29, which is a loss of 2.45%.

Citi is out with its report today on Macy's (NYSE: M), reiterating Buy. In a note to clients, Citi writes, "Macy's entered into a new bank credit agreement today, securing a $1.5 billion credit facility through June 2015. Its previous $2.0 billion facility was due to expire in August 2012. The...

Citi is out with its report today on JC Penney (NYSE: JCP), reiterating Buy. In a note to clients, Citi writes, "JCP provided greater clarity on the timing of the transition of leadership responsibilities to incoming CEO Ron Johnson. Mr. Johnson will assume immediate responsibility for JCP's core...

Brian Sozzi of Wall Street Strategies is out with a research note this morning on the potential economic fallout of a Greece default on the U.S. consumer, as well as the parallels of the situation in Greece to a couple of U.S.-based retailers. Sozzi says that enormous amounts of debt are prevalent...

Macy's, Inc. (NYSE: M) today announced that it has entered into a $1.5 billion bank credit agreement that will mature on June 20, 2015. It replaces a previous $2 billion facility which was set to mature on August 30, 2012. Joint lead arrangers for the new agreement are J. P. Morgan, Bank of...

The Board of Directors of J. C. Penney Company, Inc. (NYSE: JCP) today provided further detail regarding the leadership succession plans it announced last week, under which Ron Johnson will become the Company's chief executive officer, succeeding Myron E. (Mike) Ullman, III. Upon joining the...

Options Trading Investors Bullish on J.C. Penny (JCP) (Forbes) Earlier this week, reports that Ron Johnson, the head of retail at Apple Inc., was appointed CEO of J.C. Penney Co. sent the retailer's shares skyrocketing while 170,000 options trading contracts exchanged hands. In fact, options...