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C. Penney Company, Inc. March Sales Down 0.3%
Thursday, April 7, 2011 - 8:32am | 99J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the five-week period ended April 2, 2011, decreased 0.3 percent. Online sales through jcp.com increased 7.6 percent over last year, while total company sales decreased 4.0 percent for the month. As expected...
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Nordstrom Reports Comps Up 5.1% (JWN)
Thursday, April 7, 2011 - 8:28am | 14Nordstrom Reports Comps Up 5.1% (NYSE: JWN)
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Nordstrom March Sales up 5.1%
Thursday, April 7, 2011 - 8:28am | 56Nordstrom, Inc. (NYSE: JWN) today reported a 5.1 percent increase in same-store sales for the five-week period ended April 2, 2011 compared with the five-week period ended April 3, 2010. Preliminary total retail sales of $897 million for March 2011 increased 10.1 percent compared with total...
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Brian Sozzi Still Long on Macy's (M)
Thursday, April 7, 2011 - 8:20am | 45Brian Sozzi just tweeted that he is still long on Macy's (NYSE: M). Sozzi said he likes the comments this morning and that the company is way too cheap.
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Dillard's Reports March Same-Store Sales -1.0% vs. -3.8% Consensus (DDS)
Thursday, April 7, 2011 - 8:06am | 19Dillard's Reports March Same-Store Sales -1.0% vs. -3.8% Consensus (NYSE: DDS)
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Dillard's, Inc. March Sales Down 1%
Thursday, April 7, 2011 - 8:02am | 107Dillard's, Inc. (NYSE: DDS) announced today that merchandise sales for the five weeks ended April 2, 2011 were $519,844,000 compared to sales for the five weeks ended April 3, 2010 of $526,858,000. Total sales decreased 1%. Sales in comparable stores decreased 1% for the five weeks ended April 2,...
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Macy's, Inc. March Same-Store Sales Up 0.9%
Thursday, April 7, 2011 - 8:00am | 52Macy's, Inc. (NYSE: M) today reported total sales of $2.207 billion for the five weeks ended April 2, 2011, an increase of 1.6 percent compared with total sales of $2.172 billion in the five weeks ended April 3, 2010. On a same-store basis, Macy's, Inc. sales were up 0.9 percent in March.
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The Bon-Ton Stores March Sales Down 6.1%
Thursday, April 7, 2011 - 7:30am | 63The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced comparable store sales for the five weeks ended April 2, 2011 decreased 6.1%. Total sales decreased 6.6% to $254.5 million for the five weeks compared with $272.4 million for the prior year period. Year-to-date comparable store sales...
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Straddle Earnings 04-06-2011
Wednesday, April 6, 2011 - 7:10pm | 959Cusick's Corner The market is now gearing up for earnings and a lot of readers are asking how can we strategize for these events. Strategically you can plan for these events based on your interpretation of volatility, and in options that is measured by Implied Volatility. This is confusing so I...
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Equity Markets at Even Keel 04-06-2011
Wednesday, April 6, 2011 - 3:04pm | 863Cusick's Corner Action in Asia and the EU overnight and into the morning was positive enough to keep the equity markets at an even keel. There also has been a lot of action in Gold, GCJ11 +6, which is being built into a lot of portfolios as a currency play or a market uncertainty play. We are...
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Options Brief: J. C. Penney Company (JCP)
Wednesday, April 6, 2011 - 10:26am | 89Shares of J. C. Penney Company (NYSE: JCP) are lower on the session by 0.24%, trading at $36.66. Overall call volume is now running at 2.56x the daily average, with 68% of all calls traded being purchases on the offer. 8,083 contracts have traded on the session so far. J. C. Penney Company, Inc...
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JC Penney Ticks Higher On M&A Rumors (JCP)
Wednesday, April 6, 2011 - 9:55am | 83JC Penney (NYSE: JCP) ticks higher today on rumors that the company is exploring strategic alternatives. At last check, shares of JC Penney were trading over 1.5% higher than yesterday's close. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware...
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Sears and Kmart Announce Exclusive Home Products Line with TV Star Sandra Lee
Tuesday, April 5, 2011 - 11:01am | 102TV star, entrepreneur and bestselling author Sandra Lee has entered into a direct-to-retail license agreement with Sears Holdings (NASDAQ: SHLD) for home products. The exclusive collection of home products, Sandra by Sandra Lee, will be available in Sears and Kmart stores in spring 2012. The...
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Citi Reiterates Buy on Nordstrom (JWN)
Tuesday, April 5, 2011 - 8:29am | 135Citi is out with its report today on Nordstrom (NYSE: JWN), reiterating Buy. In a note to clients, Citi writes, "In 2010, JWN experienced a same-store sales increase of 8.1% (vs. (-4.2)% in 2009), which was the highest in our coverage universe. Additionally, gross margin increased +118 bps (on top...
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Kohl's Department Stores Announces Completion of Private-Label Credit Card Portfolio Transfer to Capital One
Tuesday, April 5, 2011 - 8:09am | 71Kohl's Department Stores (NYSE: KSS) today announced the completion of its private-label credit card portfolio transfer to Capital One Financial Corporation (NYSE: COF), effective as of April 1, 2011. Capital One has acquired the more than 20 million existing Kohl's Charge accounts and through the...