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Options Brief: Saks Incorporated (SKS)
Tuesday, March 8, 2011 - 4:45pm | 79Shares of Saks Incorporated (NYSE: SKS) are higher on the session by 4.30%, trading at $12.36. Overall put volume is now running at 6.72x the daily average, with 97% of all puts traded being purchases on the offer. 1,060 contracts have traded on the session so far. Saks Incorporated is a fashion...
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Macerich Acquires Full Ownership of Desert Sky Mall in Arizona for $27.6M
Monday, March 7, 2011 - 1:44pm | 132Macerich (NYSE: MAC) today announced the purchase of the remaining 50% ownership stake in Desert Sky Mall from J.C. Penney Co.'s (NYSE: JCP) JCP Realty. The total purchase price was $27.6 million which included the assumption of a pro rata share of the property debt. Concurrent with the...
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Deutsche Bank Gives Color On Saks Inc Following Management Meeting
Monday, March 7, 2011 - 9:15am | 236After management meetings, Deutsche Bank says Saks's (NYSE: SKS) core customer is back, spending w/ strength, and not shying away from even the highest price pt products. Saks is the emerging leader within the luxury dept store sector, poised to surpass their 8% EBIT margin goal and on a trajectory...
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Best Buy Closures Show China Ain't For Everyone
Friday, March 4, 2011 - 12:52pm | 533By Kristin Graham China isn't for everyone. That's the answer I offer to the numerous individuals who question my decision to live here. It's also the answer the Chinese gave to Best Buy (BBY). The retailer announced it's closing down its 9 Best Buy branded locations across China. I am far from...
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Citi Discusses February Same Store Sales (JWN, BJ, SKS)
Friday, March 4, 2011 - 8:39am | 184Citi Investment Research is out with a research note discussing February same store sales of retailers like Nordstrom (NYSE: JWN), BJ's Wholesale (NYSE: BJ), and Saks (NYSE: SKS). In the research note, Citi writes, "February was better-than-expected, with BJ, JCP, JWN, and SKS exceeding our...
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Fast Money Picks For March 4th (WMT, BX, M, BG, ADM)
Thursday, March 3, 2011 - 8:43pm | 211On CNBC's Fast Money, Tim Seymour said that he would buy Wal-Mart Stores, Inc. (NYSE: WMT) at $52. Wal-Mart Stores, Inc. (WMT) gained 0.08% in the regular trading session, and it closed at $52.01. In the after hours, it jumped 0.88% to $52.47. Guy Adami thinks that The Blackstone Group L.P. (NYSE...
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News Summary
Thursday, March 3, 2011 - 10:41am | 215Shares of Walgreen Co (NYSE: WAG) dropped about 0.9% after the retailer reported a 3.8% rise in its February same-store sales. However, analysts were expecting a rise of 3.5% in same-store sales. WAG’s total February sales rose 7.8% to $5.73 billion. Shares of Wendy's/Arby...
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J. C. Penney February Sales up 6.4%
Thursday, March 3, 2011 - 9:34am | 92C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the four-week period ended Feb. 26, 2011, increased 6.4 percent, with all divisions reporting an increase over last year. Women's apparel and accessories, children's apparel, and fine jewelry...
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Kohl's Corporation February Sales up 5%
Thursday, March 3, 2011 - 9:32am | 42Kohl’s Corporation (NYSE: KSS) reported today that for the four-week month ended February 26, 2011 total sales increased 7.1 percent and comparable store sales increased 5.0 percent over the four-week month ended February 27, 2010.
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Saks February Sales up 15.3%
Thursday, March 3, 2011 - 9:31am | 50Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $196.2 million for the four weeks ended February 26, 2011 compared to $171.7 million for the four weeks ended February 27, 2010, a 14.2% increase. Comparable store sales increased 15.3% for the month.
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Nordstrom February Sales up 7.3%
Thursday, March 3, 2011 - 9:29am | 62Nordstrom, Inc. (NYSE: JWN) today reported a 7.3 percent increase in same-store sales for the four-week period ended February 26, 2011 compared with the four-week period ended February 27, 2010. Preliminary total retail sales of $606 million for February 2011 increased 12.3 percent...
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Retailers Fail To Meet Comps Expectations (DDS, WAG, TGT, GPS, M)
Thursday, March 3, 2011 - 9:08am | 1248am comps today were pretty disappointing for the retail sector. Dillard's (NYSE: DDS) failed to meet comps estimates of +2.4%, coming in at -1%. Walgreen (NYSE: WAG) failed to beat comps estimates of +3.6%, coming in at +3.1%. Target (NYSE: TGT) failed to beat comps estimates of +2.0%, coming in...
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Macy's, Inc. Same-Store Sales up 5.8% in February
Thursday, March 3, 2011 - 9:02am | 62Macy’s, Inc. (NYSE: M) today reported total sales of $1.765 billion for the four weeks ended Feb. 26, 2011, an increase of 5.9 percent compared with total sales of $1.667 billion in the four weeks ended Feb. 27, 2010. On a same-store basis, Macy’s, Inc. sales were up 5.8...
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Dillard's, Inc. February Sales down 1%
Thursday, March 3, 2011 - 9:02am | 56Dillard’s, Inc. (NYSE: DDS) announced today that merchandise sales for the four weeks ended February 26, 2011 were $492,611,000 compared to sales for the four weeks ended February 27, 2010 of $499,191,000. Total sales decreased 1%. Sales in comparable stores decreased 1% for the...
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The Bon-Ton Stores February Comparable Store Sales down 0.5%
Thursday, March 3, 2011 - 8:34am | 51The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced comparable store sales for the four weeks ended February 26, 2011 decreased 0.5%. Total sales decreased 1.1% to $197.7 million for the four weeks compared with $199.9 million for the prior year period.