Department Stores

On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors.   The Dow Jones Industrial...

On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors.   The Dow Jones Industrial...

Same-store sales for the five-week period ending January 1, 2011, of  Nordstrom Inc. (JWN) grew 8.4%. Total retail sales in December 2010 improved 11.9% from $1.25 billion in December 2009 to gross $1.39 billion. The company reported an increase in same-store sales of 8.3% year to date. Total...

In a disappointing nonfarm payroll report for December, fewer than expected jobs were created. The ‘miss' was particularly striking given the many other reports that were pointing otherwise. On the positive side, the originally reported numbers for the prior two months were revised upwards and the...

Gap Inc (The) (NYSE: GPS) was downgraded by Nomura from "buy" to "neutral." GPS' shares closed at $20.70 yesterday. Gap's trailing-twelve-month profit margin is 8.19%. JC Penney Company Inc (NYSE: JCP) was downgraded by Morgan Stanley from "equal weight" to "underweight." JCP' stock closed at $32....

Nordstrom Inc (NYSE: JWN) was upgraded by Morgan Stanley from "equal weight" to "overweight." JWN's shares closed at $42.94 yesterday. Nordstrom's trailing-twelve-month ROE is 33.51%. Wells Fargo upgrade Frontier Communications Corporation (NYSE: FTR) from "market perform" to "outperform." FTR's...

Same-store sales for the five-week period ending January 1, 2011, of  Nordstrom Inc. (JWN) grew 8.4%. Total retail sales in December 2010 improved 11.9% from $1.25 billion in December 2009 to gross $1.39 billion. The company reported an increase in same-store sales of 8.3% year to date. Total...

• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...

Shares of Dillard Department Stores Inc (NYSE: DDS) gained about 1.3% after the retailer reported 7% rise in its December sales at stores open at least one year. However, analysts were expecting 3% rise in same-store sales. DDS' total sales for the same period surged 6% y/y to $1.07 billion. The...

• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...

J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the five-week period ended Jan. 1, 2011, increased 3.7 percent over last year with fine jewelry and women's accessories reporting the strongest results. Geographically, the best performing regions were the...

Kohl's Corporation (NYSE: KSS) reported today that total sales for the five-week month ended January 1, 2011 increased 5.9 percent over the five-week month ended January 2, 2010. On a comparable store basis, December sales increased 3.9 percent. Year to date, total sales increased 7.2 percent and...

Macy's, Inc. (NYSE: M) today reported total sales of $4.619 billion for the five weeks ended Jan. 1, 2011, an increase of 4.5 percent compared with total sales of $4.422 billion in the five weeks ended Jan. 2, 2010. On a same-store basis, Macy's, Inc. sales were up 3.9 percent in December. Same-...