Department Stores

Nordstrom, Inc. (NYSE: JWN) announced today the appointment of Felicia D. Thornton and B. Kevin Turner to the company's Board of Directors, effective November 16, 2010.

Saks (NYSE: SKS) hearing France luxury giant LVMH in a hurry to boost US exposure ..source says there is speculation that Saks has been earmarked as most probable target. If LVMH makes a move, we may see a bid over $15-per-share

Deutsche Bank has increased its price target and EPS estimate on Saks (NYSE: SKS) following 3Q10 results. In 3Q, SKS's EPS was $0.06, ex-items, which was double the consensus estimate. Q3:10 sales increased 4.3% on a +5.7% comp compared to -10.1% LY. Deutsche Bank writes, "Saks currently trades at...

Saks Inc.'s (NYSE: SKS) Q3 EPS of $0.06, ex-items, was above the $0.03 Consensus and up LY, Deutsche Bank reports. “Strong inventory mgmt, full-priced selling, and less promotional activity helped drive gross margins up +227bp y/y, above our estimate,” Deutsche Bank writes. “SG&A deleveraged as...

Shares of Nordstrom Inc. (NYSE: JWN) are currently down 3.3% at $40.47 per share during Tuesday afternoon trading. Today's trading range for shares of Nordstrom Inc has been between $39.92 and $41.48 per share. The consensus price target of analysts covering the company's stock is $44.47 per share...

Shares of Perfect World (NASDAQ: PWRD) dipped around 15% after the company reported a sharp decline in its Q3 earnings. Analysts at Credit Suisse and Citigroup both downgraded PWRD to “sell” rating. Shares of Saks Inc (NYSE: SKS) lost more than 1% after the company reported its Q3 results. The...

Saks Incorporated (NYSE: SKS) is up more than 3.5% this morning after the luxury retailer reported better than expected earnings this morning. Saks reported earnings of 20 cents per share. Excluding items, it reported 6 cents per share, 3 cents better than Wall Street estimates. Revenues rose to...

Nordstrom Inc. (JWN) posted earnings growth of 42.6% to reach 53 cents a share in the third quarter of fiscal 2010 from 38 cents earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of 51 cents. Quarterly Details Nordstrom's same-store sales and top-line trends...

Piper Jaffray is reiterating its Overweight rating on shares of Nordstrom, Inc. (NYSE: JWN) following the company's FQ3 report in which “EPS beat our estimate by two cents on better than expected gross margin.” “Same-store sales growth accelerated from Q2 into Q3 on a two-year basis, and we believe...

Saks Incorporated (NYSE: SKS) today announced results for the third quarter and nine months ended October 30, 2010. For the third quarter ended October 30, 2010, the Company recorded net income of $36.3 million, or $.20 per diluted share.

J.P. Morgan Chase & Co. has a Neutral rating and a $40 price target on Nordstrom, Inc. (NYSE: JWN) after the company reported earnings yesterday after the bell. In a note sent to clients, J.P. Morgan writes, "However, reading between the lines, management's outlook for “flattish” comps in 4Q...

Nordstrom Inc. (NYSE: JWN) released financial results on Monday after the market closed that just beat Wall Street estimates. Nordstrom Inc announced that its 3rd quarter net earnings climbed 42.6% to $119 million, or 53 cents per share, from $83 million, or 38 cents per share, a year earlier. The...