August same-store sales disappointing for retailers
A disappointing back-to-school season resulted in lower-than-anticipated August sales for many retailers. Discounter Wal-Mart Stores Inc. reported an increase in same-store sales of 4.3 percent but reported sales as "sluggish." Target Corp. reported a 0.1-percent drop in August same-store sales, and
May Department Stores fell 8.6 percent. Sales were lower than expected for many department store retailers, with Sears, Roebuck & Co. posting an 11.1-percent drop and Federated Department Stores falling 5.8 percent. Kohl's Corp. sales rose 4 percent, but were less than the expected gain of 6.1 percent. Perhaps the biggest story may be J.C. Penney Corp. Inc.'s success with a 2.9-percent rise in August sales--beating its anticipated increase of 2.1 percent.
In addition, make sure to read these articles:
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- Retail Chains Predict Sluggish Holiday
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- J.C. Penney Corp. Inc. (People on the move).
- Federated Acquires Two JCPenney Stores in Hawaii
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- Federated acquires two JCPenney stores in Hawaii
- J.C. Penney names new chief executive
- A unifying turnaround
- Book of Lists: The Editorial Advisory Board
- ADVISORY/Federated Department Stores and IBM HostConference.
- S&P Raises Federated Department Stores Sr UnsecdDbt to BBB-.
- Federated Department Stores Teams With IBM to LaunchMacys.com in Time for the Holiday...
Easter sales fell below retailer's expectations, with many big-name retailers reporting lower than expected sales results.
As retailers report their July sales results, Chico's FAS Inc. shines with stellar performance.
Retail sales declined for several major chain and department store retailers in April, despite the Easter holiday boost.
Both Wal-Mart Stores Inc. and Federated Department Stores today reported weak sales for the first half of December according to CNN.com. Wal-Mart and Federated, the ......
Back-to-school spending for the month of August has not met expectations for many retailers largely because hot weather has kept shoppers in their summer wardrobe.
J.C. Penney Corp. Inc., Plano, Texas, appointed Mike Boylson executive vice president and chief marketing officer, effective April 1. Boylson succeeds John Budd, who is ......
Federated Department Stores has announced an agreement for the acquisition of two JCPenney locations.
Retailers like Wal-Mart Stores Inc. and Federated Department Stores reported weak February sales on Thursday, saying the month's cold temperatures and stormy weather hampered results, ......
Cincinnati-based Federated Department Stores Inc. has announced an agreement for the acquisition of two JCPenney locations from Plano, Texas-based J.C. Penney Corp. Inc.
J.C. Penney Corp., Plano, Texas, has named Vanessa Castagna, formerly president and COO, as the company's chairman and chief executive of Penney stores, catalog and ......
Merrill Lynch analyst Daniel Barry calls it "possibly the turnaround of the decade." CEO Allen Questrom is reshaping J.C. Penney Corp., Plano, Texas, which operates ......
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NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 7/7/97 --Standard & Poor's today has raised the rating on Federated Department Stores Inc.'s senior unsecured debt to triple-'B'-minus ......
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