JCPENNEY NARROWS LOSS; FOOTWEAR & HANDBAGS STAR

J. C. Penney Company, Inc. announced financial results for its second quarter ended July 30, 2016. While delivering a smaller-than-expected loss (a 52% improvement in net loss over the prior year to $(56) million or $(0.18) per share), earnings still fell short of expectations. Comparable sales increased 2.2 % for …

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NORDSTROM CRUSHES EARNINGS; STOCKS SURGE

Nordstrom released its second quarter earnings, beating analyst expectations. Highlights included unadjusted earnings of $0.67 per share against analyst expectations of $0.57 a share. Total company net sales decreased 0.2%, revenue fell just a bit short at $3.65 billion versus projections of $3.68 billion. Comp sales fell -1.2%, but that was …

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DILLARDS RELEASES EARNINGS; BEATS ESTIMATES

Dillard’s released its earnings results yesterday, beating estimates. Dillard’s reported net income for the 13 weeks ended July 30, 2016 of $12.1 million, or $0.35 per share, compared to net income of $29.9 million, or $0.75 per share, for the prior year second quarter.  This beat the Thomson Reuters’ consensus estimate …

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MACY’S BEATS ESTIMATES; ANNOUNCES 100 STORE CLOSINGS

Come early 2017, the Macy’s retail landscape is going to look quite different. The retailer just announced it will be closing 100–that’s 15%–of all its stores. The news came after Macy’s reported second quarter earnings, which were well received by Wall Street. Macy’s shares got a 16% surge in early …

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NEIMAN MARCUS, RON ROBINSON PARTNER WITH STORY ON ’90S RETRO POP-UP

Get ready to walk down Retro Road! New York’s ever-changing concept store Story has unveiled “Remember When,” an immersive retro experience that celebrates Nickelodeon’s iconic shows and memorable characters from the ‘90s, timed to the 25th anniversary of Nickelodeon animation. Open now until September 18, “Remember When” is the 31st …

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FN PLATFORM MAKES MAJOR ANNOUNCEMENT

FN PLATFORM is now bi-coastal. UBM Fashion Group, organizer of MAGIC, Coterie, Project, Stitch, AccessoriesTheShow, Accessorie Circuit and more, just announced the launch of FN PLATFORM in New York City. After opening in Vegas in 2010, FN PLATFORM has …