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Kohl's expects sales to pick up
Reuters(Reuters) - Kohl's Corp said on Thursday it expects sales to rebound in the current quarter after bad weather in early spring hurt business at the department store chain. The retailer also reported a better-than-expected first-quarter profit, helped by...Tags: Weather, Weather Reports, Stock Market, Inventories, Earnings Forecasts
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Penney CEO says company needs time to climb out of 'abyss'
Reuters(Reuters) - J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer. Penney reported another steep...Tags: Corporate Officers, Goldman Sachs Group, Inc., Macy's, Inc., Companies and Corporations, Kohl's
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Cinemark to build 14-screen movie theater at Carson mall
Cinemark Holdings Inc., the nation's third-largest theater chain, is bulking up in Los Angeles County with plans to open a multiplex at the SouthBay Pavilion shopping mall in Carson. Vintage Real Estate, which owns and manages SouthBay Pavilion, said it...
Tags: Sears, Target, Entertainment, Old Navy, IKEA
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The day ahead in business May 16
Reports: Initial jobless claims for week ended May 11, 7:30 a.m; Consumer price index for April, 7:30 a.m.; Housing starts/building permits for April, 7:30 a.m.; Philadelphia Fed survey for May, 9 a.m.; Mortgage rates for week ended May 16, 9 a.m.;...
Tags: Nordstrom, Inc., Economic Indicator, Consumer Confidence, Petroleum Industry, Kohl's Illinois, Inc.
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US stock futures bounce around on mixed signals from retailers, homebuilders and employers
NEW YORK (AP) — U.S. stock futures fluctuated Thursday on a bevy of economic data that sent mixed signals about hiring, construction, jobs and the mindset of the American consumer. Dow Jones industrial futures slipped 6 points to 15,229. The...Tags: Nordstrom, Unemployment Benefits, Walmart, Stock Market, Earnings Forecasts
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Orland Park, Homer Glen police blotter: May 15
These items were taken from Orland Park and Will County police reports: Orland Park •A 55-year-old Orland Park man was arrested at his home in the 15600 block of Sunrise Lane about 1 a.m. March 25 for domestic battery after allegedly fighting...Tags: Crimes, Theft, Sears, Drug Trafficking, Homer Glen
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Macy's earnings, sales rise as it takes business from rivals
ReutersMacy's Inc. reported higher first-quarter net income and gains in a critical sales metric as it took business from rival department store chains. The company also raised its dividend by 25 percent. Macy's shares closed up 2.5 percent, near a year high....Tags: Nordstrom, Inc., Hardware, Earnings Forecasts, Edward Jones, Macy's, Inc.
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Macy's profit, sales rise even as some shoppers pull back
Reuters(Reuters) - Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. The company's shares closed up 2.5 percent at $48.57, near a year high. The retailer, which operates the Macy's and...Tags: Weather, Nordstrom, Inc., Hardware, Weather Reports, Edward Jones
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BRIEF-Blackstone reports 282,500 share stake in JC Penney
ReutersMay 15 (Reuters) - Blackstone Group LP : * Reports 282,500 share stake in J C Penney Co as of March 31 valued at $4.27 million -- SEC filingTags: Blackstone Group, L.P.
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Gary Olson: Bangladesh deaths reveal high human cost of cheap apparel
The death toll from the April 24 collapsed garment factory building in the Bangladeshi capital of Dhaka has now exceeded 1,100, making it one of the worst manufacturing disasters in history. Young female seamstresses accounted for the overwhelming...Tags: Sears, Moravian College, Walmart, Plant Openings, China
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North American retailers devising own Bangladesh plans
Reuters(Reuters) - North American retailers on Tuesday discussed forging their own Bangladesh safety agreement, an alternative to a legally binding accord that many European retailers have signed on to, though details of any alternative accord were still...Tags: Gap Inc., New York University, North America, American Apparel and Footwear Association, Sweden
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J.C. Penney stores, real estate worth $4.06 billion -appraisal
ReutersMay 14 (Reuters) - J.C. Penney Co Inc's stores, distribution centers and headquarters are worth a total of $4.06 billion, according to an appraisal conducted for the department store chain and disclosed on Tuesday in a presentation to potential lenders...Tags: Ron Johnson, Morgan Stanley Dean Witter & Company, Goldman Sachs Group, Inc.
May 16, 2013
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May 16, 2013
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May 15, 2013
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May 14, 2013
|Story| Allentown Morning Call
May 14, 2013
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