(NEW YORK)Shares of department stores dropped Thursday after retailers reported largely worse-then-expected same-store sales for June. Shares of Nordstrom Inc. fell after the luxury departme...READ MORE

(NEW YORK)Luxury retailer Saks Inc. said Thursday its same-store sales rose 1.9 percent in June, missing Wall Street expectations. Analysts expected a gain of 6.5 percent, according to a sur...READ MORE

(TOPEKA, Kan.)The Payless ShoeSource chain is getting a new boss. Collective Brands Inc. said Wednesday that it has named retail veteran LuAnn Via as president and chief executive officer for th...READ MORE

(NEW YORK)Amid a difficult retail environment, fragrance makers could provide investors with a breath of fresh air. Consumers are cutting back on discretionary spending as home values declin...READ MORE

(NEW YORK)A department store saleswoman is accused of passing along more than $1 million in refunds to her most valued customers so she could rack up big sales bonuses for herself.READ MORE

(NEW YORK)Saks Inc. on Thursday said its executive vice president of stores at its Saks Fifth Avenue chain will retire early next year, setting off a series of promotions at the luxury retai...READ MORE

(NEW YORK)Tax rebate checks gave consumers a little extra money in their pockets during May, but most were still spending conservatively, buying necessities such as food and gas and shying a...READ MORE