International Business News - DDS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Even strong sales on Black Friday weren't enough to boost analyst and investor hopes for a strong holiday shopping season at department stores, leading to big stock price declines in the sector on Monday. http://www.ibtimes.com/articles/20081201/sector-snap-department-stores-slide.htm Mon, 01 Dec 2008 11:13:30 EST Among the earnings stories for Wednesday, Nov. 26, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081126/earnings-roundup-tiffany-dillards-verigy.htm Wed, 26 Nov 2008 10:38:58 EST New jobless claims fell more than expected last week from a 16-year high, the government said Wednesday, though they remain at elevated levels due to the slowing economy. http://www.ibtimes.com/data/articleimgs/182271-economy-jobless-claims.jpg http://www.ibtimes.com/articles/20081126/new-numbers-due-today-on-spending-and-home-sales.htm http://www.ibtimes.com/articles/20081126/new-numbers-due-today-on-spending-and-home-sales.htm Wed, 26 Nov 2008 12:09:49 EST Government data is expected to show that new claims for unemployment benefits dipped last week, but remain quite high by historical standards. The Labor Department's tally of initial jobless benefit claims for the week ending Nov. 22 is expected to decline by 5,000 to a seasonally adjusted level of 537,000, according to a survey of Wall Street economists by Thomson Reuters. http://www.ibtimes.com/articles/20081126/ahead-of-the-bell-jobless-claims.htm Wed, 26 Nov 2008 06:21:09 EST Shares of major retailers fell on Monday as investors anticipated a weak holiday shopping season ahead. "The news events over the past several weeks could serve as an additional catalyst for weak consumer spending," Barclays Capital analyst Robert Drbul wrote in a research note on Monday. He said high unemployment, inflation and a troubled housing market could pile on more pressure to U.S. consumers who already face a weak economy. http://www.ibtimes.com/articles/20081110/shares-of-major-retailers-fall-ahead-of-holidays.htm Mon, 10 Nov 2008 14:00:08 EST Department stores reported weak October same-store sales on Thursday, amid a difficult economic environment. According to a poll by Thomson Reuters, department stores overall reported same-store sales fell 11.7 percent in October, while analysts expected a 10.9 percent drop. http://www.ibtimes.com/articles/20081106/sector-snap-dept-stores-up-despite-weak-october.htm Thu, 06 Nov 2008 11:40:18 EST Summary of October same-store sales results for department category store chains, with percentage increase or decrease over the same month last year. Bon-Ton Stores Inc. -11.1 pct http://www.ibtimes.com/articles/20081106/department-chain-sales-results-for-october.htm Thu, 06 Nov 2008 11:24:26 EST Department store shares contracted after the Federal Reserve cut a key interest rate by a half point to stimulate economic growth but still managed to keep some of their gains from earlier in the session. http://www.ibtimes.com/articles/20081029/department-stores-give-up-some-gains-on-rate-cut.htm Wed, 29 Oct 2008 14:54:14 EDT Shares of some of the nation's most popular retailers and apparel chains sank Thursday amid what an analyst said was concern for an even-worse-than-expected holiday shopping season. http://www.ibtimes.com/articles/20081023/sector-wrap-retail-slips-amid-economic-concerns.htm Thu, 23 Oct 2008 16:56:47 EDT Among the stock activity stories for Friday, Oct. 17, from AP Financial News: NEW YORK (AP)--Shares of DR Horton Inc. tumbled Friday after an analyst removed the homebuilder from his top stocks list and a report showed September housing construction dropped to the slowest pace in almost 18 years. http://www.ibtimes.com/articles/20081017/movers-roundup-dr-horton-red-lion-hotels.htm Fri, 17 Oct 2008 18:56:24 EDT Shares of major department stores slumped on Friday as Macy's Inc.' s reduced profit outlook fueled more worries about consumer spending. Macy's said Friday that it has slashed its 2008 profit outlook, as consumers cut back amid the weak economy. Macy's now expects earnings between $1.30 and $1.50 per share, excluding consolidation costs and impairment charges. That's down from prior expectations for profit between $1.70 and $1.85 per share. http://www.ibtimes.com/articles/20081010/dept-stores-slump-amid-worries-about-spending.htm Fri, 10 Oct 2008 14:39:07 EDT Shares of department store retailers tumbled Thursday as worries escalated about weakening consumer spending heading into the critical holiday season. http://www.ibtimes.com/articles/20081009/department-stores-fall-amid-consumer-spending-woes.htm Thu, 09 Oct 2008 12:44:06 EDT Summary of September same-store sales results for department category store chains, with percentage increase or decrease over the same month last year. http://www.ibtimes.com/articles/20081008/department-chain-sales-results-for-september.htm Wed, 08 Oct 2008 10:53:51 EDT Shares of department stores fell Monday along with the broader market amid investors' fears that the ongoing credit crisis will dampen economies globally. http://www.ibtimes.com/articles/20081006/sector-snap-department-stores-tumble.htm Mon, 06 Oct 2008 13:30:25 EDT Shares of department stores fell on Thursday following the broader market, as the escalating financial crisis is raising concerns about consumer spending ahead of the holiday season. http://www.ibtimes.com/articles/20081002/sector-snap-department-store-shares-decline.htm Thu, 02 Oct 2008 11:42:20 EDT Shares of department stores rose along with the broader market as investors were encouraged about the government's plans to rescue banks from billions of dollars in bad debt. http://www.ibtimes.com/articles/20080919/department-store-shares-rise-on-govt-rescue-plan.htm Fri, 19 Sep 2008 11:07:19 EDT Dillard's Inc. and small retailers around Arkansas are pressing lawmakers to give consumers an annual sales tax holiday, a break that all but one of the surrounding states already offer. http://www.ibtimes.com/articles/20080918/dillards-pushes-for-ark-sales-tax-holiday.htm Thu, 18 Sep 2008 13:47:22 EDT Shares of most department stores rose in early trading on Thursday, as a plan by central banks to inject markets with $180 billion seemed to allay investor concern about the turmoil in the financial sector. http://www.ibtimes.com/articles/20080918/department-stores-rise-as-broader-market-recovers.htm Thu, 18 Sep 2008 10:43:12 EDT Fitch Ratings on Wednesday said its U.S. retail group predicts holiday retail sales will likely be weak, as consumers continue to face economic pressure. http://www.ibtimes.com/articles/20080917/fitch-says-holiday-retail-sales-likely-weak.htm Wed, 17 Sep 2008 14:55:55 EDT Shares of most department stores dropped on Wednesday morning along with the broader markets as investors' concerns about the financial system are still running high even after the government bailed out the insurer American International Group Inc. http://www.ibtimes.com/articles/20080917/department-stores-slide-along-with-broader-markets.htm Wed, 17 Sep 2008 10:45:03 EDT