International Business News - JWN 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 Shares of department stores fell Monday along with the broader market amid a rise in oil prices. Light, sweet crude rose 56 cents to $115.15 per barrel on the New York Mercantile Exchange. The news doesn't bode well for retailers whose customers have cut back on purchases amid rising costs of daily basics such as food and gas. http://www.ibtimes.com/articles/20080825/department-stores-shares-fall-on-oil-prices.htm Mon, 25 Aug 2008 11:28:19 EDT Nordstrom Inc. has announced its board of directors declared a regular quarterly cash dividend of 16 cents per share. The fashion retailer said the dividend is payable Sept. 15 to shareholders of record Aug. 29. http://www.ibtimes.com/articles/20080821/nordstrom-declares-regular-dividend.htm Thu, 21 Aug 2008 14:15:17 EDT The lower profits and muted outlooks this week from retailers such as J.C. Penney Co., Macy's Inc. and Nordstrom Inc. are heightening concerns among investors that shoppers' focus on necessities and buying at discounters could linger well into next year. http://www.ibtimes.com/articles/20080815/retailers-face-frugal-shoppers-through-2009.htm Fri, 15 Aug 2008 17:42:49 EDT Second-quarter profits from major retailers underscore a widening gap between low-price operators and high-end apparel sellers as consumers focus on necessities and avoid discretionary splurges. http://www.ibtimes.com/articles/20080815/gap-widens-between-discounters-department-stores.htm Fri, 15 Aug 2008 14:38:47 EDT Among the premarket stories for Friday, Aug. 15, from AP Financial News: NEW YORK (AP)--Shares of WD-40 Co. have reached a fair price after a sharp run-up, a JPMorgan analyst said Friday, and lowered his rating on the stock. http://www.ibtimes.com/articles/20080815/premarket-roundup-wd-40-nordstrom.htm Fri, 15 Aug 2008 09:18:56 EDT Nordstrom Inc. shares may be under pressure on Friday, after the luxury retailer reported a decline in second-quarter profit on Thursday and cut its guidance. http://www.ibtimes.com/articles/20080815/ahead-of-the-bell-nordstrom-feels-pressure.htm Fri, 15 Aug 2008 08:24:29 EDT J.C. Penney Co. reported a 36 percent drop in second-quarter profits Friday and issued a downbeat outlook for the current quarter as shoppers cut back on clothing spending in a tough economy. http://www.ibtimes.com/data/articleimgs/109364-j-c-penney.jpg http://www.ibtimes.com/articles/20080815/penneys-profit-slides-percent.htm http://www.ibtimes.com/articles/20080815/penneys-profit-slides-percent.htm Fri, 15 Aug 2008 09:21:47 EDT Second-quarter profits from three major retailers--Wal-Mart Stores Inc., the world's largest merchant, upscale department store Nordstrom Inc. and mid-level chain Kohl's Corp.--underscore a widening gap between low-price operators and high-end apparel sellers as consumers focus on necessities and avoid discretionary splurges. http://www.ibtimes.com/articles/20080814/gap-widens-between-discounters-department-stores.htm Thu, 14 Aug 2008 17:50:19 EDT Upscale department store Nordstrom Inc. pared its full-year profit forecast Thursday after reporting a 21 percent drop in second-quarter profits as its affluent consumers spend more cautiously on clothing in a tough economy. http://www.ibtimes.com/articles/20080814/nordstrom-cuts-full-year-profit-outlook.htm Thu, 14 Aug 2008 16:31:42 EDT Upscale department store chain Nordstrom Inc. reported a 21 percent drop in second-quarter profit on Thursday and cut its full-year forecast as its affluent consumers pull back on fashions in a tough economy. http://www.ibtimes.com/articles/20080814/nordstroms-2q-profits-decline-21-percent.htm Thu, 14 Aug 2008 16:49:05 EDT Nordstrom Inc. plans to hire 250 employees for its new store at Ross Park Mall. The Seattle-based retailer is looking for employees to work sales in women's, men's and children's apparel, shoes, accessories and cosmetics. It is also seeking workers in alterations, housekeeping and the Nordstrom Cafe and Ebar Coffee Bar. http://www.ibtimes.com/articles/20080814/nordstrom-to-hire-250-at-suburban-pittsburgh-mall.htm Thu, 14 Aug 2008 10:47:25 EDT Wal-Mart Stores Inc. raised its full-year earnings forecast Thursday after second-quarter profit rose more than expected, helped by tight inventory controls and a renewed focus on low prices that is attracting financially squeezed shoppers around the world. http://www.ibtimes.com/data/articleimgs/108703-earns-walmart.jpg http://www.ibtimes.com/articles/20080814/wal-marts-2q-profit-rises-17-percent.htm http://www.ibtimes.com/articles/20080814/wal-marts-2q-profit-rises-17-percent.htm Thu, 14 Aug 2008 17:49:12 EDT Upscale department store chain Nordstrom Inc. is slated to report second-quarter earnings results after the market closes on Thursday. OVERVIEW: Department stores are struggling as consumers cut back on apparel and other discretionary spending as they get squeezed by high food and gas prices, tighter credit conditions and the prolonged housing slump. But the economic woes are now starting to affect luxury retailers such as Seattle-based Nordstrom, which is beginning to see its shoppers pull back amid persistent declines in the stock market. http://www.ibtimes.com/articles/20080812/nordstrom-to-report-2nd-quarter-earnings-thursday.htm Tue, 12 Aug 2008 17:40:16 EDT Shares of department stores slipped slightly Thursday after most chains reported disappointing same-store sales results for July. Discount department store Kohl's Corp. said its same-store sales dropped 10.4 percent, far more than the drop of 7 percent predicted by analysts polled by Thomson Financial. http://www.ibtimes.com/articles/20080807/sector-snap-department-stores-slip.htm Thu, 07 Aug 2008 11:16:44 EDT Summary of July same-store sales results for department category store chains, with percentage increase or decrease over the same month last year. Dillard's Inc. 2 pct http://www.ibtimes.com/articles/20080807/department-chain-sales-results-for-july.htm Thu, 07 Aug 2008 10:01:55 EDT Upscale department store Nordstrom Inc. said Thursday July same-store sales declined 6.1 percent, slightly better than Wall Street estimates. Analysts surveyed by Thomson Financial expected a 6.2 percent same-store sales decline, on average. http://www.ibtimes.com/articles/20080807/nordstrom-july-same-store-sales-fall-6-1-percent.htm Thu, 07 Aug 2008 09:25:49 EDT Shares of department stores slid Monday amid worries about weak consumer spending. Shares of department store operator Macy's Inc. fell 2.6 percent, or 46 cents, to $17.61 in afternoon trading, while Saks Inc., which operates luxury chain Saks Fifth Avenue, fell 2.7 percent or 28 cents, to $10.22. Nordstrom Inc.'s stock fell 73 cents, or 2.8 percent, to $28.14, while J.C. Penney Co.'s shares fell 54 cents to $30.34. http://www.ibtimes.com/articles/20080728/sector-wrap-department-stores-shares-fall.htm Mon, 28 Jul 2008 16:07:05 EDT The National Retail Federation, which represents department stores, discount retailers, drug stores and grocery stores, spent $480,000 in the first quarter to lobby on trade measures, immigration reform, food safety legislation and other issues. http://www.ibtimes.com/articles/20080714/retailer-trade-group-spent-480-000-to-lobby-in-1q.htm Mon, 14 Jul 2008 14:43:33 EDT Among the stock activity stories for Thursday, July 10, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080710/movers-roundup-wachovia-nordstrom.htm Thu, 10 Jul 2008 14:22:57 EDT Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080710/rohm-haas-wal-mart-ge-zumiez-among-big-movers.htm Thu, 10 Jul 2008 12:20:15 EDT