S&P Lowers Outlook on Nordstrom (JWN) to Negative Following Q2 Results; Ratings Affirmed
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Nordstrom (JWN) Tops Q2 EPS by 11c, Raises FY Outlook
August 11, 2016 4:07 PM EDT(Updated - August 11, 2016 4:09 PM EDT)
(Updated corrects comps figure)
Nordstrom (NYSE: JWN) reported Q2 EPS of $0.67, $0.11 better than the analyst estimate of $0.56. Revenue for the quarter came in at $3.65 billion versus the consensus estimate of $3.68 billion.
Comps were down... More
Macy's to close more stores in turnaround push, stock jumps
August 11, 2016 8:20 AM EDTBy Sruthi Ramakrishnan
(Reuters) - Macy's Inc (NYSE: M) said it plans to shutter 100 more stores, representing about 14 percent of its total, as it tries to turn around its business after six quarters of falling sales.
The closures are the latest in a long list of moves to spur growth as department stores such as Macy's continue to battle with online retailers such as Amazon.com Inc (NASDAQ: AMZN) and discount stores like TJX Cos Inc (NYSE: TJX).
... More