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Macy's announced the closing on approximately $4.5B of new financing, including its previously announced $1.3B of 8.375% senior secured notes, as well as a new $3.15B asset-based credit agreement. In [...]

Macy's reported the early results and upsizing of the previously announced tender offer of its subsidiary, Macy's Retail Holdings, of the outstanding debt securities.According to a media release, the Company [...]

More moderate consumer confidence and warmer-than-usual weather were the key factors in lower-than-expected same-store sales at many US department stores during the 3rd qtr of 1998, but share advances are expected through the years 2001-2003. Market share for discount stores sich as Family Dollar Stores and Dollar General continue to expand, as well. Investors need to evaluate individual stocks before selection.

Future prospects for the retail store industry are mixed, especially for department stores where women's apparel sales have been weak in 1997. The outlook for discount stores is better, however, as they continue to gain a greater share of the market. Retail stocks have outperformed the market in 1996 and 1997 after a weak 1994 and 1995. Investors must consider individual stocks, as the industry is unattractive for the next three to five years.

The retail environment has improved considerably in 1997 over 1996, in both same store results and operating profits, especially for department stores. The shift from consumer hard goods and electronics towards a wider range of goods and the development of private-label brands have been two trends in department stores, and the market share for discounters has increased. However, these are not attractive stocks through the years 2000-2002.

Counting Every Penny: Stores' Cost-Cutting May Transform Retail Consumers aren't the only ones cutting back. Retailers are reining in their spending with most broadline players slashing millions from their budgets [...]

Four Go Down to One: Macy's Cuts Divisions And 7,000 Employees Macy's Inc. is reducing its workforce by 4 percent, or 7,000 jobs, and centralizing from four divisions to one, [...]

NEW YORK (FNS) -- Federated Department Stores, Inc., and Allied Stores Corp. filed their disclosure statement and an amended Chapter 11 plan Monday and ran into mixed reaction. There was [...]

Byline: just-style.com Department stores retailer Macy's Inc has amended its $2bn bank credit facility to provide additional financial flexibility to weather economic downturn. The changes update both financial covenants of [...]

Questrom Draws A Survival Map For Federated NEW YORK - After four months of striving to stabilize the bankrupt Federated and Allied department store businesses, Allen I. Questrom has drafted [...]

NEW YORK -- Federated Department Stores reported higher third-quarter earnings, despite the challenges of integrating May Department Stores, the impact of hurricanes and small same-store sales gains. Strong inventory disciplines [...]

NEW YORK-Federated Department Stores last week sold the first of its three credit card portfolios to Citigroup and announced the consolidation of its credit operations and those of the acquired [...]

STRATEGIC FIT: New York & Co., the 490-unit moderate chain traded on the New York Stock Exchange, is acquiring Jasmine Co. Inc., a privately owned 14-unit women's chain in Massachusetts, [...]

Byline: HFN Staff Report Every picture tells a story, according to a certain formerly rooster-headed crooner. Every executive profiled in HFN's annual Power 100 tells a story and then some. [...]

NEW YORK-Today's May stores may carry a smaller assortment of area rugs than that of their new parent Federated's existing locations, but vendors believe there will be a slow transition [...]

NEW YORK -- The Neiman Marcus Group hung a for-sale sign on the door Wednesday, and shoppers are looking. Neiman's said Wednesday morning that it hired Goldman Sachs to seek [...]

SAN FRANCISCO -- Macy's West has raised the bar -- again. The San Francisco-based division of Federated Department Stores has a long history as a leader in the men's business, [...]

NEW YORK -- Federated Department Stores Inc. said Friday it will close five underperforming Rich's-Macy's and Lazarus-Macy's stores by May, affecting 369 employees. The stores, which include the Lazarus-Macy's store [...]

The unofficial revival of the DEPARTMENT STORE INDUSTRY accelerated last week with better-than-expected earnings commingling with plaudits and kudos from industry experts. Deloitte Research chief economist Carl Steidtmann told an [...]

NEW YORK -- Federated Department Stores Inc. joined the ranks of retailers that appear poised for a joyous holiday season even though third-quarter earnings tumbled by more than a third, [...]

CINCINNATI -- Federated Department Stores is getting plenty of opportunities to make excuses for its poor sales performance. CEO Terry Lundgren, however, isn't using them. The war, poor economy and [...]

Just when you thought things had tightened up as much as they possibly could, WAL-MART STORES kicked off the first-quarter earnings season by acknowledging that its inventories are a little [...]

The Cincinnati-based parent of Macy?s and Bloomingdale?s reported net income for the three months ended May 3 fell 48.3 percent to $46 million, or 24 cents a diluted share, from [...]

It seems that, for the better part of a decade, 'management initiative' at FEDERATED DEPARTMENT STORES has become a matter of which division could be merged into what other division, [...]

Federated Department Stores posted a profit offset by a sales decline for the fourth quarter ended Feb. 1. Income from continuing operations was $341 million, compared with $310 million for [...]

Despite the absence of a revenue run-up, Federated was able to improve its earnings, dramatically with special items and modestly without them, by way of expense controls. Savings in that [...]

Byline: Jennifer Weitzman NEW YORK - Tight expense controls might bail out fourth-quarter retail profits despite weak holiday sales, but analysts fear that the stores have squeezed about as much [...]

Hermes Q1 Exceeds Expectations Strength in leather goods, despite drop in silk business Footaction USA Partners with UMCA to Market Films via Stores Will market and promote select films in [...]

NEW YORK -- Federated Department Stores Inc. turned on the first-quarter magic and pulled better earnings and gross margins out of its hat -- with some help from highly controlled [...]

NEW YORK -- Plastic is helping retailers remain elastic. Highly profitable credit card operations have allowed department stores to maintain much of the revenue and compensate for much of the [...]

In this, the winter of our discountent, FOURTH-QUARTER RETAIL EARNINGS were expected to range from nonexistent to anemic, and they are coming through in just that fashion. In the past [...]

Federated Posts 4th-Quarter Loss Federated Department Stores posted a net loss last week for the fourth quarter as charges relating to the divestiture of its Fingerhut unit cut into profits. [...]

NEW YORK -- Happy to bid adieu to 2001, Federated Department Stores Inc. posted steep fourth-quarter losses, although slightly lower than expected, and outlined steps to improve its customers' shopping [...]

NEW YORK -- A late burst of promotion-induced buying and a stretch of cold weather allowed a number of major footwear retailers to defy the dire holiday prognosis by posting [...]

NEW YORK -- It may be too little too late. With just seven days left before Christmas, retailers have yet to get into gear. Still, they are holding out hope [...]