Macy's Marks Up 2010 Sales and Earnings Forecasts

Macy's didn't waste a good economic crisis last year -- it restructured, refreshed its stores and products and rebounded with what looks to be a strong first quarter, prompting management to raise performance forecasts for the year. In the works: a fashion line from superstar Madonna.

Macy's Sheds Its Dog-Fur Coats

The retailer was the last company to settle a suit with the Humane Society, which sued several stores, claiming their advertisements falsely described their fur coats and other fur-trimmed outerwear.

Saks Cuts Losses as Luxury Shoppers Return

Saks says business is getting better in the luxury department-store space, but the retailer will be looking at the Internet and cheaper Off 5th outlet stores for growth this year. Saks narrowed its fourth-quarter net loss to $4.6 million, meeting expectations.

Investors Hope Department Stores Are Back in Vogue

The retail recovery is still going in fits and starts, but investors are betting that one beaten-down sector really is coming back: upscale department stores. Wall Street is expecting good news from Nordstrom, Saks and Bloomingdale's parent Macy's, which report earnings next week.

Retailers' Sales Rebounded in January

Retailers ended a rough fiscal year with better-than-expected sales in January. According to a tally of major retailers by Thomson Reuters, comparable sales at stores open at least a year rose 3.3%. That led some companies to boost their guidance for their upcoming year-end earnings reports.

Retailers in 2010: Less, but More Exclusive Stuff

If stores seem picked over this year, don't be fooled into thinking you just missed a crazy sale. It's deliberate. Retailers expect growth and profits in 2010 won't come from new stores, but rather from merchandising the existing ones to the hilt -- with less, but more exclusive merchandise.

Luxury Is Back ... But Only If You Can Afford It

High-end retailers are seeing their wealthy core customers return at last. But the "aspirational" shoppers who bought occasional tastes of luxury are staying away, as the effects of the recession linger in their wallets, and their mindsets.

Retailers' Holiday Sales Were Just Good Enough

Strong online sales, picky late shoppers and targeted discounting helped lift December retail sales above last year's totals -- but it won't be enough to put 2009 in the plus column. January's clearance sales won't be much help either; they will be shorter and more thinly stocked this year.

Saks: A Luxury Retailer at a Bargain Price

The retail sector will likely be weak in the next few years, as excessive consumption and over-expansion face the reality of tighter credit and weak employment. But Saks will likely be one outstanding exception.

The devil wears Walmart

You've probably heard the story about the Lexus in the Walmart (WMT) parking lot. Or the Costco (COST) shopper stuffing the 48-roll pack of toilet...

Saks. Gadgets. Seriously?

I got an e-mail from Saks Fifth Avenue last night that gave me pause, and not because of the deal it was advertising ("spend some get some," which...

'No hot item' at Saks? Take cover!

In their lengthy interview with WWD, Saks Fifth Avenue chairman Stephen Sadove and president Ron Frasch put forth a lot of somber statements about...

Home Depot reports strong results

Home Depot Inc. (HD), the largest home improvement retailer, reported better-than-expected quarterly results. The numbers suggest that consumers are...