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Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:12 EDTJCP, M, BONT, BURL, SHLDBurlington Stores rallies after profits surpass analyst forecast
Shares of off-price branded apparel retailer Burlington Stores (BURL) are rallying after the company reported higher than anticipated fourth quarter earnings per share. WHAT'S NEW: Burlington Stores reported fourth quarter earnings per share of $1.07, topping analysts' consensus forecast of $1.03. The company's fourth quarter same-store-sales rose 4% and its revenue of $1.33B narrowly missed the consensus forecast of $1.34B. Burlington Stores said it sees first quarter adjusted earnings per share of 19c-23c, while analysts had a consensus view of 23c prior to the report. The company expects first quarter same-store-sales and FY14 same-store sales to be up 2%-3%. The retailer expects FY14 adjusted earnings per share of $1.25-$1.35, which is lower than analysts' consensus of $1.38. WHAT'S NOTABLE: During it's fourth quarter earnings conference call, the company said it sees Q1 total net sales to increase in the range of 5.4% to 6.4% and it plans to open two new stores. It said it will continue to focus on its pipeline of deals and expects to move toward a more balanced split between first half and second half openings in future years. OTHERS TO WATCH: Competitors of Burlington Stores include Macy's (M), Sears (SHLD), Bon-Ton Stores (BONT) and J.C. Penney (JCP). PRICE ACTION: During morning trading, shares of Burlington Stores rose 13.9% to $29.50.
News For BURL;M;SHLD;BONT;JCP From The Last 14 Days
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May 6, 2015
07:44 EDTSHLDSears no longer offering Kardashian Kollection, TMZ reports
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May 5, 2015
08:12 EDTMMacy's announces pilot stores in new off-price business, Macy’s Backstage
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May 4, 2015
11:32 EDTJCPStocks with call strike movement; JCP RIG
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May 1, 2015
11:35 EDTJCPStocks with call strike movement; JCP CHK
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April 30, 2015
11:17 EDTSHLDSears trades higher on Macerich joint venture
The stock was last at $39.85, just off the high of the day at $40.32 which is now resistance. Next resistance above the high is at $40.86. Support is at $39.38.
09:59 EDTSHLDSears, Macerich create 50/50 joint venture for mall properties
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April 29, 2015
10:43 EDTJCPJ.C. Penney grows Sephora presence with 25 new locations, 6 expansions
Starting May 1, JCPenney will introduce SEPHORA to 25 additional stores, enabling the global beauty retailer to enter new and smaller markets, while expanding JCPenney's reach as a premier destination for beauty. Since the exclusive partnership launched in 2006, more than 500 JCPenney stores now feature a full-service SEPHORA offering. In addition to the grand openings, six existing SEPHORA inside JCPenney shops will expand to meet the high customer demand for prestige cosmetics and beauty products. Expanded locations will represent an average of 3,000 total square feet of space dedicated to SEPHORA merchandise and SEPHORA Beauty Studios.
April 28, 2015
16:50 EDTJCPJ.C. Penney appoints Mary Beth West as Chief Customer & Marketing Officer
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April 24, 2015
15:10 EDTJCPJ.C. Penney May volatility elevated into Q1 and outlook
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April 23, 2015
14:36 EDTMMacy's CEO says sees more discretionary spending in the future
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April 22, 2015
10:02 EDTMMacy's partners with Heidi Klum for exclusive collection
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