Sears Holdings quarterly net up, but sales slip
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Retailer Sears Holdings Corp.  posted a 20 percent rise in quarterly profit on Thursday, helped by a legal settlement and other special gains, but sales declined at both its Sears and Kmart units, sending its shares down more than 2 percent.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly  profit, boosted by stronger sales and gains from the sale of  its Mervyn's department store chain.
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The apparel retailer reports higher sales and profits but lower comps.
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Sears, Roebuck & Co. S.N shares  jumped as much as 25 percent on Friday after real estate  company Vornado Realty Trust VNO.N said it raised its stake  in the retailer, a step that could lead Sears convert some of  its real estate assets into cash.
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Sears showed a relatively nice boost in its November comps.
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CHICAGO (CBS.MW) - Shares of Sears Roebuck &amp; Co. rallied as much as 35 percent Friday and provided a boost to the sector&#39;s main measure.
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U.S. stocks traded higher on Tuesday,  shrugging off rebounding oil prices, as several retailers  posted strong earnings and two reports eased worries that the  U.S. economic recovery is losing steam.
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Wal-Mart Stores, Inc. reported a modest four percent rise in quarterly profits on Tuesday as the world's biggest retailer appeared to weather an abrupt slowdown in US economic growth.
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NEW YORK, November 5  - Sears Roebuck &amp; Company (S.NYS) witnessed a sharp rally in its share price this morning, following the news of Vornado Realty Trust raising its stake in the company.
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CHICAGO -- Shares of Sears Holdings Corp. careened to a three-year low in morning trading Monday after the retailer warned falling sales would force it to post fourth-quarter and full-year earnings well below Wall Street forecasts.
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Upscale department store chain Nordstrom Inc. said Thursday quarterly earnings rose 62 percent as it controlled inventory and reduced expenses, but the results fell short of Wall Street&#39;s expectations.
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Stocks rose on Thursday after strong August sales from Wal-Mart Stores Inc  and other retailers combined with positive economic data calmed concerns about mortgage market turmoil hurting the broader economy.
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General Mills Inc.  on Thursday said quarterly profit edged higher, though increased marketing spending and higher commodity costs tempered the increase.
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Sears, Roebuck and Co. on Thursday  said quarterly profit fell sharply compared with a year  earlier, when the department store operator had a gain from the  sale of its credit card business, but the profit topped  forecasts as the retailer slashed costs.
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Consumer electronics retailer Best Buy Co. Inc.  posted higher quarterly earnings on Tuesday, driven by new store openings and strong sales of hot products like flat-panel televisions.
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Sears, Roebuck and Co. posted a &#36;61 million loss in the third quarter and lowered its estimate for full-year earnings as its tailspin continues. The giant retailer's stock fell sharply Thursday.
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US stocks rebounded on Monday after IBM surprised the market with some better than expected preliminary quarterly earnings but retailers remained under pressure after a profit warning at Sears.