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Multiline Retail Department Stores

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  • Sears' badly needed boost Monday, 6 Jul 2015 | 10:00 AM ET
    Sears' badly needed boost

    Sears REIT Seritage begins trading today.

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Canadian retailer Hudson's Bay is buying German department store chain Kaufhof from Metro for 2.8 billion euros as a launch pad to expand into Europe. Hudson's Bay, which operates department stores in Canada and U.S. luxury chains Saks Fifth Avenue and Lord& Taylor, said the deal, due to...

  • TORONTO, June 10- Target Corp's exit from Canada has helped Hudson's Bay Co pick up Canadian market share, HBC executives said on Wednesday as the department store operator reported higher quarterly sales but a bigger loss. The company, founded in 1670, said overall same-store sales rose 2.7 percent on a constant currency basis, with sales up 4.9 percent at its...

  • UPDATE 1-Hudson's Bay reports bigger adjusted loss Wednesday, 10 Jun 2015 | 7:59 AM ET

    June 10- Department store operator Hudson's Bay Co reported a bigger adjusted loss, mainly due to higher administrative expenses and cost of sales. Hudson's Bay, which also runs Lord& Taylor stores in the United States, has been in high-level talks with Germany's Metro to buy its department store chain, Kaufhof. Hudson's Bay plans to drive sales through...

  • Hudson's Bay reports bigger adjusted loss Wednesday, 10 Jun 2015 | 7:16 AM ET

    June 10- Department store operator Hudson's Bay Co reported a bigger adjusted loss, mainly due to higher administrative expenses and costs of sales. The company reported a net loss of C $54 million, or 30 Canadian cents per share, in the first quarter, compared with a net profit of C $176 million, or 97 Canadian cents per share, a year earlier. Adjusted loss was C $33...

  • SEOUL, June 9- Hyundai Department Store Co Ltd is considering bidding for Tesco Plc's South Korean unit, but nothing has been decided, a Hyundai spokesman said on Tuesday. Troubled British retailer Tesco has hired HSBC to explore a sale of its South Korean operations, valued at about $6 billion, people familiar with the matter told Reuters last week.

  • US STOCKS-Futures lower as rate hike timing weighs Monday, 8 Jun 2015 | 7:45 AM ET

    *Wall Street's top banks said they expect the Fed to begin raising rates in September, followed by another increase before the end of the year, according to a Reuters poll. *Sears Holdings' shares rose 2.85 percent to $41.90 in premarket trading after the department store operator reported a smaller quarterly loss and said it plans to raise $2.6 billion from the...

  • June 8- Sears Holdings Corp reported a smaller first-quarter loss as its Kmart chain and Sears department stores discounted less and said it plans to raise $2.6 billion from the spinoff of 235 stores into a real estate investment trust. This, along with the three joint venture deals Sears signed in April with mall operators to sell and lease back other stores,...

  • Sears quarterly loss narrows Monday, 8 Jun 2015 | 6:25 AM ET

    June 8- Sears Holdings Corp reported a smaller first-quarter loss as its Kmart chain and Sears department stores discounted less. The offering is expected to raise $2.6 billion, Sears said. Net loss attributable to Sears shareholders narrowed to $303 million, or $2.85 per share, in the quarter ended May 2, from $402 million, or $3.79 per share, a year earlier.

  • May 20- Struggling department store chain Sears Canada Inc reported a smaller first-quarter loss as decline in its same-store sales was the slowest in five quarters. Sears Canada, whose largest shareholder is Sears Holdings Corp Chief Executive Eddie Lampert and his hedge fund ESL Investments Inc, said on Wednesday that its same-store sales fell 4.3 percent...

  • Sears Canada posts smaller quarterly loss Wednesday, 20 May 2015 | 7:24 AM ET

    May 20- Struggling department store chain Sears Canada Inc reported a smaller first-quarter loss, helped by slower decline in its same-store sales. "We began to see signs that our business was performing better this quarter," Chief Executive Ron Boire said in a statement on Wednesday. The company's net loss narrowed to C $59.1 million, or 58 Canadian cents per...

  • Kohl's same-store sales nipped by cold February Thursday, 14 May 2015 | 9:25 AM ET
    People approaching Kohl's department store in Mount Kisco, New York.

    Department store operator Kohl's quarterly same-store sales were hurt by colder-than-usual weather in February.

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Shares of the company, which also reported lower-than-expected revenue, fell 11 percent to $66.25 in premarket trading on Thursday. The stock's multiple is likely to reset lower until the...

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Rival Macy's Inc said on Wednesday that first-quarter profit and sales were hurt by fewer customer visits due to unusually cold weather in February. Kohl's net income rose to $127 million, or 63...

  • May 14- Department store operator Kohl's Corp reported lower-than-expected quarterly same-store sales, hurt by colder-than-usual weather in February. The company's shares fell 4.7 percent to $71 in premarket trading on Thursday. The company's net income rose to $127 million, or 63 cents per share, from $125 million, or 60 cents per share, a year earlier.

  • May 13- Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods. The company posted a loss of $167 million, or 55 cents per share, in the first quarter ended May 2, compared with a net loss of $352 million, or $1.15 per share, a year...

  • Macy's quarterly profit falls 14 pct Wednesday, 13 May 2015 | 8:12 AM ET

    May 13- Macy's Inc reported a 14 percent drop in quarterly profit, hurt by lower foreign tourist spending in the United States, colder-than-usual weather in February and disruptions at West Coast ports. The department store operator's net income fell to $193 million, or 56 cents per share, in the first quarter ended May 2 from $224 million, or 60 cents per share, a...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...