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Multiline Retail General Merchandise Stores

  • FLORIDA, N.Y.— Discount retailer Dollar General says it has chosen a site near the New York State Thruway in the Mohawk Valley for a distribution center that will employ more than 400 people. The Goodlettsville, Tennessee- based company announced Wednesday that it will construct a 750,000- square-foot building in the Montgomery County town of Florida, 30 miles...

  • Feb 6- Eastern Outfitters LLC, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector. Eastern Outfitters listed assets and liabilities in the range of $100 million to $500 million, according to...

  • Britain's biggest retailer Tesco reported a 0.7 percent rise in underlying Christmas sales in its home market, capping a year of recovery with a solid performance over the key festive period.

  • LONDON, Jan 12- Britain's biggest retailer Tesco reported a 0.7 percent rise in underlying Christmas sales in its home market, capping a year of recovery with a solid performance over the key festive period. Tesco, which like Sainsbury's, Asda and Morrisons have been battling with the rise of German discounters Aldi and Lidl, said underlying sales in its UK stores...

  • *Japan's consumer prices fall for nine straight months. TOKYO, Jan 11- Aeon Co posted a 51 percent jump in its third-quarter operating profit as brisk business at supermarkets, drug stores and discount outlets helped the biggest retailer by sales in Japan offset losses at its general merchandise stores. Operating profit for quarter ended Nov. 30 was 13 billion...

  • *Expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States anticipating a launch there in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is expected to open its...

  • *Lidl expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States ahead of its expected launch in the country in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is...

  • *Expanding in fast-growing eastern Europe. Steinhoff, on its own spending spree for no-frills furniture and general merchandise assets in Europe, bought Poundland for $800 million, a deal analysts said would be a prelude to an overhaul at the British retailer. "Management is quite confident that a multi-pricepoint and a different mix of product is definitely...

  • The Montreal- based retailer opened 18 stores in the third quarter ended Oct. 30, bringing the total number of stores to 1,069.. Dollarama's general, administrative and store operating expenses rose about 5.3 percent to C $116.97 million. The company's net income rose to C $110.06 million, or 92 Canadian cents per share, in the quarter, from C $100.08 million, or 78...

  • Dec 1- Discount retailer Dollar General Corp reported a surprise drop in quarterly comparable sales and tempered its full-year profit forecast, hit by lower grocery prices and reduced food stamp coverage in several U.S. states. The company's shares were down 7.3 percent at $71.67 in morning trading on Thursday. "It became apparent that our incremental actions...

  • Dec 1- Discount retailer Dollar General Corp reported a surprise drop in third-quarter comparable sales, largely due to lower grocery prices and a reduction of food stamp coverage in several U.S. states. The company's shares were down 4.3 percent at $74 in light premarket trading on Thursday. The company's net income fell to $235.3 million, or 84 cents per share,...

  • LONDON, Oct 5- Britain's biggest retailer Tesco said it would increase investment in its stores and distribution network to boost profitability over the next three years, after reporting first-half results at the top end of expectations. Tesco Chief Executive Dave Lewis is spearheading a recovery after the growth of German discounters Aldi and Lidl and an...

  • Sept 15- U.S. discount retailer Dollar General Corp said it plans to hire 10,000 employees by mid-October, boosting its headcount by nearly 9 pct to support its expansion efforts as it looks to protect its turf amid fierce competition. Dollar General operates more than 13,000 stores in the United States and has laid out plans to open 900 stores this year and about...

  • Workers stand in a Dunkin' Donuts.

    Dunkin' Donuts' CEO joined CNBC to discuss the company's current and future plans.

  • Shoppers queue to pay for their goods at the 'easyFoodstore' in north-west London on February 2, 2016.

    An ultra-discount food store opened by the owner of budget airline easyJet earlier this week was forced to close after shelves were emptied.

  • A customer walks into a Dollar General store near Montpelier, Vermont.

    Dollar General, the No.2 U.S. discount retailer, reported lower-than-expected quarterly net sales as consumer spending showed few signs of recovery.

  • Toymakers bet on older franchises

    Retailers and toy makers expect characters from past decades to boost sales this holiday season.

  • Meet the PancakeBot: the world’s first pancake printer that allows you to design your own pancakes, print them in different colors and then eat them.

  • An employee rings up sales at a cash register of a Walmart store in Los Angeles.

    Wal-Mart is raising wages because worker pride is vital to running a good retail business, CEO Doug McMillion tells CNBC.

  • Brits living in the U.S. now have to settle for American versions of chocolate after the confectionery giant Hershey forced two companies to stop importing UK-made versions. The FT reports.