Multiline Retail General Merchandise Stores

  • 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...

  • JOHANNESBURG, Aug 31- Activist U.S. hedge fund Elliott Capital has raised its stake in British discount chain Poundland to 22.7 percent, putting it in a position to be able to block an agreed takeover by South African retailer Steinhoff. The move could be another setback for Steinhoff, which warned on Wednesday that a slump in the pound after Britain's vote to...

  • Aug 25- Dollar Tree Inc, the biggest U.S. discount chain, reported lower-than-expected quarterly comparable sales and cited a "challenging" retail environment. The company, which became the biggest U.S. discount chain by acquiring larger rival Family Dollar in July last year, reported a net income of $170.2 million, or 72 cents per share, in the second quarter ended...

  • Aug 25- Discount retailer Dollar General Corp reported lower-than-expected quarterly sales, hurt by lower food prices, growing competition and as its low-income customer base was hurt by several states reducing food stamp coverage. The company's net income rose to $306.52 million, or $1.08 per share, in the second quarter ended July 29, from $282.35 million, or...

  • *Steinhoff raises agreed bid for Poundland to 610.4 mln stg. LONDON, Aug 11- South African retailer Steinhoff raised its offer for Britain's Poundland to 610.4 million pounds on Thursday, seeking to smooth the passage of an agreed deal after an activist investor increased its stake in the discount chain. The $28- billion hedge fund, founded by American...

  • Wal-Mart has been looking to boost its core business of running discount retail and membership stores in Mexico by focusing on expanding its fresh food business. Wal-Mart's international division, which contributes roughly one-third of the company's total annual sales of nearly $480 billion, has divested some non-core businesses across Chile, Mexico and...

  • CHICAGO, Aug 10- Wal-Mart Stores Inc's Mexican unit said on Wednesday it was selling its 119- store Suburbia clothing chain to El Puerto De Liverpool for about $852 million, as the world's biggest retailer streamlines operations in its largest non-U.S. market as measured by stores. Wal-Mart has been looking to boost its core business of running discount retail...

  • LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its...

  • LONDON, July 13- South Africa's Steinhoff will strengthen its presence in the British retail sector after agreeing a 597 million pound takeover of discount chain Poundland, it said on Wednesday. Steinhoff, which already owns the Bensons Beds and Harvey's furniture chains in Britain, lost out in two other takeovers in Europe this year. It failed to secure...

  • CHICAGO, June 7- U.S retailer Target Corp is asking many suppliers to take on an extra 3-5 percent of the cost of promotions and price cuts after slow sales so far this year. Minneapolis- based Target, the second-largest discount retailer in the United States, wants to minimize the impact of markdowns on profit in a tough year as middle income customers make fewer...

  • COPENHAGEN, June 7- Hearing aid maker William Demant is looking for more retail acquisitions to increase control over the sale of its products and fight competition from discount chains such as Costco. The group will not hesitate to buy retail chains if necessary to protect the sale of own-brand hearing aids, Chief Executive Niels Jacobsen told Reuters on the...

  • *Dollar Tree Q1 adj profit $0.89/ shr vs est $0.81. *Dollar General profit $1.03/ shr vs est $0.95. Shares of Dollar Tree, the biggest U.S. discount chain, jumped 13.8 percent to $89.16 and Dollar General rose as much as 5.7 percent to $88.95.

  • *Dollar Tree Q1 adj profit $0.89/ shr vs est $0.81. *Dollar General profit $1.03/ shr vs est $0.95. Shares of Dollar Tree, the biggest U.S. discount chain, were up 10 percent at $86.55 in early trading on Thursday, while Dollar General was up 4 percent at $87.62.

  • May 26- Dollar Tree Inc, the biggest U.S. discount chain, reported better-than-expected quarterly comparable sales as more customers spent more on average in its stores. Sales at stores open at least a year rose 2.3 percent in constant currency, beating the 2.1 percent growth expected by research firm Consensus Metrix. Net income rose to $232.7 million, or 98...

  • May 26- Discount retailer Dollar General Corp reported a 7 percent rise in quarterly net sales as more customers came through the door and spent more on average. The company's net income rose to $295.1 million, or $1.03 per share, in the first quarter ended April 29, from $253.2 million, or 84 cents per share, a year earlier. Net sales rose to $5.27 billion from $4.92...

  • Workers stand in a Dunkin' Donuts.

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

  • *First quarterly rise in underlying UK sales for 3 years. LONDON, April 13- Tesco, Britain's biggest retailer, warned a supermarket price war meant profit growth would be hard to deliver this year despite a sales recovery picking up pace. Hammered by changing shopping habits, the rise of German discounters Aldi and Lidl, and an accounting scandal, Tesco reported a...

  • *Tesco's UK sales have started to grow again. LONDON, April 13- Tesco, Britain's biggest retailer, said on Wednesday its recovery was gaining pace but warned a supermarket price war meant profit growth would be hard to deliver this year. The company, hammered by an accounting scandal and the rise of German discount chains, reported a first rise in underlying annual...

  • LONDON, April 4- Steve Rowe, the new chief executive of British retailer Marks& Spencer, is to continue to lead the firm's general merchandise division and will not appoint a new executive director for the unit. Rowe succeeded Marc Bolland as CEO on Saturday, stepping-up from his role leading general merchandise which he has held since last July.

  • 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.