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Multiline Retail General Merchandise Stores

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  • LONDON, June 18- British single price discount retailer Poundland cautioned on Thursday that it expects first-half trading to be subdued after sales growth slowed for a fourth quarter in a row. Poundland Chief Executive Jim McCarthy dismissed the suggestion the tide was turning against discounters, saying the latest growth slowdown in the first quarter of...

  • UPDATE 1-UK's Poundland cautious on first half outlook Thursday, 18 Jun 2015 | 2:40 AM ET

    LONDON, June 18- British discount retailer Poundland cautioned that it expects trading in the first half of its new financial year to be subdued after sales growth slowed. In all Poundland expects to open at least 60 new stores in the UK and Ireland in the 2015-16 year and continue with a trial in Spain. Shares in Poundland, which listed at 300 pence in March last year...

  • UK's Poundland cautious on first half outlook Thursday, 18 Jun 2015 | 2:18 AM ET

    LONDON, June 18- British discount retailer Poundland met forecasts with a 19 percent rise in annual profit, though the firm cautioned that it expects the first half to be subdued after its sales growth slowed in its new financial year. Poundland said sales for the 11 weeks ended June 14 grew 4.1 percent. Poundland said it expected the seasonally less important...

  • Deep discount retailer Ollie's files for IPO Monday, 15 Jun 2015 | 12:19 PM ET

    June 15- Deep discount retailer Ollie's Bargain Outlet Holdings Inc filed with U.S. regulators on Monday for an initial public offering of common stock. The Harrisburg, Pennsylvania- based company, known for the signature catch phrase "good stuff cheap," has 181 retail stores across the United States. J.P. Morgan, Jefferies, Bofa Merrill Lynch, Credit Suisse and...

  • June 10- Canadian dollar-store operator Dollarama Inc reported a higher-than-expected quarterly profit on Wednesday as customers spent more per visit, boosting the company's same-store sales. The average check-out bill at Dollarama's stores rose 5.9 percent in the first quarter, with about 73.2 percent of sales being generated from items priced above C...

  • June 10- Canadian dollar-store operator Dollarama Inc reported a higher-than-expected quarterly profit on Wednesday as customers spent more per visit, giving a boost to same-store sales. The average check-out bill rose 5.9 percent as customers bought more items priced above C $1, the Montreal- based retailer said on Wednesday. Dollarama had 972 stores at the...

  • June 2- Discount retailer Dollar General Corp reported a better-than-expected quarterly profit, helped by higher prices and lower transportation costs. Dollar General's shares rose about 4 percent in light premarket trading. Dollar General's net income rose to $253.2 million, or 84 cents per share, in the quarter ended May 1 from $222.4 million, or 72 cents per...

  • Dollar General's quarterly sales rise 8.8 pct Tuesday, 2 Jun 2015 | 7:13 AM ET

    June 2- Discount retailer Dollar General Corp reported an 8.8 percent rise in quarterly sales, helped by higher demand for tobacco and healthcare products and perishable food items. The company's net income rose to $253.2 million, or 84 cents per share, in the first quarter ended May 1 from $222.4 million, or 72 cents per share, a year earlier. Dollar General's...

  • May 29- Discount retailer Dollar Tree Inc agreed to sell 330 Family Dollar Stores Inc stores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of Family Dollar. Dollar Tree said the stores represent about $45.5 million of operating income for Family Dollar, adding that Sycamore intends to operate the stores...

  • Dreiling, who joined Dollar General as CEO in January 2008, has been credited with making the company the top U.S. deep-discount retailer. Dollar General later made a bid for Family Dollar, which had already agreed to be bought by smaller rival Dollar Tree Inc, sparking off a months-long tussle for the No.2 U.S. discount retailer. Family Dollar's shareholders...

  • May 28- Discount retailer Dollar General Stores Inc said Chief Operating Officer Todd Vasos would replace Rick Dreiling as chief executive, effective June 3.

  • Canadian Tire to buy 12 Target property leases in Canada Wednesday, 6 May 2015 | 10:18 AM ET

    May 6- Retailer Canadian Tire Corp said it would buy real estate leases for 12 properties previously held by the Canadian unit of Target Corp for $17.7 million. The 12 new locations will add about 400,000 square feet of retail space to Canadian Tire Retail's store network, the company said on Wednesday. Target, the No. 2 U.S. discount chain, exited Canada last month...

  • Property writedown drags Tesco to worst ever loss Wednesday, 22 Apr 2015 | 2:12 AM ET

    LONDON, April 22- Britain's biggest retailer Tesco posted the worst annual loss in its 96- year history on Wednesday after writing down the value of its stores by 4.7 billion pounds. Also hurt by an accounting scandal and sliding sales due to pressure from discounters and a brutal price war the supermarket made a statutory pretax loss of 6.38 billion pounds in...

  • Target to close Canadian stores by April 12 Wednesday, 1 Apr 2015 | 5:55 PM ET

    April 1- Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12. The No. 2 U.S. discount chain said in January that it would exit Canada after struggling since its March 2013 launch, resulting in 17,000 employees losing their jobs and triggering a $5.1 billion quarterly charge. Minneapolis- based Target faced huge supply chain...

  • Tech turns tasty with printed pancakes Friday, 27 Mar 2015 | 10:20 AM ET

    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.

  • Sears posts 11th straight quarterly loss Thursday, 26 Feb 2015 | 6:13 AM ET

    Feb 26- Sears Holdings Corp, owner of Sears department stores and the Kmart discount chain, reported its 11th straight quarterly loss as sales continued to tumble. The net loss attributable to Sears narrowed to $159 million, or $1.50 per share, in the quarter ended Jan. 31, from $358 million, or $3.37 per share, a year earlier. Sears, controlled by hedge fund manager...

  • Wal-Mart CEO: Pay hike will boost morale Thursday, 19 Feb 2015 | 2:40 PM ET
    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.

  • Feb 10- Deep-discount retailer Ollie's Bargain Outlet, known for the signature catch phrase "good stuff cheap," is preparing for an initial public offering, according to people familiar with the matter. The Harrisburg, Pennsylvania- based company, which is owned by Chief Executive Officer Mark Butler and private equity firm CCMP Capital Advisors LLC, is working...

  • British tastebuds caught in crossfire of chocolate war Saturday, 7 Feb 2015 | 1:55 AM ET

    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.

  • Dollar General trims sales guidance Thursday, 4 Dec 2014 | 12:43 PM ET
    A customer walks into a Dollar General store near Montpelier, Vermont.

    Dollar General reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores.