Multiline Retail General Merchandise Stores

  • *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...

  • 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...

  • 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.