Department Stores
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on Friday gave the following sales figures for the latest week compared with a year earlier. Week to Apr 27 13 weeks to Apr 27. "A stronger week with total sales up 5.3 percent on last year, helped by' Extravaganza' and warmer weather," John Lewis said of the department store outcome.
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Fitch Ratings has assigned China- based department store operator Parkson Retail Group Limited's USD500m notes due 2018 a final rating of' BBB-'. The final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 22 April 2013.
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SEOUL/ HONG KONG, April 29 Fitch Ratings has assigned China- based department store operator Parkson Retail Group Limited's USD500m notes due 2018 a final rating of' BBB-'. The final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 22 April 2013.
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April 26- Goldman Sachs has arranged a $1.75 billion financing package for J.C. Penney Co Inc, backed by the department store chain's real estate and other assets, a source familiar with the situation said on Friday.
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By Caleb Frazier and Alistair Barr. April 26- Goldman Sachs has arranged a $1.75 billion financing package for J.C. Penney Co Inc, backed by the department store chain's real estate and other assets, a source familiar with the situation said on Friday.
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April 26- Goldman Sachs has arranged a $1.75 billion financing package for retailer J.C. Penney Co Inc, backed by the department store chain's real estate and other assets, CNBC reported on Friday.
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April 26- Goldman Sachs has arranged a $1.75 billion financing package for retailer J.C. Penney Co Inc, backed by the department store chain's real estate and other assets, CNBC reported on Friday.
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April 26- Goldman Sachs has arranged a $1.75 billion financing package for retailer J.C. Penney Co Inc, backed by the department store chain's real estate and other assets, CNBC reported on Friday.
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BOSTON, April 26- Goldman Sachs has arranged a $1.75 billion financing package for retailer J.C. Penney Co, backed by the department store chain's real estate and other assets, CNBC reported on Friday. Penney shares rose 10.4 percent in late-afternoon trading after the CNBC report. The company could not immediately be reached for comment.
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*First-quarter FFO $2.05 vs Wall Street $2.01. NEW YORK, April 26- Simon Property Group Inc, the largest owner of U.S. malls, has little interest in buying department store space from retailers and leasing it back, a senior executive said on Friday, a stance that may limit options for cash-strapped J.C. Penney Co Inc..
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*Week to April 20 dept store sales down 0.1 pct to 61.9 mln stg. LONDON, April 26- Department store group, John Lewis, said its sales edged lower last week as Britons chose to enjoy some rare sunshine rather than shop.
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NEW YORK, April 25- Billionaire investor George Soros reported a 7.9 percent passive stake in struggling department store chain J.C. Penney Co on Thursday.
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April 15- J.C. Penney Co Inc has borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory as the department store operator revamps its business strategy after a failed turnaround.
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Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
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NEW YORK, April 12- A New York judge on Friday handed embattled J.C. Penney Co Inc an interim victory in its dispute with Macy's Inc over goods designed by Martha Stewart. The two retailers are battling over the rights to sell Martha Stewart products in what are challenging times for department stores, especially J.C. Penney.
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Is the worst finally over for beleaguered department store JC Penney?
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*J.C. Penney tumbles after CEO shake-up. *Alcoa falls after revenue misses expectations. J.C. Penney was the largest loser on the S&P 500 as its shares slid 10.8 percent to $14.16 after the department store chain replaced Chief Executive Ron Johnson with his predecessor.
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*Department store J.C. Penney tumbles after CEO shake-up. NEW YORK, April 9- U.S. stocks were flat on Tuesday as cautious investors waited to see if earnings would keep the market rally alive, while the choice of chief executive at J.C. Penney sent the retail chain plunging.
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Penney shoppers: Meet the new boss. The struggling department store chain parted ways with Chief Executive Ron Johnson, who failed to win over shoppers and investors with his everyday-low-price strategy, and on Monday rehired Johnson's predecessor, former CEO Myron Ullman, to revive the company.
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April 8- Ron Johnson is out as chief executive of the department store chain J.C. Penney, which said on Monday that former boss Mike Ullman would return as CEO less than two years after Johnson replaced him. J.C. Penney shares rose 10.8 percent in after-hours trading after the news, first reported by CNBC.