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  • Nelson Peltz cuts stake in Family Dollar Tuesday, 27 Jan 2015 | 6:25 AM ET

    Jan 27- Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent. Trian Management sold about 6 million shares of the discount retailer, the hedge fund said in a regulatory filing on Tuesday. Family Dollar's shareholders approved an $8.5 billion deal last week to be bought by Dollar Tree...

  • Jan 22- Dollar General Corp could make smaller acquisitions and build its store footprint to better compete with Dollar Tree Inc, which is poised to become the largest discount retailer after its acquisition of Family Dollar Stores Inc.. On Thursday, Family Dollar shareholders approved a cash-and-stock deal to be bought by Dollar Tree for $8.5 billion,...

  • Russian retailer O'Key hit hard by downturn, food ban Thursday, 22 Jan 2015 | 9:21 AM ET

    MOSCOW, Jan 22- Russian food retailer O'Key said on Thursday its fourth quarter like-for-like sales fell 5 percent because of a sharp drop in customer traffic. Russia banned some food imports from the West in August for one year in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. Unlike Magnit and X5, which operate large discount chains,...

  • NEW YORK, Jan 21- Family Dollar Stores Inc shareholders will vote on Thursday on an agreement to be bought by fellow discount retailer Dollar Tree Inc, possibly putting an end to a months-long tussle with Dollar General Corp.. Traders in the options market appear to be betting on a Dollar Tree win and have been positioning for Dollar General shares to come under...

  • TORONTO, Jan 15- Target Corp will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss. Minneapolis- based Target, the No. 2 discount chain in the United States, has struggled in Canada since its March 2013 launch. Stores checked by Reuters in Vancouver,...

  • UPDATE 3-In surprise move, Target to pull out of Canada Thursday, 15 Jan 2015 | 12:18 PM ET

    TORONTO, Jan 15- Target Corp will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat that will put more than 17,000 employees out of work and cost it billions. Minneapolis- based Target, the No. 2 discount chain in the United States, has struggled in Canada since its 2013...

  • UPDATE 2-In surprise move, Target to pull out of Canada Thursday, 15 Jan 2015 | 10:23 AM ET

    TORONTO, Jan 15- Target Corp will abandon its ill-fated expansion into Canada less than two years after its launch, the U.S. discount retailer said on Thursday in a surprise full retreat that will put more than 17,000 employees out of work and cost the company billions in writedowns. Target's shares rose 3 percent in midmorning trading after the company said it...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar, the No. 2 U.S. discount retailer, had previously disclosed...

  • LONDON, Jan 8- Marks& Spencer missed Christmas sales forecasts, hit by delivery problems at its online business and raising fresh questions about chief executive Marc Bolland's turnaround strategy for Britain's biggest clothing retailer. The 131- year-old mainstay of Britain's shopping streets said on Wednesday same-store sales of general merchandise,...

  • LONDON, Jan 8- Marks& Spencer posted a worse than expected 5.8 percent drop in underlying sales of clothing, gifts and homeware in its Christmas quarter, exacerbated by online delivery problems. The performance was a fourteenth consecutive quarterly decline in general merchandise sales for the British retailer, far underperforming analyst expectations for...

  • Family Dollar, the second largest U.S. discount retailer, said it adjourned the meeting as there were not enough votes to adopt the Dollar Tree agreement. Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all-cash bids from bigger rival Dollar General Corp, citing antitrust concerns.

  • 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.

  • Dec 4- Dollar General Corp reined in its full-year sales forecast on Thursday and said it remained committed to buying Family Dollar Stores Inc, which would solidify its place as the No. 1 U.S. discount retailer. Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.. Dollar General took its $80-...

  • Dec 4- Canadian discount chain Dollarama Inc reported a better-than-expected quarterly profit, helped by strong Halloween sales and higher spending at established stores. Dollarama, which has 928 stores as of Nov. 2, said it opened 11 new stores in the quarter and was on track to open 70 to 80 new stores in fiscal 2015 ending January. Dollarama earned 55 Canadian...

  • Dec 4- Dollar General Corp reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores Inc, a deal that would allow it to keep its position as the No. 1 U.S. discount retailer. Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.. Dollar General took its $80...

  • Dec 4- Canadian discount chain Dollarama Inc reported a 18.4 percent rise in third-quarter profit, helped by strong Halloween sales and store openings. Net income rose to C $73 million, or 55 Canadian cents per share, in the quarter ended Nov. 2 from C $61.7 million, or 43 Canadian cents per share, a year earlier. The Montreal- based company's revenue rose 12.4 percent...

  • Dec 4- Dollar General Corp reported a 7.8 percent rise in quarterly sales and said it remained committed to buying Family Dollar Stores Inc, which has already agreed to be acquired by Dollar Tree Inc.. Dollar Tree will unseat Dollar General as the No. 1 U.S. deep-discount retailer if it closes the deal with Family Dollar. Dollar General's net income slipped to...

  • Nov 20- Discount retailer Dollar Tree Inc said it was confident it would need to divest fewer stores than anticipated to win antitrust approval to buy Family Dollar Stores Inc.. Dollar Tree's shares rose as much as 7 percent to a record high of $67.08 on Thursday. Dollar Tree will become the largest U.S. dollar store chain if it pulls off the deal by fending off a...

  • Dollar Tree posts best sales growth since 2011 Thursday, 20 Nov 2014 | 11:12 AM ET
    A Dollar Tree store, July 28, 2014 in Miami, Florida.

    Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.

  • Nov 20- Discount retailer Dollar Tree Inc raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.. Dollar Tree, which like other discounters is facing competition from small-format stores opened by big retailers such as Wal-Mart Stores Inc, will become the largest dollar store chain if it pulls off...