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General Merchandise Stores

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  • July 28- Discount store chain Dollar Tree Inc offered to buy rival Family Dollar Stores Inc for about $8.5 billion, in a deal the companies said would create North America's leading discount retailer. Dollar Tree's offer of $74.50 per share in cash and stock represents a premium of about 23 percent over Family Dollar's close of $60.66 on Friday.

  • July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of planned store closures and competition intensified.

  • UPDATE 1-Family Dollar profit falls by a third Thursday, 10 Jul 2014 | 8:01 AM ET

    July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of store closures and competition intensified.

  • Family Dollar profit falls by a third Thursday, 10 Jul 2014 | 7:22 AM ET
    Family Dollar store

    Family Dollar's earnings fell by a third as the company resorted to discounts to clear inventory and competition intensified.

  • Family Dollar profit falls by a third Thursday, 10 Jul 2014 | 7:16 AM ET

    July 10- Discount retailer Family Dollar Stores Inc's quarterly profit fell by a third as the company resorted to discounts to clear inventory and competition intensified.

  • Stronger growth in U.S. chain store sales is proof of robust consumer spending in the U.S., says Jharonne Martis, director of research at Thomson Reuters.

  • Cupcake shop Crumbs shuttering all its stores Tuesday, 8 Jul 2014 | 4:07 AM ET
    A selection of cupcakes is seen at Crumbs Bake Shop.

    Crumbs says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.

  • Cereal industry ponders future as appetites change Saturday, 28 Jun 2014 | 7:00 AM ET

    Here are three ways Americans are taking a different approach to breakfast. Who may be the winners and losers of the shift?

  • June 27- Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc.. Dollar General's shares fell as much as 8 percent and Family Dollar's as much as 4 percent in morning trading on Friday.

  • LONDON, June 4- Britain's biggest retailer Tesco recorded its worst quarterly UK sales drop in 40 years, raising questions over boss Phil Clarke's strategy to counter the challenges of a rapidly-changing grocery industry. They are turning to fast-growing discounters Aldi and Lidl for basics and Waitrose and Marks& Spencer for top end treats.

  • June 3- Discount retailer Dollar General Corp said it expects gross margins to improve in the second half of the year as it focuses on more profitable products such as accessories and stationery items priced at $1- $5. Dollar General shares rose as much as 5 percent on Tuesday.

  • June 3- Discount chain Dollar General Corp stuck to its full-year profit forecast despite reporting a first-quarter profit below analysts' estimates. The retailer said it expects to earn $3.45- $3.55 per share for the year ending January 2015.

  • Dollar General quarterly profit misses estimates Tuesday, 3 Jun 2014 | 7:16 AM ET

    June 3- Discount chain Dollar General Corp reported a lower-than-expected quarterly profit, blaming tough competition, a harsh winter and weak consumer spending. Net income rose to $222 million, or 72 cents per share, in the first quarter ended May 2, from $220 million, or 67 cents per share, a year earlier.

  • Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.

  • Sears posts bigger loss as sales slide Thursday, 22 May 2014 | 6:10 AM ET

    May 22- Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest the fall in sales despite offering heavy discounts to woo shoppers. The company, which operates Sears department stores and the Kmart discount chain, said revenue fell 6.8 percent to $7.88 billion.

  • TORONTO, May 8- Target Stores Inc's problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn't have the panache Canadians anticipated they would find in a retailer renowned for its "cheap chic."

  • TORONTO, May 8- Target Stores Inc's problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn't have the panache Canadians anticipated they would find in a retailer renowned for its "cheap chic."

  • Flu drug stockpiles a waste of money: Report Thursday, 10 Apr 2014 | 6:27 AM ET

    The U.K. and U.S. governments spent millions stockpiling a flu drug that is no better than paracetamol, according to a new report.

  • March 10- Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches.

  • LONDON, Feb 18- Poundland, Europe's largest single-price discount retailer, plans a 750 million pound flotation on the London Stock Exchange, cashing in on the recession-proof allure of goods that sell for just one pound.