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General Merchandise Stores

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  • 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...

  • 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.

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

  • UK supermarket sales fall for first time on record Tuesday, 18 Nov 2014 | 9:42 AM ET

    The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.

  • Carlsberg warns on profits over Russia hit Wednesday, 20 Aug 2014 | 12:05 PM ET
    A Carlsberg advertisement

    Carlsberg, the Danish brewer, became one of the first major European companies to warn over the impact of the Ukrainian crisis.

  • 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.

  • Stronger growth in US chain store sales figures: Pro Tuesday, 8 Jul 2014 | 5:30 AM ET
    Stronger growth in US chain store sales figures: Pro

    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?

  • 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.

  • Where’s the beef? Industry at crossroads Thursday, 16 Jan 2014 | 12:20 AM ET

    Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.

  • Sriracha fight set to simmer a little longer Friday, 22 Nov 2013 | 6:54 PM ET

    A Los Angeles Superior Court judge heard testimony Friday from attorneys for the city of Irwindale, Calif., and the owner of the Sriracha plant.

  • Watch: CNBC anchorman stays classy Thursday, 24 Oct 2013 | 5:52 AM ET

    CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.

  • Is a Halal food market boom on its way? Friday, 27 Sep 2013 | 11:51 AM ET
    A halal butcher

    The halal food market has huge potential for growth after being largely neglected in the U.K.

  • Traditional grocers poised to join e-commerce boom Thursday, 19 Sep 2013 | 6:00 AM ET
    A Peapod worker at one of its online distribution facilities in Lake Zurich, Ill.

    A distribution model popular in Europe could finally give U.S. grocery stores a solid online footing.

  • Bag ban: New York's future may not be in plastics Wednesday, 21 Aug 2013 | 5:52 PM ET

    At least nine City Council members back legislation to require most retailers to charge customers 10 cents for each bag.