Feb 26- Sears Holdings Corp, owner of Sears department stores and the Kmart discount chain, reported its 11th straight quarterly loss as sales continued to tumble. The net loss attributable to Sears narrowed to $159 million, or $1.50 per share, in the quarter ended Jan. 31, from $358 million, or $3.37 per share, a year earlier. Sears, controlled by hedge fund manager...» Read More
Nov 20- Discount retailer Dollar Tree Inc reported its strongest growth in quarterly same-store sales since 2011.. Dollar Tree's net income rose 6 percent to $133 million, or 64 cents per share, in the third quarter ended Nov. 1. Dollar Tree has agreed to buy Family Dollar Inc but the deal is facing a challenge from Dollar General Corp, the No. 1 U.S. discount chain.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
LONDON, Nov 6- Britain's Morrisons posted another big fall in quarterly sales as shoppers sought savings in discount chains or paid more for upmarket treats though the grocer said its plan to address changing industry trends was working. With wages stagnant, discounters are booming and all Britain's grocers have responded by cutting prices, hitting profits.
LEEDS, England, Nov 6- British supermarket operator J Sainsbury Plc's answer to discounters Aldi and Lidl was unveiled on Thursday, with the opening of its first Netto-branded store in northern England tasked to win over thrifty shoppers. Sainsbury and Dansk Supermarked, Denmark's largest retailer whose Netto brand is present in five countries, have each...
*Carrefour 5 pct dearer than Lidl vs 20 pct premium in UK- LEK. PARIS/ BERLIN, Oct 20- The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers. In Britain, Tesco, Wal-Mart's Asda, Sainsbury and Morrison are all losing shoppers to discounters Aldi and Lidl, which have...
Oct 13- Texas- based discounter Alco Stores Inc filed for bankruptcy, joining the list of smaller U.S. retailers seeking protection from creditors. Alco said it had an initial, or "stalking horse," bid from a joint venture including Tiger Capital Group LLC, SB Capital Group LLC and Great American Group WF LLC. As of July, the company listed assets of $221.8 million and...
Oct 10- Retailer Sears Holdings Corp said the payment data system at its Kmart Holding Corp unit had been breached, and that certain debit and credit card numbers could have been compromised. Discount chain Kmart is investigating the breach. The investigation, which indicates the breach began in September, revealed that no personal information, debit card PIN...
Sept 11- Canadian dollar-store operator Dollarama Inc reported a 15 percent rise in quarterly profit as its number of stores increased and customers spent more per visit. Discount chains such as Dollarama are a popular choice for customers looking to save costs in a struggling economy.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's sweetened takeover bid, saying the offer still did not address antitrust concerns, raising the prospect that the No. 1 U.S. deep discount chain will go "hostile" with its offer.
Carlsberg, the Danish brewer, became one of the first major European companies to warn over the impact of the Ukrainian crisis.
Family Dollar's earnings 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.
Crumbs says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.
Here are three ways Americans are taking a different approach to breakfast. Who may be the winners and losers of the shift?
The U.K. and U.S. governments spent millions stockpiling a flu drug that is no better than paracetamol, according to a new report.
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.
A Los Angeles Superior Court judge heard testimony Friday from attorneys for the city of Irwindale, Calif., and the owner of the Sriracha plant.
CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.
The halal food market has huge potential for growth after being largely neglected in the U.K.
A distribution model popular in Europe could finally give U.S. grocery stores a solid online footing.