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...» Read More
*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.
Sept 2- Dollar General Corp, the No.1 U.S. deep discount retailer, said it raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, from $78.50 per share. Dollar General said last week it remained committed to acquiring Family Dollar, after the target rejected the previous offer, saying the deal could run foul of competition law.
Aug 28- Dollar General Corp said it remained committed to acquiring rival Family Dollar Stores Inc, pointing to a prolonged battle for dominance of the deep discount retail sector in the United States.
Aug 28- Dollar General Corp, the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc and that its offer was both superior and achievable than an offer from Dollar Tree Inc.
Aug 28- Dollar General Corp, the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc and reported a 7.5 percent rise in quarterly sales.
Aug 21- Sears Holdings Corp, owner of Sears department stores and Kmart discount chain, reported its ninth straight quarterly loss as sales continued their decade-long fall. Loss attributable to shareholders widened to $573 million, or $5.39 per share, in the second quarter ended Aug. 2 from $194 million, or $1.83 per share, a year earlier.
Carlsberg, the Danish brewer, became one of the first major European companies to warn over the impact of the Ukrainian crisis.
Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc.. Dollar General's offer of $78.50 per share in cash represents a premium of 3.2 percent to Family Dollar's Friday close.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $78.50 per share in cash, trumping an offer by Dollar Tree Inc. The deal, at an enterprise value of $9.7 billion, was proposed in a letter to Family Dollar's board.
Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
*Food boss Steve Rowe says would like to be CEO one day. LONDON, Aug 14- British retailer Marks& Spencer is close to having both its food and general merchandise divisions "firing on all cylinders" and expects a better Christmas after poor clothing sales hit last holiday season, according to its food business head.
Aug 5- Discount retailer Dollar General Corp is considering a rival bid to Dollar Tree Inc' s $8.5 billion offer for Family Dollar Stores Inc, Bloomberg reported, citing people with knowledge of the matter. Dollar General shares were up 3 percent at $57.62 on the New York Stock Exchange on Tuesday.
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.