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  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Shares of the company, which also reported lower-than-expected revenue, fell 11 percent to $66.25 in premarket trading on Thursday. The stock's multiple is likely to reset lower until the...

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Rival Macy's Inc said on Wednesday that first-quarter profit and sales were hurt by fewer customer visits due to unusually cold weather in February. Kohl's net income rose to $127 million, or 63...

  • May 14- Department store operator Kohl's Corp reported lower-than-expected quarterly same-store sales, hurt by colder-than-usual weather in February. The company's shares fell 4.7 percent to $71 in premarket trading on Thursday. The company's net income rose to $127 million, or 63 cents per share, from $125 million, or 60 cents per share, a year earlier.

  • May 13- Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods. The company posted a loss of $167 million, or 55 cents per share, in the first quarter ended May 2, compared with a net loss of $352 million, or $1.15 per share, a year...

  • Macy's quarterly profit falls 14 pct Wednesday, 13 May 2015 | 8:12 AM ET

    May 13- Macy's Inc reported a 14 percent drop in quarterly profit, hurt by lower foreign tourist spending in the United States, colder-than-usual weather in February and disruptions at West Coast ports. The department store operator's net income fell to $193 million, or 56 cents per share, in the first quarter ended May 2 from $224 million, or 60 cents per share, a...

  • Canadian Tire to buy 12 Target property leases in Canada Wednesday, 6 May 2015 | 10:18 AM ET

    May 6- Retailer Canadian Tire Corp said it would buy real estate leases for 12 properties previously held by the Canadian unit of Target Corp for $17.7 million. The 12 new locations will add about 400,000 square feet of retail space to Canadian Tire Retail's store network, the company said on Wednesday. Target, the No. 2 U.S. discount chain, exited Canada last month...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • Apple Watch goes on sale worldwide amid supply shortage Thursday, 23 Apr 2015 | 5:04 PM ET

    SAN FRANCISCO, April 23- The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders. Buyers can take the smart watch home from a handful of upscale boutiques and department stores, such as The Corner in...

  • Property writedown drags Tesco to worst ever loss Wednesday, 22 Apr 2015 | 2:12 AM ET

    LONDON, April 22- Britain's biggest retailer Tesco posted the worst annual loss in its 96- year history on Wednesday after writing down the value of its stores by 4.7 billion pounds. Also hurt by an accounting scandal and sliding sales due to pressure from discounters and a brutal price war the supermarket made a statutory pretax loss of 6.38 billion pounds in...

  • April 14- Department store chain J.C. Penney Co Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. J.C. Penney said it expected same-store sales to rise by about 3.5-4.5 percent in the first quarter, after adjusting for Easter falling in March this year. The company's shares fell 3...

  • April 14- J.C. Penney Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. The executive's email to the analyst said that J.C. Penney's same-store sales had risen about 6 percent in the period, the department store chain said in a regulatory filing on Tuesday. J.C. Penney said it expected...

  • UPDATE 1-Brazil tycoon Diniz raises Carrefour stake Thursday, 9 Apr 2015 | 12:11 PM ET

    PARIS, April 9- Brazilian billionaire Abilio Diniz has raised his stake in French retailer Carrefour to 5.07 percent from 2.4 percent, becoming its fourth-largest shareholder, Peninsula Participacoes, the investment vehicle overseeing Diniz's fortune, said. The Moulin Family, the owner of French department store Galeries Lafayette, is Carrefour's top...

  • HBC, whose roots in Canada date back to 1670, also owns U.S. department store chain Lord& Taylor, Hudson's Bay department stores in Canada, and Canadian house wares chain Home Outfitters. Earlier this year, HBC said it was forming two real estate joint ventures- one with U.S.-based Simon Property Group Inc and one with Canada's RioCan Real Estate Investment Trust-...

  • Target to close Canadian stores by April 12 Wednesday, 1 Apr 2015 | 5:55 PM ET

    April 1- Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12. The No. 2 U.S. discount chain said in January that it would exit Canada after struggling since its March 2013 launch, resulting in 17,000 employees losing their jobs and triggering a $5.1 billion quarterly charge. Minneapolis- based Target faced huge supply chain...

  • MOSCOW, March 26- Tesco Plc's F&F clothing brand will open its first outlets in Russia in the capital Moscow in June, a local partner of retailing businesses said on Thursday. Debruss, which is the Russian franchise operator for British department store group Debenhams Plc, said it would open two F&F outlets in June, followed by one more in August, in Moscow shopping...

  • LONDON, March 12- Britain's John Lewis Partnership posted a 9 percent fall in underlying profit on Thursday after an industry price war hit its Waitrose supermarket business, forcing it to cut its staff bonus payout for a second straight year. The 150- year-old employee-owned group, which runs Britain's biggest department store chain as well as its sixth...

  • JAKARTA, March 4- Selling goods online may only rely on a few mouse clicks, but in Indonesia, delivering purchases to dozens of islands via creaky ports and potholed roads is the logistical challenge Lippo Group faces when its department store opens in cyberspace this month. Lippo, the biggest shareholder of No. 1 retailer PT Matahari Department Store Tbk, is...

  • Feb 26- Shares of department store chain J.C. Penney Co Inc tumbled 12 percent in after-hours trade on Thursday after it posted a surprise quarterly loss and forecast small margin improvements this year. J.C. Penney said sales at stores open more than a year rose 4.4 percent in the holiday quarter, the high end of its guidance for 3.5 to 4.5 percent growth, driven by...

  • Feb 26- Department store chain J.C. Penney Co Inc reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. J.C. Penney posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share, a year earlier.