NEW YORK— Target Corp. is offering for the first time free shipping on all items for its online holiday customers, including even $6 lipsticks, as the discounter throws itself in the ring to compete better with the likes of Amazon. The move is unusually early for a retailer— happening weeks before the official holiday season kickoff over the Thanksgiving weekend—...» Read More
Aug 20- Struggling department store chain Sears Canada Inc reported a quarterly loss as sales declined. The company reported a net loss of C $21.3 million, or 21 Canadian cents per share, for the second quarter ended Aug. 2 compared with a profit of C $152.8 million, or C $1.50 per share, a year earlier.
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.
Aug 14- Department store chain J.C. Penney reported stronger- than-expected quarterly same-store sales, bucking a trend of disappointing sales from peers such as Wal-Mart Stores Inc and Macy's Inc.. J.C. Penney's shares were up 3.2 percent in extended trading after the company also reported a much smaller second-quarter loss.
Aug 14- Department store chain J.C. Penney Company Inc reported a 5 percent rise in quarterly sales, helped by increased demand for household goods, apparel and jewelry. The company said its loss narrowed to $172 million, or 56 cents per share, in the second quarter ended August 2, from $586 million, or $2.66 per share a year earlier.
Aug 14- Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.
Aug 14- Department store chain Kohl's Corp reported a 1.1 percent decline in quarterly sales, largely due to lower traffic at its stores. The company's net sales fell to $4.24 billion in the second quarter from $4.29 billion a year earlier.
*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.
Macy's Inc quarterly earnings missed analysts' estimates and the department store operator slashed its full-year same-store sales forecast, driving the stock down 5.5 percent to $56.47. Other major retailers, including Wal-Mart Stores Inc, are expected to report results on Thursday. Wal-Mart shares slipped 0.3 percent to $74.03.
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.
Aug 4- Michael Kors Holdings Ltd, known for its trendy handbags and watches, said it expects margins to shrink for the year as it invests more to open stores in Europe and increases the number of shops it has in department stores. Michael Kors' shares fell more than 7 percent in early trading.
July 29- Activist investor Carl Icahn cut his stake in Family Dollar Stores Inc, a day after the company agreed to be bought by rival discount chain Dollar Tree Inc for $8.5 billion. Icahn said he was "determined" to dispose part of his stake rather than wait for the deal to close or for higher offers to emerge.
*Company to beat Dollar General as top N. America discount chain. July 28- Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp..
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. Zillow Inc agreed to buy Trulia Inc for $3.5 billion in stock in a deal that would combine the two most popular U.S. real estate website operators Trulia's shares jumped 15.4 percent to $65.04.
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion.
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.
SYDNEY, July 17- An Australian court on Thursday approved the takeover of Australia's David Jones Ltd by South Africa's Woolworths Holdings Ltd, clearing a final hurdle for the $2 billion deal. Shareholders of both companies have already voted in favour of the A $4.00 per share bid for Australia' No.2 department store by sales.
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.