GO
Loading...

Enter multiple symbols separated by commas

Multiline Retail

More

  • 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...

  • LONDON, Jan 8- Marks& Spencer missed Christmas sales forecasts, hit by delivery problems at its online business and raising fresh questions about chief executive Marc Bolland's turnaround strategy for Britain's biggest clothing retailer. The 131- year-old mainstay of Britain's shopping streets said on Wednesday same-store sales of general merchandise,...

  • LONDON, Jan 8- Marks& Spencer posted a worse than expected 5.8 percent drop in underlying sales of clothing, gifts and homeware in its Christmas quarter, exacerbated by online delivery problems. The performance was a fourteenth consecutive quarterly decline in general merchandise sales for the British retailer, far underperforming analyst expectations for...

  • In a first glimpse of how the season shaped up for major retailers, JC Penney Company Inc reported on Tuesday comparable store holiday sales growth of 3.7 percent, surprising investors and driving the struggling department store operator's stock up 16.6 percent. JC Penney would not comment on what impact gas prices had on its results. The impact is expected to...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales rose 3.7 percent in November and December, boosting its shares and offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Brian Sozzi, head of Belus Capital Advisors, said investors had been overly bearish on J.C. Penney's prospects and...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales for November-December rose 3.7 percent, offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Shares of J.C. Penney, which showed signs of a rebound this year after a failed attempt to move upmarket, jumped 20 percent in extended trading.

  • Jan 6- Department store operator J.C. Penney Co Inc said it expected fourth-quarter comparable store sales growth at the upper end of its previous forecast of 2-4 percent, sending its shares up 15 percent in extended trading.

  • Family Dollar, the second largest U.S. discount retailer, said it adjourned the meeting as there were not enough votes to adopt the Dollar Tree agreement. Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all-cash bids from bigger rival Dollar General Corp, citing antitrust concerns.

  • Last U.S. holiday shopping weekend off to solid start Saturday, 20 Dec 2014 | 3:57 PM ET

    CHICAGO/ NEW YORK, Dec 20- Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results. Crowds were building at stores in and around New York, Philadelphia, Chicago and Los Angeles by midday on Saturday.

  • *Delivery delays in UK after "Black Friday" surge. BERLIN/ PARIS, Dec 18- The Christmas rush is exposing the limitations of internet-only retailers as surging orders cause delivery delays, allowing Europe's shops to fight back with "click and collect" services and more in-store theatre. Britain's biggest department store group John Lewis, which was early to...

  • Dec 17- Canadian department store operator Hudson's Bay Co named Toys R Us Inc's former chief executive Gerald Storch as its new CEO, as the owner of Lord& Taylor and Saks chains looks to expand its online presence. Hudson's Bay's total online sales touched C $228 million in the third quarter, accounting for about 12 percent of the company's retail sales.

  • PARIS, Dec 14- The first thing one sees on entering Guerlain's perfume shop in Paris' Champs Elysees is the French brand's exclusive collection- Les Parisiennes- which costs 200 euros a bottle and is sold only in a few dozen shops around the world. Niche brands take up increasingly more shelf space at upmarket department stores such as Harrods in London, Printemps...

  • TORONTO, Dec 9- The purchase of upscale U.S. retailer Saks Inc helped Canadian department store operator Hudson's Bay Co nearly double retail sales and post a smaller quarterly loss on Tuesday. While its earnings per share were slightly below expectations, Hudson's Bay stock rebounded from early losses to rise 2.1 percent to C $23.99 in Toronto.

  • UPDATE 1-Saks owner Hudson's Bay posts smaller loss Tuesday, 9 Dec 2014 | 8:39 AM ET

    Dec 9- Canadian department store operator Hudson's Bay Co posted a smaller quarterly loss, helped by higher same-store sales, its purchase of U.S. upscale retailer Saks Inc last year and lower acquisition-related finance costs. Same-store sales at the company's stores, including Hudson's Bay outlets and its U.S.-based Lord& Taylor chain, rose 1.7 percent in...

  • Dec 9- Canadian department store operator Hudson's Bay Co posted a smaller quarterly loss, helped by its acquisition of U.S. upscale retailer Saks Inc last year. Hudson's Bay said its net loss from continuing operations narrowed to C $13 million, or 7 Canadian cents per share, in the third quarter ended Nov. 1 from C $126 million, or C $1.05 per share, a year earlier.

  • U.S. holiday shopping discounts deepen, last longer Saturday, 6 Dec 2014 | 10:52 AM ET

    Dec 6- Amarilis Sinchi visited Macy's at a New Jersey mall on Black Friday, but she waited until this week to purchase the red fleece pajamas she had her eye on. The 21- year-old student ended up paying $13 at the department store, down from $30 on Friday, which has traditionally been the best day for deals during the U.S. holiday season. "We're experiencing...

  • 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.

  • Dec 4- Dollar General Corp reined in its full-year sales forecast on Thursday and said it remained committed to buying Family Dollar Stores Inc, which would solidify its place as the No. 1 U.S. discount retailer. Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.. Dollar General took its $80-...

  • Dec 4- Canadian discount chain Dollarama Inc reported a better-than-expected quarterly profit, helped by strong Halloween sales and higher spending at established stores. Dollarama, which has 928 stores as of Nov. 2, said it opened 11 new stores in the quarter and was on track to open 70 to 80 new stores in fiscal 2015 ending January. Dollarama earned 55 Canadian...