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.» Read More
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.
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 store closures and competition intensified.
Family Dollar's earnings fell by a third as the company resorted to discounts to clear inventory and competition intensified.
July 10- Discount retailer Family Dollar Stores Inc's quarterly profit fell by a third as the company resorted to discounts to clear inventory and competition intensified.
June 27- Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc.. Dollar General's shares fell as much as 8 percent and Family Dollar's as much as 4 percent in morning trading on Friday.
LONDON, June 4- Britain's biggest retailer Tesco recorded its worst quarterly UK sales drop in 40 years, raising questions over boss Phil Clarke's strategy to counter the challenges of a rapidly-changing grocery industry. They are turning to fast-growing discounters Aldi and Lidl for basics and Waitrose and Marks& Spencer for top end treats.
June 3- Discount retailer Dollar General Corp said it expects gross margins to improve in the second half of the year as it focuses on more profitable products such as accessories and stationery items priced at $1- $5. Dollar General shares rose as much as 5 percent on Tuesday.
June 3- Discount chain Dollar General Corp stuck to its full-year profit forecast despite reporting a first-quarter profit below analysts' estimates. The retailer said it expects to earn $3.45- $3.55 per share for the year ending January 2015.
June 3- Discount chain Dollar General Corp reported a lower-than-expected quarterly profit, blaming tough competition, a harsh winter and weak consumer spending. Net income rose to $222 million, or 72 cents per share, in the first quarter ended May 2, from $220 million, or 67 cents per share, a year earlier.
Costco reported third-quarter results below analysts' estimates hurt by an increase in merchandise costs and other expenses.
Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.
May 22- Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest the fall in sales despite offering heavy discounts to woo shoppers. The company, which operates Sears department stores and the Kmart discount chain, said revenue fell 6.8 percent to $7.88 billion.
May 15- Department store operator J.C. Penney Co Inc reported a 6.3 percent rise in first-quarter sales, helped by strong sales of household goods and men's and women's apparel. J.C. Penney shares rose 15 percent to $9.67 in after-hours trading on Thursday.
*Sears Holdings says it may put Sears Canada up for sale. May 14- Sears Holdings Corp said on Wednesday that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.
May 14- Department store operator Macy's Inc said business was picking up after severe winter weather resulted in weaker-than-expected sales in the first quarter, allowing the company to stick to its full-year profit forecast. Macy's, which also owns the high-end Bloomingdale's chain, reaffirmed its earnings forecast of $4.40- $4.50 per share for the year.
Wal-Mart is fast becoming a "fierce threat" to Amazon's dominance of online shopping, a leading retail analyst tells CNBC.
May 14- Macy's Inc reported a 1.7 percent decline in quarterly sales as a severe winter across parts of the United States deterred shoppers from visiting its department stores. The company, which also owns the high-end Bloomingdale's chain, said revenue fell to $6.28 billion in the first quarter ended May 3 from $6.39 billion, a year earlier.
May 14- Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada Inc and could even put the whole Canadian department store operator up for sale. Shares of Sears Holdings, controlled by hedge fund billionaire Eddie Lampert, rose 8 percent to $46.48 in premarket trading.