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Multiline Retail

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  • 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...

  • Dec 4- Dollar General Corp reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores Inc, a deal that would allow it to keep its position 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 18.4 percent rise in third-quarter profit, helped by strong Halloween sales and store openings. Net income rose to C $73 million, or 55 Canadian cents per share, in the quarter ended Nov. 2 from C $61.7 million, or 43 Canadian cents per share, a year earlier. The Montreal- based company's revenue rose 12.4 percent...

  • Dec 4- Dollar General Corp reported a 7.8 percent rise in quarterly sales and said it remained committed to buying Family Dollar Stores Inc, which has already agreed to be acquired by Dollar Tree Inc.. Dollar Tree will unseat Dollar General as the No. 1 U.S. deep-discount retailer if it closes the deal with Family Dollar. Dollar General's net income slipped to...

  • Nov 20- Discount retailer Dollar Tree Inc said it was confident it would need to divest fewer stores than anticipated to win antitrust approval to buy Family Dollar Stores Inc.. Dollar Tree's shares rose as much as 7 percent to a record high of $67.08 on Thursday. Dollar Tree will become the largest U.S. dollar store chain if it pulls off the deal by fending off a...

  • Dollar Tree posts best sales growth since 2011 Thursday, 20 Nov 2014 | 11:12 AM ET
    A Dollar Tree store in Miami, Florida.

    Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.

  • Nov 20- Discount retailer Dollar Tree Inc raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.. Dollar Tree, which like other discounters is facing competition from small-format stores opened by big retailers such as Wal-Mart Stores Inc, will become the largest dollar store chain if it pulls off...

  • Nov 20- Discount retailer Dollar Tree Inc reported its strongest growth in quarterly same-store sales since 2011.. Dollar Tree's net income rose 6 percent to $133 million, or 64 cents per share, in the third quarter ended Nov. 1. Dollar Tree has agreed to buy Family Dollar Inc but the deal is facing a challenge from Dollar General Corp, the No. 1 U.S. discount chain.

  • Nov 18- Struggling department store chain Sears Canada Inc reported its 10th loss in 15 quarters, showing little sign that its turnaround plans are bearing fruit. Sales at the company's stores has been declining for years, faced with tough competition from U.S.-based rivals such as Wal-Mart Stores Inc, Target Corp and Nordstrom Inc.. Sears Canada, most of whose...

  • Sears Canada posts loss as sales fall Tuesday, 18 Nov 2014 | 7:09 AM ET

    Nov 18- Sears Canada Inc reported its third straight quarterly loss, as sales continued to decline at the struggling department store chain. Net loss widened to C $118.7 million, or C $1.16 per share, in the third quarter ended Nov. 1, from C $48.8 million, or 48 Canadian cents per share, a year earlier. The company, in which Sears Holdings Corp has a stake, said revenue fell...

  • Nov 13- Department store operator Kohl's Corp's quarterly profit and revenue missed estimates as same-store sales dipped below the company's own estimate, in sharp contrast to Wal-Mart Stores Inc, which posted its first rise in U.S. same-store sales in seven quarters. Kohl's shares fell as much as 4 percent to $55.63 in morning trading, while Wal-Mart's shares...

  • Nov 13- Department store operator Kohl's Corp reported lower-than-expected quarterly sales and profit as comparable-store sales declined more than the company's own estimate and costs rose. Rival J.C. Penney Co Inc on Wednesday reported flat comparable-store sales as autumn sales slow, while Macy's Inc said it expected comparable-store sales, excluding...

  • Kohl's quarterly profit falls 20 pct on weak demand Thursday, 13 Nov 2014 | 7:21 AM ET

    Nov 13- Department store operator Kohl's Corp reported a nearly 20 percent drop in quarterly profit, hurt by a bigger-than-estimated decline in comparable-store sales and increased costs. The company's net income fell to $142 million, or 70 cents per share, in the third quarter ended Nov. 1, from $177 million, or 81 cents per share, a year earlier.