Lovers Charlize Theron and Sean Penn electrify Dior's couture show, as fashion gets political GM ignition switch redesign at heart of recalls started as move to address customer complaints Samsung's operating profit hits 2- year low in 2 Q on strong won, weak smartphone sales in China Stocks pull back, bringing the Dow Jones industrial average back near 17,000; Airlines fall Archer Daniels Midland to buy natural-flavoring maker Wild Flavors for $3 billion Asian stock markets lackluster after key US indexes pull back from record highs Truckers picket at ports of Los Angeles, Long Beach; wider disruption of trade possible Report: Homeowners have gotten $3.1 B cash under US settlement over mortgages with 13 banks Thieves raid Samsung plant in Brazil, make off with millions worth of electronics Second investor Longview pushes for pet food retailer PetSmart to sell itself» Read More
April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, said it bought Progressive Finance Holdings LLC from private equity firm Summit Partners for about $700 million in cash. Aaron's said it expects the deal to add to its cash earnings per share from 2014.. The company services more than 5,500 retailers in the United States.
April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, said it will buy Progressive Finance Holdings Llc from private equity firm Summit Partners for about $700 million in cash. Aaron's said it expects the deal to add to its cash earnings per share from 2014.. The company services more than 5,500 retailers in the United States.
*Strategy informed by early career at Daimler, Permira. *Booming e-commerce shaking up retail. FRANKFURT, March 25- Technology entrepreneur, merger manager and turnaround expert, Olaf Koch believes he has enough experience of big challenges to steer Europe's fourth-biggest retailer Metro through its next one: e-commerce.
*Ukraine crisis hits Russian markets, Lenta listing. FRANKFURT, March 18- German retailer Metro AG has put on ice a plan for a stock market listing of a stake in its Russian wholesale business because of market turmoil over the crisis in Ukraine.
*Tencent buys 15 pct of e-commerce firm JD.com for $215 mln. BEIJING, March 10- Tencent Holdings Ltd's new partnership with China's No. 2 online retailer JD.com takes aim at dominant rival Alibaba's Achilles heel- its weakness in mobile- in a move set to reshape the country's e-commerce industry.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
As RadioShack announced Tuesday that it would shutter 1,100 stores, "Shark Tank" investor Kevin O'Leary turned his sights on the struggling retailer.
March 4- Retailer RadioShack Corp reported a wider quarterly loss on Tuesday and said it will close up to 1,100 U.S. stores after a huge drop in sales over the holidays, sending its stock down nearly 24 percent.
*Metro needs proceeds to grow in Russia, cut debt. DUESSELDORF/ FRANKFURT, Germany, March 3- German retailer Metro's plan for an imminent stock market listing of a stake in its Russian wholesale business is under threat because of market turmoil over the crisis in Ukraine, sources told Reuters on Monday.
Feb 27- U.S. retailer Best Buy Co Inc reported a better-than-expected profit in the quarter covering the holiday season and said it would more aggressively cut costs this year to fund its turnaround efforts, sending shares higher in midday trading.
Feb 27- U.S. retailer Best Buy Co Inc reported a better-than-expected quarterly profit on Thursday and announced more aggressive cost cuts this year, sending its shares up nearly 6 percent in morning trading.
*New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.
Hewlett-Packard reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
*Cuts 2015 earnings/share forecast to $3.40- $3.70 vs $3.80- $4.00. *Estimates fourth-quarter adjusted earnings/share $0.75- $0.80 vs est $0.93. Woodlands, Texas- based Conn's operates 79 stores in Texas, Louisiana, Arizona, Oklahoma and New Mexico, catering mainly to lower income shoppers.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
BERLIN/ DUESSELDORF, Feb 11- German retailer Metro AG reined in full-year profit expectations on Tuesday after a dip in first-quarter earnings, largely due to lower real-estate income and the strong euro.
U.S. electronics chain RadioShack is planning to close about 500 stores within months, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
HONG KONG, Jan 29- U.S. retailer Wal-Mart Stores Inc said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork.
HONG KONG, Jan 24- A state-owned Chinese TV station which has run a string of stories criticising foreign firms has accused U.S. retailer Wal-Mart of circumventing its quality control process and fast-tracking some products with higher profit margins.