Amazon to open an office in China's Shanghai free trade zone, state media says, allowing the firm to sell a wider range of products in the country.» Read More
Aug 21- Family Dollar Stores Inc rejected Dollar General Corp's $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc..
RICHMOND, Va.— Dollar Tree Inc. said Thursday its second-quarter profit fell more than 2 percent on costs related to its planned acquisition of rival discounter Family Dollar even though shoppers spent more at its discount stores.
The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..
HOFFMAN ESTATES, Ill.— Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. Sears, controlled by billionaire hedge fund investor Edward Lampert, lost $573 million, or $5.39 per share, for the period ended Aug. 2.
Aug 21- Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc..
Costco Wholesale Corp. rose$. 30 or. 2 percent, to $120.91. Target rose $1.08 or 1.8 percent, to $60.33. Wal-Mart Stores Inc. rose$. 08 or. 1 percent, to $74.96.
NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. rose$. 26 or. 2 percent, to $120.87. Wal-Mart Stores Inc. fell$. 08 or. 1 percent, to $74.80.
Aug 20- Lowe's Cos Inc, the No. 2 U.S. home improvement products retailer, echoed larger rival Home Depot Inc in anticipating higher spending on renovations in the second half of the year as the U.S. housing market showed signs of a recovery.
NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. fell$. 03 or percent, to $120.58. Wal-Mart Stores Inc. fell$. 10 or. 1 percent, to $74.78.
Aug 20- Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach. Target's shares rose 1 percent to $59.81 in noon trading.
Aug 20- Staples Inc warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains.
Aug 20- Staples Inc reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.
Aug 20- Target Corp reported a 62 percent drop in second-quarter profit and cut its full-year earnings forecast as it resorts to price cuts to attract cash-strapped consumers and win over shoppers unnerved by a massive holiday-season data breach.
Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.
NEW YORK— Target Corp. slashed its annual profit outlook as the discounter continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S. Excluding expenses related to the data breach, the results were a penny short of Target's reduced estimate issued earlier this month.
Aug 20- Staples Inc warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink and toner in North America amid stiff competition from online retailers and big-box chains.
If any sector requires the dexterity of a gunslinger, it’s retail. Before you pull the trigger, Cramer has thoughts on where you might aim.
Costco Wholesale Corp. rose $1.15 or 1.0 percent, to $120.61. Target rose$. 70 or 1.2 percent, to $59.25. Wal-Mart Stores Inc. rose$. 39 or. 5 percent, to $74.88.
3. Afterlight, Afterlight Collective, Inc. 4. Sleep Cycle alarm clock, Northcube AB. 8. Buddyman: Kick 2, Crazylion Studios Limited.
Aug 19- GameStop Corp, the world's largest retailer of videogame products, said Chief Executive Paul Raines underwent an unexpected surgery last week for a small cancerous brain tumor. GameStop also said the six-week treatment period will not interfere with Raines' "continued leadership" of the company.