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  • Hudson's Bay to buy online luxury retailer Gilt Thursday, 7 Jan 2016 | 7:42 AM ET

    Jan 7- Canadian department store operator Hudson's Bay Co has agreed to buy online luxury retailer Gilt Groupe Holdings Inc for about $250 million. Hudson's Bay expects the deal to add about $500 million to its 2016 total sales, the company said on Thursday. Hudson's Bay, which has a market value of about C $3 billion, said it plans to open Gilt shops inside its Saks...

  • Jan 6- Macy's Inc said it would cut jobs and consolidate operations after reporting disappointing holiday sales, highlighting the department store chain's struggles to attract customers. Also, Amazon.com Inc has revolutionized shopping habits, conditioning shoppers to expect deeper discounts than what brick-and-mortar retailers can afford.

  • UPDATE 1-Macy's lowers earnings forecast; to cut jobs Wednesday, 6 Jan 2016 | 4:40 PM ET

    Jan 6- Department store chain Macy's Inc, which lowered its full-year earnings expectations for the second time, said it would cut jobs and consolidate its operations, starting early 2016.. The company said it expects to generate about $400 million in savings beginning this year. Macy's on Wednesday cut its full-year 2015 earnings forecast to $3.85- $3.90 per...

  • LONDON, Jan 6- Britain's John Lewis Partnership maintained its full-year profit guidance thanks to a strong Christmas performance from its department stores which reported robust fashion sales despite a mild start to winter. Next blamed Britain's unusually warm weather in November and December for a sharp slowdown in sales growth. The John Lewis...

  • LONDON, Jan 6- John Lewis Partnership, owner of Britain's biggest department store chain and upmarket grocer Waitrose, maintained its full-year profit guidance after reporting relatively strong Christmas trading. It blamed Britain's unusually warm weather in November and December for a slowdown in sales growth. The Partnership has outperformed rivals...

  • Overseas e-retailers on Amazon, eBay face VAT crackdown Tuesday, 22 Dec 2015 | 11:08 PM ET
    A screen showing Black Friday deals on Amazon.com

    Tax officials have launched a crackdown on VAT evasion by overseas online retailers, the Financial Times reports.

  • Dec 10- Canadian department store operator Hudson's Bay Co posted a 34 percent rise in quarterly sales, helped by higher same-store sales in North America and Europe and strong online sales. Hudson's Bay also plans to increase sales significantly over the next five years at about 136 Kaufhof stores in Germany and Belgium. Hudson's Bay said on Thursday total...

  • WASHINGTON, Dec 9- Israeli politicians and more than 370,000 Britons urged their governments on Wednesday to bar Donald Trump from their countries after the Republican presidential front-runner said Muslims should be denied entry into the United States. A major chain of Middle East department stores halted sales of the real estate mogul's glitzy " Trump...

  • DUBAI, Dec 9- U.S. presidential candidate Donald Trump's anti-Muslim comments cost him business in the Middle East on Wednesday, with a major chain of department stores halting sales of his glitzy " Trump Home" line of lamps, mirrors and jewellery boxes. Trump Home products, like a "table lamp in antique brass with crystal drops" and a decorative box with a "brilliant...

  • Dec 9- Canadian dollar-store operator Dollarama Inc reported a 37 percent rise in quarterly profit as same-store sales increased and customers bought more higher-priced items. Net income rose to C $100.1 million, or 78 Canadian cents per share, in the third quarter ended Nov. 1, from C $73 million, or 55 Canadian cents per share, a year earlier.

  • Dec 3- Dollar General Corp reported a smaller-than-expected rise in same-store sales as its core customer base spent less, but the No.2 U.S. discount retailer by store count managed to eke out higher profits by keeping a tight lid on costs. A pullback in customer spending and warmer-than-usual weather has reduced sales at a number of retailers such as Macy's Inc...

  • Dollar General sales miss; consumer spending sluggish Thursday, 3 Dec 2015 | 10:58 AM ET
    A customer walks into a Dollar General store near Montpelier, Vermont.

    Dollar General, the No.2 U.S. discount retailer, reported lower-than-expected quarterly net sales as consumer spending showed few signs of recovery.

  • Dec 3- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported lower-than-expected quarterly net sales as consumer spending showed few signs of recovery. Dollar General said on Thursday that its same-store sales rose 2.3 percent in the third quarter. Dollar General said it was adopting "zero-based budgeting"- wherein companies plan...

  • Dec 3- Canadian department store operator Sears Canada Inc said its same-store sales rose 0.4 percent in the third quarter- the first rise in two years- helped by higher sales of major appliances, furniture and mattresses. Toronto- based Sears Canada said on Thursday it was aiming for additional cost savings of C $30 million- C $40 million on an annualized basis in...

  • Dec 3- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported lower-than-expected quarterly net sales, saying the retail environment was similar to the preceding quarter when it said consumers were holding back on spending. Dollar General's net income rose to $253.3 million, or 86 cents per share, in the third quarter ended Oct. 30 from...

  • Dollar General quarterly sales rise 7 pct Thursday, 3 Dec 2015 | 6:59 AM ET

    Dec 3- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported a 7.3 percent rise in quarterly net sales, helped by higher demand for items such as candy, snacks and tobacco products. The company's net income rose to $253.3 million, or 86 cents per share, in the third quarter ended Oct. 30 from $236.3 million, or 78 cents per share, a year earlier.

  • Dec 3- Sears Holdings Corp reported a smaller quarterly loss on Thursday, helped by cost cuts, but the retailer's sales continued to tumble, hurt by weak apparel and consumer electronics demand. The owner of the Sears department store and Kmart discount store chains said its net loss attributable to shareholders narrowed to $454 million in the third quarter...

  • Sears posts smaller Q3 loss, sales keep sliding Thursday, 3 Dec 2015 | 6:23 AM ET

    Dec 3- Sears Holdings Corp reported a narrower quarterly loss on Thursday as it cut costs, but the retailer's sales continued to tumble, hurt by weak apparel and consumer electronics sales. Sears, which runs the Sears department store and Kmart discount store chains, said its net loss attributable to shareholders came to $454 million in the quarter ended Oct. 31,...

  • SAN FRANCISCO, Dec 2- Short sellers shopping for overpriced stocks snapped up shares of beleaguered department store Macys heading into Black Friday. On Wednesday, the New York- based department store chain fell 1.04 percent. Underscoring concerns on Wall Street, 3.4 percent of Macy's outstanding shares had been shorted in mid-November, up from 2.7 percent a...

  • CHICAGO, Nov 30- U.S. online sales grew 14 percent on Cyber Monday, on track to set a record, leading some retail websites, like Target Corp's, to crash temporarily due to high customer traffic. Website outages and slow checkouts during the five-day shopping spree starting Thanksgiving Thursday, were also reported at PayPal Inc, department store chain Neiman...