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Retail Multiline Retail

  • Actress Jessica Alba, co-founder and chief creative officer of The Honest Co.

    The Honest Company announced a voluntary recall of its baby powder due to possible contamination that may cause eye and skin infections, USA Today reports

  • LONDON, Jan 12- John Lewis, Britain biggest department store group, said it needed to invest heavily in its online business this year after 40 percent of total sales came from the internet over Christmas, showing the speed of change ripping through the retail industry. The planned investment and the impact of a weaker pound since Britain voted to leave the...

  • LONDON, Jan 12- Britain's biggest department store John Lewis said it needed to invest heavily in its online business this year after 40 percent of total sales came from the internet over Christmas, showing the speed of change ripping through the industry. The drive to make online shopping fit more easily into customers' lives has ramped up sales and put Britain...

  • LONDON, Jan 12- Britain's biggest department store John Lewis said it would invest heavily in its business this year in response to the accelerating shift to online shopping, after it reported a 2.7 percent rise in underlying Christmas sales. The John Lewis Partnership, which also owns the upmarket Waitrose supermarket, said even though it expected profit to be...

  • Britain's biggest retailer Tesco reported a 0.7 percent rise in underlying Christmas sales in its home market, capping a year of recovery with a solid performance over the key festive period.

  • LONDON, Jan 12- Britain's biggest retailer Tesco reported a 0.7 percent rise in underlying Christmas sales in its home market, capping a year of recovery with a solid performance over the key festive period. Tesco, which like Sainsbury's, Asda and Morrisons have been battling with the rise of German discounters Aldi and Lidl, said underlying sales in its UK stores...

  • LONDON, Jan 11- British department store House of Fraser on Wednesday reported a 2.7 percent rise in underlying sales over the Christmas period, helped by record trading in the last two weeks of December. House of Fraser also said that Black Friday sales rose 2.7 percent compared to last year, with online business accounting for around 41 percent of total sales...

  • *Japan's consumer prices fall for nine straight months. TOKYO, Jan 11- Aeon Co posted a 51 percent jump in its third-quarter operating profit as brisk business at supermarkets, drug stores and discount outlets helped the biggest retailer by sales in Japan offset losses at its general merchandise stores. Operating profit for quarter ended Nov. 30 was 13 billion...

  • HONG KONG, Jan 10- China's Alibaba Group Holding Ltd is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd in a move to digitize brick-and-mortar department stores while growth in online sales begins to slow. Alibaba Investment Ltd and Intime founder Shen Guojun have offered HK $10 per Intime share- 42.25 percent over the HK $7.03 price when...

  • Jan 6- Neiman Marcus Group LLC said on Friday it would withdraw its initial public offering, nearly two years after the upscale department store chain filed its intent with U.S. regulators to go public, as it grapples with weaker customer demand. Neiman Marcus, which also operates the Bergdorf Goodman and MyTheresa brands, was acquired by private equity firm Ares...

  • CHICAGO, Jan 5- Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery. Disappointing sales at Macy's Inc and Kohl's Corp, coupled with store closures and layoffs, triggered a selloff in retail stocks this week.

  • CHICAGO, Jan 5- Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery. Disappointing sales at Macy's Inc and Kohl's Corp, coupled with store closures and layoffs, triggered a selloff in retail stocks this week.

  • Jan 5- Disappointing holiday-season sales at Macy's Inc and Kohl's Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel. Macy's shares fell as much as 14 percent on Thursday, their biggest percentage drop in seven months. Macy's, known the world over for its...

  • Jan 5- Struggling retailer Sears Holdings Corp said on Thursday its comparable sales for November and December fell by 12-13 percent, the latest department store operator to report disappointing sales during the holiday shopping season. The company's shares rose 6.1 percent, however, after its earlier announcement that it would sell its Craftsman tools...

  • Jan 4- Department store chains Macy's Inc and Kohl's Corp cut their profit forecasts for the year on Wednesday, after holiday season sales for both retailers fell more than expected, pushing shares in the retail sector down in extended trading. Macy's shares were down 9.7 percent at $32.37 and Kohl's shares plunged 14.7 percent to $44.25 after hours.

  • Jan 4- Macy's Inc, the biggest U.S. department store operator, cut its 2016 adjusted profit forecast, largely due to weak holiday season sales. The company's shares were down 8.9 percent at $32.63 in extended trading on Wednesday. Macy's cut its adjusted profit forecast for the year ending Jan. 30 to $2.95- $3.10 per share from $3.15- $3.40 per share it previously...

  • Dec 22- A racist, expletive-filled rant caught on camera at a Louisville, Kentucky, mall has led to a permanent ban for a shopper and prompted an apology from the city's mayor. The video shows a white woman standing in a checkout line at a JCPenney department store in the Jefferson Mall and berating two women who shopper Renee Buckner, who posted the footage on...

  • *Expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States anticipating a launch there in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is expected to open its...

  • *Lidl expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States ahead of its expected launch in the country in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is...

  • *Expanding in fast-growing eastern Europe. Steinhoff, on its own spending spree for no-frills furniture and general merchandise assets in Europe, bought Poundland for $800 million, a deal analysts said would be a prelude to an overhaul at the British retailer. "Management is quite confident that a multi-pricepoint and a different mix of product is definitely...