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  • June 2- Discount retailer Dollar General Corp reported a better-than-expected quarterly profit, helped by higher prices and lower transportation costs. Dollar General's shares rose about 4 percent in light premarket trading. Dollar General's net income rose to $253.2 million, or 84 cents per share, in the quarter ended May 1 from $222.4 million, or 72 cents per...

  • Dollar General's quarterly sales rise 8.8 pct Tuesday, 2 Jun 2015 | 7:13 AM ET

    June 2- Discount retailer Dollar General Corp reported an 8.8 percent rise in quarterly sales, helped by higher demand for tobacco and healthcare products and perishable food items. The company's net income rose to $253.2 million, or 84 cents per share, in the first quarter ended May 1 from $222.4 million, or 72 cents per share, a year earlier. Dollar General's...

  • May 29- Discount retailer Dollar Tree Inc agreed to sell 330 Family Dollar Stores Inc stores to private equity firm Sycamore Partners to get antitrust approval for its $8.5 billion takeover of Family Dollar. Dollar Tree said the stores represent about $45.5 million of operating income for Family Dollar, adding that Sycamore intends to operate the stores...

  • Dreiling, who joined Dollar General as CEO in January 2008, has been credited with making the company the top U.S. deep-discount retailer. Dollar General later made a bid for Family Dollar, which had already agreed to be bought by smaller rival Dollar Tree Inc, sparking off a months-long tussle for the No.2 U.S. discount retailer. Family Dollar's shareholders...

  • May 28- Discount retailer Dollar General Stores Inc said Chief Operating Officer Todd Vasos would replace Rick Dreiling as chief executive, effective June 3.

  • May 20- Struggling department store chain Sears Canada Inc reported a smaller first-quarter loss as decline in its same-store sales was the slowest in five quarters. Sears Canada, whose largest shareholder is Sears Holdings Corp Chief Executive Eddie Lampert and his hedge fund ESL Investments Inc, said on Wednesday that its same-store sales fell 4.3 percent...

  • Sears Canada posts smaller quarterly loss Wednesday, 20 May 2015 | 7:24 AM ET

    May 20- Struggling department store chain Sears Canada Inc reported a smaller first-quarter loss, helped by slower decline in its same-store sales. "We began to see signs that our business was performing better this quarter," Chief Executive Ron Boire said in a statement on Wednesday. The company's net loss narrowed to C $59.1 million, or 58 Canadian cents per...

  • Kohl's same-store sales nipped by cold February Thursday, 14 May 2015 | 9:25 AM ET
    People approaching Kohl's department store in Mount Kisco, New York.

    Department store operator Kohl's quarterly same-store sales were hurt by colder-than-usual weather in February.

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Shares of the company, which also reported lower-than-expected revenue, fell 11 percent to $66.25 in premarket trading on Thursday. The stock's multiple is likely to reset lower until the...

  • May 14- Department store operator Kohl's Corp reported quarterly same-store sales that missed analysts' expectation, hurt by colder-than-usual weather in February. Rival Macy's Inc said on Wednesday that first-quarter profit and sales were hurt by fewer customer visits due to unusually cold weather in February. Kohl's net income rose to $127 million, or 63...

  • May 14- Department store operator Kohl's Corp reported lower-than-expected quarterly same-store sales, hurt by colder-than-usual weather in February. The company's shares fell 4.7 percent to $71 in premarket trading on Thursday. The company's net income rose to $127 million, or 63 cents per share, from $125 million, or 60 cents per share, a year earlier.

  • May 13- Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods. The company posted a loss of $167 million, or 55 cents per share, in the first quarter ended May 2, compared with a net loss of $352 million, or $1.15 per share, a year...

  • Macy's quarterly profit falls 14 pct Wednesday, 13 May 2015 | 8:12 AM ET

    May 13- Macy's Inc reported a 14 percent drop in quarterly profit, hurt by lower foreign tourist spending in the United States, colder-than-usual weather in February and disruptions at West Coast ports. The department store operator's net income fell to $193 million, or 56 cents per share, in the first quarter ended May 2 from $224 million, or 60 cents per share, a...

  • Canadian Tire to buy 12 Target property leases in Canada Wednesday, 6 May 2015 | 10:18 AM ET

    May 6- Retailer Canadian Tire Corp said it would buy real estate leases for 12 properties previously held by the Canadian unit of Target Corp for $17.7 million. The 12 new locations will add about 400,000 square feet of retail space to Canadian Tire Retail's store network, the company said on Wednesday. Target, the No. 2 U.S. discount chain, exited Canada last month...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • TOKYO, April 24- The Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The...

  • Apple Watch goes on sale worldwide amid supply shortage Thursday, 23 Apr 2015 | 5:04 PM ET

    SAN FRANCISCO, April 23- The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders. Buyers can take the smart watch home from a handful of upscale boutiques and department stores, such as The Corner in...

  • Property writedown drags Tesco to worst ever loss Wednesday, 22 Apr 2015 | 2:12 AM ET

    LONDON, April 22- Britain's biggest retailer Tesco posted the worst annual loss in its 96- year history on Wednesday after writing down the value of its stores by 4.7 billion pounds. Also hurt by an accounting scandal and sliding sales due to pressure from discounters and a brutal price war the supermarket made a statutory pretax loss of 6.38 billion pounds in...

  • April 14- Department store chain J.C. Penney Co Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. J.C. Penney said it expected same-store sales to rise by about 3.5-4.5 percent in the first quarter, after adjusting for Easter falling in March this year. The company's shares fell 3...

  • April 14- J.C. Penney Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. The executive's email to the analyst said that J.C. Penney's same-store sales had risen about 6 percent in the period, the department store chain said in a regulatory filing on Tuesday. J.C. Penney said it expected...