Retail Multiline Retail

  • Aug 11- Kohl's Corp reported a higher-than-expected quarterly profit, helped by better inventory management and warm weather that boosted sales of summer clothes and accessories. The department store chain's shares rose 9 percent to $41.50 in premarket trading on Thursday. The company said on Thursday its inventory management initiatives helped boost...

  • Aug 11- Kohl's Corp reported better-than-expected quarterly profit, helped by better control over inventories and warm weather that boosted sales of summer clothes and accessories. The department store chain's shares rose almost 8 percent to $40.26 in premarket trading on Thursday. Kohl's net income rose to $140 million, or 77 cents per share, in the second...

  • Aug 11- Kohl's Corp reported quarterly sales above analysts' estimates as warm weather in the quarter boosted demand for summer clothes and accessories. The department store chain's net income rose to $140 million, or 77 cents per share, in the second quarter ended July 30, from $130 million, or 66 cents per share, a year earlier. Net sales fell 2 percent to $4.18...

  • *Steinhoff raises agreed bid for Poundland to 610.4 mln stg. LONDON, Aug 11- South African retailer Steinhoff raised its offer for Britain's Poundland to 610.4 million pounds on Thursday, seeking to smooth the passage of an agreed deal after an activist investor increased its stake in the discount chain. The $28- billion hedge fund, founded by American...

  • Wal-Mart has been looking to boost its core business of running discount retail and membership stores in Mexico by focusing on expanding its fresh food business. Wal-Mart's international division, which contributes roughly one-third of the company's total annual sales of nearly $480 billion, has divested some non-core businesses across Chile, Mexico and...

  • CHICAGO, Aug 10- Wal-Mart Stores Inc's Mexican unit said on Wednesday it was selling its 119- store Suburbia clothing chain to El Puerto De Liverpool for about $852 million, as the world's biggest retailer streamlines operations in its largest non-U.S. market as measured by stores. Wal-Mart has been looking to boost its core business of running discount retail...

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. Sales in Kors' wholesale business, which supplies to department store operators including Macy's Inc and Neiman Marcus, declined 7...

  • LONDON, Aug 9- British retailer John Lewis on Tuesday reported a 7.3 percent jump in year-on-year sales at its department store chain for the week to Aug. 6, as customers bought new cameras and wireless headphones for use on their holidays. As the only British retailer to publish weekly sales data, John Lewis provides the most up-to-date snapshot of shopping...

  • MEXICO CITY, Aug 5- Total sales from Mexico's major retail stores will likely surpass earlier estimates of nearly 7 percent growth this year, in large part due to abundant liquidity in the economy, the head of retailers association ANTAD said in an interview on Friday. ANTAD includes retail chains Walmex and Soriana as well as other department stores operating...

  • NEW YORK, Aug 5- A U.S. stock market that rose again to record highs on Friday on the back of a robust employment report will take its cues next week from a facet of the economy that also has shown signs of strength: the consumer. Quarterly earnings reports from department store operators including Macy's, luxury goods companies such as Michael Kors and...

  • LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its...

  • LONDON, July 13- South Africa's Steinhoff will strengthen its presence in the British retail sector after agreeing a 597 million pound takeover of discount chain Poundland, it said on Wednesday. Steinhoff, which already owns the Bensons Beds and Harvey's furniture chains in Britain, lost out in two other takeovers in Europe this year. It failed to secure...

  • LONDON, July 12- British retailer John Lewis said sales at its department store chain rose 4.7 percent in the week to July 9, accelerating the rate of growth from the previous week due to strong demand for its clearance sale. Department store sales rose 4.7 percent year-on-year to 85 million pounds, having increased just 2.1 percent in the previous week- the week...

  • *Consumer confidence tumbles in Britain. LONDON, July 8- British consumer confidence suffered one of its biggest drops in 21 years and the country's largest department store expressed concern over the pound's fall, in the strongest evidence to date of the challenges Britain's economy faces after the Brexit vote. The vote to leave the European Union has thrust...

  • *Consumer confidence tumbles in Britain. LONDON, July 8- British consumer confidence suffered one of its biggest drops in 21 years and the country's largest department store expressed concern over the pound's fall, in the strongest evidence to date of the challenges Britain's economy faces after the Brexit vote. The vote to leave the European Union has thrust...

  • LONDON, July 8- The depreciation of sterling versus the U.S. dollar in the wake of Britain's vote to leave the European Union could potentially become a major issue for John Lewis, the country's largest department store group said late on Thursday. Britain's shock Brexit vote last month has stunned financial markets, with the pound bearing the brunt of the early...

  • LONDON, July 5- Sales growth at British retailer John Lewis's department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. The employee-owned John Lewis Partnership owns Britain's biggest department store chain as well as the upmarket Waitrose supermarket chain. While Britain's FTSE 100 index of blue chip...

  • LONDON, July 5- British retailer John Lewis said sales growth at its department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. John Lewis said department store sales rose 2.1 percent year-on-year to 90.8 million pounds, having increased 7.3 percent in the previous week when it started its summer sale.

  • *Ex-chief merchandising officer Jeff Gennette to take over. *Lundgren to continue as executive chairman. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer, Jeff Gennette, as the department store operator tries to revive sales hit by competition from online and off-price retailers.

  • *Ex-chief merchandising officer Jeff Gennette to take over. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette as the department store operator tries to revive sales hit by stiff competition from online and off-price retailers. "We think a new perspective and leadership...