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  • Nov 12- Department store operator Kohl's Corp reported better-than-expected quarterly net sales, helped by strong back-to-school sales, sending the company's shares up 11 percent in premarket trading on Thursday. A surprise drop in comparable sales in the quarter at rival Macy's Inc had set alarm bells ringing in the department store industry and hit...

  • Kohl's quarterly profit drops 15.5 pct Thursday, 12 Nov 2015 | 7:06 AM ET

    Nov 12- Department store operator Kohl's Corp reported a 15.5 percent drop in quarterly profit as warmer-than-usual weather hurt sales of winter apparel and footwear. The company's net income fell to $120 million, or 63 cents per share, in the third quarter ended Oct. 31, from $142 million, or 70 cents per share, a year earlier. Net sales rose 1.2 percent to $4.43...

  • Nov 11- Mounting inventory at Macy's Inc portends a tough holiday quarter for U.S. department store operators as they compete with home improvement and electronics retailers for the attention of thrifty customers. A surprise drop in comparable sales for Macy's set alarm bells ringing in the department store industry, sending shares of Kohl's Corp, J.C. Penney...

  • UPDATE 3-Macy's says no to REIT, cuts full-year forecast Wednesday, 11 Nov 2015 | 11:04 AM ET

    Nov 11- Department store operator Macy's Inc cut its full-year sales and profit forecasts on Wednesday and said it would not follow an activist investor's suggestion to form a real estate investment trust, sending its shares down nearly 13 percent. Starboard Value had urged Macy's in July to consider spinning off its real estate assets, valuing them at about...

  • LONDON, Nov 4- British retailer Marks& Spencer on Wednesday raised its annual forecast for non-food profit margins, its strategic priority, despite reporting another dip in quarterly underlying sales in the troubled division. M&S said sales of general merchandise, spanning clothing, footwear and homeware, at stores open over a year, fell 1.9 percent in the 13...

  • M&S non-food sales dip again but profit margins grow Wednesday, 4 Nov 2015 | 2:12 AM ET

    LONDON, Nov 4- British retailer Marks& Spencer on Wednesday reported another dip in quarterly underlying sales in its non-food business, though it said it is delivering on its strategic priority to boost profit margins, raising its forecast. The 131- year-old firm said sales of general merchandise, spanning clothing, footwear and homeware, at stores open over a...

  • UPDATE 1-Debenhams CEO Sharp to step down in 2016 Thursday, 22 Oct 2015 | 2:43 AM ET

    LONDON, Oct 22- Debenhams, Britain's second largest department store group, said its Chief Executive Michael Sharp would step down sometime next year following media reports that investors wanted a change at the top of the company. The retailer said Sharp, who has worked for Debenhams or its predecessor, the Burton Group, for 30 years and became CEO in September...

  • *China's Vipshop Holdings to take 30 mln euro tranche. PARIS, Oct 19- French online fashion retailer Showroomprive.com expects to have a market value of up to 870 million euros when it debuts on the Paris bourse next month, in a listing aimed at raising 50 million euros for expansion. U.S.-listed online discount retailer Vipshop Holdings has committed to buy a...

  • Oct 12- Kohl's Corp said on Monday it will offer same-day delivery services in six more U.S. cities, taking a leaf out of Macy's Inc's book, as department stores aim to make online shopping more appealing ahead of the holiday season. Kohl's said it would offer same-day deliveries in Boston, Brooklyn/ Queens, Los Angeles, Miami, Northern New Jersey, and Philadelphia in...

  • Oct 2- J.C. Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its $5 billion U.S. pension obligation by up to 35 percent. The department store operator said about 12,000 retirees and surviving beneficiaries of the company's qualified pension plan had...

  • JOHANNESBURG, Sept 30- South Africa's Woolworths Holdings said on Wednesday it has tapped a Marks& Spencer veteran to head David Jones, its Australian department store chain, where it aims to boost food sales. Woolworths wants to improve its food business in Australia, and in a statement on Wednesday credited Dixon, who joined Marks& Spencer in 1986, with the...

  • Sept 21- Department store chain Macy's Inc plans to hire 85,000 temporary workers in the United States for the holiday shopping season, down from 86,000 last year. Macy's said on Monday that about 12,000 positions would be based in direct-to-consumer fulfillment facilities in areas such as Arizona, Oklahoma and Connecticut. Macy's shares were little changed...

  • Sept 16- Department store operator Kohl's Corp said on Wednesday it would hire an extra 69,000 workers for the holiday selling season, about 3 percent more than last year. Retailers make nearly a third of their annual sales and generate nearly 40 percent of their profits during the selling season that starts a day after Thanksgiving and continues into early...

  • Sept 10- Canadian discount retailer Dollarama Inc reported better-than-expected quarterly profit and sales as customers bought more higher-priced items, boosting its average revenue per transaction. Dollarama said on Thursday that its same-store sales rose 7.9 percent. Dollarama's net income jumped to C $95.5 million, or 74 Canadian cents per share, in...

  • Sept 10- Canadian discount retailer Dollarama Inc's quarterly profit surged 38.6 percent as customers spent more per transaction at its stores. Dollarama's net income rose to C $95.5 million, or 74 Canadian cents per share, from C $68.9 million, or 51 Canadian cents per share, a year earlier. Revenue rose 14 percent to C $653.3 million.

  • Sept 8- Macy's Inc said it would shut 35-40 underperforming stores, accounting for about 1 percent of the department store operator's sales, as more and more customers shop online. In August, Macy's Chinese joint venture tied up with Alibaba Group Holding Ltd to set up a store on Tmall, Alibaba's online marketplace. Macy's has also been pressured by activist...

  • Sept 1- Discount retailer Dollar Tree Inc's quarterly sales rose less than analysts had expected as it focused on integrating Family Dollar stores amid intense competition from mass retailers such as Wal-Mart Stores Inc. Analysts had touted Dollar Tree's acquisition of Family Dollar as a game changer for the smaller discount retailer, as it propelled the...

  • Sept 1- Discount retailer Dollar Tree Inc's quarterly sales rose less than analysts expected due to intense competition from retailers such as Wal-Mart Stores Inc and as it focused on closing the acquisition of Family Dollar Stores Inc.. Dollar Tree's sales forecast for the current quarter also fell short of Wall Street's estimates, sending the company's...

  • Discount retailer Dollar Tree sales rise 48.3 pct Tuesday, 1 Sep 2015 | 7:43 AM ET

    Sept 1- Dollar Tree Inc, the No. 1 U.S. discount retailer by store count, reported a 48.3 percent rise in quarterly sales, helped mainly by its acquisition of Family Dollar. Dollar Tree posted a net loss of $98 million, or 46 cents per share, for the second quarter ended Aug. 1, mainly due to costs related to the Family Dollar deal. The company posted a profit of $121.5 million,...

  • Aug 27- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported quarterly sales that fell slightly below analysts estimates and said it expects same-store sales growth for the year to be at the low-end of its forecast. Dollar General slipped from the No.1 spot after it lost a takeover battle for smaller rival Family Dollar Stores Inc to...