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  • LONDON, April 25- British department stores group BHS collapsed into administration on Monday, putting about 11,000 jobs at risk. Philip Duffy and Benjamin Wiles, managing directors of Duff& Phelps, have been appointed joint administrators, the restructuring firm said. Its placing into administration, a form of creditor protection, means it is Britain's most...

  • *First quarterly rise in underlying UK sales for 3 years. LONDON, April 13- Tesco, Britain's biggest retailer, warned a supermarket price war meant profit growth would be hard to deliver this year despite a sales recovery picking up pace. Hammered by changing shopping habits, the rise of German discounters Aldi and Lidl, and an accounting scandal, Tesco reported a...

  • *Tesco's UK sales have started to grow again. LONDON, April 13- Tesco, Britain's biggest retailer, said on Wednesday its recovery was gaining pace but warned a supermarket price war meant profit growth would be hard to deliver this year. The company, hammered by an accounting scandal and the rise of German discount chains, reported a first rise in underlying annual...

  • *Luxury malls, department stores, hypermarkets spring up. BANGKOK, April 6- In a downtown Bangkok mall, ripped jeans and mirror sunglasses aimed at fast-fashion teens show how Thai retailers are getting ready for the next big thing- a government stimulus package they're betting will revive sales after years of stagnation. Amid record tourism numbers, the...

  • April 4- Department store operator Hudson's Bay Co reported a smaller-than-expected quarterly profit as expenses soared and sales at established Saks Fifth Avenue stores dropped. Hudson's Bay raised its 2016 sales forecast to C $14.9 billion- C $15.9 billion from C $14.2 billion- C $15.2 billion to reflect the revenue from online luxury retailer Gilt Groupe...

  • April 4- Department store operator Hudson's Bay Co reported a three-fold jump in quarterly profit, helped by the acquisition of Kaufhof and continued strength in its online business. The company's net profit rose to C $370 million, or C $1.88 per share, in the fourth quarter ended Jan. 30, from C $115 million, or 62 Canadian cents per share, a year earlier.

  • LONDON, April 4- Steve Rowe, the new chief executive of British retailer Marks& Spencer, is to continue to lead the firm's general merchandise division and will not appoint a new executive director for the unit. Rowe succeeded Marc Bolland as CEO on Saturday, stepping-up from his role leading general merchandise which he has held since last July.

  • March 28- Sears Holdings Corp Chief Executive Eddie Lampert has acquired a portion of the company's new $750 million loan in his latest bet on the parent of Sears department stores and Kmart discount shops, people familiar with the matter said. The loan helps Sears pay down some of its older debt at a time when shoppers are moving away from malls in favor of...

  • March 18- Canadian department store operator Sears Canada Inc agreed to sell and lease back a distribution outlet in Calgary, and said it would cut more costs this year, as the company struggles with declining sales. Sears Canada said on Friday it planned to slash costs by an additional C $100 million- C $127 million in 2016, with most of the cuts planned within the...

  • *Profit $1.30/ share vs est. March 10- Discount retailer Dollar General Corp reported higher-than-expected growth in quarterly sales at established stores as more customers visited its outlets and they spent more on items such as snacks, tobacco and home products. Shares of the company, which also forecast full-year same-store sales growth largely above...

  • March 10- Discount retailer Dollar General Corp reported a higher-than-expected growth in quarterly sales at established stores as demand increased for items such as candy and snacks, perishables, tobacco and food. Dollar General also said it planned to open about 900 stores in the year ending January 2017. Dollar General's net income rose about 6 percent to...

  • *4th- qtr adjusted profit $1.01/ shr vs est $1.07. *Sees full-yr earnings of $3.35- $3.65/ shr vs est $3.77. March 1- Dollar Tree Inc, the biggest U.S. discount chain, reported lower-than-expected quarterly sales, hurt by a strong dollar and challenging economic conditions.

  • March 1- Dollar Tree Inc, the biggest U.S. discount chain, reported lower-than-estimated quarterly sales, hurt by a strong dollar. The company's net income was $229 million, or 97 cents per share, in the fourth quarter ended Jan. 30, compared with $206.6 million, or $1 per share, a year earlier. Net sales rose to $5.37 billion from $2.48 billion, boosted by its acquisition...

  • Feb 25- Department store operator J.C. Sales for the quarter rose 2.5 percent to $4 billion. The company reported a loss of $131 million, or 43 cents per share, in the fourth quarter ended Jan. 30, compared with a loss of $35 million, or 11 cents per share, a year earlier.

  • *Sees full-year profit of $4.05- $4.25/ shr vs est $4.24. Feb 25- U.S. department store operator Kohl's Corp warned that sales could fall this year and said it was unlikely to meet its 2017 target of $21 billion in sales because of a weak economy and a pullback in consumer spending on its core categories such as apparel. "While the growth backdrop clearly remains...

  • The owner of the Sears department store and Kmart discount store chains said its net loss attributable to shareholders widened to $580 million, or $5.44 per diluted share, in the fourth quarter ended on Jan. 31 from $159 million, or $1.50 per share, a year earlier. The results were in line with the company's Feb. 9 estimate of a net loss of between $525 million and $625...

  • Feb 25- Department store operator Kohl's Corp forecast full-year earnings largely below analysts' average estimate and said it will close 18 underperforming stores in 2016.. Kohl's forecast earnings of $4.05 to $4.25 per share for the year ending January 2017, largely below the average analyst estimate of $4.24 per share, according to Thomson Reuters...

  • Unlike Wal-Mart, Target has no international operations since its failed foray into Canada. "Given the toughness of the market and the much worse performance from Walmart and department store rivals, the comparable sales uplift is very respectable," Neil Saunders, chief executive of research firm Conlumino, wrote in a note. Comparable sales of apparel...

  • Feb 23- Macy's Inc reported a 4.3 percent decline in quarterly comparable sales, slightly better than the 4.7 percent decline the department store operator had estimated, helped by improving sales due to colder weather in January. The company also said it started contacting potentially interested parties for partnerships or joint ventures for its flagship...

  • Feb 18- Department store operator Nordstrom Inc reported better-than-expected quarterly comparable sales, helped by strong demand for beauty products and shoes. Sales at stores open at least a year rose 1 percent, above the 0.4 percent growth expected by analysts polled by research firm Consensus Metrix. Net income fell to $180 million, or $1 per share, in the...