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  • Dec 3- Canadian department store operator Sears Canada Inc said its same-store sales rose 0.4 percent in the third quarter- the first rise in two years- helped by higher sales of major appliances, furniture and mattresses. Toronto- based Sears Canada said on Thursday it was aiming for additional cost savings of C $30 million- C $40 million on an annualized basis in...

  • Dec 3- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported lower-than-expected quarterly net sales, saying the retail environment was similar to the preceding quarter when it said consumers were holding back on spending. Dollar General's net income rose to $253.3 million, or 86 cents per share, in the third quarter ended Oct. 30 from...

  • Dec 3- Dollar General Corp, the No.2 U.S. discount retailer by store count, reported a 7.3 percent rise in quarterly net sales, helped by higher demand for items such as candy, snacks and tobacco products. The company's net income rose to $253.3 million, or 86 cents per share, in the third quarter ended Oct. 30 from $236.3 million, or 78 cents per share, a year earlier.

  • Dec 3- Sears Holdings Corp reported a smaller quarterly loss on Thursday, helped by cost cuts, but the retailer's sales continued to tumble, hurt by weak apparel and consumer electronics demand. The owner of the Sears department store and Kmart discount store chains said its net loss attributable to shareholders narrowed to $454 million in the third quarter...

  • Dec 3- Sears Holdings Corp reported a narrower quarterly loss on Thursday as it cut costs, but the retailer's sales continued to tumble, hurt by weak apparel and consumer electronics sales. Sears, which runs the Sears department store and Kmart discount store chains, said its net loss attributable to shareholders came to $454 million in the quarter ended Oct. 31,...

  • SAN FRANCISCO, Dec 2- Short sellers shopping for overpriced stocks snapped up shares of beleaguered department store Macys heading into Black Friday. On Wednesday, the New York- based department store chain fell 1.04 percent. Underscoring concerns on Wall Street, 3.4 percent of Macy's outstanding shares had been shorted in mid-November, up from 2.7 percent a...

  • CHICAGO, Nov 30- U.S. online sales grew 14 percent on Cyber Monday, on track to set a record, leading some retail websites, like Target Corp's, to crash temporarily due to high customer traffic. Website outages and slow checkouts during the five-day shopping spree starting Thanksgiving Thursday, were also reported at PayPal Inc, department store chain Neiman...

  • *Loss-making retailer to exit Russia. *Russia slowdown weighs on Finnish economy, companies. HELSINKI, Nov 27- Loss-making Finnish retailer Stockmann is pulling out of Russia by selling its seven department stores there to a local franchisee of Britain's Debenhams for 5 million euros, it said on Friday.

  • Nov 24- Black Friday comes early to Saks Fifth Avenue stores this year. The luxury retailer, owned by Canadian department store operator Hudson's Bay Co, will start Black Friday sales on Wednesday, Chief Executive Jerry Storch said. Others including Target Corp, J.C. Penney Co Inc and Kohl's Corp have also stepped up promotions and deals as they look to grab a piece...

  • Nov 24- Dollar Tree Inc reported better-than-expected net sales for the third quarter, its first since acquiring Family Dollar and becoming the largest discount retailer in the United States. Higher rents, taxes and healthcare costs are pushing low-income Americans to rein in spending, helping discount retailers to win more business, Dollar Tree Chief...

  • Nov 24- Discount retailer Dollar Tree Inc reported better-than-expected quarterly net sales as the company benefited from its $8.5 billion acquisition of Family Dollar. However, same-store sales at the Dollar Tree business grew slower than expected. Dollar Tree's net income fell to $81.9 million, or 35 cents per share, from $133 million, or 64 cents per share, a...

  • Nov 24- Discount retailer Dollar Tree Inc reported a 38.4 percent drop in quarterly profit, hurt by expenses related to the integration of its Family Dollar acquisition. The company's net income fell to $81.9 million, or 35 cents per share, in the third quarter ended Oct. 31 from $133 million, or 64 cents per share, a year earlier. Net sales more than doubled to $4.95...

  • LONDON, Nov 17- Sales at food retailer Asda fell for a fifth straight quarter, the company said on Tuesday, confirming it as the worst performer of Britain's big four grocers, which are being hurt by a price war triggered by the rise of discounters. Asda, owned by Wal-Mart, said sales at stores open over a year fell 4.5 percent in the 13 weeks to Sept. 30, its fiscal third...

  • *Cisco's forecast drags on tech stocks. Nov 13- Wall Street fell sharply on Friday and capped off its worst week since the dark days of August, hurt by a selloff in technology companies, while department stores dropped on concerns about the upcoming holiday shopping season. Dow component Cisco dropped 5.8 percent after it gave a flimsy forecast, citing a slowdown...

  • *Cisco's forecast drags on tech stocks. Nov 13- U.S. stock indexes fell sharply on Friday, weighed down by a selloff in technology companies after a disappointing forecast from Cisco, while department stores dropped on concerns about the key holiday shopping season. Dow component Cisco fell 6.4 percent after it gave a weak forecast, citing a slowdown in orders and...

  • Nov 13- Slumping same-store sales at upscale U.S. department store operator Nordstrom Inc could point to more than a glut in retailers' inventories, not just a longer-than-usual spell of warm weather and fewer spendthrift tourists. Trouble at Nordstrom- seen as head-and-shoulder above rivals such as Macy's Inc and cheaper retailers including Kohl's Corp in...

  • *Cisco falls after weak forecast. Nov 13- U.S. stocks were lower on Friday after Cisco's disappointing forecast and as weaker-than-expected October retail sales data and forecast cuts by department store chains fueled fears of a slowdown in demand ahead of the key holiday shopping season. Dow component Cisco fell 5.6 percent to $26.27 after it gave a weak...

  • Nov 13- U.S. stocks opened slightly lower on Friday, weighed down by weak October retail sales data and disappointing forecasts from department store chains as well as Cisco. The Dow Jones industrial average fell 37.95 points, or 0.22 percent, to 17,410.12. The S&P 500 lost 5.33 points, or 0.26 percent, to 2,040.64 and the Nasdaq Composite dropped 24.05 points, or...

  • *Dow component Cisco falls after weak growth forecast. *Nordstrom sinks on full-year forecast cut. Department store chains Macy's and Nordstrom have both reported disappointing results and lowered their full-year forecasts in the past two days.

  • Nov 13- Department store operator J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores. J.C. Penney's net loss narrowed to $137 million, or 45 cents per share, in the third quarter ended Oct. 31, from $188 million, or 62 cents per...