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  • UPDATE 1-Brazil tycoon Diniz raises Carrefour stake Thursday, 9 Apr 2015 | 12:11 PM ET

    PARIS, April 9- Brazilian billionaire Abilio Diniz has raised his stake in French retailer Carrefour to 5.07 percent from 2.4 percent, becoming its fourth-largest shareholder, Peninsula Participacoes, the investment vehicle overseeing Diniz's fortune, said. The Moulin Family, the owner of French department store Galeries Lafayette, is Carrefour's top...

  • HBC, whose roots in Canada date back to 1670, also owns U.S. department store chain Lord& Taylor, Hudson's Bay department stores in Canada, and Canadian house wares chain Home Outfitters. Earlier this year, HBC said it was forming two real estate joint ventures- one with U.S.-based Simon Property Group Inc and one with Canada's RioCan Real Estate Investment Trust-...

  • Target to close Canadian stores by April 12 Wednesday, 1 Apr 2015 | 5:55 PM ET

    April 1- Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12. The No. 2 U.S. discount chain said in January that it would exit Canada after struggling since its March 2013 launch, resulting in 17,000 employees losing their jobs and triggering a $5.1 billion quarterly charge. Minneapolis- based Target faced huge supply chain...

  • MOSCOW, March 26- Tesco Plc's F&F clothing brand will open its first outlets in Russia in the capital Moscow in June, a local partner of retailing businesses said on Thursday. Debruss, which is the Russian franchise operator for British department store group Debenhams Plc, said it would open two F&F outlets in June, followed by one more in August, in Moscow shopping...

  • LONDON, March 12- Britain's John Lewis Partnership posted a 9 percent fall in underlying profit on Thursday after an industry price war hit its Waitrose supermarket business, forcing it to cut its staff bonus payout for a second straight year. The 150- year-old employee-owned group, which runs Britain's biggest department store chain as well as its sixth...

  • JAKARTA, March 4- Selling goods online may only rely on a few mouse clicks, but in Indonesia, delivering purchases to dozens of islands via creaky ports and potholed roads is the logistical challenge Lippo Group faces when its department store opens in cyberspace this month. Lippo, the biggest shareholder of No. 1 retailer PT Matahari Department Store Tbk, is...

  • Feb 26- Shares of department store chain J.C. Penney Co Inc tumbled 12 percent in after-hours trade on Thursday after it posted a surprise quarterly loss and forecast small margin improvements this year. J.C. Penney said sales at stores open more than a year rose 4.4 percent in the holiday quarter, the high end of its guidance for 3.5 to 4.5 percent growth, driven by...

  • Feb 26- Department store chain J.C. Penney Co Inc reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions. J.C. Penney posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share, a year earlier.

  • Feb 26- Department store chain J.C. Penney Co Inc reported a 3 percent rise in quarterly sales as demand for household goods, apparel and jewelry increased during the holiday shopping season. The company posted a loss of $59 million, or 19 cents per share, in the fourth quarter ended Jan. 31, compared with a profit of $35 million, or 11 cents per share a year earlier.

  • For Macy's, going downmarket looks like the way ahead Thursday, 26 Feb 2015 | 1:03 PM ET

    Feb 26- Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States. Since so many peoples' salaries are off-price they also need to shop that way, "said Robert Brusca, chief economist at consulting firm Fact...

  • UPDATE 2-Kohl's forecasts full-year sales above estimates Thursday, 26 Feb 2015 | 10:46 AM ET

    Feb 26- Department store operator Kohl's Corp forecast full-year revenue above analysts' expectations and reported higher-than-expected quarterly profit and sales, helped by demand for apparel and accessories in the holiday shopping season. Shares of Kohl's, which also said it would buy back $1 billion of shares this fiscal year, rose 3 percent to an over...

  • Department store operator Kohl's profit rises 10.5 pct Thursday, 26 Feb 2015 | 7:08 AM ET

    Feb 26- Department store operator Kohl's Corp reported a 10.5 percent rise in quarterly profit, helped by higher sales of apparel and accessories in the holiday shopping season. The company's net income rose to $369 million, or $1.83 per share, in the fourth quarter ended Jan. 31 from $334 million, or $1.56 per share, a year earlier. Net sales rose 4 percent to $6.34...

  • Sears posts 11th straight quarterly loss Thursday, 26 Feb 2015 | 6:13 AM ET

    Feb 26- Sears Holdings Corp, owner of Sears department stores and the Kmart discount chain, reported its 11th straight quarterly loss as sales continued to tumble. The net loss attributable to Sears narrowed to $159 million, or $1.50 per share, in the quarter ended Jan. 31, from $358 million, or $3.37 per share, a year earlier. Sears, controlled by hedge fund manager...

  • Feb 24- Department store chain Macy's Inc reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that missed analysts expectations as the company invests in new lower-priced and international stores. While TJX Companies Inc and Ross Stores Inc run only off-price stores, upscale retailer Nordstrom...

  • Macy's holiday-quarter sales miss analysts' estimates Tuesday, 24 Feb 2015 | 8:18 AM ET

    Feb 24- Department store chain Macy's Inc reported a less-than 2 percent rise in sales in the holiday shopping quarter, falling short of analysts' estimates. Macy's net income fell to $793 million in the fourth quarter ended Jan. 31, from $811 million a year earlier. However, earnings rose to $2.26 per share from $2.16 due to a lower share count.

  • *Global retailers such as Gap, H&M planning big push into India. NEW DELHI/ MUMBAI, Feb 24- A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop. Located in a posh district in the south of New Delhi,...

  • *Global retailers such as Gap, H&M planning big push into India. NEW DELHI/ MUMBAI, Feb 24- A severe shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop. Located in a posh district in the south of New Delhi,...

  • Feb 19- Upscale department store operator Nordstrom Inc reported a lower-than-expected quarterly profit as it spent more on technology upgrades and store expansion, and increased discounts at its Rack brand stores in the holiday shopping season. Nordstrom also forecast a bigger loss for its Canada business in 2015 as it continues its expansion with store...

  • Nordstrom profit falls 5 pct as expenses increase Thursday, 19 Feb 2015 | 4:21 PM ET

    Feb 19- Upscale department store operator Nordstrom Inc reported a 5 percent fall in quarterly profit as selling, general and administrative expenses increased 14 percent. Nordstrom's net income fell to $255 million, or $1.32 per share, in the fourth quarter ended Jan. 31, from $268 million, or $1.37 per share, a year earlier. Net sales rose 9 percent to $3.94 billion.

  • Wal-Mart CEO: Pay hike will boost morale Thursday, 19 Feb 2015 | 2:40 PM ET
    An employee rings up sales at a cash register of a Walmart store in Los Angeles.

    Wal-Mart is raising wages because worker pride is vital to running a good retail business, CEO Doug McMillion tells CNBC.