Retail Multiline Retail

  • JOHANNESBURG, Aug 31- Activist U.S. hedge fund Elliott Capital has raised its stake in British discount chain Poundland to 22.7 percent, putting it in a position to be able to block an agreed takeover by South African retailer Steinhoff. The move could be another setback for Steinhoff, which warned on Wednesday that a slump in the pound after Britain's vote to...

  • Aug 25- Dollar Tree Inc, the biggest U.S. discount chain, reported lower-than-expected quarterly comparable sales and cited a "challenging" retail environment. The company, which became the biggest U.S. discount chain by acquiring larger rival Family Dollar in July last year, reported a net income of $170.2 million, or 72 cents per share, in the second quarter ended...

  • Aug 25- Discount retailer Dollar General Corp reported lower-than-expected quarterly sales, hurt by lower food prices, growing competition and as its low-income customer base was hurt by several states reducing food stamp coverage. The company's net income rose to $306.52 million, or $1.08 per share, in the second quarter ended July 29, from $282.35 million, or...

  • Aug 25- Sears Holdings Corp posted a net loss due to lower sales of home appliances and apparel, and the company said it accepted debt financing of $300 million from Chief Executive Edward Lampert's hedge fund, ESL Investments. The owner of the Sears department store and Kmart discount store chains reported a 5.2 percent drop in comparable store sales for the...

  • *Sales in the Americas rise 1.4 pct. *Co expects FY2017 adj profit $3.38- $3.44/ share vs est $3.53. Aug 19- Cosmetics maker Estee Lauder Cos Inc reported a smaller-than-expected rise in quarterly sales, hurt by a slowdown in sales in the Americas as fewer customers visited department stores and tourist spending declined.

  • *2nd- qtr adjusted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • *2nd- qtr adjusted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • *2nd- qtr adjuted loss $0.05 vs est $0.15. *Reaffirms full-year forecast of adjusted profit. Department stores have been facing intense competition from online retailers such as Amazon.com Inc and off-price chains such as TJX Cos Inc's T.J.Maxx.

  • Penney Co Inc reported a smaller-than-expected quarterly loss on Friday, helped by demand for home goods and footwear and a strong performance by the Sephora beauty products shops in its stores. The department store operator joined Macy's Inc and Kohl's Corp in reporting better-than-expected results, although expectations were low for all three.

  • Aug 11- All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. It was the first time since Dec. 31, 1999 that the S&P 500, Dow Jones industrial average and Nasdaq had closed at record highs on the same day,...

  • *Macy's, Kohl's top percentage gainers on S&P 500 index. Aug 11- Wall Street stocks ended at record highs on Thursday as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped as much as 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the...

  • Aug 11- Department store operator Nordstrom Inc reported better-than-expected quarterly comparable store sales, helped by higher sales during its anniversary sale and at its off-price Rack business. Nordstrom shares were up nearly 12 percent in extended trading. Net income fell to $117 million, or 67 cents per share, in the second quarter ended July 30, from...

  • *Macy's, Kohl's top pct gainers on S&P 500 index. Aug 11- Wall Street stocks hit fresh record highs on Thursday as rising oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. Crude oil jumped 5.0 percent on comments from the Saudi oil minister about potential action to stabilize prices and the International Energy...

  • *Macy's, Kohl's top pct gainers on S&P 500. Aug 11- The Dow touched a record intraday high on Thursday afternoon as strong results from department store chains and a surge in oil prices buoyed investor sentiment about economic growth. Oil prices jumped 5 percent on comments from the Saudi oil minister about possible action to stabilize prices and the...

  • *Weekly jobless claims fall to 266,000 from 269,000. Aug 11- U.S. stock indexes came at shouting distance from their record highs as strong results from department store chains and robust labor market data buoyed investor sentiment about economic growth. Oil prices rose nearly 2 percent, supporting the rally, after the International Energy Agency forecast...

  • *Weekly jobless claims fall to 266,000 from 269,000. *Department store stocks soar on Kohl's, Macy's results. Aug 11- Wall Street rose sharply on Thursday morning as strong labor market data and upbeat corporate results buoyed investor sentiment about U.S. economic growth.

  • 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...