Retail Multiline Retail

  • Oct 16- Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc, the New York Post reported on Tuesday. Icahn's plans for the stake were not immediately clear, the report https://nypost.com/2018/10/16/carl-icahn-has-taken-a-stake-in-dollar-tree added. Dollar Tree shares rose 5.4 percent to...

  • LONDON, Oct 16- Britain's competition regulator will include German discounters Aldi and Lidl, and online retailer Amazon, in its probe into Sainsbury's proposed takeover of Asda, as well as long-standing supermarket rivals like Tesco. "The level and impact of competition presented by newer or growing retailers including Aldi and Lidl will be considered," the...

  • Oct 14- Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute towards a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said. Lampert, who is also the company's largest shareholder...

  • Oct 11- Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer's businesses and real estate once it files for bankruptcy, an alternative to a traditional court-supervised reorganization, people familiar with the matter said on Thursday. Under the scenario, the 125- year-old department store...

  • Oct 11- Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said the U.S. department store operator was preparing to file for bankruptcy in the coming days. "We went into business with them with our eyes open and knew this day would come one day," said Arnold Kamler, chief executive officer of Parsippany, New...

  • Oct 11- Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said on Wednesday that the U.S. department store operator was preparing to file for bankruptcy in the coming days. "We went into business with them with our eyes open and knew this day would come one day," said Arnold Kamler, CEO of Parsippany, New...

  • SYDNEY, Oct 3- Myer Holdings Ltd's biggest shareholder has asked the Australian department store chain for a full list of its owners, stoking speculation that a takeover or board spill was in the offing and driving shares of the company up 9 percent. Premier Investments Ltd, chaired by billionaire retail tycoon Solomon Lew, said in a statement that it wanted the...

  • Sept 27- Department store operator J.C. Penney Co Inc said on Thursday its Chief Financial Officer Jeffrey Davis plans to step down effective Oct. 1. Senior Vice President of Finance Jerry Murray was named as interim chief financial officer, the company said in a statement.

  • Sept 24- Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday. Billionaire Lampert, who also runs hedge fund ESL Investments Inc, said the 125-...

  • CHATTERIS, England, Sept 19- Britain's biggest retailer Tesco is going head-to-head with fast-growing German discounters Aldi and Lidl on price with a new grocery store it says will be the cheapest in town. That compares with the thousands of goods on sale in its traditional supermarkets, and mimics the German chains' focus on simplicity and own-brands to keep...

  • Sept 13- U.S. department store Sears Holdings Corp said doubt existed about its ability to stay in business as it waits for approval to sell its Kenmore appliance brand and another business to its chief executive's hedge fund for as much as $480 million. "It is imperative that the Company reduce debt, adjust its debt maturity profile and eliminate the associated...

  • Sept 13- Sears Holdings Corp reported a 25.6 percent fall in second-quarter sales on Thursday, as the company shut more stores to combat declining foot traffic in brick-and-mortar outlets. The parent company of the Sears department stores and Kmart discount chain said net loss attributable to shareholders widened to $508 million, or $4.68 per share, in the...

  • Sept 12- Macy's Inc said on Wednesday it would hire 80,000 temporary workers to deal with extra customers shopping during the crucial holiday season. The department store chain said 23,500 of its seasonal positions will be based in fulfillment centers to support online orders, a 31 percent increase over 2017.. Seasonal hiring plans of retailers indicate...

  • The Minneapolis- based retailer also raised its profit forecast for the year after comparable sales including stores and online grew the most in 13 years. Retail chains including Toys' R' Us Inc and department store operator Bon Ton Store Inc have either shut down operations or filed for bankruptcy this year. Roughly 4,000 retail stores had shut in the U.S. this...

  • That has translated to rising sales for retailers including Target's rivals like Walmart Inc and Nordstrom Inc. Retail chains including Toys' R' Us Inc and department store operator Bon Ton Store Inc have either shut down operations or filed for bankruptcy this year. Roughly 4,000 retail stores had shut in the U.S. this year through Aug. 10, according to Coresight...

  • Penney Co Inc on Thursday reported sales at established stores below analysts' estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent. Net loss widened to $101 million, or 32 cents per share, in the second quarter ended Aug. 4 from $48 million, or 15 cents per share, a year earlier. The company is yet to find a...

  • HELSINKI, Aug 16- Finnish retailer Stockmann reported better-than-expected second-quarter results on Thursday, thanks to increased sales at its fashion chain Lindex, but warned that its department stores would remain in the red in the full year. Its second-quarter adjusted operating profit rose to 24 million euros from 15 million euros a year ago, compared...

  • *Don Quijote said Seiyu has many attractive locations. *Don Quijote has posted 29 years of profit, sales growth. TOKYO, Aug 13- Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it expands its presence in the domestic market.

  • *Don Quijote said Seiyu has many attractive locations. *Don Quijote has posted 29 years of profit, sales growth. TOKYO, Aug 13- Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it looks to expand its presence in the domestic market.

  • *Discount chain Don Quijote bucks trend on strong sales forecast. TOKYO, Aug 13- Japan's Nikkei tumbled 2 percent to a five-week low on Monday as a sell-off in emerging market currencies spooked stock investors, with the safe-haven yen's appreciation hurting sentiment and dragging down the broader market. "As long as the Turkey woes continue, there are worries...