Retail Multiline Retail

  • NEW YORK, Jan 16- Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126- year-old retailer to keep its doors open, people familiar with the matter said Wednesday. The billionaire's proposal, made through his hedge fund ESL...

  • NEW YORK, Jan 16- Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126- year-old retailer to keep its doors open, people familiar with the matter said Wednesday. The billionaire proposal, made through his hedge fund ESL Investments...

  • NEW YORK, Jan 15- Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or ending his takeover plans, people familiar with the matter told Reuters.

  • Jan 15- U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on Tuesday. Payless exited bankruptcy in 2017 with about $400 million in loans, after slashing its debt pile from over...

  • Jan 10- Macy's Inc shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector. "It looks like the consumer is in good shape but generally there are signs of some slowing in the economy," said Ken Perkins, founder of...

  • Jan 10- Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business. "We believe our proposal will provide substantially more value to stakeholders than any other option, in...

  • Jan 10- Macy's Inc shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector. "It looks like the consumer is in good shape but generally there are signs of some slowing in the economy," said Ken Perkins, founder of...

  • Jan 10- Sears Holdings Corp Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company, according to a regulatory filing made on Thursday, significantly increasing the likelihood the U.S. department store will be able to stay in business. Sears set a Wednesday deadline for Lampert to submit a new offer for the retailer and a...

  • Jan 10- Sears Holdings Corp Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company, according to a regulatory filing made on Thursday, significantly increasing the likelihood the U.S. department store will be able to stay in business. Sears set a Wednesday deadline for Lampert to submit a new offer for the retailer and a...

  • LONDON, Jan 10- Debenhams, the British department store that is battling for its survival, said it was in talks with lenders and looking to bring new sources of funding into the business as it reported weak Christmas trading. The group said it had been forced to cut some prices in the run up to Christmas to counter the "volatile" conditions, which would hit its gross...

  • NEW YORK, Jan 9- Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the U.S. department store operator will escape liquidation. The billionaire's revised bid was submitted through an affiliate of his hedge fund, ESL...

  • Jan 8- As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys' R' Us, whose workers collected $20 million in severance pay from its former owners. Others like Bon-Ton Department Stores and Toys' R' Us have gone out of business. In the case of Sears, if...

  • NEW YORK, Jan 8- Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126- year-old U.S. department store operator. Lampert's latest attempt to rescue Sears came after his previous $4.4 billion bid fell short, prompting the retailer to...

  • NEW YORK, Jan 8- Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert's $4.4 billion takeover bid, people familiar with the matter said, potentially spelling the end for the 126- year-old U.S. department store chain. In a stark contrast of the diverging...

  • NEW YORK, Jan 8- Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert's $4.4 billion takeover bid, casting doubt on the survival of the 126- year-old U.S. department store chain, people familiar with the matter said. In a stark contrast of the diverging...

  • Jan 8- Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert's $4.4 billion takeover bid, casting doubt on the survival of the 126- year-old U.S. department store, people familiar with the matter said.

  • *UK grocers' market share: https://tmsnrt.rs/2RCNN7f. LONDON, Jan 8- Morrisons, Britain's No. 4 supermarket chain, reported weaker-than-expected Christmas sales with growth slowing at both its retail and wholesale businesses, as discounters Aldi and Lidl emerged as the major winners over the festive period. Traditionally, British consumers have traded-up to...

  • By James Davey and Kate Holton. LONDON, Jan 8- Morrisons, Britain's fourth largest supermarket, reported weaker-than-expected Christmas sales on Tuesday with growth slowing at both its retail and wholesale businesses, partly reflecting market share gains by discounters Aldi and Lidl. Britain's supermarkets including market leader Tesco, Sainsbury's and...

  • Jan 7- Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer. Starboard is seeking to capitalize on criticism from some investors and analysts that Dollar Tree should consider raising...

  • Jan 7- Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer. Starboard is seeking to capitalize on criticism from some investors and analysts that Dollar Tree should consider raising...