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Retail Multiline Retail

  • BRASILIA, Feb 8- Lojas Renner SA, Brazil's biggest apparel retailer, missed fourth-quarter profit estimates on Thursday, as a sharp increase in costs outpaced growing revenue amid an aggressive expansion drive. Renner, based in the southern city of Porto Alegre, has become an investor-darling as an effective transition from a traditional department store to a...

  • Feb 6- Bon-Ton Stores Inc, one of the largest U.S. department store operators, said in court on Tuesday it was in talks with potential investors as part of an effort to emerge from Chapter 11 bankruptcy, despite calls from some bondholders that it liquidate. York, Pennsylvania- based Bon-Ton, with 23,000 employees and 256 stores across 23 states, on Sunday sought...

  • LONDON, Feb 6- Tesco was the top performer of Britain's four largest supermarket groups over the past 12 weeks, posting sales growth of 2.6 percent, although all four again lost market share to discount chains Aldi and Lidl. Asda, owned by Walmart, grew sales by 2.2 percent in the period to Jan. 29, data from research group Kantar Worldpanel showed, with Morrisons also...

  • *Lists assets of $50,001- $100,000, liabilities of $500 mln- $1 bln. *Receives commitment of up to $725 mln DIP financing. Feb 4- Bon-Ton Stores Inc said on Sunday it filed for bankruptcy protection to restructure its debt and explore a potential sale, making it the first major U.S. brick-and-mortar retailer to do so this year.

  • Feb 4- Bon-Ton Stores Inc said on Sunday it filed for bankruptcy protection to restructure its debt and explore a potential sale, making it the first major U.S. brick-and-mortar retailer to do so this year. The York, Pennsylvania- based department store operator, which has about 260 stores, listed assets in the range of $50,001 to $100,000 and liabilities in the...

  • Feb 4- Bon-Ton Stores Inc filed for Chapter 11 bankruptcy protection to implement a financial restructuring and explore a potential sale of the company, the department store operator said on Sunday.

  • However, net income fell to $123 million, or 33 cents per share, in the second quarter ended Dec. 31, from $428 million, or $1.15 per share, a year earlier. The cosmetics maker raised its 2018 full-year adjusted profit forecast to $4.27- $4.32 per share, thanks to its robust retail travel segment, which includes sales in duty-free stores and tourist department stores...

  • Feb 2- Bon-Ton Stores Inc, one of the largest U.S. department store operators, has secured a loan that will allow it to file for bankruptcy as early as Sunday, according to people familiar with the matter. The move will make Bon-Ton, which has about 260 stores and nearly $1 billion in debt, the first major U.S. brick-and-mortar retailer to file for bankruptcy this year.

  • Shoppers at a Best Buy store in Brooklyn, New York.

    Best Buy stock slips after a retail brokerage downgrades shares on fears that Wall Street has already priced in the chain's rebound.

  • LONDON, Jan 11- Tesco reported a 1.9 percent rise in like-for-like sales in its home market for the Christmas period, falling short of market forecasts after strong growth in fresh food was offset by lower demand for general merchandise. Analysts had forecast a rise of 2.4-3.2 percent in the six weeks to Jan. 6 at Britain's biggest retailer. Earlier this week...

  • LONDON, Jan 11- Tesco reported a 1.9 percent rise in like-for-like sales in its home market for the Christmas period, falling short of market forecasts after strong growth in fresh food was offset by lower demand for general merchandise. Analysts had forecast a rise of 2.4-3.2 percent in the six weeks to Jan. 6 at Britain's biggest retailer. Tesco said on Thursday...

  • Jan 8- Kohl's Corp posted far stronger same-store sales for the holidays than its bigger peers, as a revamp of its business model and a strategy to have more stand-alone department stores rather than at struggling shopping malls paid off. Kohl's shares jumped nearly 9 percent to $59.07 on Monday, their highest since December 2016, after the retailer reported a...

  • CHICAGO, Jan 4- Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to assess the viability of its operations. The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year.

  • The department store operator said it would save about $300 million in costs by shuttering 11 stores, cutting and hiring staff, and streamlining areas including human resources. Macy's spokeswoman Blair Rosenberg said those changes would mean a net loss of some 5000 jobs. Macy's, which also owns luxury chain Bloomingdale's, has been focused on streamlining...

  • Jan 4- Department store operator Macy's Inc said on Thursday that comparable sales during the key holiday months of November and December rose 1 percent, and predicted a slightly better-than-expected decline in full-year comparable sales. The company, which promised in 2016 to shutter 100 stores, also said it would close 11 stores, cut jobs and further...

  • Jan 4- Department store operator J.C. Penney's announcement comes on the heels of a MasterCard analytics report that said shoppers spent a record $800 billion during the 2017 U.S. holiday shopping period, on the back of surging consumer confidence and increased use of mobile devices. Separately, Victoria's Secret owner L Brands Inc said its same-store sales...

  • *UK sales down 2.6 percent over last 17 weeks. LONDON, Jan 4- Department store group Debenhams slashed its annual profit forecast on Thursday after it was forced to cut prices to drive sales of Christmas gifts, illustrating the challenges facing some of Britain's best known retailers. Chief Executive Sergio Bucher said customers had "come late to Christmas," and...

  • Jan 4- Department store operator J.C. Penney Co Inc said on Thursday same-store sales during the key selling months of November and December rose 3.4 percent, driven by strong demand for home and beauty products and jewelry. The company's shares were up 1 percent in premarket trading on Thursday.

  • *UK sales down 2.6 percent over last 17 weeks. LONDON, Jan 4- British department store operator Debenhams Plc slashed its annual profit forecast on Thursday after it was forced to cut prices to drive Christmas gift sales, hammering its shares and putting the stock on track for its worst ever daily fall. "The market has been challenging and particularly promotional...

  • Germany's DAX led the way with a 0.9 percent gain thanks to strong carmakers and industrials, while Britain's FTSE 100 hit a record high. In the UK small-cap space Debenhams shares sank 19 percent after a profit warning. The stock was set for its worst ever daily fall after the UK department store said price cuts failed to lure shoppers in.