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Retail Multiline Retail

  • Shoppers walk past sale signs in a mall in White Plains, N.Y.

    Bespoke Investment released a report on "the most hated stocks in the world," with multiline retail as the big loser.

  • TORONTO, July 27- Hudson's Bay Co is planning to open its first namesake department store in Canada in at least five years, the company confirmed on Thursday, even as other competitors are shuttering stores in a brutal retail market. HBC's planned opening in Montreal comes as it faces pressure from activist shareholder Jonathan Litt, who is pushing for the...

  • MEXICO CITY, July 27- Wal-Mart de Mexico on Thursday said net profit in the second quarter more that doubled due to the sale of clothing chain Suburbia to department store and shopping mall operator El Puerto De Liverpool. The company, Mexico's biggest retailer, said in a report to Mexico's bourse that net profit rose 118 percent to 13.5 billion pesos over the...

  • *950 jobs at risk in South Africa, Namibia, Botswana. JOHANNESBURG, July 27- Department store Stuttafords, the 159- year-old "Harrods of South Africa", is closing down, victim of a global shift to online retail and a domestic economic slump that has put brands such as Ted Baker and Gap beyond its customers' reach. However, attempts to revive its fortunes proved futile and...

  • DUESSELDORF, Germany, July 26- Euler Hermes has slashed its trade credit insurance for suppliers of German department store chain Kaufhof, owned by Canada's Hudson's Bay Co, two people familiar with the matter told Reuters. The sources said they had seen the letter from Euler Hermes, a French credit insurance company majority owned by Germany's Allianz.

  • July 13- Department store operator J.C. Penney Co Inc said it was opening toy shops in all its stores and was planning to have a bigger assortment of toys available in time for the holiday season, as it seeks new avenues of growth amid weak sales. The retailer also said on Thursday it had doubled its online assortment of toys over the last year.

  • July 13- Department store operator J.C. Penney Co Inc said it was opening toy shops in all its stores and has already doubled its online assortment of toys over the last year, with plans to expand further by the holiday season. The retailer, which has over 1,000 stores, will sell toys from brands including Mattel's Fisher Price, Hasbro and Playmobil, with some stores...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations as part of its effort to cut costs and square footage to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The company said in February it would cut costs this year by at least $1 billion. Shares of Sears were down 3 percent at...

  • LONDON, June 27- Debenhams, Britain's second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve. The retailer, in the middle of a turnaround programme led by new Chief Executive Sergio Bucher, reported a 0.9 percent...

  • LONDON, June 27- Debenhams, Britain's second-biggest department store operator, said on Tuesday it was making progress in implementing its new strategy, though it cautioned that the UK trading environment had become more volatile. The firm said group like-for-like sales fell 0.9 percent in the 15 weeks to June 17, its fiscal third quarter.

  • LONDON, June 27- Debenhams, Britain's second-biggest department store operator, said on Tuesday it was making progress in implementing its new strategy, though it cautioned that the UK trading environment had become more volatile. The firm said group like-for-like sales rose 0.9 percent in the 15 weeks to June 17, its fiscal third quarter.

  • June 15- Dollar Tree Inc's plan to more than quadruple its store count in Canada, as it fights rising competition and slowing sales growth back home, is fraught with risks and will pit it against a formidable rival- market leader Dollarama. Chesapeake, Virginia- based Dollar Tree, which operates 226 stores in Canada, said in March it planned to open 1,000 stores in...

  • June 13- U.S. department store operator Neiman Marcus said on Tuesday it had ended talks regarding a partial or full sale of the company, three months after embarking on a review of strategic alternatives under the weight of a $4.8 billion debt load. Talks between Neiman Marcus and its suitor Hudson's Bay Co, the owner of high-end department store Saks Fifth...

  • TORONTO, June 9- Canadian retailer Hudson's Bay Co said on Friday it was streamlining operations across its various department store chains to better compete in what it called a "brutal" market. The 347- year-old company, known as HBC, announced jobs cuts across North America late on Thursday. HBC operates Hudson's Bay, Lord& Taylor, Saks Fifth Avenue and other...

  • June 9- A group of Nordstrom Inc family members is talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private, according to people familiar with the matter. Nordstrom said on Thursday the family group, which owns 31.2 percent of the 116- year-old retailer, was studying ways to...

  • HBC, which operates Hudson's Bay, Lord& Taylor, Saks Fifth Avenue and other chains, plans to decrease its number of vendors, centralize store operations and move toward a "shared services" structure to standardize processes across department stores. The shares tumbled C $1.08, or 11.2 percent, to C $8.55, and earlier touched a record low of C $8.44.

  • CHICAGO/ NEW YORK, June 8- Nordstrom Inc's founding family could face a drawn-out search for backers to help it take the retailer private as investors shy away from brick-and-mortar department stores under assault from Amazon.com Inc and other online competitors. Any plan to go private would likely require the company to raise as much as $4.5 billion in...

  • Shares of the Seattle- based company jumped as much 18 percent in their biggest intraday percentage gain since February 2009. It now has a market value of about $7.4 billion. In a filing with the U.S. Securities and Exchange Commission, the department store operator said the group formed to consider going private had not yet made a formal proposal.