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Retail Multiline Retail

  • Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. The retailer's operations outside of the United States and Canada, including about 255 licensed stores and joint venture partnerships in Asia, which...

  • Sept 18- Toys "R" Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. The Chapter 11 filing is among the largest ever by a specialty retailer and casts doubt over the future of the company's approximately 1,600 stores and...

  • Sept 18- U.S. discount retailer Dollar Tree Inc said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. Sasser oversaw Dollar Tree's $9.1 billion acquisition of Family Dollar in 2015, making it the biggest dollar store chain in the United States. Dollar Tree's market value rose...

  • "I think sees an opportunity to take market share in an environment where we have so many store closures in the specialty apparel and department store space," said Retail Metrics analyst Ken Perkins. Retailers including Sears Holdings Inc and Macy's Inc have announced plans to close hundreds of stores as they struggle with increasing competition from...

  • Sept 12- Nordstrom Inc's founding family has selected private equity firm Leonard Green& Partners to help take the high-end retailer private, according to a source familiar with the matter. Nordstrom's shares rose as much as 9.6 percent to $49.40 in after-hours trading on Tuesday, valuing the U.S. department store operator at $8.21 billion.

  • Sept 7- Canada's Dollarama Inc reported a better-than-expected profit for the ninth straight quarter as customers spent more at its dollar stores, helped by its policy to accept credit cards for payments. Customers spent more than twice the amount when shopping with credit cards than they did with cash transactions, Chief Executive Neil Rossy said on a...

  • The company, which raised its product price ceiling to C $4 last year, faces far less competition in the market than its U.S. peers, allowing it to raise prices and improve margins. In contrast, U.S. retailer Dollar General Corp reported a slide in its second-quarter profit margins, as it cut prices more aggressively to compete with Amazon's Whole Foods Market.

  • Sept 6- U.S. department store operator Kohl's Corp said on Wednesday it would sell Amazon.com Inc devices at 10 stores in Los Angeles and Chicago starting in October. Kohl's, which has reported declining sales for six straight quarters, is the latest retailer to join hands with Amazon, the e-commerce company that has put a dent into sales at retailers across the...

  • TORONTO, Sept 5- Department store operator Hudson's Bay Co reported on Tuesday a steeper-than-forecast quarterly loss but retail sales slightly topped expectations as new store openings and a favorable foreign exchange impact offset fewer shoppers and more sales promotions. HBC's Saks Fifth Avenue luxury brand had its best quarterly comparable sales...

  • TORONTO, Sept 4- Hudson's Bay Co's commitment to Europe is "rock solid," Chief Executive Gerald Storch told Reuters in an interview, ahead of the opening of the first of 10 planned name-sake department stores in the Netherlands on Tuesday, bucking a trend away from bricks and mortar. The European expansion comes in the face of pressure from activist investor...

  • Bon-Ton has tapped advisory firm AlixPartners LLP to provide operational advice on its turnaround efforts, and is also interviewing banks to appoint an advisor to review strategic options including debt restructuring, the sources said this week. The York, Pennsylvania- based company has been suffering from years of losses, including a loss of $33.2 million...

  • Dana Telsey

    Dana Telsey says retailers must change their focus and strategy to compete with Amazon.

  • LONDON, Aug 30- British retailer John Lewis on Wednesday gave the following sales figures for the latest week compared with a year earlier. Week to Aug 26 4 weeks to Aug 26. Total sales 1.5 pct 2.4 pct Dept stores 6.2 pct 5.8 pct Food stores -1.4 pct 0.4 pct.

  • HBC shares fell as much as 5.6 percent to C $10.01, on track for its biggest one-day fall since June 9 when it unveiled plans to overhaul operations amid a broader retail shakeup that has seen department stores across North America hurt by competition from online and discount retailers. The benchmark Canada share index was up 0.2 percent. The company has since...

  • Credit Suisse released a list of "seven retail sins," listing problems faced by retailers evident in earnings reports over the past weeks.

  • ISTANBUL, Aug 21- Turkish discount retailer Sok is planning an initial public offering in 2018, two sources familiar with the matter told Reuters, the latest sign that Turkey's IPO market may be coming back to life. Sok, with more than 4,700 stores and 21,000 employees, is one of Turkey's biggest discount retailers, selling groceries, fresh produce and household...

  • *FY18 EPS forecast $3.87- $3.94 vs. est. Despite the challenges of declining foot traffic in U.S. department stores, Estee Lauder has been benefiting in global markets such as Italy and China, where more customers are visiting brick-and-motor stores. Sales in Europe, the Middle East and Africa, and in Asia-Pacific climbed 11.4 percent to $1.72 billion in the fourth...

  • *FY18 EPS forecast $3.87- $3.94 vs. est. Despite the challenges of declining foot traffic in U.S. department stores, Estee Lauder has been benefiting in global markets such as Italy and China, where more customers are visiting brick-and-motor stores. Sales in Europe, the Middle East and Africa, and in Asia-Pacific climbed 11.4 percent to $1.72 billion in the fourth...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc warned on Thursday that this quarter's earnings could miss Wall Street's estimates as the world's biggest retailer struggles with falling margins due to price-cutting and heavy spending on its e-commerce operations. Wal-Mart has also been cutting grocery prices to remain competitive against discounters like...

  • *FY sales forecast $5.8 bln- $5.9 bln vs est $6.04 bln. Aug 15- Coach Inc forecast full-year revenue below Wall Street estimates as the handbag maker's efforts to pull out products, including those of recently acquired Kate Spade, from department stores weigh on sales, sending its shares tumbling 14 percent. "There has been concern that too much outlet exposure and...