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Retail Multiline Retail

  • 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.

  • June 8- Department store operator Nordstrom Inc said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private as it struggles with an industry-wide slowdown in sales. Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, jumped as much 18 percent in their...

  • June 8- Department store operator Nordstrom Inc said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private. Shares of the company, which had a market value of $6.72 billion as of Wednesday closing, rose 16.5 percent in premarket trading. The company, however, said the group had not made a formal...

  • TORONTO, June 7- Canadian department store operator Hudson's Bay Co has not yet applied for a Montreal city permit to transform a historic downtown property into a Saks Fifth Avenue store, a government official said on Wednesday, raising prospects the luxury chain could miss its targeted fall 2018 launch. The retailer, which reports first quarter results on...

  • HONG KONG, June 7- New World Department Store China Ltd said its parent firm plans to take it private for HK $934.5 million, so that it can better tackle a challenging operating environment and take risks in implementing strategy. Property developer New World Development Co Ltd, which owns 72.29 percent of New World Department Store, is offering HK $2 apiece for...

  • WASHINGTON, June 6- U.S. discount retailer Dollar Tree Inc has filed a lawsuit against Dollar Express which was unsealed on Tuesday, alleging that the smaller company's private equity owners siphoned off funds and failed to pay for $50 million in goods and services. Dollar Express was formed in 2015 when Sycamore Partners II LP bought some 330 stores in 35 states...