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Fujian Dongbai Group unit to buy commercial firm for 30.1 mln yuan

3:37am EST

Fujian Dongbai Group Co Ltd <600693.SS>:Says its unit to acquire a Guangzhou-based commercial firm for 30.1 million yuan, from two individuals.

S&P downgrades Macy's Inc credit rating to 'BBB-'

Wednesday, 22 Feb 2017 03:10pm EST

S&P:Macy's Inc downgraded to 'BBB-' on weakened operating performance and credit metrics; outlook negative.

Canada's competition bureau sues Hudson's Bay over alleged deceptive regular price claims

Wednesday, 22 Feb 2017 10:56am EST

Canada's Competition Bureau: Canada's competition bureau sues Hudson's Bay over alleged deceptive regular price claims and clearance sales . Investigation found HBC engaged in deceptive marketing practices by offering sleep sets at grossly inflated regular prices .Canada's competition bureau has filed an application with competition tribunal seeking payment of an administrative monetary penalty by HBC.

HSN Inc posts Q4 adjusted earnings per share $0.82

Wednesday, 22 Feb 2017 08:00am EST

HSN Inc : HSN Inc reports fourth quarter and full year 2016 results . Q4 adjusted earnings per share $0.82 . Q4 earnings per share $0.82 . Q4 earnings per share view $0.77 -- Thomson Reuters I/B/E/S .Says Q4 net sales at hsn decreased 1 pct to $769.3 million compared to Q4 2015.

Maoye Communication and Network unit plans tech unit in Xinjiang

Tuesday, 21 Feb 2017 10:37pm EST

Maoye Communication and Network Co Ltd <000889.SZ> :Says its tech unit plans to set up a wholly owned tech unit in Khorgos, Xinjiang, with registered capital of 10 million yuan.

Macy's CEO on conf call- Anticipate the challenging environment in 2016 to continue

Tuesday, 21 Feb 2017 11:23am EST

Macy's Inc : CEO on conf call- "physical stores will play an exceedingly important role in the future of shopping for us and others" . CEO on conf call- anticipate the challenging environment in 2016 to continue . CFO- Q4 online sales grew at double digit growth . CEO - "plan to work closely with our real estate team and expect to get a lot done in 2017" . CFO- working on a strategy to transform our beauty business . Not assuming we'll buy back any stock in 2017 in our forecast . CFO on conf call- "are aware of recent headlines, will not be answering any questions regarding rumors or speculation" . CEO- "think there's enough customers in the mall, it's just a matter of where they are shopping" . Backstage within stores making stores more productive, still working on refining the format Further company coverage: [M.N] ((bangalore.newsroom@thomsonreuters.com;)).

MLBAM says former vice president, digital video at Amazon, Michael Paull named CEO of Bamtech

Tuesday, 21 Feb 2017 11:18am EST

:MLBAM- Former vice president, digital video at Amazon, Michael Paull named CEO of Bamtech.

Macy's posts Q4 adjusted earnings per share $2.02

Tuesday, 21 Feb 2017 08:00am EST

Macy's Inc : Macy's Inc reports fourth quarter and fy2016 results . Q4 earnings per share $1.54 . Q4 sales $8.515 billion versus I/B/E/S view $8.62 billion . Q4 same store sales fell 2.7 percent . Q4 earnings per share view $1.96 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $2.02 excluding items . Macy's Inc- on an owned basis, Q4 comparable sales declined by 2.7 percent . Macy's Inc- comparable sales on an owned plus licensed basis for Q4 were down 2.1 percent . Macy's Inc- capital expenditures for 2017 are expected to be approximately $900 million . Macy's Inc- in fiscal 2017, company expects comparable sales on an owned basis to decline between 2.2 percent and 3.3 percent . Macy's Inc- total sales are expected to be down between 3.2 percent and 4.3 percent in fiscal 2017 . Macy's Inc- adjusted diluted earnings per share of between $3.37 and $3.62 are expected in 2017 .FY earnings per share view $3.20 -- Thomson Reuters I/B/E/S.

Dillard's posts Q4 earnings per share $1.72

Tuesday, 21 Feb 2017 07:30am EST

Dillard's Inc : Dillard's Inc reports fourth quarter and fiscal year results . Q4 earnings per share $1.72 . Dillard's Inc reports fourth quarter and fiscal year results . Q4 sales $1.936 billion .Dillard's Inc sees 2017 capital expenditures $125 million.

Parkson Holdings bhd says qtrly net profit 72.7 mln rgt

Tuesday, 21 Feb 2017 07:12am EST

Parkson Holdings Bhd : Qtrly net profit 72.7 million rgt . Qtrly revenue 1.05 billion rgt .Says year-ago qtrly net loss was 31.4 million rgt, revenue 1.04 billion rgt.

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