United States

Department Stores

Page 1

Marui Group unit to sell property at 13 bln yen

Tuesday, 20 Sep 2016 02:14am EDT

Marui Group Co Ltd <8252.T>: Says its unit to sell property including land and building located in Tokyo, Japan, at about 13 billion yen .Says the transaction will effective on Sep. 30.

Wellington Merchants says Mercantile NZ offer is unconditional

Monday, 19 Sep 2016 09:07pm EDT

Wellington Merchants Ltd :Mercantile NZ offer is unconditional.

Sears Holdings' Kmart to close 64 stores - Business Insider

Monday, 19 Sep 2016 02:23pm EDT

: Sears Holdings' Kmart is closing 64 stores and laying off thousands of employees - Business Insider .Kmart stores that are closing will begin liquidation sales on September 22, and close by mid December - Business insider.

LightintheBox Q2 net loss per ADS $0.03

Monday, 19 Sep 2016 06:00am EDT

Lightinthebox Holding Co Ltd : Qtrly net loss per American Depository Share was $0.03 .Non-GAAP net loss per ADS was $0.01 in Q2 of 2016.

Heritage Foods confirms talks with Future Group for business association

Monday, 19 Sep 2016 04:01am EDT

Heritage Foods Ltd : Confirm that co, future group in talks for possible business association . No binding agreement or collaboration at this stage yet .

Fujian Dongbai Group to buy asset management unit for 9.2 mln yuan

Sunday, 18 Sep 2016 10:04pm EDT

Fujian Dongbai Group Co Ltd <600693.SS>: Says it to buy 10 percent stake in its Fujian-based asset management unit from a Pingtan-based investment limited partnership for 9.2 million yuan .Says the co to wholly own the target unit after transaction.

Fujian Dongbai Group to set up asset management jv

Sunday, 18 Sep 2016 09:56pm EDT

Fujian Dongbai Group Co Ltd <600693.SS>: Says it to set up an asset management jv in Pingtan, with a Pingtan-based investment limited partnership .Says the jv with registered capital of 90 million yuan and the co to hold 90 percent stake in it.

XiAn Minsheng Group buys Hainan-based company

Friday, 16 Sep 2016 01:27am EDT

XiAn Minsheng Group Co Ltd <000564.SZ>:Says it acquired 100 percent stake in a Hainan-based holding company.

John Lewis H1 pretax profit down 74.6 pct to 56.9 mln stg

Thursday, 15 Sep 2016 02:00am EDT

John Lewis Partnership Plc : Unaudited condensed interim financial statements . Solid gross sales growth of 3.1 pct with increased market shares and rising customer numbers in challenging markets . Pbt before exceptional items down 14.7 pct to 81.9 mln stg . Exceptional charge of 25.0 mln stg for write-down of property assets no longer intended to be developed and related costs . Net debt of 549.3 mln stg, 115.3 mln stg (17.3 pct) lower than Aug. 1 2015 . Accounting pension deficit of 1,453.7 mln stg, 512.1 mln stg (54.4 pct) higher than January 2016 . In first half of year, partnership's gross sales grew 3.1 pct to 5.27 bln stg . Waitrose gross sales grew 2.2 pct and John Lewis gross sales by 4.5 pct . For first six weeks of second half, partnership gross sales are up 3.8 pct . For the first six weeks of the second half Waitrose gross sales have increased by 5.0 pct (1.4 pct like-for-like, excluding petrol) . For the first six weeks of H2, John Lewis gross sales are 2.0 pct higher than last year (0.7 pct like-for-like) . We expect to trade well compared to market, structural changes in retail will not ease . EU referendum result has had little quantifiable impact on sales in first half .Uncertainty of leaving EU will remain and full impact of this change is yet to become clear.


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