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Sears Holdings provides update on restructuring program

Friday, 21 Apr 2017 04:56pm EDT

April 21 (Reuters) - Sears Holdings Corp ::Sears Holdings details progress and further actions under strategic restructuring program.Sears Holdings - updates strategic restructuring program, including incremental actions to up annualized cost savings target to $1.25 billion from $1.0 billion.Sears Holdings- remains focused on its integrated retail strategy, is actively pursuing a number of new partnerships and other membership offerings.Sears Holdings Corp - company expects to report positive net income for q1 of 2017.Sears Holdings Corp - is in discussions with its lenders to evaluate refinancing options for its secured loan facility maturing in July 2017.Sears Holdings - Rob Riecker, currently controller and head of capital market activities, has been appointed chief financial officer of Sears Holdings.Sears Holdings Corp - Riecker succeeds Jason Hollar, who has resigned from Sears Holdings.Sears Holdings says "retail environment remained challenging with continued softness in store traffic and elevated price competition" in Q1.Says since beginning of fiscal year, comparable store sales at sears and Kmart declined 11.9 pct on a combined basis.Sears Holdings-expect q1 2017 net income attributable to shareholders will range between $185 million- $285 million, excludes impact of any additional store closures.Sears Holdings Corp - currently expect q1 2017 adjusted ebitda in the range of a loss of $230 million and $190 million.

Groupe Fnac Q1 revenue down 3.2 pct at EUR 1.67 bln

Friday, 21 Apr 2017 11:47am EDT

April 21 (Reuters) - Groupe Fnac SA ::Q1 revenue EUR 1.67 billion ($1.79 billion), down 3.2 percent.Confirms objective of 130 million euros annual synergies as of 2018 of which at least half by the end of 2017.

Changchun Sinoenergy's 2016 net profit up 53 pct y/y

Friday, 21 Apr 2017 10:09am EDT

April 21 (Reuters) - Changchun Sinoenergy Corp <600856.SS>:Says 2016 net profit up 53.0 percent y/y at 434.8 million yuan ($63.16 million).

Wuhan Department Store Group's 2016 net profit up 24.1 pct y/y

Friday, 21 Apr 2017 08:14am EDT

April 21 (Reuters) - Wuhan Department Store Group Co Ltd <000501.SZ>:Says 2016 net profit up 24.1 percent y/y at 991.6 million yuan ($144.03 million).

Amazon to create over 2,500 full-time jobs in New Jersey

Friday, 21 Apr 2017 06:45am EDT

April 21 (Reuters) - Amazon.Com Inc :Amazon to create more than 2,500 full-time jobs at three additional New Jersey fulfillment centers.Amazon.com Inc - plans to open three additional fulfillment centers in New Jersey.

Lanzhou Minbai Shareholding (Group) completes acquisition of Hangzhou retail company

Friday, 21 Apr 2017 01:21am EDT

April 21 (Reuters) - Lanzhou Minbai Shareholding (Group) Co Ltd <600738.SS> ::* Says it completes full acquisition of 100 percent stake in a Hangzhou-based retail company as planned.

Kogan.com updates on guidance

Thursday, 20 Apr 2017 09:06pm EDT

April 21 (Reuters) - Kogan.Com Ltd ;:Expects full year fy17 pro forma trading ebitda to be more than $11.5m.

Rainbow Department Store to pay FY 2016 annual div on April 28

Thursday, 20 Apr 2017 03:22am EDT

April 20(Reuters) - Rainbow Department Store Co Ltd <002419.SZ> ::* Says it will pay cash dividend of 3.6 yuan per 10 shares (before tax) to shareholders of record on April 27, for FY 2016.* The company's shares will be traded ex-right and ex-dividend on April 28 and the dividend will be paid on April 28.

Guangzhou Grandbuy sees H1 2017 net profit up 0-20 pct

Wednesday, 19 Apr 2017 11:01pm EDT

April 20 (Reuters) - Guangzhou Grandbuy Co Ltd <002187.SZ>: :* Sees net profit for H1 2017 to increase by 0 percent to 20 percent, or to be 89.4 million yuan to 107.3 million yuan, compared to net profit of the same period in 2016 (89.4 million yuan).* Comments that improved operation is the main reason for the forecast.

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