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Department Stores

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Intime Retail Group announces proposal for privatisation

Monday, 9 Jan 2017 05:40pm EST

Intime Retail Group Co Ltd <1833.HK> : on 28 December 2016, joint offerors requested board to put forward proposal to scheme shareholders . proposal regarding proposed privatisation of company . application has been made by company to stock exchange for resumption of trading in shares on stock exchange on 10 january 2017 .scheme shares will be cancelled in exchange for payment by joint offerors to each shareholder of cancellation price of hk$10.00 for each share..

Hudson's Bay reports holiday sales results and provides update on fiscal 2016 outlook

Monday, 9 Jan 2017 05:01pm EST

Hudson's Bay Co - : Hudson's Bay company reports holiday sales results and provides update on fiscal 2016 outlook . For nine week period beginning October 30, 2016 and ending December 31, 2016 on constant currency basis, consolidated comp sales decrease of 0.7% . Now expects 2016 total capital investments, net of landlord incentives, to be between $660 million and $710 million . Sees fiscal 2016 sales between c$14.4 billion to c$14.6 billion . Hudson's Bay co sees for fiscal 2016, adjusted ebitda c$615 to c$665 million . FY2016 revenue view c$10.95 billion -- Thomson Reuters I/B/E/S . Retail environment remained challenging in U.S. and Europe and significant promotional activity during holiday period had negative impact on margins . Margin pressure compounded by declining value of euro compared with canadian dollar which impacts translated earnings from hbc europe . Given sales results for holiday,lower than expected gross margins q4 to date, reducing 2016 sales, adjusted ebitdar, adjusted ebitda outlooks .Now expects fiscal 2016 total capital investments, net of landlord incentives, to be between $660 million and $710 million.

Warehouse Group announces changes to its business operating model

Monday, 9 Jan 2017 02:31pm EST

Warehouse Group Ltd : announced a series of changes to its business operating model. . warehouse limited's chief executive officer, simon turner, has decided to leave business. .pejman okhovat, ceo of warehouse stationery and torpedo7 group, will lead warehouse and warehouse stationery brands.

Five Below sees Q4 sales $386 million to $388 million

Monday, 9 Jan 2017 08:25am EST

Five Below Inc : Five Below Inc announces holiday sales results for quarter-to-date through January 7, 2017; updates fourth quarter and full year fiscal 2016 guidance . Sees FY 2016 earnings per share $1.28 to $1.29 . Sees Q4 earnings per share $0.88 to $0.89 . Sees Q4 sales $386 million to $388 million . Sees FY 2016 sales up 20 percent . Sees FY 2016 sales $998 million to $1.0 billion . Sees Q4 sales up 18 to 19 percent . Five Below Inc sees comparable sales increase of approximately 2% for full year fiscal 2016 . Five Below Inc- comparable sales for holiday period increased by 0.5% .Q4 earnings per share view $0.91, revenue view $393.7 million -- Thomson Reuters I/B/E/S.

Maoye International announces disposal of shares in Maoye Communication

Monday, 9 Jan 2017 07:55am EST

Maoye International Holdings Ltd : Zhongzhao, a wholly-owned subsidiary of company, entered into disposal agreement with purchaser . Zhongzhao to dispose 70 million shares in capital of Maoye Communication at cash consideration of RMB1.40 billion .Zhongzhao, as vendor ; Shenzhen Tong Tai Da Investment Centre as purchaser.

The Howard Hughes Corp purchases Macy's store at Landmark Mall

Monday, 9 Jan 2017 07:00am EST

Howard Hughes Corp : The howard hughes corporation purchases Macy's store at Landmark Mall .Has acquired 11.4 acre Macy's store and Parking Field at Landmark Mall in Alexandria, VA.

Xi'an Minsheng Group to change name into CCOOP GROUP CO.,LTD

Monday, 9 Jan 2017 12:20am EST

Xi'an Minsheng Group Co., Ltd.<000564.SZ>: Says it plans to change its name into CCOOP GROUP CO.,LTD .Says once the preference doesn't get the approval, the co may change its name into CHANG’AN CCOOP GROUP CO.,LTD or XI’AN CCOOP GROUP CO.,LTD.

Beijing Hualian Department Store revises stake acquisition and fund raising plan

Tuesday, 3 Jan 2017 01:34am EST

Beijing Hualian Department Store Co., Ltd.<000882.SZ>: Says it plans to cancel the acquisition plan for stake in three firms and the acquisition prices of the remaining two firms were amended to 445.8 million yuan and 417.1 million yuan . Says it cut private placement size to 860 million yuan from 1.8 billion yuan for fund raising accordingly .Says previous plan disclosed on Oct. 9, 2015.

Beijing Hualian Department Store names Yang Feng as chairman and general manager

Friday, 30 Dec 2016 02:55am EST

Beijing Hualian Department Store Co Ltd <000882.SZ> :Says it names Yang Feng as chairman and general manager.

Hunan Friendship and Apollo Commercial revises FY 2016 net profit outlook

Wednesday, 28 Dec 2016 03:59am EST

Hunan Friendship and Apollo Commercial Co., Ltd.<002277.SZ>: Sees net profit for FY 2016 to decrease by 5 percent to increase by 5 percent, or to be 294.7 million yuan to 325.7 million yuan . In the previous release, it sees net profit for 2016 to decrease by 0 percent to 30 percent, or to be 217.1 million yuan to 310.2 million yuan . Says the net profit of 2015 was 310.2 million yuan .Comments that increased income from Q4 retail business, finance revenue and selling land are the main reasons for the forecast.

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