Edition:
United States

Department Stores

Page 3

Kunming Sinobright Group terminates cooperation with GiAND

Wednesday, 12 Oct 2016 07:52am EDT

Kunming Sinobright Group Co Ltd <000560.SZ> :Says its investment unit terminates cooperation with GiAND, a Guangzhou mechanical and electrical company.

Nanjing Xinjiekou Department Store buys 20 pct stake in Cordlife Group

Wednesday, 12 Oct 2016 04:37am EDT

Nanjing Xinjiekou Department Store Co Ltd <600682.SS>: Says it acquired 20 percent stake in Cordlife Group Ltd , from Wells Spring Pte Ltd, Providence Investment Pte Ltd and Coop International Pte Ltd .Says transaction price of S$86.6 million.

Verimark H1 HEPS 2.2 cents vs loss of 3.6 cents per share

Wednesday, 12 Oct 2016 01:05am EDT

Verimark Holdings Limited : Unaudited Condensed Consolidated Interim Results For The Six Months Ended 31 August 2016 . Revenue from continuing operations up 0.5 pct to r184.4 million for 6 months ended Aug 31 (2015: r183.5 million) . Headline earnings per share for 6 months ended Aug 31 2.2 cents per share (2015: loss of 3.6 cents per share) . Basic earnings per share ("Eps") for 6 months ended Aug 31 at 2.2 cents per share (2015: loss of 3.7 cents per share) . Net asset value per share for 6 months ended Aug 31 at 117.7 cents per share (2015: 107.6 cents per share) . As a result of ongoing depreciation of rand against us dollar, it became necessary for Verimark to increase selling prices in mid-February 2016 . Board has considered it prudent not to declare a dividend . Declining business confidence in South Africa is expected to continue beyond 2016 . Given economic challenges and uncertainty around rand exchange rate, verimark is exploring a number of diversification strategies locally, as well as internationally .Also testing sourcing of locally produced products.

Verimark Holdings Non-Exec Chairman James Motlatsi retires

Thursday, 6 Oct 2016 11:20am EDT

Verimark Holdings Ltd VMKJ.J>: Changes To Board Chairman . James Motlatsi has retired as independent non-executive chairman of board with effect from Thursday Oct 6, 2016 .Mitesh Patel has been appointed as independent non-executive chairman of board with effect from Thursday Oct 6, 2016.

AT&T announces new strategic relationship with Amazon Web Services

Thursday, 6 Oct 2016 06:00am EDT

AT&T Inc : AT&T announces new strategic relationship with Amazon Web Services to integrate cloud and networking capabilities . Reached a multi-year, strategic alliance agreement with amazon web services .As part of alliance with AWS, solutions are intended to span cloud networking, mobility, internet of things (IoT), security and analytics.

Inverfal Peru increases stake in Falabella Peru to 19 pct

Wednesday, 5 Oct 2016 05:08am EDT

Falabella Peru SAA :Said on Tuesday Inverfal Peru has increased its stake in Falabella Peru to 19 percent from 14 percent while purchasing 115.6 million shares at 5.04 soles ($1.5).

Woolworths Holdings to buy Australia Politix

Wednesday, 5 Oct 2016 01:05am EDT

Woolworths Holdings Ltd :Entered deal to buy Politix; proposed acquisition to be funded through internal resources, is expected to EPS accretive.

Metro Holdings notes unusual price and volume movements of shares of co

Tuesday, 4 Oct 2016 05:45am EDT

Metro Holdings : Noted Bloomberg report this morning entitled - "activist investor Quarz urges Singapore's Metro to return cash" - citing a letter from Quarz Capital Management .Save as aforesaid, not aware of circumstances or developments that might give rise to unusual price and volume movements.

J C Penney Co spokeswoman- no intention of discontinuing relationship with Welspun

Monday, 3 Oct 2016 11:00am EDT

J C Penney Co Inc : Says no intention of discontinuing relationship with welspun, offering refund on certain Royal Velvet items made by Welspun . Spokeswoman - Welspun unable to provide assurances needed to confirm that 100 percent of cotton fibers used were Egyptian grown Further company coverage: [JCP.N] ((bangalore.newsroom@thomsonreuters.com;)).

American Express Canada to offer Canadians a new way to pay with points

Monday, 3 Oct 2016 06:00am EDT

American Express Co :American Express Canada to allow membership rewards points to be redeemed for purchases on amazon.ca. Canadian cardmembers enrolled in membership rewards program.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary