April 26 (Reuters) - Grand Department store Co Ltd <019010.KQ> ::* Says it will merge with wholly owned subsidiary Grand Holdings, a real estate firm .* Says merger ratio is 1:0 between the co and the unit.* The unit will be dissolved after merger.* Merger effective date is June 30.
April 26 (Reuters) - TOKMANNI GROUP OYJ ::Q1 REVENUE EUR 156.6 MILLION VERSUS EUR 158.3 MILLION YEAR AGO.TOKMANNI'S SHORT TERM OUTLOOK 2017 UNCHANGED.EXPECTS GOOD REVENUE GROWTH FOR 2017 BASED ON REVENUE FROM NEW STORES OPENED IN 2016 AND 2017 AND LOW SINGLE DIGIT LIKE-FOR LIKE REVENUE GROWTH.2017 GROUP PROFITABILITY (ADJUSTED EBITDA%) IS EXPECTED TO IMPROVE FROM PREVIOUS YEAR.Q1 ADJUSTED. EBIT LOSS EUR 5.2 MILLION VERSUS LOSS EUR 1.7 MILLION YEAR AGO.
: JC PenneY postponing store closures and liquidation sales- CNBC ((Bangalore.firstname.lastname@example.org;)).
Detsky Mir : Q1 consolidated retail revenues up 26.8 percent to 20.8 billion roubles ($362.01 million) . Q1 like-for-like sales up 11.2 percent in Russia . The number of tickets grew by 13.3 percent, the average ticket price declined by 1.9 percent in Q1 . In Q1 two Detsky Mir branded stores were opened .To continue its expanding in 2017 by opening at least 70 new super- and hypermarkets.
Dx.Com Holdings Ltd <8086.HK>: Company and placing agent entered into placing agreement . Net proceeds of the placement agreement will be approximately hk$41.5 million . Co to place through placing agent, on a best endeavour basis, up to 355 million placing shares, to not less than six placees . Net proceeds from placing will be used for business development and investment opportunities of group .Placing price of hk$0.122 per placing share.
Lanzhou Minbai Shareholding Group Co Ltd <600738.SS> :Says it will reform its Lanzhou-based hotel branch to wholly owned subsidiary, which will be capitalized at 48 million yuan.
Hudson's Bay Co : Hudson’S Bay Company reports fourth quarter and fiscal 2016 financial results . Q4 retail sales increased 2.5% to $4.6 billion . Q4 comparable digital sales increased 13.3% on a constant currency basis . $75 million in annualized savings expected from initiative announced as part of company's ongoing comprehensive operational review . Q4 results include a non-cash goodwill impairment charge of $116 million related to HBC off price . Net capital investments in fiscal 2017 are expected to be between $450 million and $550 million . Inventory at end of Q4 decreased by $28 million compared to prior year . Qtrly loss per share $0.83 . Company expects to combine inventory at Saks OFF 5th and Gilt by end of year . Currently engaged in a cross-banner review of "productivity enhancements designed to make improvements in company's operating model" . Still believe both Saks OFF 5th and Gilt have "strong strategies in place with potential to generate long term profitable growth" . Gross capital investment is expected to be between $1,025 million and $1,125 million in 2017 .Q4 revenue view C$4.48 billion -- Thomson Reuters I/B/E/S.
Woolworths Holdings Ltd - : Announce a new regional structure for its Australasian businesses, David Jones and Country Road Group .New regional structure will have no impact on combined headcount of David Jones and Country Road Group businesses.
Bon-ton Stores Inc : The bon-ton stores, inc. Reports fourth quarter and fiscal 2016 results . Q4 sales fell 5.5 percent to $877.3 million . Bon-Ton stores inc - qtrly comparable store sales decreased 4.7% as compared with prior year period. . Bon-Ton stores inc says comparable store sales in q4 of fiscal 2016 decreased 4.7% . Bon-Ton stores inc- for fiscal 2017, company expects loss per diluted share to be in a range of $2.08 to $2.59 . Bon-Ton stores inc sees for fiscal 2017 capital expenditures not to exceed $30 million, net of external contributions . Bon-Ton stores inc- company expects to decrease debt by approximately $20 million to $30 million by end of fiscal 2017 . Bon-Ton stores inc - full-year guidance comparable sales decrease ranging from 2.0% to 3.0%, which excludes sales from 53(rd) week .Bon-Ton stores inc - qtrly diluted earnings per share $2.09.
J C Penney Company Inc : J C Penney announces plan to optimize retail operations, advance growth and drive profitability . J C Penney Company Inc says under plan, company expects to close two distribution facilities and approximately 130 - 140 stores over next few months . J C Penney Company Inc - decided to initiate a voluntary early retirement program for approximately 6,000 eligible associates . J C Penney Company Inc - as a result of store actions, J C Penney will close a distribution center located in Lakeland, Fla. In early June . J C Penney - total store closures represent approximately 13 - 14 % of company's current store portfolio, less than 5% of total annual sales . J C Penney Company - also is in process of selling its supply chain facility in Buena Park, Calif. In an effort to monetize a lucrative real estate asset . J C Penney Company Inc says associates who will be impacted by store and distribution center closures will receive separation benefits . J C Penney Company Inc - total store closures represent approximately less than 2% of EBITDA and 0% of net income . J C Penney Company Inc - annual cost savings resulting from these strategic decisions are estimated at approximately $200 mln . J C Penney Company Inc - during first half of 2017, company expects to record an estimated pre-tax charge of approximately $225 mln.