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Department Stores

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Netweek H1 net result turns to loss of EUR 0.4 mln

Tuesday, 12 Sep 2017 02:29am EDT

Sept 12 (Reuters) - NETWEEK SPA : :H1 NET LOSS EUR 0.4 MLN VS PROFIT EUR 33.7 MLN YEAR AGO.H1 REVENUE EUR 13.4 MLN VS EUR 13.2 MLN YEAR AGO.SAYS H1 2016 NET PROFIT OF EUR 33.7 MLN WAS ENTIRELY DUE TO THE EXTRAORDINARY EFFECTS ARISING FROM DEBT RESTRUCTURING.SHAREHOLDERS GRANT THE BOARD POWERS TO ISSUE SHARES AND CONVERTIBLE BONDS FOR UP TO EUR 30 MLN.

Wangfujing Group to merge with international business development firm

Monday, 21 Aug 2017 11:04am EDT

Aug 21 (Reuters) - Wangfujing Group Co Ltd <600859.SS> ::* Says it plans to issue 296,390,323 new shares and pay a total of 4.29 billion yuan to merge with international business development firm.* Says the company will survive and the international business development firm will be dissolved after merger .

Bon-Ton Stores reports Q2 loss per share $1.64

Thursday, 17 Aug 2017 06:30am EDT

Aug 17 (Reuters) - Bon-Ton Stores Inc :Bon-Ton stores Inc reports second quarter fiscal 2017 results.Q2 loss per share $1.64.Q2 sales fell 7 percent to $504.4 million.Sees FY 2017 GAAP loss per share $2.08 to $2.59.Qtrly ‍comparable store sales decreased 6.1% as compared with prior year period​.Bon-Ton Stores Inc - Reaffirmed its earnings guidance for full year fiscal 2017.Expect to achieve further cost reductions through continued rollout of profit improvement initiative.Bon-Ton Stores Inc - ‍Capital expenditures for 2017 not to exceed $30 million, net of external contribution​.Believe that cost reduction actions will drive improved performance in back half of year.Bon-Ton Stores Inc - Sees for FY17 a comparable sales decrease now ranging from 3.5% to 4.5%, which excludes sales from 53(rd) week.Bon-Ton Stores Inc sees 2017 gross margin rate decrease now ranging from 40 to 60 basis points.

Hangzhou Jiebai Group to merge with wholly owned unit

Tuesday, 15 Aug 2017 03:53am EDT

Aug 15(Reuters) - Hangzhou Jiebai Group Co Ltd <600814.SS>:Says it plans to merge with a Hangzhou-based wholly owned investment unit .Says the unit will be dissolved after merger.

Macy's Q2 same store sales fell 2.8 percent

Thursday, 10 Aug 2017 08:00am EDT

Aug 10 (Reuters) - Macy's Inc ::Macy's Inc reports second quarter earnings and reaffirms full-year guidance.Q2 earnings per share $0.48 excluding items.Q2 sales $5.552 billion versus I/B/E/S view $5.52 billion.Q2 same store sales fell 2.8 percent.Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.38.‍reaffirmed its sales and earnings guidance for full-year 2017​.MACY'S INC - ‍comparable sales on an owned basis were down 2.8 percent in Q2 and down 2.5 percent on an owned plus licensed basis​.‍"Will adapt our business in order to reach our goal of stabilizing brick-and-mortar business​".Macy's - ‍launch of a new loyalty program and new marketing strategy in fall, which co anticipates will further improve sales trend in back half of year​.FY earnings per share view $3.29, revenue view $24.67 billion -- Thomson Reuters I/B/E/S.Macy's - ‍will "adapt" business to reach goal of stabilizing brick-and-mortar business while "investing for accelerated growth in digital and mobile"​.

windeln.de Q2 ‍revenues up at EUR 54.6 mln

Wednesday, 9 Aug 2017 01:00am EDT

Aug 9 (Reuters) - WINDELN DE SE ::DGAP-NEWS: WINDELN.DE SE: WINDELN.DE WITH GOOD GROWTH AND IMPROVED PROFITABILITY IN THE SECOND QUARTER.‍REVENUES OF EUR 54.6 MILLION IN Q2 (H1: EUR 106.5 MILLION), A 21.6% INCREASE COMPARED TO SAME PERIOD OF PREVIOUS YEAR (H1: +15.8%)​.HIGHER ADJUSTED EBIT MARGIN OF -10.5% IN Q2 COMPARED TO SAME PERIOD OF PREVIOUS YEAR (-13.9%) AND Q1 OF 2017 (-14.0%).DEVELOPMENT IN Q2 SHOWS THAT WE ARE ON RIGHT TRACK TO ACHIEVING BREAK-EVEN ON BASIS OF ADJUSTED EBIT IN COURSE OF YEAR 2019.GROWTH DRIVER CHINA BUSINESS AND BUSINESS IN EUROPEAN COUNTRIES OUTSIDE OF DACH REGION.

Lanzhou Minbai Shareholding Group sees FY 2017 H1 net profit to increase by 80 pct to 110 pct

Friday, 28 Jul 2017 03:22am EDT

July 28(Reuters) - Lanzhou Minbai Shareholding Group Co Ltd <600738.SS> ::* Says net profit for FY 2017 H1 to increase by 80 percent to 110 percent, or to be 81.3 million yuan, compared to net profit of FY 2016 H1 (40 million yuan).* Says major assets restructuring as main reason for the forecast.

Kering not considering acquisitions in the short-term- deputy CEO

Thursday, 27 Jul 2017 01:31pm EDT

July 27 (Reuters) - Kering deputy CEO Jean-Francois Palus and Kering CFO Jean-Marc Duplaix tell a conference call with analysts::Cfo says one can expect some margin expansion at gucci in h2 but at slower pace than in h1.Kering cfo says about puma that the priority remains to improve profitability and cash flow.Kering cfo says eyes 150 refurbished gucci stores at end 2017 versus 109 at end june.Kering deputy ceo palus says group not considering any acquisitions in the short-term.Kering cfo says rise in euro currency to impact tourist flows, margins and prices but too early to quantify.Kering cfo says gucci operating margin should be around 30 percent for full year 2017.Kering CFO says Balenciaga may reach 1 billion euros mark in sales mid-term.

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