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Department Stores

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J.Front Retailing says merger of two units

Tuesday, 28 Jun 2016 02:03am EDT

J.Front Retailing <3086.T>: Says a Tokyo-based department store wholly owned subsidiary will merge with an Osaka-based real estate lease wholly owned subsidiary on Sep. 1 .Says the Tokyo-based subsidiary will remain and the Osaka-based subsidiary will dissolve after merger.

Gordmans Stores posts Q1 loss per share $0.08

Friday, 20 May 2016 07:00am EDT

Gordmans Stores Inc Sees Mid : Gordmans Stores, Inc. announces first quarter 2016 results . Sees Q2 loss per share $0.25 to $0.29 . Q1 loss per share $0.08 . Q1 same store sales fell 5 percent . Sees Q2 2016 sales $139 million to $142 million . Q1 revenue $142.2 million . Single digit decrease in comparable store sales for Q2 . Expects Q2 gross profit margin to be lower than last year "due to an increase in markdowns as it continues to manage inventory" . "during Q1 we commenced a comprehensive expense review with assistance of a retail industry leading consulting firm" . Identified significant potential cost saving opportunities throughout organization .Will begin implementing cost saving initiatives in Q2 and expect to start realizing savings in fall season.

Hangzhou Jiebai Group to transfer assets and liabilities to unit

Monday, 11 Apr 2016 08:00pm EDT

Hangzhou Jiebai Group Co Ltd:Says company to transfer part of assets and liabilities to wholly-owned unit, a commercial company, to adjust and refine operating structure.Says assets and liabilities to be transferred are valued at 1.15 billion yuan and 387.9 million yuan respectively.

Matsuya to merge Tokyo-based subsidiary

Thursday, 31 Mar 2016 02:00am EDT

Matsuya Co Ltd:Says to merge a wholly owned Tokyo-based subsidiary that engaged in management and brokerage business of wedding place, banquet place and meeting place.Says subsidiary to be dissolved after merger.Planned effective July 1.

Dmail Group SpA composition with creditors approved

Sunday, 21 Feb 2016 07:00pm EST

Dmail Group SpA:Said on Monday that 91.82 percent of creditors approved its composition with creditors for 30.4 million euro credits.

Isetan Mitsukoshi Holdings to transfer business to subsidiary

Thursday, 28 Jan 2016 11:00pm EST

Isetan Mitsukoshi Holdings Ltd:Says to transfer investment business to a new wholly owned subsidiary that established on Jan. 20 in Japan.Planned effective April 1.

Matsuya unit to transfer business to co's new subsidiary

Thursday, 14 Jan 2016 01:00am EST

Matsuya Co Ltd:Says its Tokyo-based subsidiary to transfer whole wedding business to the co's new subsidiary which to be established on April 1.

Macy's Inc outlines cost efficiency initiatives and lists store locations to be closed

Wednesday, 6 Jan 2016 04:00pm EST

Macy's Inc:Says measures that will reduce sg&a expense by approximately $400 million.Says consolidating the grouping of existing macy's stores into five Regions and 47 local districts.Says reducing an additional 600 positions in back-office organizations.Company today listed 40 macy's store closings.Of the 40, 36 will be closed in early spring 2016.Approximately $200 million of charges, of which about $165 million is expected to be cash, are expected to be booked in Q4 of 2015.Average of 3 to 4 positions to be affected in macy's and bloomingdale's about 770 going-forward stores, for 3,000 affected associates nationwide.Approximately 35 percent of executive positions granted voluntary separation opportunity, will not be replaced.

Zhongxing Shenyang Commercial Building Group to dissolve wholly owned subsidiary

Wednesday, 30 Dec 2015 07:00pm EST

Zhongxing Shenyang Commercial Building Group Co Ltd:To dissolve a wholly owned Fushun-based commerce subsidiary.

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