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Department Stores

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Sears Holdings Q1 earnings per share $2.28

Thursday, 25 May 2017 06:00am EDT

May 25 (Reuters) - Sears Holdings Corp ::Sears holdings reports first quarter 2017 results.Q1 revenue $4.3 billion versus $5.4 billion.Q1 earnings per share $2.28.Q1 adjusted loss per share $2.15.Sears Holdings Corp - on may 15, 2017, company entered into an agreement to annuitize $515 million of pension liability with MLIC.Sears Holdings Corp says "this was certainly a challenging quarter for our company".Sears Holdings Corp says "are moving decisively with our $1.25 billion restructuring program".Sears Holdings - agreement to annuitize pension liability with MLIC is expected to have an immaterial impact on funded status of total pension obligations.Sears Holdings Corp says at KMart, comparable store sales decreased 11.2% during Q1 of 2017.Q1 same store sales fell 11.9 percent.Sears Holdings Corp says sears domestic comparable store sales decreased 12.4% during quarter.

Bon-Ton Stores reports Q1 loss per share $2.86

Thursday, 18 May 2017 06:30am EDT

May 18 (Reuters) - Bon-ton Stores Inc :Reports first quarter fiscal 2017 results.Sees FY 2017 loss per share $2.08 to $2.59.Q1 loss per share $2.86.Q1 sales fell 9.3 percent to $536.1 million.Q1 same store sales fell 8.8 percent.Qtrly comparable store sales decreased 8.8% as compared with prior year period.Bon-Ton Stores says "Q1 results did not meet our expectations due primarily to weak mall traffic trends, unfavorable weather" among other things.Bon-Ton Stores Inc says "We expect to achieve additional cost reductions in fiscal 2017 through rollout of our internal profit improvement initiative".Sees FY 2017 comparable sales decrease now ranging from 3.0% to 4.0%, which excludes sales from 53rd week.Sees FY 2017 capital expenditures not to exceed $30 million, net of external contributions.

Grand Department store to merge with subsidiary Grand Holdings

Wednesday, 26 Apr 2017 04:12am EDT

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.

Tokmanni Q1 adjusted EBIT loss widens to EUR 5.2 mln

Wednesday, 26 Apr 2017 01:30am EDT

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

Thursday, 13 Apr 2017 03:58pm EDT

: JC PenneY postponing store closures and liquidation sales- CNBC ((Bangalore.newsroom@thomsonreuters.com;)).

Detsky Mir Q1 retail revenue up 26.8% to RUB 20.8 bln

Monday, 10 Apr 2017 03:13am EDT

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 announces placement of 355 million shares

Thursday, 6 Apr 2017 10:19am EDT

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 to reform hotel branch to wholly owned subsidiary with 48 mln yuan

Tuesday, 4 Apr 2017 10:40pm EDT

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 Company Q4 loss per share $0.83

Tuesday, 4 Apr 2017 04:30pm EDT

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 says new regional structure for Australasian units

Friday, 24 Mar 2017 01:05am EDT

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.

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