Retail - Department Stores

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PARCO CO LTD to dissolve China-based subsidiary

Wednesday, 11 Dec 2013 01:00am EST

PARCO CO LTD:Says to dissolve a wholly owned subsidiary, which has been engaged in commercial facility consulting business in China.Says dissolution will be completed in June 2014.

Chongqing Department Store Co Ltd to Close Supermarkets

Friday, 15 Nov 2013 07:00pm EST

Chongqing Department Store Co Ltd announced that it will close Dashiba supermarket and Jiangbei supermarket.

Sears Canada Inc Closes Five Stores - Reuters

Tuesday, 29 Oct 2013 09:00am EDT

Reuters reported that Sears Canada Inc will close its flagship downtown Toronto store and four other locations in a CAD400 million ($383 million) deal, the Company said on October 29, 2013. The Canadian department store chain, controlled by Sears Holdings Corp, will terminate the leases and return the locations to the landlords.

Chongqing Department Store Co Ltd to Close Store

Friday, 25 Oct 2013 08:00pm EDT

Chongqing Department Store Co Ltd announced that it has decided to close its Chuqimen-based store, due to the impact of the demolition of surrounding areas.

Bon-Ton Stores Inc Announces January Closing Of Its Bon-Ton Scranton, PA Location

Thursday, 17 Oct 2013 10:00am EDT

Bon-Ton Stores, Inc announced that it will close its Bon-Ton store in The Mall at Steamtown in Scranton, Pennsylvania. The Company will not renew the lease, which terminates January 31, 2014. The closing will impact approximately 50 associates at this location. The Bon-Ton acquired the leasehold interests in the Scranton store in 2000. The Company does not expect costs associated with the closing of the location to be material. The store will close at the end of its lease term.

Stockmann Oyj Abp Plans to Restructure Marketing Organization within Department Store Division; Changes to Potentially Result in Personnel Reduction of Up to 70 People

Wednesday, 16 Oct 2013 03:00am EDT

Stockmann Oyj Abp announced that the Company is planning to restructure its Department Store Division’s marketing organization in order to improve the efficiency of marketing processes and to achieve cost savings. This will also allow it to better meet the requirements of the changing media environment. As a consequence of the new organizational model being planned, Stockmann will be launching statutory co-determination negotiations covering about 150 employees in the Department Store Division’s marketing operations in Finland. The negotiation proposal states that the restructuring could lead to a personnel reduction of up to 70 people. Stockmann is targeting annual cost savings of approximately EUR 4 million, which would be implemented to start in 2014 and in full during 2015.

J.Front Retailing Co Ltd's Subsidiary to Offer Early Retirement; Expects Extraordinary Loss for FY 2014 - MSN Sankei

Tuesday, 8 Oct 2013 11:05pm EDT

MSN Sankei reported that J.Front Retailing Co Ltd's subsidiary Daimaru Matsuzakaya Department Stores Co.Ltd has resolved to offer an early retirement to approximately 200 employees. The Company has transferred approximately 770 employees to other group companies in September. Around 1,000 employees are replaced or retired after the reorganization. The Company is expecting an extraordinary loss of approximately JPY 4.8 billion, due to this development, for the fiscal year ending February 2014.

FELISSIMO CORP Cancels Dissolution of United States-based Subsidiary

Tuesday, 24 Sep 2013 06:30am EDT

FELISSIMO CORP announced that it has canceled the dissolution plan of its United States-based wholly owned subsidiary, Felissimo Universal Corporation of America, which was announced on September 19, 2013. The subsidiary is engaged in the real estate leasing and maintenance business.

FELISSIMO CORP to Dissolve United States-based Subsidiary

Thursday, 19 Sep 2013 02:00am EDT

FELISSIMO CORP announced that it will dissolve its United States-based wholly owned subsidiary, Felissimo Universal Corporation of America, which engages in the real estate leasing and maintenance business. The liquidation will be completed by the end of December 2013.

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Provider: Bohai Securities Co.,Ltd.
$23.00
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$12.00
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