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Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg

Friday, 19 Aug 2016 11:28am EDT

: Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg . Target Corp says discovered last month that 750,000 sheets and pillowcases labeled Egyptian cotton were made with another type of cotton - Bloomberg . Target says informed Welspun that, due to this conduct, in the process of terminating relationship with them - Bloomberg . Target says phasing out all of its products from Welspun - Bloomberg .Target says withdrawal includes two lines of Egyptian cotton bedding, and not all of its Egyptian cotton sheets are affected- Bloomberg.

Tuesday Morning Q4 loss per share $0.09

Friday, 19 Aug 2016 08:00am EDT

Tuesday Morning Corp : Q4 loss per share $0.09 . Q4 sales $222.8 million versus i/b/e/s view $228.5 million . Q4 same store sales rose 6 percent . Q4 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Quarterly comparable store sales increased 6.0 percent . Company currently expects to invest capital of about $40 million to $45 million in fiscal 2017 . Inventories at end of Q4 of fiscal 2016 were $242.3 million compared to $210.0 million at end of Q4 of fiscal 2015 .Currently expects to invest capital of about $40 million to $45 million in fiscal 2017.

Target Q2 comparable sales decrease 1.1 pct

Wednesday, 17 Aug 2016 06:47am EDT

Target Corp : Q2 comparable sales decreased 1.1 percent . Q2 GAAP EPS from continuing operations of $1.07 and adjusted EPS of $1.23 . Q2 sales $16,169 million versus $17,427 million . Q2 earnings per share view $1.12, revenue view $16.18 billion -- Thomson Reuters I/B/E/S . Quarterly digital channel sales increased 16 percent. . 44-Cent difference between FY guidance ranges for GAAP EPS from continuing operations and adjusted EPS reflects early debt retirement losses already reported in 2016 . FY2016 earnings per share view $4.72 -- Thomson Reuters I/B/E/S . On pace to exceed its goal to save $2 billion in costs over 2-year period ending in 2016 . Sees FY 2016 GAAP earnings per share $4.36 to $4.76 from continuing operations . Sees FY 2016 adjusted earnings per share $4.80 to $5.20 . Quarterly comparable sales growth in signature categories outpaced total comparable sales by about 3 percentage points . In Q3 2016, target expects both GAAP EPS from continuing operations and adjusted EPS of $0.75 to $0.95 . In both third and fourth quarters of 2016, target now expects comparable sales growth in range of down 2.0 percent to flat . Based on current retail environment company believes it is prudent to lower expectations for comparable sales in second half of year . "We are planning for a challenging environment in back half of year".

BIM Birlesik Magazalar revises 2016 sales growth outlook to 15 pct

Tuesday, 16 Aug 2016 12:20pm EDT

BIM Birlesik Magazalar AS : Revises 2016 sales growth target outlook to 15 percent from 20 percent .Says first six months of the year sales growth realised at 16 percent, below targeted 20 percent.

BIM Birlesik Magazalar Q2 net profit down at 143.9 mln lira

Tuesday, 16 Aug 2016 11:56am EDT

BIM Birlesik Magazalar AS : Q2 net profit of 143.9 million lira ($49.18 million) versus 149.6 million lira year ago .Q2 revenue of 4.97 billion lira versus 4.35 billion lira year ago.

BRIEF-Vipshop says sees Q3 2016 revenue RMB 11.9 bln-RMB 12.4 bln

Monday, 15 Aug 2016 04:05pm EDT

Vipshop Holdings Ltd : Vipshop reports unaudited second quarter 2016 financial results . Sees Q3 2016 revenue RMB 11.9 billion to RMB 12.4 billion . Vipshop reports unaudited second quarter 2016 financial results . Q2 revenue RMB 13.44 billion versus I/B/E/S view RMB 12.61 billion . Qtrly net income attributable to Vipshop's shareholders per diluted ADS increased to US$0.11 .Qtrly non-GAAP net income attributable to Vipshop's shareholders per diluted ADS increased to US$0.17.

BIG C Supercenter says qtrly net profit 2.23 bln baht

Monday, 15 Aug 2016 07:18am EDT

Big C Supercenter PCL : Qtrly net profit 2.23 billion baht versus 1.98 billion baht .

Shindoo Chemi-industry unit signs cooperation contracts with Vipshop Holdings Ltd and Tuniu Corp

Monday, 15 Aug 2016 02:16am EDT

Shindoo Chemi-industry Co Ltd <002539.SZ>: Says the co's wholly owned unit, an online retailer company, entered into strategy cooperation framework agreements with Vipshop Holdings Ltd and Tuniu Corp . Says the co and Vipshop Holdings Ltd will share the resources of users and jointly develop business in secondary and tertiary markets .Says the co and Tuniu Corp will cooperate on building tour E-commerce platform towards small-medium cities.

Europris Q2 adjusted EBITDA rises to NOK 191 million

Thursday, 11 Aug 2016 01:00am EDT

Europris Asa : Q2 total revenues 1.25 billion Norwegian crowns ($150 million), up 13 per cent from 1.10 billion crowns in Q2 of 2015. .Q2 adjusted EBITDA 191 million crowns versus 168 million crowns year ago.

Ocado sees Morrisons deal to be earnings accretive

Tuesday, 9 Aug 2016 02:39am EDT

Ocado Group Plc : Does not expect to incur significant additional capital expenditure .Expects agreements with wm morrisons to be earnings accretive, limited impact on its profit before exceptionals in current or 2017 FY.

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