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Discount Stores

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Target to unveil new brands, thousands of exclusive gifts under $15 for holiday season

1:01am EDT

Oct 23 (Reuters) - Target Corp :Will unveil new brands and thousands of exclusive gifts under $15 for holiday season.From Nov 1, target.com to offer free shipping with no minimum purchase; number of stores that ship online orders increased to above 1,400.'Giftnow' on website to allow gift givers to send e-gift; recipient can accept, change color, size or pick anything different before shipping.Expanding Wondershop brand to include specialty food gifts and snacks like caramel popcorn, flavored coffees, gourmet nuts, chocolate truffles.

Fred's August same store sales fell 0.5 percent

Thursday, 31 Aug 2017 07:45am EDT

Aug 31 (Reuters) - Fred's Inc :Fred's reports August sales.August same store sales fell 0.5 percent.August sales $153 million versus $159.7 million.Fred's Inc - ‍comparable store sales for August negatively impacted by continued increase in generic dispensing rate.Fred's Inc - ‍comparable store sales for August negatively impacted also by 0.5% impact from sale of low productive discontinued inventory versus last year​.Fred's Inc- for August, decrease in total sales is related primarily to closure of 39 underperforming stores in Q1.

Dollar Tree reports Q2 EPS $0.98

Thursday, 24 Aug 2017 07:30am EDT

Aug 24 (Reuters) - Dollar Tree Inc :Dollar Tree reports results for the second quarter fiscal 2017.Sees FY 2017 earnings per share $4.44 to $4.60.Sees Q3 2017 sales $5.2 billion to $5.29 billion.Sees FY 2017 sales $22.07 billion to $22.28 billion.Q2 sales $5.28 billion versus I/B/E/S view $5.24 billion.Q2 same store sales rose 3.9 percent.Sees Q3 2017 earnings per share $0.83 to $0.90.Q2 earnings per share $0.98.Q2 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.Qtrly ‍same-store sales by segment: dollar tree +3.9 pct, family dollar +1.0 pct​.‍During quarter , co recorded $2.6 million, or $0.01 per diluted share, of impairment charges related to its receivable from Dollar Express​.Sees Q3 ‍ low single-digit increase in same-store sales for combined enterprise​.‍During quarter, company opened 133 stores, expanded or relocated 31 stores, and closed 34 stores​.Sees ‍FY low single-digit increase in same-store sales​.Q3 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $3.79 -- Thomson Reuters I/B/E/S.

Burlington Stores Q2 earnings per share $0.66

Thursday, 24 Aug 2017 06:45am EDT

Aug 24 (Reuters) - Burlington Stores Inc :Burlington Stores Inc reports second quarter 2017 results above guidance.Sees Q3 2017 adjusted earnings per share $0.58 to $0.61.Sees FY 2017 adjusted earnings per share $4.11 to $4.18.Q2 earnings per share $0.66.Sees FY 2017 sales up 8.4 to 8.9 percent.Sees Q3 2017 sales up 6.7 to 7.7 percent.Q2 sales $1.363 billion versus I/B/E/S view $1.35 billion.Q2 adjusted earnings per share $0.72.Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.59, revenue view $1.45 billion -- Thomson Reuters I/B/E/S.For FY17, comparable store sales to increase in range of 2% to 3% on top of a 3.7% increase during q3 of fiscal 2016.Qtrly merchandise inventories were $727 million versus $745 million last year.FY2017 earnings per share view $3.16, revenue view $5.54 billion -- Thomson Reuters I/B/E/S.For FY 2017 co expects to open 37 net new stores, and invest net capital expenditures of approximately $210-215 million.

B&M European Value Retail SA acquires Heron Food

Wednesday, 2 Aug 2017 03:16am EDT

Aug 2 (Reuters) - B&M European Value Retail Sa :ANNOUNCES ACQUISITION BY ITS SUBSIDIARY, EV RETAIL LIMITED, OF ENTIRE ISSUED SHARE CAPITAL OF HERON FOOD GROUP.TOTAL ENTERPRISE VALUE OF TRANSACTION IS £152M INCLUDING DEBT ASSUMED OF HERON GROUP.AN INITIAL CASH CONSIDERATION OF £112.1M WAS PAID BY B&M ON EXCHANGE AND COMPLETION OF ACQUISITION TODAY.B&M EUROPEAN VALUE RETAIL SA - INITIAL CASH CONSIDERATION WAS SATISFIED FROM B&M'S EXISTING CASH RESOURCES AND FACILITIES.BOARD EXPECTS ACQUISITION TO BE IMMEDIATELY EARNINGS ENHANCING.MICHAEL HEUCK IS RETIRING FROM BUSINESS AS PLANNED, ANDREW AND DAVID HEUCK REMAIN IN EXISTING ROLES WITH HERON.

Massmart total sales up 0.5 pct for 26 weeks to 25 June

Monday, 17 Jul 2017 07:10am EDT

July 17 (Reuters) - Massmart Holdings Ltd ::Sales Update For The 26 Weeks To 25 June 2017 .‍Massmart's total sales for 26 weeks to 25 June 2017 amounted to 42.5 bln rand, representing an increase of 0.5 pct​.Comparable store sales decreased by 1.6 pct. Product inflation is estimated at 3.2 pct for the 26 weeks to June 25.26 weeks to 25 June, total and comparable sales growths from South African stores were 1.7 pct and -0.2 pct respectively​.Total and comparable sales growths from our ex-SA stores in rands were -11.9 pct and -14.1 pct respectively 26 weeks to June 25.

Fred’s Pharmacy reports 1.6 pct fall in June same-store sales

Thursday, 6 Jul 2017 07:45am EDT

July 6 (Reuters) - Fred's Inc :Fred’S Pharmacy reports June sales.June same-store sales fell 1.6 percent.June sales fell 5.3 percent to $197.5 million.Says ‍fred's total sales for month decreased 5.3% year-over-year to $197.5 million from $208.5 million in June 2016​.Fred's Inc - comparable store sales for June included a negative 0.9% impact as a result of sale of low productive discontinued inventory.Fred's Inc- June combined retail and specialty pharmacy comparable store sales increased 3.5%.Fred's Inc - total sales for June decreased 5.3% year-over-year to $197.5 million from $208.5 million in June 2016.Says ‍decrease in June sales is related to closure of 39 underperforming stores in Q1 and continued pressure in front store business​.Fred's Inc - "Still expect to achieve operational profitability in Q4 of 2017".Fred's- ‍"lower than anticipated June sales and headwinds we are facing will impact our Q2 results, and we no longer expect sequential improvement from Q1".Says ‍total comparable store sales for month decreased 1.6% compared with a 1.3% decrease in comparable sales in prior year period​.Fred's - ‍"Front store sales continue to face headwinds in consumables categories, and cooler than average temperatures impacted summer seasonal sales"​.Fred's Inc - ‍in retail pharmacy, "continue to see a positive shift to generic," experience strong sales, script growth in specialty pharmacy business​.

Fred’S Pharmacy unanimously adopts short-term shareholder rights plan

Wednesday, 28 Jun 2017 09:00am EDT

June 28 (Reuters) - Fred's Inc :fred’s pharmacy unanimously adopts short-term shareholder rights plan.Fred's inc - board unanimously adopted short-term rights plan.Fred's - pursuant to short-term rights plan, company is issuing one right for each share of common stock outstanding at close of business on july 7, 2017..Fred's inc - sets trigger at 10 percent.Fred's inc - the rights will expire on september 25, 2017; company's board of directors may redeem rights for $0.01 per right.

Dollarama reports Q1 earnings per share of C$0.82

Wednesday, 7 Jun 2017 07:00am EDT

June 7 (Reuters) - Dollarama Inc :Dollarama reports first quarter results and renews normal course issuer bid.Q1 sales C$704.9 million versus I/B/E/S view c$716 million.Q1 earnings per share C$0.82.Q1 earnings per share view c$0.79 -- Thomson Reuters I/B/E/S.Dollarama Inc says renewal of NCIB and approval from TSX to purchase for cancellation up to 5.7 million common shares.Dollarama Inc qtrly comparable store sales grew 4.6%, over and above a 6.6% increase previous year.Dollarama Inc - gross margin was 37.6% of sales in Q1 of fiscal 2018, compared to 37.0% of sales in Q1 of fiscal 2017.Sees 2018 capital expenditures $90.0 million to $100.0 million.Sees 2018 gross margin 37.5% to 38.5%.Sees 2018 EBITDA margin 22.0% to 23.5%.Dollarama Inc says purchases under NCIB may commence on June 19, 2017 and will terminate no later than June 18, 2018.Dollarama Inc sees fiscal 2018 net new stores between 60 stores to 70 stores.

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