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Discount Stores

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Watts announces reorganization between subsidiaries

Monday, 18 Apr 2016 02:30am EDT

Watts Co Ltd:Says wholly owned Osaka-based subsidiary to transfer its business in West Japan to a wholly owned Okayama-based subsidiary planned on Sep. 1.Says the wholly owned Osaka-based subsidiary to merge a wholly owned Hokkaido-based subsidiary planned on Sep. 1 and the Hokkaido-based subsidiary to be dissolved after merger.Says the three subsidiaries are engaged in wholesale and retail of daily necessities.

Dollar General announces corporate restructuring to drive stronger growth

Tuesday, 13 Oct 2015 04:30pm EDT

Dollar General Corp :Announces corporate restructuring to drive stronger growth.Says is restructuring its corporate support functions to eliminate approximately 255 positions.Says substantially all of the eliminations are effective immediately.Currently projects that it will incur a pre-tax cash expense of approximately $7 million in the third quarter of 2015.Says restructuring includes approximately 115 vacant positions.Expects to continue its expense control and reduction initiative by implementing a more rigorous budgeting process.Says positions at the store level will not be impacted by this restructuring.Says all impacted employees have been notified.

Dream Vision announces result of early-retirement program

Wednesday, 1 Apr 2015 04:00am EDT

Dream Vision Co Ltd:Says 51 employees took up the offer of the early-retirement program announced on Feb. 12.

Target Corp speeds up its Canadian exit, plans to wind up all stores by mid-April - The Canadian Press

Saturday, 28 Mar 2015 08:00pm EDT

Target Corp:Is planning to close all of its Canadian stores even faster than originally planned - The Canadian Press.A court-appointed monitor overseeing the windup of the Target Canada stores says all 133 locations across the country will be permanently shut down by 'as early as mid-April,' which is about a month ahead of schedule.Some locations have already ceased operations — 17 stores closed in the middle of March.Another six Target locations will shutter on March 30, while 23 are slated for closure on April 1, and 32 more on April 2.All stores are expected to be closed to the public as early as mid-April 2015.

Dream Vision announces early-retirement program

Thursday, 12 Feb 2015 01:40am EST

Dream Vision Co Ltd:To offer early-retirement program during the period from March 2 to March 13.Expects about 50 employees to take up the offer, with retirement date March 31.To offer outplacement service and retirement payment to the employees.

Target Corp announces plans to discontinue Canadian Operations

Thursday, 15 Jan 2015 08:19am EST

Target Corp:Says it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co. (Target Canada).Says as a part of that process, this morning Target Canada filed an application for protection under the Companies' Creditors Arrangement Act (the CCAA) with the Ontario Superior Court of Justice (Commercial List) in Toronto (the Court).Expects to report about $5.4 bln of pre-tax losses on discontinued operations in the Q4 2014.Expects to report about $275 mln of pre-tax losses on discontinued operations in FY 2015.Says as a result of the decision announced on Jan. 15, Target Corp will operate as a single segment that includes all U.S. operations.

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