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Sears Holdings Announces Plan To Enhance Liquidity And Accelerate Return To Profitability

Wednesday, 10 Jan 2018 07:00am EST

Jan 10 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS ANNOUNCES PLAN TO ENHANCE LIQUIDITY AND ACCELERATE RETURN TO PROFITABILITY.RAISED $100 MILLION IN NEW FINANCING.HAS ALSO INITIATED SERIES OF FINANCIAL TRANSACTIONS TO RAISE AN INCREMENTAL $300 MILLION IN NEW LIQUIDITY.PURSUES AN ADDITIONAL $200 MILLION​ IN NEW FINANCING.SEARS HOLDINGS - AMENDED SECOND LIEN NOTES, MATURING OCTOBER 15, 2018, TO INCREASE BORROWING BASE ADVANCE RATE FOR INVENTORY, RESTART WITH Q2 OF 2018.SEARS HOLDINGS -‍​ PROGRESSING DISCUSSIONS ON ADDITIONAL TRANSACTIONS TO "ENHANCE LIQUIDITY AND STRENGTHEN BALANCE SHEET".OUTLINED INCREMENTAL ACTIONS TO FURTHER STREAMLINE OPERATIONS TO DRIVE PROFITABILITY.SEARS HOLDINGS - ACTIONS TO STREAMLINE OPERATIONS INCLUDE COST REDUCTIONS OF $200 MILLION ON ANNUALIZED BASIS IN 2018 UNRELATED TO STORE CLOSURES.SEARS HOLDINGS - AMENDED BORROWING BASE RELATING TO ITS SECOND LIEN NOTES, MATURING OCT 15, TO CHANGE ADVANCE RATE FOR INVENTORY TO 75% FROM 65%.ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN NEGATIVE $10 MILLION TO NEGATIVE $70 MILLION FOR Q4 OF 2017.- EXPECT NET LOSS ATTRIBUTABLE TO SEARS HOLDINGS' SHAREHOLDERS OF BETWEEN $320 MILLION AND $200 MILLION IN Q4 OF 2017.COMPARABLE STORE SALES AT SEARS AND KMART FOR FIRST TWO MONTHS OF Q4 OF 2017 HAVE DECLINED IN RANGE OF 16%-17%.SEARS HOLDINGS - CONTINUING TO PURSUE SECURED CREDIT FACILITY, CONSISTING OF ABOUT $407 MILLION FIRST LIEN TRANCHE, SECOND LIEN TRANCHE OF UP TO $200 MILLION.

Maoye Commercial unit to sell real estate firm for 8.7 mln yuan

Wednesday, 10 Jan 2018 04:51am EST

Jan 10 (Reuters) - Maoye Commercial Co Ltd <600828.SS>:Says Chengdu-based real estate unit will sell 100 percent stake in Qinhuangdao-based real estate firm for 8.7 million yuan in total .

Maoye Commercial unit to sell real estate firm for 8.7 mln yuan

Wednesday, 10 Jan 2018 04:51am EST

Jan 10 (Reuters) - Maoye Commercial Co Ltd <600828.SS>:Says Chengdu-based real estate unit will sell 100 percent stake in Qinhuangdao-based real estate firm for 8.7 million yuan in total .

Zhongxing Shenyang Commercial Building's Chairman Resigns Due To Change In Job Role

Wednesday, 10 Jan 2018 04:37am EST

Jan 10 (Reuters) - Zhongxing Shenyang Commercial Building Group Co Ltd <000715.SZ>::SAYS CHAIRMAN LI XIAOHANG RESIGNS DUE TO CHANGE IN JOB ROLE.

Maoye International Holdings ‍Disposes Entire Stake In Qinhuangdao Maoye Land And Real Estate Development ​

Tuesday, 9 Jan 2018 05:43am EST

Jan 9 (Reuters) - Maoye International Holdings Ltd <0848.HK>::‍ANNOUNCES DISPOSAL OF ENTIRE STAKE IN QINHUANGDAO MAOYE LAND AND REAL ESTATE DEVELOPMENT FOR RMB 8.7 MILLION ​.ANNOUNCES DISPOSAL OF ‍ QINHUANGDAO MAOYE LAND AND REAL ESTATE DEVELOPMENT TO MAOYE HOLDINGS (CHINA) LIMITED​.

Nordstrom Rack President Karen McKibbin To Retire

Monday, 8 Jan 2018 05:02pm EST

Jan 8 (Reuters) - Nordstrom Inc ::NORDSTROM - GEEVY THOMAS, CHIEF INNOVATION OFFICER, WILL SUCCEED KAREN MCKIBBIN.NORDSTROM RACK PRESIDENT KAREN MCKIBBIN TO RETIRE.

Five Below Inc Announces Holiday Sales Results For Quarter-To-Date Through Jan 6

Monday, 8 Jan 2018 09:00am EST

Jan 8 (Reuters) - Five Below Inc ::FIVE BELOW, INC. ANNOUNCES HOLIDAY SALES RESULTS FOR QUARTER-TO-DATE THROUGH JANUARY 6, 2018; EXPECTS FOURTH QUARTER AND FISCAL 2017 RESULTS NEAR HIGH END OF PREVIOUSLY PROVIDED GUIDANCE.SEES FY 2017 EARNINGS PER SHARE $1.72 TO $1.79.SEES Q4 2017 EARNINGS PER SHARE $1.09 TO $1.16.SEES Q4 2017 SALES $491 MILLION TO $503 MILLION.SEES FY 2017 SALES $1.264 BILLION TO $1.276 BILLION.- SEES COMPARABLE SALES INCREASE OF 4% TO 6% IN Q4 2017.SEES ‍ FULL YEAR FISCAL 2017 COMPARABLE SALES INCREASE OF 5.7% TO 6.5%​.Q4 EARNINGS PER SHARE VIEW $1.17, REVENUE VIEW $501.1 MILLION -- THOMSON REUTERS I/B/E/S.FY2017 REVENUE VIEW $999.8 MILLION -- THOMSON REUTERS I/B/E/S.

Kohl's Corp Expects Fiscal 2017 EPS To Be $4.10 To $4.20

Monday, 8 Jan 2018 07:00am EST

Jan 8 (Reuters) - Kohls Corp ::FY2017 EARNINGS PER SHARE VIEW $3.64 -- THOMSON REUTERS I/B/E/S.KOHLS - ‍BASED ON "STRONGER THAN EXPECTED" HOLIDAY SALES, NOW EXPECTS ITS FISCAL 2017 EPS TO BE $4.10 TO $4.20 VERSUS PREVIOUS GUIDANCE OF $3.72 TO $3.92​.KOHL'S CORPORATION REPORTS NOVEMBER/DECEMBER SALES AND INCREASES 2017 DILUTED EARNINGS PER SHARE GUIDANCE.SEES FY 2017 EARNINGS PER SHARE $4.10 TO $4.20.- ‍EXCLUDING PREVIOUSLY DISCLOSED Q4 TAX SETTLEMENT OF $30 MILLION, FY 2017 EPS IS EXPECTED TO BE $3.98 TO $4.08​.

The Bon-Ton Stores, Inc. Provides Holiday Sales Update

Monday, 8 Jan 2018 06:30am EST

Jan 8 (Reuters) - Bon-Ton Stores Inc ::THE BON-TON STORES, INC. PROVIDES HOLIDAY SALES UPDATE.BON-TON STORES INC - ‍COMPARABLE STORE SALES FOR NINE-WEEK HOLIDAY PERIOD ENDED DECEMBER 30, 2017 DECREASED 2.9%​.BON-TON STORES INC - ‍TOTAL SALES FOR NINE-WEEK NOVEMBER AND DECEMBER PERIOD WERE $720.8 MILLION COMPARED TO SALES OF $752.1 MILLION IN PRIOR YEAR PERIOD​.BON-TON STORES - ENGAGED IN DISCUSSIONS WITH DEBT HOLDERS IN AN EFFORT TO "STRENGTHEN OUR CAPITAL STRUCTURE" TO SUPPORT BUSINESS GOING FORWARD​.

Tokmanni Group: Preliminary Q4 Revenue Up At EUR 248.6 Million

Monday, 8 Jan 2018 05:00am EST

Jan 8 (Reuters) - Tokmanni Group Oyj ::TOKMANNI GROUP PROVIDES PRELIMINARY REVENUE INFORMATION.PRELIM ‍LAST QUARTER REVENUE GREW 4.4 % TO APPROXIMATELY EUR 248.6 MILLION (238.1)​.‍ACCORDING TO PRELIMINARY CALCULATIONS FULL YEAR REVENUE GREW 2.7 % TO ABOUT EUR 796.6 MILLION (775.8)​.

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