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Department Stores

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Amazon says making adjustments to focus efforts on cross-border sales in China

Wednesday, 17 Apr 2019 11:28pm EDT

April 18 (Reuters) - Amazon.com Inc ::AMAZON SAYS MAKING OPERATIONAL ADJUSTMENTS TO FOCUS EFFORTS ON CROSS-BORDER SALES IN CHINA.AMAZON SAYS WILL CONTINUE TO INVEST AND GROW IN CHINA ACROSS AMAZON GLOBAL STORE, GLOBAL SELLING, AWS, KINDLE AND CONTENT.

Macy's Qtrly Adjusted Diluted Earnings Per Share $2.73

Tuesday, 26 Feb 2019 08:00am EST

Feb 26 (Reuters) - Macy's Inc ::MACY’S, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 EARNINGS AND PROVIDES 2019 GUIDANCE.COMPANY LAUNCHES MULTI-YEAR PRODUCTIVITY PROGRAM TO FUND REINVESTMENT IN BUSINESS; STREAMLINES MANAGEMENT STRUCTURE.COMPANY LAUNCHES MULTI-YEAR PRODUCTIVITY PROGRAM TO FUND REINVESTMENT IN BUSINESS; STREAMLINES MANAGEMENT STRUCTURE.QTRLY NET SALES $8,455 MILLION VERSUS $8,672 MILLION.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE $2.73.Q4 EARNINGS PER SHARE VIEW $2.53, REVENUE VIEW $8.45 BILLION -- REFINITIV IBES DATA.ANNOUNCED A RESTRUCTURING THAT REDUCES COMPLEXITY OF UPPER MANAGEMENT STRUCTURE.AREAS FOR COST REDUCTION IN 2019 HAVE BEEN IDENTIFIED AND ARE REFLECTED IN GUIDANCE..BEGINNING IN 2019, COMPANY EXPECTS RESTRUCTURING ACTIONS ANNOUNCED TODAY TO GENERATE ANNUAL EXPENSE SAVINGS OF $100 MILLION.SEES 2019 COMPARABLE SALES (OWNED PLUS LICENSED) FLAT TO UP 1%.QTRLY COMPARABLE SALES OWNED BASIS UP 0.4%.QTRLY DILUTED EARNINGS PER SHARE $2.73.SEES 2019 COMPARABLE SALES (OWNED) FLAT TO UP 1%.QTRLY COMPARABLE SALES OWNED PLUS LICENSED BASIS UP 0.7%.SEES 2019 DILUTED EPS EXCLUDING SETTLEMENT CHARGES, IMPAIRMENT AND OTHER COSTS: $3.05 TO $3.25.TO ALSO CONTINUE TO EXPAND VIRTUAL REALITY FURNITURE EXPERIENCE IN 2019.FOR FISCAL 2018, COMPANY RECORDED ONE-TIME CHARGES OF APPROXIMATELY $80 MILLION PRE-TAX FOR RESTRUCTURING ACTIVITIES.MACY'S- IN Q4, WHILE CO DELIVERED POSITIVE COMPARABLE SALES AGAINST WHAT WAS A STRONG HOLIDAY SEASON IN 2017, RESULTS WERE LOWER THAN EXPECTATIONS.

Senshukai says merger with units and merger between units and dissolution of unit

Friday, 26 Oct 2018 03:10am EDT

Oct 26(Reuters) - Senshukai Co Ltd <8165.T>:Says it will merge with two wholly owned Osaka-based service units, with effective date on Jan. 1, 2019 .Says the two units will be dissolved after the merger.Says its wholly owned telemarketing service unit will merge with its wholly owned service unit, with effective date on Jan. 1, 2019, and the service unit will be dissolved after the merger .Says it plans to dissolve a wholly owned Osaka-based mail-order business unit Feel Life Inc, and liquidation will be completed in September 2019 .

Tokmanni Group Q3 Comparable EBIT Rises To EUR 14.6 Mln

Wednesday, 24 Oct 2018 01:30am EDT

Oct 24 (Reuters) - Tokmanni Group Oyj ::Q3 REVENUE EUR 210.7 MILLION VERSUS EUR 195.4 MILLION YEAR AGO.Q3 COMPARABLE EBIT EUR 14.6 MILLION VERSUS EUR 12.7 MILLION YEAR AGO.NEW OUTLOOK FOR 2018.TOKMANNI - EXPECTS STRONG REVENUE GROWTH FOR 2018 BASED ON REVENUE FROM NEW STORES OPENED IN 2017 AND STORES TO BE OPENED IN 2018.SEES GOOD LIKE-FOR-LIKE REVENUE GROWTH IN 2018.GROUP PROFITABILITY (COMPARABLE EBITDA, %) IN 2018 IS EXPECTED TO IMPROVE FROM PREVIOUS YEAR.PREVIOUS GUIDANCE: EXPECTS GOOD REVENUE GROWTH FOR 2018.PREVIOUS GUIDANCE: EXPECTS LOW SINGLE-DIGIT LIKE-FOR-LIKE REVENUE GROWTH IN 2018.

Aeon says supermarket business integration in Shikoku region and Chugoku region

Wednesday, 10 Oct 2018 03:31am EDT

Oct 10 (Reuters) - Aeon Co Ltd <8267.T>:Says its unit Maxvalu Nishinihon Co Ltd <<<8287.T>>> will merge with two wholly owned supermarket units, to integrate business in Shikoku region and Chugoku region, via stock swap, effective March 1, 2019 .Says two wholly owned supermarket units will be dissolve after merger .

Aeon says merger between units Aeon Hokkaido and Maxvalu Hokkaido

Wednesday, 10 Oct 2018 02:38am EDT

Oct 10 (Reuters) - Aeon Co Ltd <8267.T>:Says its unit Aeon Hokkaido Corp <<<7512.T>>> will merge with unit Maxvalu Hokkaido Co Ltd <<<7465.T>>>, effective March 1, 2020 .Says unit Maxvalu Hokkaido Co Ltd will be dissolved after merger .

Matsuya's unit to transfer all business to new unit

Monday, 20 Aug 2018 02:11am EDT

Aug 20 (Reuters) - Matsuya Co Ltd <8237.T>:Says its unit SCANDEX CO.,LTD. will transfer all business to new unit which will be established on Nov. 1 .Says it will merge with the unit SCANDEX CO.,LTD., effective Nov. 1.Says the unit SCANDEX CO.,LTD. will be dissolved after merger .

Qurate Retail Announces Transition Of Improvements Brand To HSN

Tuesday, 31 Jul 2018 02:00pm EDT

July 31 (Reuters) - Qurate Retail Inc ::QURATE RETAIL INC SAYS SOLUTION-BASED COMPANY IMPROVEMENTS WILL BE TRANSITIONED INTO HSN.QURATE RETAIL - IMPROVEMENTS WILL REMAIN A PART OF HSN, HOWEVER, THE COMPANY WILL CLOSE ITS CLEVELAND OPERATIONS OVER THE COMING MONTHS.

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