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Department Stores

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French supermarket retailer Carrefour to present strategy plan on Jan. 23

Tuesday, 14 Nov 2017 02:00am EST

Nov 14 (Reuters) - Carrefour ::* Company to announce new strategy plan on Jan. 23..* Earlier this week, French retail giant Carrefour - under mounting pressure from traditional rivals as well as new competitors like Amazon - had sought to reassure investors that its plan to turn around its business was on track following a report of a delay. nL8N1NJ2SJ.* Shares in the world's second-biggest retailer fell nearly 2 percent on Monday after BFM Business radio said new CEO Alexandre Bompard was unlikely to unveil his revival plan before early 2018 instead of before end-2017 as previously announced..* The company is working on what is expected to be a far-reaching restructuring plan that some analysts estimate could involve one billion euros of cost cuts..* One reason for postponing the announcement was to avoid any labour trouble over the crucial Christmas period, BFM said..

Lotte Shopping to merge with Lotte Department Store Masan

Thursday, 9 Nov 2017 04:22am EST

Nov 9 (Reuters) - Lotte Shopping Co Ltd <023530.KS> ::Says it will merge with Lotte Department Store Masan Co., Ltd, and merge ratio is 1:0 .Says merger effective date is Nov. 14.

Senshukai to offer early-retirement program

Tuesday, 31 Oct 2017 10:01pm EDT

Nov 1 (Reuters) - Senshukai Co Ltd <8165.T>:Says it will offer an early-retirement program to employees, who are above 45 years old as of the end of December .Offering period from Nov. 2 to Nov. 20 .The company expects 50 employees to take the offer.Says the employees who take up the offer will retire on Feb. 28, 2018 .The company will provide retirement payment and outplacement support to the retiring employees.

Far Eastern Department Stores says dissolution and liquidation of Chengdu department unit

Friday, 27 Oct 2017 06:23am EDT

Oct 27 (Reuters) - Far Eastern Department Stores Ltd <2903.TW> ::Says dissolution and liquidation of Chengdu department unit .

Tokmanni Q3 ‍comparable EBIT down at EUR 12.7 mln ​

Wednesday, 25 Oct 2017 01:30am EDT

Oct 25 (Reuters) - TOKMANNI GROUP OYJ :Q3 REVENUE EUR ‍195.4​ MILLION VERSUS EUR 187.0 MILLION YEAR AGO.Q3 ‍COMPARABLE EBIT TOTALED EUR 12.7 MILLION (14.4)​.‍SHORT TERM OUTLOOK 2017​.‍SHORT TERM OUTLOOK UNCHANGED​.‍2017 GROUP PROFITABILITY (COMPARABLE EBITDA%) IS EXPECTED TO DECREASE FROM LAST YEAR'S LEVEL​.‍2017 REVENUE OF LIKE-FOR-LIKE STORES IS EXPECTED TO REMAIN AT LEVEL OF PREVIOUS YEAR​.

Detsky Mir Q3 group unaudited revenue up 19.8% Y-O-Y

Monday, 23 Oct 2017 03:43am EDT

Oct 23 (Reuters) - DETSKY MIR ::Q3 GROUP UNAUDITED REVENUE INCREASED BY 19.8% YEAR-ON-YEAR TO RUB 24.6 BLN‍​.Q3 ALTERNATIVE LIKE-FOR-LIKE REVENUE GROWTH OF 6.1%, VERSUS 14.4% YEAR AGO.OPENS 29 NEW BRANDED STORES IN Q3 2017.Q3 LIKE-FOR-LIKE AVERAGE TICKET GROWTH, A DECLINE OF 4.0% VS GROWTH 3.0% YEAR AGO.SAYS GOING TO OPEN AT LEAST 90 SUPERMARKETS INSTEAD OF THE INITIALLY PLANNED 70 STORES IN 2017.

Nordstrom family to temporarily suspend exploring going private deal for Nordstrom

Monday, 16 Oct 2017 09:18am EDT

Oct 16 (Reuters) - Nordstrom family::In light of difficulty obtaining debt financing in current retail environment, suspended exploration of going private deal for rest of year‍​.Group intends to continue to explore possibility of making a proposal for going private transaction for Nordstrom Inc after holiday season‍​.

Stockmann downgrades outlook for 2017 adjusted operating profit

Tuesday, 26 Sep 2017 01:30am EDT

Sept 26 (Reuters) - STOCKMANN OYJ ABP :STOCKMANN GROUP'S REVISED GUIDANCE FOR 2017 AND OUTCOME OF IMPAIRMENT TEST.‍PROFIT GUIDANCE FOR YEAR HAS BEEN CHANGED DUE TO WEAKER THAN ESTIMATED PERFORMANCE IN LINDEX'S BUSINESS.​.‍EXPECTS GROUP'S REVENUE FOR 2017 TO DECLINE DUE TO WEAKER SALES DEVELOPMENT OF LINDEX, CHANGES IN STORE NETWORK AND PRODUCT MIX​.‍ADJUSTED OPERATING PROFIT IN CONTINUING OPERATIONS IS EXPECTED TO BE APPROX. ON A PAR WITH OR SLIGHTLY WEAKER THAN IN 2016​.PREVIOUYSLY EXPECTED ‍ADJUSTED OPERATING PROFIT TO IMPROVE, COMPARED WITH 2016.​.TO RECOGNISE APPROX. EUR 150 MILLION IN IMPAIRMENT RELATED TO LINDEX'S GOODWILL IN ITS Q3 CONSOLIDATED INCOME STATEMENT​.

Kunming Sinobright Group revises asset acquisition plan, cuts share issue size

Monday, 25 Sep 2017 09:22pm EDT

Sept 26 (Reuters) - Kunming Sinobright Group Co Ltd <000560.SZ>:Says it revises asset acquisition plan, to buy 84.44 percent stake in Beijing property agency for 5.5 billion yuan ($830.95 million) from 6.2 billion yuan previously.Says it cuts share issue size to 2.3 billion yuan from 2.5 billion yuan previously.

Netweek H1 net result turns to loss of EUR 0.4 mln

Tuesday, 12 Sep 2017 02:29am EDT

Sept 12 (Reuters) - NETWEEK SPA : :H1 NET LOSS EUR 0.4 MLN VS PROFIT EUR 33.7 MLN YEAR AGO.H1 REVENUE EUR 13.4 MLN VS EUR 13.2 MLN YEAR AGO.SAYS H1 2016 NET PROFIT OF EUR 33.7 MLN WAS ENTIRELY DUE TO THE EXTRAORDINARY EFFECTS ARISING FROM DEBT RESTRUCTURING.SHAREHOLDERS GRANT THE BOARD POWERS TO ISSUE SHARES AND CONVERTIBLE BONDS FOR UP TO EUR 30 MLN.

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