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Department Stores

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Detsky Mir H1 unaudited revenue up 24.8 pct to RUB 42.1 billion

Monday, 24 Jul 2017 03:28am EDT

July 24 (Reuters) - DETSKY MIR :H1 GROUP UNAUDITED REVENUE INCREASED BY 24.8 PERCENT TO RUB 42.1 BILLION.IN H1 LIKE-FOR-LIKE SALES AT DETSKY MIR STORES IN RUSSIA GREW BY 7.9 PERCENT.IN H1 TWELVE DETSKY MIR BRANDED STORES WERE OPENED, IN H1 GROUP STORES AMOUNTED TO 528.SAYS AS RESULT OF H1 GROSS MARGIN IS EXPECTED TO REMAIN AT LEVEL OF SAME PERIOD OF PREVIOUS YEAR.PLANS TO OPEN AT LEAST 70 NEW SUPER- AND HYPERMARKETS IN 2017, INCLUDING AT LEAST 5 STORES IN KAZAKHSTAN.

Ryohin Keikaku to merge with unit IDÉE

Wednesday, 19 Jul 2017 04:19am EDT

July 19(Reuters) - Ryohin Keikaku Co Ltd <7453.T>:Says it plans to merge with wholly owned unit IDÉE Co Ltd .Merger effective date on Sept. 1 .Says IDÉE will be dissolved after the transaction.

J.Front Retailing says on-site inspection of subsidiary by Japan Fair Trade Commission

Wednesday, 19 Jul 2017 03:09am EDT

July 19 (Reuters) - J.Front Retailing Co Ltd <3086.T>:* Says Japan Fair Trade Commission has conducted on an on-site inspection of a subsidiary of the company, Daimaru Matsuzakaya Department Stores Co.Ltd., under suspicion of violation of Anti-Trust Law.

Fujian Dongbai Group sees H1 FY 2017 net profit up 780 pct to 830 pct

Thursday, 13 Jul 2017 11:37pm EDT

July 14(Reuters) - Fujian Dongbai Group Co Ltd <600693.SS> ::* Sees H1 FY 2017 net profit to increase by 780 percent to 830 percent.* Says H1 FY 2016 net profit was 10.2 million yuan.* The reason for the forecast is operating income in real estate business .

Hainan HNA Infrastructure in deal to invest in Rio De Janeiro Aeroportos

Thursday, 13 Jul 2017 05:03am EDT

July 13 (Reuters) - Hainan HNA Infrastructure Investment Group Co Ltd <600515.SS>:Says it signs agreement to buy 60 percent stake in Rio De Janeiro Aeroportos S.A. for 127.0 million yuan ($18.73 million).Says it's in deal to sell 9 percent stake in Rio De Janeiro Aeroportos S.A. for 19.0 million yuan to Singapore's Excelente B.N..Says it, Excelente plan to boost capital at Rio De Janeiro Aeroportos by a combined 4.2 billion yuan.

Seritage says Sears Holdings to continue to pay co rent until it vacates stores

Friday, 23 Jun 2017 06:28am EDT

June 23 (Reuters) - Seritage Growth Properties ::Seritage Growth Properties - pursuant to terms of master lease units co, units of Sears Holdings Corp, Sears Holdings exercised right to terminate master lease.Seritage Growth Properties - Sears Holdings will continue to pay co rent until it vacates stores which is expected to occur in October 2017 - SEC filing.Seritage Growth Properties - Sears Holdings to pay termination fee equal to 1 year of annual base rent, plus 1 year of estimated annual operating expenses.Seritage Growth Properties - termination of master lease with respect to 20 unprofitable stores.

Land and Buildings issues letter to Hudson's Bay board

Monday, 19 Jun 2017 08:00am EDT

June 19 (Reuters) - Hudson's Bay Co :Land and buildings issues letter to hudson’s bay board calling on company to evaluate all strategic alternatives to maximize value.Land and buildings says highest value and best use of hudson’s bay’s real estate "likely not as department stores".Land and buildings - hudson’s bay should evaluate monetization or repurposing of real estate, being taken private by management.

Amazon to acquire Whole Foods for $13.7 bln, including debt

Friday, 16 Jun 2017 09:00am EDT

June 16 (Reuters) - Amazon.Com Inc :Amazon to acquire whole foods market.Amazon says ‍transaction valued at approximately $13.7 billion, including Whole Foods Market's net debt​.Deal for $42 per share.Deal for ‍$13.7 billion​.Whole Foods Market will continue to operate stores under Whole Foods Market brand.John Mackey will remain as CEO of Whole Foods Market and Whole Foods Market's headquarters will stay in Austin, Texas.Deal is an all-cash transaction​.

Tokmanni Group says lowers its full-year 2017 guidance

Thursday, 15 Jun 2017 12:00pm EDT

June 15 (Reuters) - Tokmanni Group Oyj :Tokmanni Group Corporation: Tokmanni lowers its full-year 2017 guidance.Tokmanni estimates revenue to grow based on the revenue from new and relocated stores opened in 2016 and 2017.Revenue of like-for-like stores is expected to remain at the level of the previous year.Very exceptional weather conditions and major changes in market conditions may impact these estimates.Profitability (adjusted. EBITDA%) is expected to decrease from the previous year.

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