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Department Stores

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Nordstrom family to temporarily suspend exploring going private deal for Nordstrom

Monday, 16 Oct 2017

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​.

Trustpower ‍announces strategic review of Australian hydro generation assets​

Wednesday, 30 Aug 2017

Aug 30 (Reuters) - Trustpower Ltd :‍announces strategic review of Australian hydro generation assets​.

Sears holdings reports second quarter 2017 results

Thursday, 24 Aug 2017

Aug 24 (Reuters) - Sears Holdings Corp :Sears Holdings reports second quarter 2017 results and provides an update on recent liquidity and strategic actions.Q2 revenue $4.4 billion.Q2 same store sales fell 11.5 percent.Sears Holdings Corp - ‍Merchandise inventories were $3.4 billion at July 29, 2017, compared to $4.7 billion at July 30, 2016​.Qtrly ‍net loss per common share attributable to holdings' shareholders $2.34​.Sears Holdings Corp says "‍retail environment remained challenging, with continued softness in store traffic and elevated price competition​".Qtrly ‍Kmart comparable store sales decreased 9.4%​.In addition, will be notifying associates at 28 Kmart stores that co will be closing these stores later this year.Qtrly ‍sears comparable store sales declined 13.2%, with a 12.1% decline excluding consumer electronics category​.Sears Holdings Corp - ‍In Aug, reached agreement with Metropolitan Life Insurance Company to annuitize an additional $512 million of its pension liability​.Sears Holdings corp - ‍MLIC action is expected to have an immaterial impact on funded status of our total pension obligations​.Sears Holdings Corp - Continue to explore opportunities for Kenmore and DieHard brands, and Sears home services and Sears auto center businesses.Says ‍during Q2, store closures contributed to approximately $770 million of decline​ in total revenues.

Hanwha Galleria Timeworld to close duty free shop business

Monday, 3 Jul 2017

July 3 (Reuters) - Hanwha Galleria Timeworld Co Ltd <027390.KS> ::* Says it will close duty free shop in Jeju International Airport business on Aug. 31.* Says the business suspension amount is 46.81 billion won.

Tianjin Quanyechang to halt asset restructuring, shares to resume trade

Wednesday, 12 Oct 2016

Tianjin Quanyechang Group Co Ltd <600821.SS> : Says it shares to resume trade on Oct 14 .Says to terminate assets restructuring.

Sears Holdings CEO says no plans to shut Kmart

Monday, 3 Oct 2016

Sears Holdings Corp :CEO Eddie Lampert says "there are no plans and there have never been any plans to close the Kmart format" -blog post.

Eastern Media International to merge with real estate development and construction unit

Tuesday, 6 Sep 2016

Eastern Media International <2614.TW>: Says it will merge with its real estate development and construction wholly owned subsidiary with merger record date of Sep. 10 .Says the subsidiary will dissolve after merger.

Yinchuan Xinhua Commercial Group to merge with unit

Tuesday, 2 Aug 2016

Yinchuan Xinhua Commercial Group <600785.SS>: Says it will merge with a Yinchuan-based department store wholly owned subsidiary .Says the subsidiary will dissolve after merger.

J.Front Retailing says merger between units

Tuesday, 26 Jul 2016

J.Front Retailing <3086.T>: Says its wholly owned subsidiary JFRSERVICE. will merge with its wholly owned subsidiaries JFROS Co Ltd and JFR CONSULTING Co., Ltd. on Sep. 1 .Says JFROS Co Ltd and JFR CONSULTING Co., Ltd. will dissolve and JFRSERVICE. will remain after merger.

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