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Retail News

Target first quarter profit tops estimates on healthy sales growth
Target Corp. reported a larger-than-expected increase in first-quarter profit as revenues got a boost from online sales and a program to narrow its product focus.
Posted on 5-20-2015 at 9:31 AM
Hudson’s Bay still in talks as bidding for German department store chain heats up
Two people familiar with the matter told Reuters on Wednesday that Hudson’s Bay had examined Kaufhof’s books but had not yet made a formal offer.
Posted on 5-20-2015 at 7:00 AM
Lowe's misses out on North America's housing recovery
Lowe's also reported same-store sales growth below analysts' estimate.
Posted on 5-20-2015 at 7:46 AM
Sears Canada posts smaller quarterly loss
Same-store sales were down 4.3 percent, measuring a decline at locations open at least a year.
Posted on 5-20-2015 at 7:36 AM
Tim Hortons closes U.S. head office ahead of expansion
3G Capital Partners LP of Brazil, which acquired Tim Hortons in December, is known for its cost cutting at an array of companies it has taken over. It has already chopped 350 jobs or about 15 per cent of its 2,300 staff at Tim Hortons' headquarters and regional offices.
Posted on 5-20-2015 at 7:28 AM
Home Depot's sales rise after harsh winter
Home Depot Inc., the world's largest home improvement chain by sales, reported better-than-expected quarterly profit and sales as customers in North America spent more on home repairs after a harsh winter.
Posted on 5-19-2015 at 7:58 AM
Ascena bids for Ann Taylor parent for $2.16B
Anne Taylor and Lane Bryant are getting together in a deal worth US$2.16-billion.
Posted on 5-18-2015 at 1:36 PM
Canadian Tire profit falls as same-store sales jump
Net income attributable to the retailer fell to $68.5 million in the quarter ended April 4 from $70.6 million a year earlier.
Posted on 5-14-2015 at 8:39 AM

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