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Retail News

Costco profit tops estimates as sales gains outpaced Wal-Mart
Costco, which focuses on selling large volumes of goods to its members at low prices, has outperformed Wal-Mart and Target Corp. recently.
Posted on 5-27-2015 at 10:48 PM
Sleep Country Canada reportedly considering IPO
Sleep Country Canada, the nation’s largest mattress retailer, is looking to return to equity markets through an initial public offering, according to people familiar with the matter.
Posted on 5-26-2015 at 10:13 AM
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

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