Sears Canada Q3 Loss Widens, Same Store Sales Down 7.1%

Sears Canada Q3 Loss Widens, Same Store Sales Down 7.1%

Sears Canada reported a loss of CAD1.18 per share (-$0.89) for the third quarter ended Oct 29, a wider loss than the CAD52 per share loss reported in the same quarter last year. Total revenue of CAD625.2 million declined from CAD792.1 million a year ago. Same store sales were down 7.1% from the third quarter of 2015 as a result of the non-recurrence of a wide range of 9% consumer […]

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Eros International’s Bollywood Entertainment Platform Tops Two Million Subscribers

Eros International’s Bollywood Entertainment Platform Tops Two Million Subscribers

Eros International shares were up over 9% Thursday after the company said its Bollywood entertainment platform Eros Now has exceeded two million subscribers. The company grew its user base through significant deals with all major telecom players in India offering 4G mobile services, including as Reliance Jio, Airtel, IDEA Cellular Network and more recently Vodafone (VOD), Eros said. Eros Now will see the full-year benefit of these deals in fiscal […]

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Vitamin Shoppe Expands in South America

Vitamin Shoppe Expands in South America

The Vitamin Shoppe, a multi-channel specialty retailer and manufacturer of nutritional products, said Wednesday it has opened the first two Vitamin Shoppe franchise stores in Paraguay. In addition, the company’s other franchisees have recently opened two additional stores in Panama and two in Guatemala. Year-to-date, the company’s existing international franchisees have opened a total of five stores in Guatemala, four in Panama, three in Costa Rica and two in Paraguay. […]

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Stocks Build on Gains to Send Dow to Another Record High

Stocks Build on Gains to Send Dow to Another Record High

The main US markets extended their gains in late trading on Tuesday, sending the Dow Jones Industrial Average to a new record high while the Standard & Poor’s 500 and the Nasdaq Composite rose amid strength in the financials and telecoms sectors. Among the 30 blue chips on the Dow, 18 ended higher, with 1.2% increases in both Goldman Sachs (GS) and Verizon (VZ) overshadowing the 2.5% decrease in Nike […]

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SunCoke Energy Rises to 1.5-Yr High

SunCoke Energy Rises to 1.5-Yr High

SunCoke Energy shares rose to their highest level since July 2015 on Monday after Foxhill Capital Partners said it is opposed to the company acquiring the remaining units of SunCoke Energy Partners (SXCP). Foxhill owns 259,252 units of SunCoke Energy Partners and sent a letter stating its opinion to the firm’s conflicts committee. “Foxhill does not believe the offer reflects the long-term, intrinsic value of the common units and is […]

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Mixed Finish for Consumer Stocks

Mixed Finish for Consumer Stocks

Consumer stocks still were mixed in late-day trade, with shares of consumer staples companies in the S&P 500 climbing almost 0.6% while shares of consumer discretionary firms in the S&P 500 were slipping about 0.3%. In company news, Fiesta Restaurant Group (FRGI) shares gained Friday following reports the casual-dining chain has hired JPMorgan to assist with a possible sale of the company. Today’s report by DealReporter, citing sources, follows similar […]

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