KarstadtQuelle to Part With 77 Stores
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Struggling German retailer KarstadtQuelle said Tuesday it plans to sell 77 of its department stores as soon as possible as it responds to slumping sales in economically lagging Germany.
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Kiosks with Sprint Corp.&#39;s brand will open at about 500 shopping malls in the next three years through an agreement with longtime partner RadioShack Corp.
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BARGAIN hunters were today set to hit the sales at Liverpool's troubled Lewis's store.   The famous city centre store is being run by administrators Kroll who are trying to rescue the Owen Owen chain after it collapsed last week.
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Fresh plans which would allow more shops on the site planned for Cardiff City's new ground are being discussed.
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About 100 Giant Food stores are slated for renovation over the next three years, the largest investment in the chain since it was acquired by the Dutch company Royal Ahold nearly a decade ago.
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Investors give their support to plans by Germany's largest retailer, KarstadtQuelle, to raise 500m($663m) euros by issuing new shares in the troubled company.
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Struggling German retailer KarstadtQuelle said Tuesday it plans to sell nearly half of its department stores and issue euro500 million (US$615 million) in shares as it restructures in response to Germany&#39;s persistent retail slump.
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An eastern Slovak town that houses the Warhol Family Museum of Modern Art plans to use a European Union grant to help change its image and become "Warhol city." Medzilaborce, a town of 6,500, has received a ...
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Developers are eying a piece of land known as the town's ''Golden Triangle&quot; as the site of a hotel and ''lifestyle shopping center.&quot; It would be anchored by a Kohl's department store, and filled with shoppers strolling along landscaped walkways lined with gas lamps, according to their vision.
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Business & money: Troubled supermarket chain will close around 90 of its stores.
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The area's mix of retail tenants is changing from mom-and-pop shops to a blend of well-known chains.
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Loss-making German department store giant Karstadtquelle plans a  shake-up to  haul itself back into profit, amid rumours of thousands of job cuts.
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The German government is to place more of its shares in Deutsche Post with the state-owned KfW bank as part the ongoing privatisation of the postal authority, a KfW spokeswoman said on Monday.
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Europeâs largest bank plans to put about half of its 800 French consumer branches up for sale as it focuses on expanding in emerging markets.
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Pathmark Stores, which owns 142 supermarkets in the city and throughout the northeast, hired Dresdner Kleinwort Wasserstein to advise it on options, including a possible sale of the company.
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KarstadtQuelle, the troubled German department store operator, said its creditor banks had agreed to meet its liquidity needs until December 31, but had not yet agreed to its request for a three-year-loan of 1.75 billion euros (2.2 billion dollars).
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German retail giant KarstadtQuelle, which embarked on a drastic restructuring two years ago to turn itself around, has said it was now planning a massive shake-out of its loss-making mail-order business.