Central Retail Corporation (CRC) has agreed to sell its Italian department store business, Rinascente, to its principal shareholder, Harng Central Department Store (HCDS), for €250m (approximately Bt9.38bn). In a disclosure to the Stock Exchange of Thailand (SET), the Thai retailer stated that its board approved the acquisition offer from HCDS. The deal involves the complete transfer of shares in CRC Holland, which operates Rinascente, and the settlement of a shareholder loan amounting to around €141m ($ ...

Company Overview - Dillard's (DDS) shares increased by 7.8% to $450.49 in the last trading session, with a higher-than-average trading volume, compared to a 6.7% gain over the past four weeks [1] - The company is focusing on growth opportunities in both brick-and-mortar and e-commerce, enhancing its customer base and performance [2] Financial Performance - Dillard's is expected to report quarterly earnings of $3.47 per share, reflecting a year-over-year decline of 24.4%, while revenues are projected to be $1.51 billion, an increase of 1.2% from the previous year [3] - The consensus EPS estimate for Dillard's has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Shareholder Returns - The company is committed to rewarding shareholders through share buybacks and dividend payouts, which is seen as a positive sign for future performance [2] Industry Context - Dillard's operates within the Zacks Retail - Regional Department Stores industry, where Macy's (M) also operates, having closed 5.7% higher at $12.33 in the last trading session [4] - Macy's has seen a significant change in its EPS estimate, dropping by 14.3% over the past month to $0.18, which is a 66% decrease from the previous year [5]