Finance

Home Depot sales, earnings rise
May 21, 2013
The Home Depot reported sales of $19.1 billion during first quarter fiscal...
Atlanta – The Home Depot reported sales of $19.1 billion during...
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TJX net sales increase
May 21, 2013
The TJX Companies, Inc. reported increased net sales during first quarter...
Framingham, Mass. – The TJX Companies, Inc. reported increased net...
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Dick’s Sporting Goods revenues rise; not to Street expectations
May 21, 2013
Although Dick’s Sporting Goods reported a year-over-year increase in...
Pittsburgh – Although Dick’s Sporting Goods reported a year-...
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Net sales drive Urban Outfitters earnings
May 21, 2013
Urban Outfitters, Inc. reported stronger than expected net sales, which...
Philadelphia – Urban Outfitters, Inc. reported stronger than...
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Best Buy reports net loss
May 21, 2013
Best Buy reported a net loss of almost 10% for first quarter fiscal 2014,...
Minneapolis – Best Buy reported a net loss of almost 10% for first...
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Nordstrom Q1 profit and sales disappoint
May 17, 2013
Nordstrom Inc. reported its first quarter net income fell a greater-than-...
Seattle -- Nordstrom Inc. reported its first quarter net income fell a...
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Stages Stores Q1 loss widens
May 17, 2013
Stage Stores reported a loss of $6.9 million for the first quarter,...
Houston -- Stage Stores reported a loss of $6.9 million for the first...
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Financially Speaking

BDO survey: Retail CFOs bullish about M&A, IPO activity in 2013

By Marianne Wilson
The retail industry is poised for another year of heavy deal flow. Nearly all retail CFOs (94%) expect merger and acquisition will increase or remain steady in 2013, according to a new survey from BDO USA.
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Deals/M&A

Party City to expand growth in New England with acquisition of iParty Corp.
iParty Corp., a leading party goods retailer with a strong presence in New England, has entered into an agreement to be acquired by Party City Holdings Inc., North America’s largest party supply retailer.
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Newsmakers

Founder of Barnes & Noble to bid for chain’s retail assets
Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business.
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