Finance

Cato Corp. has down quarter
May 23, 2013
Specialty women’s apparel and accessories retailer Cato Corp. reported...
Charlotte, N.C. – Specialty women’s apparel and accessories...
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Limited Q1 profit advances, raises guidance
May 23, 2013
L Brands Inc., formerly known as Limited Brands, reported Wednesday that...
Columbus, Ohio -- L Brands Inc., formerly known as Limited Brands,...
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Rue21 to be acquired by Apax Partners in $1.1 billion deal
May 23, 2013
Apax Partners will acquire the 900-store, teen apparel retailer Rue 21 in...
New York -- Apax Partners will acquire the 900-store, teen apparel...
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American Eagle Q1 profit down but tops Street; to build new DC
May 22, 2013
American Eagle Outfitters Inc. earned $28 million in its first quarter,...
Pittsburgh -- American Eagle Outfitters Inc. earned $28 million in its...
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Staples disappoints as Q1 profit falls 9.2%
May 22, 2013
Staples reported that its first-quarter profit was $169.9 million, down...
Framingham, Mass. -- Staples reported that its first-quarter profit was $...
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Sears Canada posts loss; names CFO
May 22, 2013
Sears Canada reported a net loss in its first quarter of C$31.2 million ($...
New York -- Sears Canada reported a net loss in its first quarter of C$31....
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Target Q1 profit plunges 29%; lowers full-year outlook
May 22, 2013
Target Corp. reported a 26% drop in its first-quarter profit as...
Minneapolis -- Target Corp. reported a 26% drop in its first-quarter...
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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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