Finance

Children's Place CFO adds COO title
Apr 24, 2013
The Children's Place said that current CFO Michael Scarpa has also been...
Secaucus, N.J. -- The Children's Place said Wednesday that current CFO...
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Supervalu loss widens in Q4
Apr 24, 2013
Supervalu Inc., which recently divested 877 supermarkets in a $3.3 billion...
New York -- Supervalu Inc., which recently divested 877 supermarkets in a...
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Report: Penney working with AlixPartners
Apr 23, 2013
J.C. Penney has been working with consulting firm AlixPartners, which...
New York -- J.C. Penney has been working with consulting firm AlixPartners...
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Coach tops estimates; Reed Krakoff to step down
Apr 23, 2013
Coach reported that its net income for three-month period ending on March...
New York -- Coach on Tuesday reported that its net income for three-month...
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RadioShack’s Q1 loss widens; updating image and stores
Apr 23, 2013
RadioShack Corp. on Tuesday reported a bigger-than-expected first quarter...
Fort Worth, Texas -- RadioShack Corp. on Tuesday reported a bigger-than-...
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Report: Wal-Mart CEO compensation rose 14% to $20.7 million in 2012
Apr 23, 2013
Wal-Mart Stores CEO Mike Duke received pay package in 2012 worth $20.7...
New York -- Wal-Mart Stores CEO Mike Duke received pay package in 2012...
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Walmart exceeds $1 billion in philanthropic giving
Apr 22, 2013
For the first time in the retailer’s history, Wal-Mart Stores Inc. said...
Bentonville, Ark. -- For the first time in the retailer’s history,...
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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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