Finance

March retail sales in U.K. drop more than forecast
Apr 18, 2013
A Thursday report by Bloomberg said that retail sales in the U.K. fell a...
London -- A Thursday report by Bloomberg said that retail sales in the U.K...
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Sherwin-Williams Q1 profit up; 70- to 80 stores on tap for 2013
Apr 18, 2013
Sherwin-Williams Co. reported a sales increase of 1.4% in the first...
New York -- Sherwin-Williams Co. reported a sales increase of 1.4% in the...
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Stein Mart granted OK for continued Nasdaq listing
Apr 17, 2013
Stein Mart said Wednesday that it has been granted approval to continue...
Jacksonville, Fla. -- Stein Mart said Wednesday that it has been granted...
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Fairway raises $177.5 million in IPO
Apr 17, 2013
Fairway Group Holdings Corp., operator of the Fairway Market grocery chain...
New York -- Fairway Group Holdings Corp., operator of the Fairway Market...
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Tesco to exit U.S.; takes $3.5 billion global write-down
Apr 17, 2013
Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday...
London -- Grocery chain Fresh & Easy’s British parent Tesco...
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J.C. Penney considering real estate spinoff to raise cash
Apr 16, 2013
A Tuesday report by Bloomberg said that J.C. Penney has an additional plan...
New York -- A Tuesday report by Bloomberg said that J.C. Penney has an...
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Deloitte: Shoppers’ belts remain tight despite improving economy
Apr 16, 2013
Survey results by Deloitte, released Tuesday, found that even as the...
New York -- Survey results by Deloitte, released Tuesday, found that even...
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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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