Finance

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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Lowe's Q1 sales fall
May 22, 2013
Cool weather affected sales at Lowe's for the first quarter ended May 3.
New York -- Cool weather affected sales at Lowe's for the first quarter...
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AutoZone sales rise below expectations
May 21, 2013
AutoZone reported net sales of $2.2 billion for third quarter fiscal 2013...
Memphis – AutoZone reported net sales of $2.2 billion for third...
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Saks Q1 sales increase, net income drops
May 21, 2013
Saks Incorporated reported a roughly 5% increase in total sales between...
New York – Saks Incorporated reported a roughly 5% increase in total...
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NRF opposes swipe fee settlement
May 21, 2013
The National Retail Federation (NRF) is formally opposing the proposed...
Washington, D.C. – The National Retail Federation (NRF) is formally...
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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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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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