Finance

Bloomberg: Retail sales edge up 0.4% in May
Jun 10, 2013
Initial Bloomberg estimates indicate US retail sales edged up 0.4% last...
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Rite Aid forecasts Q1 profit; in debt refinancing move
Jun 10, 2013
Rite Aid projected that it would turn a profit in the first quarter of...
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Wal-Mart holds annual meeting; announces $15 billion more in stock buybacks
Jun 07, 2013
Wal-Mart Stores Inc. announced a $15 billion share buyback program at its...
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Sears Hometown Q1 profit falls 27%
Jun 07, 2013
Sears Hometown and Outlet Stores Inc. reported a 27% drop in first-...
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NRF: Father’s Day spending to rise slightly
Jun 07, 2013
Americans will spend a little bit more on dad this year, stretching their...
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Cold weather chills Ann Q1 profit
Jun 06, 2013
Ann Inc., which runs the Ann Taylor and Loft, reported that its fiscal...
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Conn’s Q1 income nearly doubles; raises forecast
Jun 06, 2013
Conn's Inc.’s net income nearly doubled in its first-quarter, with strong...
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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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