Finance

Fred’s meets high April expectations
May 08, 2013
Fred’s, Inc. reported a slight boost in total sales for the first three...
Memphis -- Fred’s, Inc. reported a slight boost in total sales for...
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Whole Foods Market Q2 profit surges 20%; raises forecast
May 07, 2013
Whole Foods Market reported that its second-quarter net income rose to $...
Austin, Texas -- Whole Foods Market on Tuesday reported that its second-...
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J.C. Penney Q1 same-store sales down 16.6%, missing estimates
May 07, 2013
In preliminary results, J.C. Penney Co. reported that same-store sales in...
Plano, Texas -- In preliminary results, J.C. Penney Co. on Tuesday...
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OfficeMax profit misses
May 07, 2013
OfficeMax on Tuesday reported a lower-than-expected profit, for its first...
Naperville, Ill. -- OfficeMax on Tuesday reported a lower-than-expected...
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PriceSmart sales up 10.7% in April; opens new club in Colombia
May 07, 2013
PriceSmart announced that for the month of April 2013 net sales increased...
San Diego -- PriceSmart announced that for the month of April 2013 net...
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Senate approves Internet sales tax; opposition looms in House
May 07, 2013
The U.S. Senate on late Monday approved the long-debated Internet sales...
Arlington, Va. -- The U.S. Senate on late Monday approved the long-debated...
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Nielsen: U.S. consumers spending looking up
May 06, 2013
North American consumers opened their wallets in the first quarter of 2013...
New York -- North American consumers opened their wallets in the first...
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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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