Finance

OfficeMax investor sues to stop merger with Office Depot
May 03, 2013
An OfficeMax shareholder sued the directors of the company on Thursday,...
New York -- An OfficeMax shareholder sued the directors of the company on...
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Walgreens April sales climb
May 03, 2013
Walgreens reported April 2013 sales of $5.98 billion, up almost 4% from $5...
Deerfield, Ill. -- Walgreens reported April 2013 sales of $5.98 billion,...
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Dick’s Sporting Goods names new CFO
May 03, 2013
Dick’s Sporting Goods has named Andre J. Hawaux as executive VP of finance...
Pittsburgh -- Dick’s Sporting Goods has named Andre J. Hawaux as...
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Consumer spending stays flat
May 03, 2013
U.S. consumer spending averaged $86 a day in April 2013, according to new...
Washington, D.C. -- U.S. consumer spending averaged $86 a day in April...
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Sally Beauty Q2 earnings down 4.3%
May 02, 2013
Sally Beauty Holdings Inc.’s second-quarter earnings decreased 4.3% amid...
New York -- Sally Beauty Holdings Inc.’s second-quarter earnings...
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Build-A-Bear-Workshop builds income, sales
May 02, 2013
Build-A-Bear Workshop reported increased net income and sales the first...
St. Louis -- Build-A-Bear Workshop reported increased net income and sales...
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Rite Aid same store sales dip
May 02, 2013
Rite Aid reported a 4% drop in same store sales for the four weeks ending...
Camp Hill, Pa. -- Rite Aid reported a 4% drop in same store sales for the...
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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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