Finance

Senate confirms Wal-Mart’s Burwell as White House budget director
Apr 24, 2013
The U.S. Senate voted 96-0 to confirm former Wal-Mart Foundation president...
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Tractor Supply profit up in Q1; opening 100+ stores
Apr 24, 2013
Tractor Supply Co. reported that net income for the quarter ended March 30...
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Children's Place CFO adds COO title
Apr 24, 2013
The Children's Place said that current CFO Michael Scarpa has also been...
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Supervalu loss widens in Q4
Apr 24, 2013
Supervalu Inc., which recently divested 877 supermarkets in a $3.3 billion...
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Report: Penney working with AlixPartners
Apr 23, 2013
J.C. Penney has been working with consulting firm AlixPartners, which...
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Coach tops estimates; Reed Krakoff to step down
Apr 23, 2013
Coach reported that its net income for three-month period ending on March...
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RadioShack’s Q1 loss widens; updating image and stores
Apr 23, 2013
RadioShack Corp. on Tuesday reported a bigger-than-expected first quarter...
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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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