Finance

Consumer confidence falls to nine-month low
Apr 12, 2013
A report released Friday found that confidence among American consumers...
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WSJ: Hedge fund pressures Jones Group to sell parts of portfolio
Apr 12, 2013
A report by the Wall Street Journal said that hedge fund Barington Capital...
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Report: J.C. Penney hires Blackstone to raise some $1 billion
Apr 12, 2013
J.C. Penney Co. has hired the Blackstone Group explore how best to...
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Retail sales fall 0.4% in March
Apr 12, 2013
U.S. retail sales fell 0.4% in March, the biggest decrease in nine months...
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Costco March same-store sales up 4%, misses Street
Apr 11, 2013
Costco Wholesale Corp reported a 4% rise in same-store sales, missing...
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Rite Aid reports first annual profit since 2007
Apr 11, 2013
Rite Aid reported a $123.1 million profit for the fourth quarter and a $...
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Pier 1 Q4 profit down 46% without last year’s tax benefit
Apr 11, 2013
Pier 1's fourth-quarter earnings fell 46% compared with last year, when...
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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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