Content about Bloomberg

May 7, 2013
Report: Wal-Mart has sights set on two internal candidates in CEO succession

Wal-Mart Stores has identified two internal candidates to succeed CEO Mike Duke, Bloomberg News reported.

May 3, 2013
OfficeMax investor sues to stop merger with Office Depot

An OfficeMax shareholder sued the directors of the company on Thursday, seeking to block its acquisition by Office Depot Inc., Bloomberg reported.

April 29, 2013
Aeropostale Jury: Finazzo must forfeit $25-plus million

A Monday report by Bloomberg said that ex-Aeropostale executive Christopher Finazzo – convicted last week on 14 counts of fraud against the retailer – has been order to forfeit more than $25 million.

April 29, 2013
Report: Consumer spending rises more than expected

A report released Monday by the Commerce Dept. said that March consumer spending in the U.S. advanced more than forecast – rising 0.2% after a 0.7% increase in February.

April 24, 2013
Bloomberg: Apple to grow aggressively in China

A Wednesday report by Bloomberg said that Apple plans to double its number of retail stores in China over the next two years to help offset slowing growth worldwide.

April 18, 2013
March retail sales in U.K. drop more than forecast

A Thursday report by Bloomberg said that retail sales in the U.K. fell a more-than-expected 0.8% (excluding fuel) in March compared to February, impacted by unseasonably cold weather and a still-sluggish economy.

April 16, 2013
J.C. Penney considering real estate spinoff to raise cash

A Tuesday report by Bloomberg said that J.C. Penney has an additional plan to raise money; the retailer is said to be considering a spinoff of its real-estate holdings into a new unit that could issue debt.

April 10, 2013
Report: Wal-Mart exec who called sales ‘total disaster’ has left

A Wednesday report by Reuters said that Jerry Murray, the Wal-Mart finance VP who called the chain's early February sales "a total disaster" in an email made public by Bloomberg, has left the company, effective April 5.

March 22, 2013
Starbucks in Groupon deal

Starbucks Coffee Company on Friday offered an online coupon though Groupon Inc., Bloomberg reported.

March 15, 2013
Caribou Coffee no longer to open shops inside J.C. Penney

A Friday report by Bloomberg said that coffee purveyor Caribou Coffee has lost interest in opening shops inside J.C. Penney Co. stores.

March 5, 2013
J.C. Penney’s problems mount

J.C. Penney Co. last Tuesday dominated the retail news as its shares dropped 10.6% to a four-year low after reports that one of its largest shareholders had sold a chunk of the troubled company’s stock.

March 1, 2013
Report: Publix considering making offer for Harris Teeter

Publix Super Markets is interested in Harris Teeter Supermarkets, Bloomberg reported.

February 27, 2013
Victoria’s Secret to make Hong Kong debut

A report by Bloomberg said that Limited Brands’ Victoria’s Secret banner would open its first stores in Hong Kong this year.

February 19, 2013
OfficeMax, Office Depot reportedly discussing merger

Office Depot and OfficeMax are in talks to merge, according to reports by the Wall Street Journal and Bloomberg.

February 15, 2013
Report: Office Depot in talks to sell off rest of Mexican unit

A Friday report by Bloomberg said that Office Depot is considering selling the remaining 50% of its Mexican unit to Grupo Gigante SAB, which currently owns the other half.

January 30, 2013
Abercrombie looks to convert former Beatles’ headquarters to store

Abercrombie & Fitch wants to turn the building that once housed the Beatles’ Apple Records into one of its namesake children’s stores, Bloomberg News reported.

January 29, 2013
Consumer confidence in January falls to 14-month low

A report released Tuesday by The Conference Board showed that confidence among U.S. consumers fell in January to its lowest point since November 2011.

January 29, 2013
Report: Supervalu sets rate on $2.4B loan for Cerberus sale

Bloomberg reported Tuesday that Supervalu Inc. has set the rate it will pay on $2.4 billion of loans to fund the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.

January 29, 2013
Report: Tesco revival gains traction

A report by Bloomberg said that Tesco Plc may be recovering from its financial doldrums, as the country’s largest supermarket chain has matched market growth for the first time in more than 18 months.

January 21, 2013
Ikea given approval to open stores in India

A report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

January 16, 2013
Apple retail VP to leave

Jerry McDougal, retail VP for Apple Inc., will be leaving the company, according to a report by Bloomberg.

January 3, 2013
Consumer confidence rises on hiring advance

A report released by Bloomberg showed that consumer sentiment climbed last week and U.S. companies added more workers than projected in December.

December 21, 2012
J.C. Penney hires former Abercrombie VP as director of visual merchandising

J.C. Penney Co. has hired Brandon Tonniges, a former Abercrombie & Fitch Co. executive, as director of visual merchandising, Bloomberg reported.

December 14, 2012
Report: Wal-Mart and Kroger interested in Hostess Brands

Wal-Mart Stores and Kroger are said to be among the bidders for assets being sold by Hostess Brands Inc., according to Bloomberg.

November 27, 2012
Consumer confidence rises to four-year high in November

A report released by the Conference Board showed that consumer confidence rose in November to the highest level in more than four years.

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