Retail Executive Finance News

11/01/2012 - 10:50am
Lids to acquire retail stores from Fanatics

Lids Sports Group announced that its retail division will purchase 12 stores from Fanatics Inc., comprised of nine FansEdge locations in the Greater Chicago area as well as one in Oklahoma and two Football Fanatics in Jacksonville, Fla.



11/01/2012 - 10:49am
Survey: Online, mobile shopping on the rise for the holidays

Survey results released by PriceGrabber revealed that 16% of consumers will shop using a mobile device during the holiday season, compared with 13% last year.

11/01/2012 - 10:45am
TJX shines among discounters in October

The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase.

11/01/2012 - 10:42am
Department stores strong in October, led by Nordstrom

As the holidays approach and retailers are still recovering from Hurricane Sandy, October same-store sales results showcased consistent strength in the department store category.

11/01/2012 - 10:37am
October comps a mixed bag

With retail books closed prior to Hurricane Sandy’s arrival in the Northeast, most retailers experienced same-store sales gains for the month of October, some with stronger showings than others.

10/31/2012 - 5:08pm
Icahn reveals 10% stake in Netflix

A filing disclosure on Wednesday revealed that billionaire investor Carl Icahn has built a 10% stake in Netflix, suggesting that dramatic changes in the company could loom.

10/31/2012 - 5:01pm
HSN profit falls 27% in Q3

Multichannel retailer HSN Inc. reported that net income for the third quarter dropped 27.2% to $17.7 million, from $24.3 million in the year-ago period.

10/31/2012 - 4:59pm
PriceSmart sales and profit rise in Q4

Warehouse club operator PriceSmart reported Wednesday that net income for the quarter ended Aug. 31 rose to $17.7 million from $12.7 million in the year-ago period.

10/31/2012 - 10:42am
Office Depot adopts poison pill defense

Office Depot Inc. said it has approved a poison pill defense to preclude investor Starboard Value LP from waging a takeover of the company.

10/31/2012 - 10:39am
IIC-Intersport acquires 100% of The Athlete’s Foot

A report by Women’s Wear Daily said that sporting goods retailer IIC-Intersport International Corp. will acquire 100% of The Athlete’s Foot, expanding Intersport’s presence to 63 countries from its current 41.

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