Finance

HSN's CFO takes on added role of COO
May 15, 2013
HSN Inc. said that it has appointed CFO Judy Schmeling to the additional...
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Safeway stockholders approve BOD recommendations
May 15, 2013
Preliminary results from the Safeway annual stockholder’s meeting show...
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Macy’s Q1 profit up 20%
May 15, 2013
Macy’s reported increases in sales and income for the first quarter of...
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Cache loss widens in Q1
May 14, 2013
Cache reported a loss of $18.5 million for the first quarter, widened from...
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New York City second to Hong Kong in world’s highest retail rents
May 14, 2013
CBRE Group released research findings on Tuesday that showed Hong Kong...
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Report: J.C. Penney stores, real estate worth $4.06 billion
May 14, 2013
A report by Reuters said that J.C. Penney Co.’s real estate holdings –...
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Mass affluent, Gen Y defer spending for retirement
May 13, 2013
In what could be bad news for retailers, “mass affluent” consumers (those...
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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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