Finance

Tesco to exit U.S.; takes $3.5 billion global write-down
Apr 17, 2013
Grocery chain Fresh & Easy’s British parent Tesco confirmed Wednesday...
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J.C. Penney considering real estate spinoff to raise cash
Apr 16, 2013
A Tuesday report by Bloomberg said that J.C. Penney has an additional plan...
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Deloitte: Shoppers’ belts remain tight despite improving economy
Apr 16, 2013
Survey results by Deloitte, released Tuesday, found that even as the...
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Target warns Q1 profit will fall short of forecast
Apr 16, 2013
Target Corp. said it will miss its first-quarter profit outlook as...
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J.C. Penney taps $850 million from credit facility
Apr 15, 2013
J.C. Penney Co. on Monday announced it has drawn $850 million from its $1....
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Deloitte Consumer Spending Index holds steady
Apr 15, 2013
The Deloitte Consumer Spending Index ticked down slightly in March, but...
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Consumer confidence falls to nine-month low
Apr 12, 2013
A report released Friday found that confidence among American consumers...
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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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