Finance

TJX joins exodus of retailers no longer reporting monthly sales
May 09, 2013
TJX Cos. has joined the growing ranks of retailers who no longer report...
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Canadian Tire Corp. to capitalize on real estate holdings with REIT
May 09, 2013
Canadian Tire Corp. plans to spin off most of its real estate assets into...
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Marks & Spencer completes rollout of Visa contactless payments
May 09, 2013
Britain’s Marks & Spencer (M&S) has completed the roll out of...
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Gallup: Americans would rather save
May 09, 2013
A substantially higher percentage of Americans (60%) would rather save...
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Mixed-bag for retailers in April; TJX, Gap and The Buckle shine
May 09, 2013
TJX Cos., Gap Inc., The Buckle and Zumiez all reported better-than-...
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Foot Locker to buy German athletic footwear chain Runners Point
May 08, 2013
Foot Locker Inc. said Wednesday that it will buy German athletic store...
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Stein Mart same-store revenue surges in April
May 08, 2013
Revenue at stores open at least one year climbed 8% last month for...
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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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