Content about Financial economics

May 22, 2013
BDO report: Retailers rate economy and regulatory as top risks

General economic conditions and federal, state and/or local regulations rank as the top two risks facing the retail industry, according to a new report by BDO USA.

May 17, 2013
Brixmor names former Kimco COO as new president/CFO

New York -- Brixmor Property Group has appointed Michael V. Pappagallo as president and CFO, effective May 20.

Pappagallo will play an integral role in the execution of Brixmor's long-term business and capital markets strategy.  In addition, he will lead the company's finance and accounting teams, as well as have functional oversight of its property operations, information technology, acquisitions/dispositions and investor relations efforts.

May 15, 2013
Safeway stockholders approve BOD recommendations

Preliminary results from the Safeway annual stockholder’s meeting show that a majority of stockholders followed board of directors recommendations in electing each of the eight directors with a majority of at least 73%.

May 13, 2013
Toys ‘R’ Us names interim CEO

Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

May 10, 2013
Private equity firm TowerBrook Capital to acquire True Religion for $835 million

True Religion Apparel has entered into a definitive merger agreement with New York and London-based investment management firm TowerBrook Capital Partners, in a transaction valued at approximately $835 million.

May 1, 2013
Sports Chalet taps Financial Profiles to be investor relations firm

Sport Chalet announced it has retained Financial Profiles as its investor relations firm.

April 26, 2013
Report: Goldman Sachs arranges $1.75 billion J.C. Penney loan

Goldman Sachs has put together a $1.75 billion financing package for J.C. Penney Co., with the loan backed by the retailer’s real estate and other assets, according to CNBC.

April 17, 2013
Stein Mart granted OK for continued Nasdaq listing

Stein Mart said Wednesday that it has been granted approval to continue its listing on the Nasdaq stock market while it works to secure full compliance with listing requirements.

April 12, 2013
WSJ: Hedge fund pressures Jones Group to sell parts of portfolio

A report by the Wall Street Journal said that hedge fund Barington Capital Group is pressing Jones Group Inc. to slim down by divesting parts of its portfolio.

April 10, 2013
Report: Ackman sticking with J.C. Penney

A Wednesday report by Women’s Wear Daily quoted activist investor Bill Ackman, whose Pershing Square Capital Management is the largest shareholder of J.C. Penney Co., as saying that he won’t abandon the retailer following this week’s CEO shake-up.

March 25, 2013
Research: American Express and USAA tops in credit card customer experience

Research results released by Temkin revealed that, based on a study of 10,000 U.S consumers, American Express and USAA earned the top spots in the credit card sector.

March 15, 2013
The Retail M&A Market: Trends for 2013

Mergers and acquisitions transaction activity in the U.S. retail sector jumped 39% in 2012 for deals greater than $50 million, while total deal value more than doubled. These gains point to an industry undergoing major changes, one that is attracting considerable interest from a wide range of players.

March 7, 2013
Sycamore Partners to acquire Hot Topic for $600 million

Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

February 27, 2013
Report: Always-on consumers, showrooming among 2013 retail trends

A new report by Experian Marketing Services finds that several key retail trends will impact how marketers shape their messages in 2013.

February 11, 2013
MasterCard partners with Mu Sigma to launch analytics products

MasterCard Advisors, a division of MasterCard, and analytics firm Mu Sigma announced a new partnership to develop analytic products toward solving business challenges such as acquiring customers and increasing customer loyalty.

February 6, 2013
2013: The year retail rebounds?

By Gary Glick, Cox, Castle & Nicholson LLP

January 16, 2013
Mastercard: Canada trailed U.S. in December sales growth

A report released by MasterCard revealed that Canadian retail sales, which grew just 1.6% in December, trailed the U.S., which also posted less than stellar results for the month.

January 11, 2013
Experian FootFall: Mixed results for holiday 2012

The 2012 holiday shopping season didn’t provide the sales and traffic lift anticipated by retailers, according to Experian FootFall.

January 9, 2013
MasterCard Advisors: December total U.S. retail sales up 2.4% year-over-year

Total retail sales (excluding automotive) for December 2012 grew by 2.4% year-over-year, according to a SpendingPulse report released Wednesday by MasterCard Advisors, the professional services arm of MasterCard.

January 4, 2013
GGP’s warrants acquired by Brookfield affiliates

General Growth Properties said it was informed by Brookfield Asset Management that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management.

January 3, 2013
SpendingPulse: Key categories over holiday in slight 0.7% year-over-year gain

Spending in key categories experienced a slight year-over-year gain of 0.7% during the 2012 holiday period, with the season slowed down by a combination of factors, according to a SpendingPulse report released by MasterCard Advisors, the professional services arm of MasterCard.

December 28, 2012
Christmas Day retail visits up 27% year over year

A report issued Thursday by Experian Marketing Services found that online traffic to the top 500 retail sites on Christmas Day 2012 rose 27% compared to 2011.

December 20, 2012
Experian FootFall: Super Saturday could surpass Black Friday

Shopper analytics firm Experian FootFall said that the final Saturday before Christmas – Super Saturday – could eclipse Black Friday as the top performer this holiday season.

December 13, 2012
Report: Best Buy founder to make $5 billion to $6 billion buy-back bid

A report by the Minneapolis Star Tribune said that Best Buy Co. founder Richard Schulze is expected to make a fully financed offer of $5 billion to $6 billion by the end of the week to buy the retailer.

December 12, 2012
MasterCard Spending Pulse shows small retailer rebound in November

A SpendingPulse report released by MasterCard Advisors in partnership with Wells Fargo found that spending at small retailers in November picked up a percentage point since October, showing a 5.2% year over year improvement.

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