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Finance & Capital Management

  • Activist hedge fund Starboard Value pushes for Staples and Office Depot merger

    New York -- Activist investor Starboard Value LP, which helped put together the merger of OfficeMax and Office Depot, issued a letter on Tuesday calling for Staples Inc. and Office Depot Inc. to merge, saying it would lead to greater savings.

  • Sportsman's Warehouse offers military discount

    Sportsman’s Warehouse will honor those serving in the U.S. military and public safety occupations with a special promotion.

    On Military and Public Safety Appreciation Day, Jan. 24, 2015, the stores will offer discounts of up to 20%. Firearms, ammunition, optics and electronics will be offered with a 10% discount.

  • NRF disappointed in Supreme Court refusal to review swipe fees

    Washington, D.C. - The National Retail Federation (NRF) has publicly expressed disappointment at the U.S. Supreme Court’s announcement that it would not review an appellate court ruling on whether the Federal Reserve set a 2011 cap on debit card swipe fees higher than the level sought by Congress in legislation passed the year before.

  • Starboard sends Staples a ‘Dear Ron’ letter

    If Staples fails to merge with Office Depot, activist investor and major Staples shareholder Starboard Value LP is warning the company’s share price will crater and Chairman and CEO Ron Sargent needs to go.

    In a letter to Sargent, Starboard contends a combination with Office Depot, which hasn’t fully integrated with OfficeMax following a late 2013 merger, is the best way to maximize value for Staples' shareholders.

  • RPAI acquires the retail portion of Downtown Crown

    Washington, D.C. -- Retail Properties of America, Inc., has it closed on its $162.8-million acquisition of the retail portion of Downtown Crown, a class A mixed-use project located in Gaithersburg, Maryland (Washington, D.C. MSA). RPAI acquired the project from The JBG Companies and JBGR Retail.

  • Consumer sentiment in January hits 11-year high

    New York -- Consumers are feeling bullish, buoyed by low gas prices and an improving job market. The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, from a final reading of 93.6 for December.

  • Analysis: Target's Canadian Lessons

    In reviewing Target’s troubled expansion into Canada, Kantar Retail breaks down the misfires into a finance-operations model:

    BRAND

  • Belk streamlines workforce management with Reflexis

    Charlotte, N.C. – The store is still the center of profit, and Belk Inc. is focusing on increased control, efficiency and visibility of workforce activities to maximize that profit. Belk has implemented Reflexis Workforce Manager, Reflexis Time & Attendance, Reflexis Task Manager, and Reflexis Advanced Analytics & Reporting to streamline corporate-to-store communication, track completion status of important tasks and projects, increase labor efficiency, reduce costs, and comply with complex labor laws.

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