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Finance & Capital Management

  • NRF welcomes job creation emphasis in State of Union address

    Washington, D.C. -- The National Retail Federation said it welcomed the emphasis on job creation in President Obama’s State of the Union address, saying that it will help restore the nation's economic state.

  • Walmart opens second superstore store in Chicago

    New York City -- Wal-Mart Stores Inc. on Wednesday opened its second supercenter and fifth location overall in Chicago.

  • "Fresh Air" era begins at JCP

    NEW YORK— The transformation of JCPenney into America’ favorite store will begin with dramatically simplified pricing strategy and promotional cadence supplemented by an improved product presentation that will allow the 110-year-old company to regain its personality with a new generation of shoppers, according to CEO Ron Johnson.

  • Judge approves A&P bankruptcy exit financing

    New York City -- The judge in the Great Atlantic & Pacific Tea Company’s Chapter 11 bankruptcy case on Tuesday approved a $750 million exit financing plan for the supermarket operator.

    The approval moves A&P closer toward exiting Chapter 11 and operating as a  privately held company.

    The financing package consists of a $400 million revolving loan and a $350 million term loan from J.P. Morgan Chase and Credit Suisse.

  • Kohl’s to open Dallas DC to support e-commerce growth

    Menomonee Falls, Wis. -- Kohl’s Department Stores said Tuesday it will build a new e-commerce distribution center in DeSoto, Texas, outside Dallas.

    The 951,000-sq.-ft. DC, which is slated to open in summer 2012, will fulfill Kohls.com purchases. Kohl’s said it will close on the agreement once the building process is complete.

  • McDonald’s revenue, operating income up in Q4 and full year

    Oak Brook, Ill. -- McDonald’s Corp. reported Tuesday that consolidated revenues for fiscal 2011 rose 12% to a record-high $27 billion. The restaurant chain also said that global same-store sales increased 5.6% for the year ended Dec. 31, with positive comps across all geographic segments for every quarter.

    "During 2011, McDonald's continued momentum drove higher profitability and market share gains as we fortified our leadership position around the world," said McDonald's CEO Jim Skinner.

  • Macy's: Martha Stewart, JCP deal not 'a good thing'

    NEW YORK — A New York state Supreme Court filing on Monday disclosed that Macy’s Inc. is suing Martha Stewart Living Omnimedia Inc. for breach of contract after Martha Stewart set up a new deal last December with JCPenney to sell products at its stores.

  • Poulet Rose to open on Upper East Side

    New York City -- Prudential Douglas Elliman's Retail Group said it has arranged a long-term lease at 1225 Madison Avenue for Poulet Rose, the recently launched tween division of young girl's fashion and accessories brand Pink Chicken.  

    The current lease represents the brands' first standalone store in New York City, with only one other, a Pink Chicken, located in Amagansett. 
     

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