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Finance & Capital Management

  • Weis Markets freezing prices for 90 days

    SUNBURY, Pa. - Weis Markets has announced that it has lowered the prices on 2,400 staple items, and that it will freeze the prices of these products for 90 days through April 2. 

  • CVS to acquire Universal American's Medicare business for $1.25 billion

    Woonsocket, R.I. -- CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.'s Medicare prescription drug services unit. The deal will more than double the size of the chain’s Medicare drug business.

    CVS said it pursued the deal because with the country's population aging, a growing percentage of Americans will get their prescription drug coverage from Medicare.

  • The Container Store and Urban Outfitters to be Honored at NRF 2011 Annual Convention

    Executives from The Container Store and Urban Outfitters are among the retailers who will be honored at the National Retail Federation’s Annual Convention and EXPO, or BIG Show, which will be held at the Jacob Javits Center in New York City, Jan. 9-12, 2011.

    The recipients will accept their awards during the show’s Annual Retail Industry Luncheon on Tuesday, Jan. 11.

  • CNBC offers its take on Target

    This should be interesting. “Target: Inside the Bullseye” is scheduled to air on CNBC Thursday, Jan. 13 at 9 p.m. EST. The documentary will repeat that evening at 10 p.m., 12 a.m. and 1 a.m. and will also re-air again on Jan. 15 at 8 p.m. and 11 p.m.

  • Retail’s Clash of the Titans: Walmart and Target

    By Craig R. Johnson

  • Sales growth and challenging outlook on tap for Thursday

    Retailers who report monthly sales are set to report their best December results in several years this Thursday assuming preseason forecasts and in-season upward revisions prove accurate. Total holiday sales are forecast to increase in the low- to mid-single digits, and Thursday’s monthly results from the likes of Target, Macy’s, Kohl’s, TJX and others will offer an indication of how good a season it was.

  • J. Crew seeks $1.85 billion financing to fund leveraged buyout

    New York City -- J. Crew is seeking $1.85 billion of debt to help fund its $3 billion buyout by TPG Capital and Leonard Green & Partners LP.

    Bank of America Corp. and Goldman Sachs Group are arranging a $1 billion seven-year term loan, $600 million in senior unsecured notes and a $250 million five-year asset-based revolving line of credit, according to a commitment letter attached to a regulatory filing, Bloomberg reported.

  • B&N reports strong holiday bookstore comps

    NEW YORK - Barnes & Noble reported preliminary bookstore holiday comparable-store sales of 9.7% for the nine-week period ending Jan. 1. Driven by the company’s Nook e-reading device product line, Barnes & Noble bookstores said it achieved its largest retail sales day ever in the company’s nearly 40-year history on December 23, 2010. 

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