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Trading Partners

  • Neighborhood Market at center of Bella Vista battle

    Walmart is used to encountering opposition to its new stores, just not in its own backyard.

    However, that is what’s been happening in the sprawling master planned community of Bella Vista, Ark., where residents, some of them anyway, are up in arms over a planned Walmart Neighborhood Market. They say the location of the proposed stores is a poor choice and the 24-hour store with four gas pumps will bring additional traffic to an already busy road.

  • When the only thing clear is the lack of clarity

    An “exclusive” report from Reuters this week suggests U.S. authorities are poised to put the retail industry under the microscope as a result of Walmart’s bribery scandal in Mexico.

  • Ex-Goldman Sachs exec joins ODP board

    Eugene Fife is the newest member of the Office Depot board.

    The office products retailer added Fife to the board after James Rubin stepped down. Rubin was required to give up his seat because of a stipulation in an investor rights agreement Office Depot struck with BC Partners in 2009 that gave the firm three board seats after it made a sizable investment. The agreement required BC Partners board members to be employed by the firm and because Rubin recently resigned from BC Partners he was no longer allowed to serve on the Office Depot board.

  • Jakks builds up portfolio with Maui acquisition

    MALIBU, Calif. — Jakks Pacific has acquired Ohio-based Maui Inc., a manufacturer and distributor of spring and summer activity toys, outdoor sports related toys, impulse toys including the popular Wave Hoop and Sky Ball products under the Maui Toys brand.

    Jakks Pacific has acquired all of the shares of stock of Maui, a 24-year-old, privately held company, and its Hong Kong based affiliate A.S. Design Limited. The business is comprised of proprietary non-licensed brands.

  • CBRE announces executive appointments

    Los Angeles -- CBRE Group said it has named Cal Frese as CEO of the company’s Americas business. In this role, Frese has responsibility for leading CBRE’s largest business segment, with more than $3 billion of annual revenue and more than 20,000 employees.

  • Iconix sees 5% boost in 2Q revenues

    NEW YORK — Iconix Brand Group reported that total revenue for the second quarter of 2012 was approximately $93.6 million, a 5% increase as compared with approximately $89.3 million in the second quarter of 2011.

  • Visa, Mastercard settlement settled nothing

    Walmart added its sizable voice to the growing ranks of those opposed to a settlement regarding transaction fees charged by Visa and MasterCard.

  • Revenues slip at Hasbro in Q2

    PAWTUCKET, R.I. — Hasbro reported that net revenues for the quarter were $811.5 million, a decrease of 11%, compared with $908.5 million in 2011. Second quarter 2012 net revenues declined 7% excluding a negative $34.4 million impact of foreign exchange.

    Net earnings for the second quarter 2012 were $43.4 million, or 33 cents per diluted share, versus $58.1 million, or 42 cents per diluted share, in 2011.

  • GNC elects president, CEO to chairman of the company's board

    PITTSBURGH — GNC Holdings on Friday elected company president and CEO Joseph Fortunato to serve as chairman. The board also has appointed Michael Hines to serve as lead independent director.

    Fortunato succeeds Norman Axelrod, who has resigned as chairman. Axelrod had been a member of the GNC board since March 2007.

  • Card issuer, merchant agreement unsettles some

    Visa and MasterCard announced a proposed $6.6 billion settlement to a long-running dispute over the fees they charge merchants, but a growing number of voices are saying not so fast.

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