Skip to main content

Corporate Governance

  • Uptick in revenues for Ace

    Ace Hardware reported first-quarter revenues of $923.2 million, up 1.7% from the same quarter in 2012. Net income of $4.4 million was down from $10.2 million earned in 2012.

  • Rue21 to be acquired by Apax Partners in $1.1 billion deal

    New York -- Rue21 shareholder Apax Partners will acquire the teen apparel retailer in a deal valued at about $1.1 billion. The private equity firm, which has a 30% stake in rue21, also owns Cole Haan and Takko Fashion as part of its retail portfolio.

    Rue21 said it has set up a special committee of independent directors to solicit and evaluate higher bids during a 40-day go-shop period.

     

  • Record results for Dollar Tree in Q1

    CHESAPEAKE, Va. — Dollar Tree achieved the highest first-quarter operating margin in its history in the first quarter ended May 4.

    Consolidated net sales for the first quarter ended May 4 were $1.9 billion, an 8% increase from $1.7 billion for the quarter ended April 28 last year. The value retailer saw a comparable store sales increase of 2% on top of a 6% increase for the first quarter last year.

  • Bon Ton boosts net sales, lowers net loss

    Normal 0 false false false MicrosoftInternetExplorer4

  • Ralph Lauren’s Q4 profit jumps 35%

    New York – Ralph Lauren Corporation reported increases in sales and net income during both fourth quarter and the full year of fiscal 2013. Quarterly retail sales rose 7% from $752 million to $804 million, while annual retail sales rose 6% from $3.4 billion to $3.6 billion. Ralph Lauren attributed both the fourth quarter and full year retail sales improvement to incremental contribution from new stores and e-commerce operations, as well as consolidated comparable store sales growth of 3%.

  • Sam’s Club locations open to non-members in Central Okla.

    BENTONVILLE, Ark. — Five Sam’s Club locations in Central Oklahoma are temporarily waiving membership requirements to support residents and communities affected by the tornadoes that ravaged the area May 20. 

    The clubs also established free power stations so members of the community without power could recharge their mobile devices, laptop computers and other electronic devices.

  • Consumer confidence rises on economic optimism

    New York -- A Thursday report by Bloomberg said that U.S. consumer confidence for the week ended May 19 advanced, indicating that Americans’ outlook on the economy is optimistic.

    The weekly Bloomberg Consumer Comfort Index increased to minus 29.4 from minus 30.2 the prior week. A measure of personal finances was positive for a sixth consecutive week, the longest stretch in more than five years, according to Bloomberg.

  • Stein Mart reports higher profit in first quarter

    Normal 0 false false false MicrosoftInternetExplorer4
X
This ad will auto-close in 10 seconds