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Report: Sycamore in early discussion to acquire Fred’s
New York -- Sycamore Partners is in early discussion with Fred’s about a potential takeover, Reuters reported.
In January, Fred's disclosed it had hired Bank of America Corp. and Peter J. Solomon Co to explore strategic alternatives after disappointing holiday sales.
According to the report, at least one other party in also in talks with Fred's. -
Back-to-school/college spending shows slight year-over-year improvement
Families this summer will spend slightly more on back-to-school items than they did in 2013. According to NRF’s 2014 Back-to-School Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics, up 5% from $634.78 in 2013.