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  • Rite Aid forecasts Q1 profit; in debt refinancing move

    Camp Hill, Pa. -- Rite Aid projected that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week. The company has also moved to refinance its debt, announcing that it would buy half a billion dollars in notes using proceeds from a new loan, while also

    The retail pharmacy chain said it would buy $500 million worth of 7.5% Senior Secured Notes, due 2017, using the proceeds from a $500 million second lien term loan.

    The offer will expire on July 5 unless it's extended, the company said.

  • Retailers add 28K jobs in May

    Washington, D.C. -- U.S. retailers added almost 28,000 new jobs in May, according to statistics from the Department of Labor. This followed 20,000 new retail hires in April.

    Restaurants hired another 38,000 people last month.

    New retail and restaurant hires helped drive the addition of 175,000 total new jobs to the U.S. economy in May.

     

  • B&G Foods acquires Pirate Booty and associated brands

    PARSIPPANY, N.J. — B&G Foods has acquired Robert’s American Gourmet Food, doing business as Pirate Brands — an all-natural snack foods category — from VMG Partners, Driven Capital Management, founder Robert Ehrlich and other entities and individuals.

    B&G will pay approximately $195 million in cash.

  • Bloomberg: Retail sales edge up 0.4% in May

    New York – Initial Bloomberg estimates indicate US retail sales edged up 0.4% last month, with growth in the job market spurring increased consumer willingness to spend money. The projected increase is the largest in three months and follows smaller increases of 0.1% in April.

  • NRF: Father’s Day spending to rise slightly

    Washington, D.C. -- Americans will spend a little bit more on dad this year, stretching their budgets enough to show their favorite man just how much he is appreciated, according to a survey by the National Retail Foundation.

    The group, 2013 Father’s Day spending survey, conducted by BIGinsight, found that the average consumer will shell out $119.84 on dad’s gifts this year, up from $117.14 last year. Total spending for Father’s Day is expected to reach $13.3 billion.

  • NRF survey says Dad’s in for a good Father’s Day

    WASHINGTON — Americans are going to stretch their budgets and spend a little more on dad this year, according to NRF’s 2013 Father’s Day spending survey conducted by BIGinsight. The average person is expected to shell out $119.84 on gifts this year, an increase of 2% from $117.14 last year. 

    Total spending by people 18 and older in the United States for Father’s Day is expected to reach $13.3 billion.

  • The Bangladesh Tragedy: The Tipping Point From Hell

    By John Paluszek, [email protected]

    This time it is different.
     
    But the question remains: Is it different enough? Let us, then, count the ways.
     
    The “tipping point” may seem facile, but the current dramatic increment of tragic incidents is now more toxic to more corporate reputations.  That’s a big deal, generating a new dimension of company action.
     

  • Merchandising message on tap for next Wednesday

    Walmart U.S. chief merchandising and marketing officer Duncan Mac Naughton will have some explaining to do next week when he is scheduled to participate in the 33rd Annual William Blair Growth Stock Conference on Wednesday, June 12.

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