\r\n\t \r\n\tSales rose to $1.05 billion for the quarter that ended March 31, up from $805 million in the first three months of last year. The company noted that footwear sales soared more than 60% to $264 million amid the popularity of NBA superstar Stephen Curry’s signature basketball shoe line and expanded running offerings. \r\n\t \r","showSummary":null,"url":"/news/stephen-curry-helps-propel-under-armour-billion-dollar-quarter","date":"2016-04-21T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58625,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40363.jpg?itok=AjE33fbm","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Report: Potential buyers fishing for Cabela’s","id":53812,"bundle":"article","summary":"
A well-known outdoor retailer and private equity firm may be interested in purchasing hunting and fishing chain Cabela’s. \r\n\t \r\n\tAccording to Reuters, Bass Pro Shops Inc. and the private equity division of Goldman Sachs Group Inc. are preparing to make a buyout offer. Cabela’s said in December it was exploring strategic alternatives that could include a sale. \r\n\t \r\n\tClick here for more.
\r\n","showSummary":null,"url":"/news/report-potential-buyers-fishing-cabelas","date":"2016-04-21T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58622,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40362.jpg?itok=uRX0tNnP","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Online retailer taps industry vet as CFO","id":53848,"bundle":"article","summary":"
ModCloth, known for its indie and vintage-inspired styles, appointed Phil Neri as chief financial officer (CFO), starting April 15.
\r\n
Neri joins ModCloth with over two decades of financial and operational experience in the consumer, online and multichannel retail sector, most recently serving as CFO at home and lifestyle brand Serena & Lily since 2011.
Lowe's Companies Inc. is pricing a $3.3 billion notes offering, with an eye toward supporting a planned purchase of another home improvement retailer.
\r\n
The retailer has agreed to sell $250 million of floating rate notes due 2019, $350 million of 1.15% notes due 2019, $1.35 billion of 2.5% notes due 2026 and $1.35 billion of 3.7% notes due 2046.
","showSummary":null,"url":"/news/lowes-funds-rona-acquisition","date":"2016-04-13T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58428,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40295.jpg?itok=jhJg5qwk","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Cheap gas doesn’t fuel sales in March","id":53874,"bundle":"article","summary":"
Even with fuel prices continuing to be low across the nation, U.S. retail sales were stagnant in March 2016.
\r\n
According to advance data from the U.S. Department of Commerce, total seasonally adjusted retail and food services sales in the U.S. fell 0.3% to $446.9 billion compared to $448.2 billion in February 2016.
\r\n
This continued shaky performance in 2016 that has included flat sales in February and a decline in January.
","showSummary":null,"url":"/news/cheap-gas-doesnt-fuel-sales-march","date":"2016-04-13T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58443,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40300.jpg?itok=oLDJH6je","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Chicago-area shopping center sells for $20 million","id":53882,"bundle":"article","summary":"
Mid-America Real Estate Corp.’s investment sales team recently brokered the sale of Oak Brook Court. Tampa, Florida-based Third Lake Capital acquired the 103,836-sq.-ft. property for $19.95 million. Oak
\r\n
Brook Court is located at the northeast corner of Kingery Highway (Illinois Route 83) and 16th Street in Oak Brook Illinois, part of the Chicago metropolitan statistical area. The center is anchored by Binny’s Beverage Depot, Office Max and The Great Escape.
","showSummary":null,"url":"/real-estate/chicago-area-shopping-center-sells-0-million","date":"2016-04-12T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58421,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40292.jpg?itok=VoFs0jO7","width":767,"height":575,"alt":null},"topics":[{"name":"REAL ESTATE","url":"/real-estate"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"99 Cents Only bolsters capital structure","id":53890,"bundle":"article","summary":"
Leading single price point retailer 99 Cents Only has secured a major amendment and extension of its credit facility until 2021.
\r\n
The operator of 391 stores, 283 of which are located in California, announced it successfully completed an amendment and extension of its asset-based revolving credit facility providing commitment of up to $160 million and extending the maturity date by five years to April 8, 2021.
","showSummary":null,"url":"/news/cents-only-bolsters-capital-structure","date":"2016-04-12T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58400,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40284.jpg?itok=c-2BgfR8","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Sears Holdings obtains $500 million loan — with some help from Eddie Lampert","id":53916,"bundle":"article","summary":"
Sears Holdings Corp. announced it obtained a 15-month $500 million secured loan facility. ESL Investments, the company controlled by Sears chairman and CEO Edward Lampert, helped provide part of the loan and is entitled to related fees. \r\n\t \r\n\tSears said $250 million of the 15-month loan was funded on Friday with the remainder being accessible in the future. \r\n\t \r","showSummary":null,"url":"/news/sears-holdings-obtains-00-million-loan-some-help-eddie-lampert","date":"2016-04-08T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58336,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40258.jpg?itok=AX4cZgde","width":620,"height":413,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Bed Bath & Beyond rewards investors in new ways","id":53933,"bundle":"article","summary":"
Bed Bath & Beyond has entered a new phase in its growth trajectory, becoming more aggressive in returning cash to shareholders and initiating a quarterly dividend as opposed to fueling top-line growth with rapid store expansion. \r\n\t \r","showSummary":null,"url":"/news/bed-bath-beyond-rewards-investors-new-ways","date":"2016-04-07T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":58284,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_40240.jpg?itok=Pr0J4Ff3","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Home Depot looking to grow sales this spring","id":53925,"bundle":"article","summary":"
ModCloth, known for its indie and vintage-inspired styles, appointed Phil Neri as chief financial officer (CFO), starting April 15.
Neri joins ModCloth with over two decades of financial and operational experience in the consumer, online and multichannel retail sector, most recently serving as CFO at home and lifestyle brand Serena & Lily since 2011.
Lowe's Companies Inc. is pricing a $3.3 billion notes offering, with an eye toward supporting a planned purchase of another home improvement retailer.
The retailer has agreed to sell $250 million of floating rate notes due 2019, $350 million of 1.15% notes due 2019, $1.35 billion of 2.5% notes due 2026 and $1.35 billion of 3.7% notes due 2046.
Even with fuel prices continuing to be low across the nation, U.S. retail sales were stagnant in March 2016.
According to advance data from the U.S. Department of Commerce, total seasonally adjusted retail and food services sales in the U.S. fell 0.3% to $446.9 billion compared to $448.2 billion in February 2016.
This continued shaky performance in 2016 that has included flat sales in February and a decline in January.
Mid-America Real Estate Corp.’s investment sales team recently brokered the sale of Oak Brook Court. Tampa, Florida-based Third Lake Capital acquired the 103,836-sq.-ft. property for $19.95 million. Oak
Brook Court is located at the northeast corner of Kingery Highway (Illinois Route 83) and 16th Street in Oak Brook Illinois, part of the Chicago metropolitan statistical area. The center is anchored by Binny’s Beverage Depot, Office Max and The Great Escape.
Leading single price point retailer 99 Cents Only has secured a major amendment and extension of its credit facility until 2021.
The operator of 391 stores, 283 of which are located in California, announced it successfully completed an amendment and extension of its asset-based revolving credit facility providing commitment of up to $160 million and extending the maturity date by five years to April 8, 2021.
Sears Holdings Corp. announced it obtained a 15-month $500 million secured loan facility. ESL Investments, the company controlled by Sears chairman and CEO Edward Lampert, helped provide part of the loan and is entitled to related fees.
Sears said $250 million of the 15-month loan was funded on Friday with the remainder being accessible in the future.
Bed Bath & Beyond has entered a new phase in its growth trajectory, becoming more aggressive in returning cash to shareholders and initiating a quarterly dividend as opposed to fueling top-line growth with rapid store expansion.
Home Depot’s is touting improved omnichannel capabilities and an innovative product offering as its seventh annual “Spring Black Friday” sales event gets underway.