Skip to main content

FINANCE

  • Holiday spending better than expected

    Initial reports about holiday spending bode well for retailers.      Consumers spent 16% more on holiday purchases this year than in 2015, according to the International Council of Shopping Centers Post-Holiday Shopping Survey.   

  • Office Depot sells European business

    Office Depot Inc. continues to streamline its operations.    The office supply giant announced it has completed the sale of its European business to The Aurelius Group. The purchase price was not disclosed.    The transaction is part of the company's recently announced international divestiture strategy to focus on opportunities in its North American business.  

  • Holiday spending surpasses expectations

    Initial reports about holiday spending bode well for retailers.   Consumers spent 16% more on holiday purchases this year than in 2015, according to the International Council of Shopping Centers Post-Holiday Shopping Survey.  

  • Concerns raised over Cabela’s, Bass Pro Shops deal

    Federal regulators have raised questions over Bass Pro Shops' $4.5 billion deal to acquire Cabela's Inc.    In a regulatory filing Friday, Cabela's said the Federal Trade Commission had requested additional information from both Cabela's and Bass Pro Shops, according to Foxnews.com.   

  • Iconix Brand unloads Sharper Image

    Iconix Brand Group has sold the rights to the Sharper Image brand and related intellectual property assets to the company that recently bought FAO Schwarz from Toys “R” Us.      Iconix sold Sharper Image to ThreeSixty Group, which manufactures and distributes toys and other consumer products to stores nationwide, for $100 million in cash. ThreeSixty is also Sharper Image’s largest licensee.   

  • Bankrupt fashion retailer to initiate auction process

    Nasty Gal is moving ahead with plans to be acquired by a British online fast-fashion retailer.     

  • Report: Sears lines up more credit from its CEO

    Sears Holdings Corp. has received another lifeline courtesy of CEO Eddie Lampert.    The struggling retailer said it has received loan, called a secured letter of credit, for $200 million, with an option to expand the amount to as much as $500 million with the consent of lenders.  

  • Closing time for the Limited?

    As the new year begins, it’s not looking very good for the ailing Limited Stores.   Reports are coming in from around the country of Limited store closings, The Columbus Dispatch reported. In Florida, some stores closed after business hours on Christmas Eve.  
X
This ad will auto-close in 10 seconds