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Financial/Banking

  • Report: Sports Authority may sell stores to Dick's

    Sports Authority Inc., which is reportedly preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to Bloomberg.

    Sports Authority, once the largest sporting-goods retailer in the U.S., is heading toward default after years of losing ground to competitors. The Englewood, Colorado-based chain missed a Jan. 15 interest payment on some of its debt and failed to make the payment during a 30-day grace period.

  • Study: E-commerce fraud risk varies by location

    When it comes to fraudulent online transactions, one state in particular may warrant a little extra attention from retailers.

    Analysis of millions of 2015 e-commerce transactions by Experian indicates Florida is the overall riskiest state for billing fraud, followed by Delaware; Washington, D.C.; Oregon and California. Billing fraud states are determined by where the consumer whose information was illegally used resides.

  • More good news for J.C. Penney

    J.C. Penney on Monday received an official vote of confidence in its performance: an improved credit rating.

    Fitch Ratings upgraded Penney’s credit rating, saying the department store retailer has “demonstrated a meaningful turnaround of its business over the last over the last two years.” Fitch upgraded Penney from B- to B with a positive outlook.

  • CBRE arranges sale of White Bear Marketplace

    Minneapolis -- CBRE’s Capital Markets Investment Properties Group announced it has arranged the sale of White Bear Marketplace, located in St. Paul Minnesota, on behalf of its client, Oppidan Investment Company. CBRE’s SVP Jim Leary and senior associate Jeff Budish represented Oppidan Investment Company in the transaction.

  • Dillard’s stocking on its own shares

    Dillard’s has approved a new share repurchase program authorizing the company to repurchase up to $500 million of its Class A Common Stock.

    The new open-ended authorization permits the company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The company completed the authorization under its previous $500 million share repurchase program during the fourth quarter of 2015.

  • The new face of mobile payment

    An emerging consumer demographic is showing strong support for an emerging trend in transactions.

    A new GfK study of 1,000 U.S. consumers shows that Generation Z (ages 18 to 24) is twice as likely to make a mobile payment as the total population. Smartphones, tablets, and other mobile devices account for just 3% of all transactions in the U.S. – but 7% among Gen Z.

  • Veteran investment sales professional returns to CBRE

    Chicago -- CBRE Group announced that Blake Johnson has joined CBRE Capital Markets as executive VP. Based in Chicago, Johnson will join the firm’s Institutional Properties team and will be responsible for office investment sales, with a concentrated focus on Chicago central business district (CBD) office transactions. Johnson will partner with Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark to expand the firm’s market share in the region.

  • Consumer confidence slips in February

    Consumer confidence fell into a slump in February, driven largely by a less optimistic view of business conditions.

    According to the Conference Board, the index currently stands at 92.2, down from 97.8 in January.

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