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Talbots, Sycamore extend exclusivity agreement
Hingham, Mass. -- The Talbots and Sycamore Partners extended the exclusivity period for the private equity firm's non-binding $214.6 million takeover offer to May 22.
Talbots had entered into an exclusivity agreement with Sycamore on May 5, which was due to expire on May 15. -
Dick’s sees 53% profit surge in Q1, raises outlook; to open 40 stores in 2012
Pittsburgh -- Dick's Sporting Goods Inc. reported Tuesday that profit for the quarter ended April 28 surged 53% to $57.2 million, compared with $37.5 million for the year-ago period. The sporting goods retailer raised its earnings outlook for the year.
“For 2012, we are raising our full year guidance as we continue to invest in new stores and our e-commerce business, as well as our margin accelerators including inventory management, private brands, and product mix shift,” said Edward W. Stack, CEO.