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  • Target remains confident in the face of sales and expense pressures

    Target CFO Doug Scovanner moderated analysts’ second-quarter and full-year earnings expectations slightly, although it can at times be difficult to tell given the language used to communicate in the Wall Street guidance game.

  • Forest City names new regional president in Texas

    Cleveland, Ohio --Forest City Enterprises, Inc., announced the creation of a new leadership position to support the company’s growing presence in the Texas real estate market.  

    Effective immediately, Brian Ratner has been promoted to president of Forest City Texas and will lead the company’s Texas operations from its regional office in Dallas.    

  • Gap Inc. earnings suffer on higher cost of goods

    SAN FRANCISCO — The rising cost of goods and a challenging economic environment took its toll on Gap Inc.'s first-quarter sales and earnings. Gap Inc. reported that net income for the first quarter decreased 23% to $233 million compared with $302 million for the first quarter last year. First quarter diluted earnings per share was 40 cents.  

  • Samuels & Co. completes 5 deals for Merlin Entertainments

    Los Angeles -- Samuels & Co. Inc. said it has recently completed five transactions for Merlin Entertainments Group, the second largest location-based entertainment company in the world which develops, owns and operates outdoor theme parks and indoor attractions.  

  • Select Kroger stores selling Bombay Furniture-branded home decor

    New York -- Bombay Company said Kroger Co. has introduced select Bombay furniture, accessories and gifts at 180 of its stores, Furniture Today reported. 

    The merchandise mix includes “mirrors, vases and novelty accents, as well as furniture pieces such as chairs, upholstered pieces, accent tables and iconic Bombay coffee tables," Bombay said in a release. 

  • Get schooled on where college students shop

    OBERLIN, Ohio — Walmart and Target are the top go-to retail stores for college students, according to a new study.

  • Simon to develop Phoenix Premium Outlets

    Indianapolis -- Simon Property Group Inc. announced that its Premium Outlets division has reached an agreement with the Gila River Indian Community's Wild Horse Pass Development Authority to develop Phoenix Premium Outlets, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas. 

  • Liberty Media makes $1 billion bid for Barnes & Noble

    New York City -- Liberty Media Corp. has offered to buy Barnes & Noble in a deal valued at about $1 billion, which represents a 20% premium over the bookseller’s market value Thursday. Barnes & Noble said Thursday that the cash offer, which the Wall Street Journal called a “stunner,” is worth $17 a share.

    The companies have yet to sign an agreement.

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