News that Jo-Ann Stores has agreed to be acquired by an affiliate of private-equity firm Leonard Green & Partners for about $1.6 billion has sent shares of the craft retailer soaring 33% in premarket trading.
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So far this holiday season, U.S. online retail spending is up 12% from a year ago. More people took to the Internet last weekend to finish up their last-minute shopping, according to a ComScore report.
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Video game powerhouse Activision Blizzard (ATVI) is seeking $400 million in damages from Electronic Arts (ERTS) over its Call of Duty video game series.
Activision wants to add Electronic Arts as a defendant in a case against two former employees who…
This global designer, maker and retailer of fine jewelry and other gift items went through the recession like it never happened. The Tiffany name is globally known, yet analysts agree it has plenty of room to expand in the U.S….
Americans are returning to indulging in specialty foods the way they did before the recession, and they’ll likely make big purchases of these affordable luxuries during the holidays. A recent survey showed 63% of American consu…