Children’s clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.
Bain’s offer values Gymboree stock at $65.40 a share, a 24% premium t…
Holiday sales will rise an estimated 2.3% this year, according to forecasts from the National Retail Federation. It may not sound like much, but it will be a victory for retailers if they can enjoy their first decent year since…
Discount retailer Family Dollar posted a better-than-expected profit jump during the fourth quarter as it continues to lure budget-conscious shoppers into its stores. The company also announced plans to purchase $750 million of…
Rite Aid Corporation (RAD) announced a quarterly loss of 23 cents per diluted share, compared to a loss of 14 cents per share a year earlier, thanks to refinancing costs and falling revenues.
Revenue for the quarter ending Aug. 28 was $6.2 billion, compared with $6.3 billion a year earlier, the company said in a statement. Same store sales fell 1.5%.
The net loss included a charge…
Continue reading Rite Aid Earnings Highlight Another Rough Quarter
Rite Aid Earnings Highlight Another Rough Quarter originally appeared on DailyFinance on Thu, 23 Sep 2010 08:16:00.
Filed Under: Company News, Economy, Health Care, Retail
Two consecutive months of sales gains among the nation’s retailers may provide just enough confidence to trigger increased seasonal hiring this year. Even so, pre-recession hiring levels aren’t likely.
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