Retail

Trian Makes Offer for Family Dollar

Trian Makes Offer for Family Dollar

MATTHEWS, N.C.–Trian Group has offered to acquire Family Dollar in a deal that could cost the investor fund between $7 billion and $7.6 billion, according to a filing with the U.S. Securities and Exchange Commission. Trian—which is led by Nelson Peltz, Peter May and Edward Garden—currently holds about eight percent of the retailer’s outstanding shares,More »

Iconix Boosts Q4 Net, Reports Record Results for Year

Iconix Boosts Q4 Net, Reports Record Results for Year

NEW YORK–Net income for Iconix Brand Group totaled $24.3 million in its fourth quarter, up 14 percent over its bottom line from the fourth quarter of last year. The company also said it achieved record results for fiscal year 2010 as a whole. Net income for the year reached $110.5 million, an increase of 45More »

Retail Sales Tick Up in January

Retail Sales Tick Up in January

WASHINGTON–Sales by U.S. retailers totaled $381.6 billion in January, up 0.3 percent from December and 7.8 percent from January 2010, according to figures released this morning by the U.S. Census Bureau. For retailers that offer home furnishings, the first month of the year presented a mixed picture. Sales at general-merchandise stores rose 0.8 percent, includingMore »

Davis Upped to Head Walmart Global Consumer Insights

Davis Upped to Head Walmart Global Consumer Insights

BENTONVILLE, Ark.–Walmart has promoted Cindy Davis to executive vice president of global consumer insights, a new department in the company. As head of this new team, Davis is responsible for helping both Walmart and Sam’s Club understand broad consumer trends, providing insights into customers needs throughout the world and creating advanced analytical tools to supportMore »

One Kings Lane Receives $23M from Investors

One Kings Lane Receives $23M from Investors

SAN FRANCISCO–One Kings Lane, the private online shopping destination for home decor, furnishings and accessories, has raised $23 million in Series B financing, co-led by existing investor Kleiner Perkins Caufield & Byers and new investor Greylock Partners.  Additional participants include existing investors First Round Capital and Reid Hoffman, as well as new investors TriplePoint CapitalMore »

iRobot Boosts Net by 36 Percent in Fourth Quarter

iRobot Boosts Net by 36 Percent in Fourth Quarter

BEDFORD, Mass.–Fourth-quarter net income for iRobot jumped to $7 million, 36 percent more than in its fiscal fourth quarter of last year. The company—which, among other businesses, manufactures and markets home-vacuum robots such as the Roomba—reported a gain in total revenues of 12 percent to $114 million. This included a 14 percent gain in product revenueMore »

Ackman, Roth Named to J.C. Penney Board

Bill Ackman

PLANO, Texas–William Ackman, founder and chief executive officer of Pershing Square Capital Management, and Steven Roth, chairman of Vornado Realty Trust, have been appointed to the J.C. Penney board of directors. A J.C. Penney statement said Pershing Square (described in press reports as an “activist” investment firm) and Vornado are among the retailer’s largest shareholders.More »