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QVC Holding Onto Its Lead In Race To Acquire Paramount

NEW YORK -- After a 3 1/2 month struggle, QVC Network may be close to declaring itself the winner of Paramount Communications.

Viacom Inc., QVC's foe in the battle for the movie studio, has until 5:30 p.m. today to file an amended bid with the...

London Fog Net Increases 9.8% In Third Quarter

ELDERSBURG, Md. -- London Fog Industries reported net earnings in the third quarter ended Nov. 27 rose 9.8 percent with a 14.8 percent hike in sales.

Net earnings in the three months were $10.3 million versus $9.3 million a year ago. The most...

Few See Dillard Making a Play for R.H. Macy

NEW YORK -- Amid reports that Fidelity Investments continued to pitch its stake in R.H. Macy & Co. to retailers, there was widespread industry speculation Thursday doubting that Dillard Department Stores will make a play for the chain.

In...

Body Shop: Toning Up the Muscle

LITTLEHAMPTON, England -- The Body Shop International, which pioneered the retailing of environmentally conscious cosmetics in the Seventies, is undergoing a major reexamination to make sure its concept has staying power.

The 1,031-store chain...

Hear Macy Asks Biggest Creditor Not To Sell Claim

NEW YORK -- R.H. Macy & Co. huddled Wednesday with Fidelity Investors -- its largest secured creditor -- in a reported effort to convince the fund not to sell its $500 million claim to a rival retailer.

Fidelity, a Boston-based mutual fund...

May Co. In Talks To Buy Steiger; Might Be Eyeing Some Macy's Units

NEW YORK -- May Department Stores Co. reportedly is negotiating to buy the Albert Steiger Co., a 10-unit department store chain based in Springfield, Mass.

Meanwhile, reports concerning May Co. and R.H. Macy & Co. continued circulating...

Kmart To Take $1.3B Charge To Close, Move, Enlarge Stores

NEW YORK -- Kmart Corp., struggling to strengthen its discount store division, said it will take a $1.3 billion charge ($850 million after-tax) to substantially enlarge its store modernization program.

The charge excludes after-tax charges of...

Jones Apparel Files With SEC For Secondary Stock Offering

BRISTOL, Pa. -- Jones Apparel Group Inc. has filed a registration statement with the Securities & Exchange Commission for a secondary stock offering of 3.1 million shares.

The shares are to be sold by Sidney Kimmel, chairman; Andrew...

Oxford Hikes Dividend 9% Following Gains In 1st Half

ATLANTA -- Oxford Industries Inc. has increased its quarterly dividend by 9 percent to 18 cents a share from a previous 16.5 cents.

The increased dividend is payable Feb. 26 to stockholders of record on Feb. 11.

The action follows...

Horne Hires Firm to Eye Financing

PITTSBURGH -- Joseph Horne Co. has hired the investment banking firm of CS First Boston Corp. to explore the possible sale, merger or refinancing of the independently owned department store chain.

Horne, which operates 10 units in the...

CHH Shareholders Expected to Approve 11.8M New Shares

LOS ANGELES -- Shareholders of Carter Hawley Hale Stores are scheduled to meet on Feb. 25 to authorize 11.8 million new shares of common stock.

Approval is assured since two shareholders who control 60 percent of the eligible votes have agreed...

Ullman's Tenure At Macy's High Marks for a Tough Job

NEW YORK -- By many accounts, Myron E. Ullman has done a good job in a difficult situation, striving to salvage the beleaguered R.H. Macy & Co.

The chairman and chief executive of the $6.6 billion chain has closed stores, cut losses, met...

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