Financial
Kitson Secures $15M Credit Facility
According to Christopher Lee, the specialty chain’s chief executive officer, the company is seeking prospective investors and strategic partners.
— May 23, 2013
L Brands' Q1 Profit Up, Beats Projections
The operator of Victoria's Secret, Bath & Body Works, La Senza and Henri Bendel expects continued earnings growth this year.
— May 22, 2013
J.C. Penney Raises Additional $500M
The troubled retailer finalized a five-year $2.25 billion term loan, which was arranged by Goldman Sachs and is secured by its real estate.
— May 22, 2013
Carrefour Sells Stake in Middle East Operation
The world’s second-largest retailer after Wal-Mart Stores Inc. said Wednesday it has sold its 25 percent stake in Majid Al Futtaim Hypermarkets for $700.4M.
— May 22, 2013
American Eagle Q1 Profits Fall
The teen retailer still managed to beat Wall Street's consensus expectations by one cent.
— May 22, 2013
Target Cuts Outlook for Second Quarter
First quarter results reported Wednesday were even worse than the retailer projected.
— May 22, 2013
