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M&A and Financial ARCHIVE

J.C. Penney Closing 33 Stores, Laying Off 2,000  Jan 15, 2014 5:17 PM By Erin Lynch

J.C. Penney has announced that it will close 33 under performing stores across the country and laying off 2,000 employees in an effort to save $65 million.

Alibaba Bans Bitcoin on all Marketplace Sites  Jan 13, 2014 10:55 AM By Erin Lynch

While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.

Barnes & Noble Reports 6.6% Decrease in Holiday Sales  Jan 09, 2014 11:47 AM By Erin Lynch

The Barnes & Noble retail segment, which includes traditional brick-and-mortar stores and BN.com, released its 2013 holiday sales results which show a 6.6% decline compared to last year.

Rotunda Capital Acquires Majority Stake in Discount Ramps  Jan 08, 2014 4:43 PM By Tim Parry

Rotunda Capital Partners has acquired a majority stake in Discount Ramps, LLC from the online retailer of transportation and hauling products’ founder Joel Lederhause. The financial terms of the deal, which closed Dec. 20, were not disclosed.

Jos. A. Bank Rejects Men’s Wearhouse Acquisition Bid  Dec 23, 2013 10:50 AM By Erin Lynch

In a continuing game of back-and-forth, Jos. A. Bank has rejected the acquisition proposal from Men’s Wearhouse, citing the billion dollar proposal was “significantly undervalued.”

FedEx Net Income Up 14%  Dec 18, 2013 1:03 PM By Erin Lynch

FedEx released its second quarter financials on Dec. 18, which showed a net income of $500 million, up 14% from last year’s $438 million.

Backcountry Acquires European Online Retailer Bergfreunde.de  Dec 09, 2013 10:26 AM By MCM Staff

Backcountry.com, an online outdoor retailer, has expanded its global reach with the acquisition of Bergfreunde.de, an ecommerce company that caters to outdoor enthusiast in Germany, Austria, and Switzerland.

Aeropostale Sees Online Sales Decline in 3rd Quarter  Dec 04, 2013 5:23 PM By MCM Staff

Aeropostale, a specialty retailer of casual apparel for young women and men, released its third quarter results, which showed a 15% decrease in net sales and comparable sales, which include the ecommerce channel. CEO Thomas P. Johnson said in the release that he was “disappointed in the overall performance as customer adoption is occurring more slowly than we would like against the backdrop of a challenging teen retail environment.”

J.Crew’s 3rd Quarter Shows 21% Increase in Direct Sales  Dec 04, 2013 5:03 PM By MCM Staff

J. Crew has released its third quarter financials on Dec. 4, showing a revenue increase of 11% to $618.8 million. Store sales increased 7% to $420.2 million and direct sales increased 21% to $189.8 million.

Will Mom-and-Pop Sites Be Affected if the Marketplace Fairness Act Passes?  Dec 04, 2013 10:44 AM By Jonathan Barsade

If the Marketplace Fairness Act were to pass, will it really have a serious impact on mom-and-pop online merchants? Jonathan Barsade, CEO of Exactor, dives into the complicated and highly debated online sales tax issue and discusses how proper compliance software will ease the possible burden for small ecommerce shops.






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