M&A and FinancialJan 23, 2014 11:13 AM By Erin Lynch
With a 13% growth in revenue in the fourth quarter and 13% for the year, 2013 deemed to be pretty successful for eBay. The marketplace currently has 128 million active users and generated nearly $77 billion in gross merchandise volume in 2013 alone. Here is the play-by-play highlights for the year that is eBay.
M&A and FinancialJan 17, 2014 9:50 PM By Tim Parry
Robert N. Wildrick, Chairman of Jos. A. Bank, said, “Our Board of Directors firmly believes that the Men’s Wearhouse offer is inadequate and significantly undervalues Jos. A. Bank and its near- and long-term potential.”
M&A and FinancialJan 17, 2014 9:45 PM By Tim Parry
The Men’s Wearhouse today issued the following statement in response to the announcement by Jos. A. Bank Clothiers, Inc. that its Board of Directors has rejected Men’s Wearhouse’s all-cash $57.50 per share offer.
M&A and FinancialJan 16, 2014 4:26 PM By Erin Lynch
The competition in price played a major role in the declining 2013 holiday sales results at Best Buy, according to a statement released by the electronics retailer. In the nine week holiday period that ended on Jan. 4, Best Buy reported $11.45 million in revenue, down slightly from the 2012 holiday season of $11.75 million.
M&A and FinancialJan 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.
M&A and FinancialJan 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.
M&A and FinancialJan 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.
M&A and FinancialJan 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.
M&A and FinancialDec 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.”
M&A and FinancialDec 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.
by Pau Sabria
Posted 2 days ago
Posted 2 days ago