News

Transcat Inc., a marketer of grade test, measurement and calibration instruments and services, has acquired competitor Westcon Inc. in a cash-stock transaction valued at approximately $7.2 million.

Charming Shoppes will sell most of its Crosstown Traders titles to Orchard Brands for $35 million in cash, the company announced on Monday. The deal is expected to close in September.

Last fall, Taryn Rose

Mrs. Fields Famous Brands LLC, which licenses about 1,200 Mrs. Fields Cookies and TCBY frozen yogurt locations worldwide, plans to file for Chapter 11 bankruptcy protection.

Boca Java, the online gourmet coffee marketer, has acquired several key assets of Caf

Want a six-figure job? You might want to think about a career as a retail buyer.

Second-quarter net sales at Abercrombie & Fitch rose 5%, to $845.8 million, up from $804.5 million for the same period last year.

For the rollout of its 2009 catalog, IKEA is hittin

J.C. Penney Co. (NYSE: JCP) saw total second-quarter sales slip 2.5%, to $4.28 billion, compared to $4.39 billion for the same period in 2007. Net income sank nearly 36%, to $117 million from $182 million for the second quarter last year. For the three months ended Aug. 2, same-store sales fell 4.3%; Internet sales increased 5.6%.

The top producer of coated freesheet paper in North America, New Page Corp., announced July 30 it will permanently close its Kimberly, WI-based mill at the end of August.