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Specialty Retail Homefurnishing Retail

  • April 10- The pressure on Rent-A-Center Inc to auction itself increased on Monday after Marcato Capital joined fellow activist investor Engaged Capital to force the rent-to-own furniture retailer to pursue a sale rather than a "risky" turnaround plan. Earlier in the day, the company said it would not sell itself, and instead outlined steps to boost profits and...

  • April 10- The pressure on Rent-A-Center Inc to auction itself increased on Monday after Marcato Capital joined fellow activist investor Engaged Capital to force the rent-to-own furniture retailer to pursue a sale rather than a "risky" turnaround plan. Earlier in the day, the company said it would not sell itself, and instead outlined steps to boost profits and...

  • *Activist investor Engaged Capital calls plan "high-risk". April 10- Rent-to-own furniture retailer Rent-A-Center Inc said on Monday that it would not sell itself and instead outlined steps to improve profitability, choosing to move ahead with what activist investor Engaged Capital called a "high-risk path". Engaged Capital, which has a nearly 13 percent stake...

  • April 10- Furniture retailer Rent-A-Center Inc said on Monday that founder Mark Speese, the company's interim chief executive, would take on the role full time. The company, which is under pressure from activist investment fund Engaged Capital LLC, also said it would take steps to improve growth and profitability. Speese, who was Rent-A-Center's CEO from...

  • What's causing retail's 'anti-Amazon rally'

    Jim Cramer believes the traditional retailers leading the market benefited from not-so-bad earnings.

  • Cramer: Here's what's really causing retail's 'anti-Amazon rally'

    Jim Cramer believes the traditional retailers leading the market benefited from not-so-bad earnings.

  • Shoppers pass through Herald Square in New York.

    Jim Cramer believes the traditional retailers leading the market benefited from not-so-bad earnings.

  • March 28- Rent-A-Center Inc said on Tuesday it adopted a stockholder rights plan, or a so-called "poison pill", a month after activist investor Engaged Capital LLC stepped up efforts to push the furniture retailer to sell itself. Engaged Capital, which owns a 12.9 percent stake in Rent-A-Center, last month nominated five candidates for election to the retailer's...

  • March 28- Rent-A-Center Inc said on Tuesday it adopted a stockholder rights plan, or a so-called "poison pill," a month after activist investor Engaged Capital LLC stepped up efforts to push the furniture retailer to sell itself. Engaged Capital, which owns a 12.9 percent stake in Rent-A-Center, last month nominated five candidates for election to the retailer's...

  • Feb 23- Activist investment fund Engaged Capital LLC on Thursday nominated five members to Rent-A-Center Inc's board, just a week after it urged the furniture retailer to explore strategic alternatives, including a sale. Engaged Capital, which has a 12.9 percent stake in Rent-A- Center, said it was concerned that the company's board and management could take...

  • Feb 14- Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a sale. They had gained as much as 5.3 percent after Engaged Capital's letter. The company's shares have declined 75 percent over two years under the current board, Engaged Capital said.

  • Feb 14- Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a potential sale of the company. Rent-A-Center's shares have declined 75 percent over two years under the current board, Engaged Capital said. Even under a favorable operating environment,...

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • A new IKEA store under construction in Florida. The furniture giant said Monday that after the three deaths of three children it is no longer selling its "Malm" series products.

    The furniture retail giant explains to CNBC its U.S. growth strategy.

  • Stanley Black & Decker to pay $900M for Sears' Craftsman brand

    The power tool maker says it will buy Sears' Craftsman brand for $900 million in cash.

  • *Expanding in fast-growing eastern Europe. Steinhoff, on its own spending spree for no-frills furniture and general merchandise assets in Europe, bought Poundland for $800 million, a deal analysts said would be a prelude to an overhaul at the British retailer. "Management is quite confident that a multi-pricepoint and a different mix of product is definitely...

  • Black Friday first step in battle of retail holiday push: Strategist

    Kevin Quigg, chief strategist at ACSI Funds, discusses which retailers he believes look set to do well as holiday shopping season gets underway.

  • Customers shopping in Ikea

    A fourth child fatality has been associated with one of the MALM chests included in Ikea's recall of 29 million chests and drawers.

  • Joe Kernen

    CNBC's Joe Kernen took the lead from his wife when it came to revamping her childhood home for their own modern family, Architectural Digest reports.

  • Michael Polk CEO of Newell Brands

    Jim Cramer is joined by Newell Brands CEO Michael Polk to discuss the long-term vision of the company.