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Specialty Retail Homefurnishing Retail

  • Jim Cramer on Mad Money.

    Jim Cramer reveals which company could bring the heat this summer.

  • Cramer Remix: This is the stock to own for the summer

    Jim Cramer reveals which company could bring the heat this summer.

  • STOCKHOLM, May 24- IKEA Group has promoted company veteran Jesper Brodin to take over as chief executive as it steps up efforts to integrate its furniture stores and online business. Consultancy Kantar Retail's Simon Johnstone said Brodin, who is Swedish, was a good choice given his immersion in the culture of the company. The web of companies that make up IKEA has...

  • May 24- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported quarterly profit and comparable sales that missed analysts' estimates, in contrast to the strong results reported by larger rival Home Depot Inc last week. This led to weak sales of outdoor products such as plants and patio furniture, which typically made up about 35 percent of the company's...

  • STOCKHOLM, May 24- IKEA Group, the owner of most IKEA budget furniture stores worldwide, said on Wednesday it had picked company veteran Jesper Brodin to be its new chief executive, replacing Peter Agnefjall who will leave the company. The furniture group said in a statement Brodin, currently head of IKEA of Sweden and responsible for the development of the...

  • May 22- Rent-A-Center said on Monday that activist investor Engaged Capital LLC, which has been pushing the furniture retailer to sell itself, rejected two board seats offered by the company. Engaged Capital has no interest in negotiating with the company's board to reach an "amiable" resolution, Rent-A-Center said in a filing. Engaged Capital said last month it...

  • Morgan Stanley: Buy the pullback in this retailer

    The Halftime Report experts debate a bullish call on TJX and try to find opportunities in the rest of the retail sector.

  • Baby Boomers fueling home renovations: Pro

    Nino Sitchinava, Houzz principal economist, discusses what's prompting the increase in home renovations and which areas of the country are engaging in the most home improvement projects.

  • 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,...