NEW YORK— Vintage Capital Management said Thursday it is withdrawing its offer to buy retailer Aaron's, citing the company's continued struggles and its decision to buy lease-to-own furniture seller Progressive Finance.» Read More
April 15- Aaron's Inc, a rent-to-own furniture and electronics retailer, said it will buy Progressive Finance Holdings Llc from private equity firm Summit Partners for about $700 million in cash. Aaron's said it expects the deal to add to its cash earnings per share from 2014.. The company services more than 5,500 retailers in the United States.
Domestic goddess Martha Stewart brought some baked goods and optimism on a day the stock market was slammed.
CHAMPAIGN, Ill.— The U.S. subsidiary of Swedish furniture retailer IKEA announced Thursday that it is buying a long-planned wind-energy project in eastern Illinois as part of the company's initiative to offset its energy use with renewable energy generation.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
CNBC's Seema Mody takes a look at the home furnishing sector. Mody says Citi favors Williams-Sonoma and expects them to benefit from favorable housing trends, better merchandise and competitive planning.
Mark Mahaney, Internet Analyst at RBC Capital Markets explains what's driving the shoppers' migration from offline to online with mobile platform also gathering pace.
The Container Store's IPO priced at $18 per share, the high end of its expected range on Thursday.
IKEA'S augmented reality app allows users to photoshop an IKEA product into their homes, allowing customers to assess color scheme and the item's size before purchasing it.
JC Penney changed its pricing model from everyday low pricing to sales. But employees say the company artificially inflated prices, then put those same items on sale.
Restoration Hardware has unbelievable momentum and is a "terrific company" that is shaking up the retail market for home furniture, Jim Cramer said.
Shares of beleaguered retailer JC Penney rose more than 7 percent in after-hours trading on Thursday after billionaire financier George Soros disclosed a 7.9-percent stake.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
Three more top executives at J.C. Penney have left the ailing retailer, the New York Post reported, following the ouster of Chief Executive Ron Johnson.
Home Depot expects 3 percent growth in 2013, the same it saw in 2012 as economic growth remains steady, CEO Frank Blake told CNBC.
After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
The decision to do away with sales last year had no testing behind it. So it is not a mystery why J.C. Penney has done a 180 when it comes to its promotional stance.
Stocks are up as Bears are not yet in control of the narrative. There were no surprises from Bernanke, though he did give a rather spirited defense of QE and low interest rates.
Macy's Chief Executive Terry Lundgren said he was shocked when Martha Stewart told him in 2011 that she was starting a new alliance with rival J.C. Penney.
Furniture retailer Ikea says it has halted all sales of meatballs in Sweden after Czech authorities detected horse meat.