United shifts focus with store sale
- Target mulls selling sideline biz. Heller, Laura // DSN Retailing Today;3/22/2004, Vol. 43 Issue 6, p1
Reports on the effort of Target Corp. to dispose its Mervyn's and Marshall Fields units in the U.S. Decline in the sales and profits of the units; Recruitment of Goldman Sachs & Co. to advise on all options; Review of the strategic alternatives for the units.
- FIRST WORD. Cooney, Joycenn // License!;Apr2005, Vol. 8 Issue 3, p8
The article presents the author's views on retail trade in the United States. The author hopes that 2005 will be remembered as the year of retail. Pointing to mergers of Federated Department Stores Inc. and May Department Stores Co., and acquisition of Toys "R" Us and Babies "R" Us businesses by...
- Federated-May Merger: With a Deal Imminent Market Weighs Fallout. Moin, David; Clark, Evan; Young, Vicki M.; Choi, Amy S. // WWD: Women's Wear Daily;2/28/2005, Vol. 189 Issue 42, p1
Reports on the expected merger between Federated Department Stores and May Department Stores. Potential impact of the merger on both companies; Benefits of the merger to Federated Department Stores; Speculations on the plan of Federated to sell its credit-card operation to raise funds for the...
- Apparel dept. faces big adjustments post divestiture. Scardino, Emily // DSN Retailing Today;4/11/2005, Vol. 44 Issue 7, p32
Comments on Target's divestiture of its Marshall Field's and Mervyn's retail divisions in 2005. Analysis of the sale from a cash-flow perspective; Other growth targets and strategies; Implications on retail trade.
- Lundgren fulfills vision: United States of Federated. Scardino, Emily // DSN Retailing Today;3/14/2005, Vol. 44 Issue 5, p1
This article reports that Federated Department Stores Inc. acquired longtime rival May Co. to create a new $30 billion company with greater breadth and leverage to compete in today's mass-driven retail economy. The deal, whose $17 billion in total valuation includes $11 billion in cash and stock...
- Cash from M&M sale paves way to stock buyback, debt reduction. Desjardins, Doug // DSN Retailing Today;4/11/2005, Vol. 44 Issue 7, p32
Reports on the impact of Target's sale of its divisions Marshall Field's and Mervyn's on the firm's financial performance. Stock buyback; Debt reduction; Implications on retail trade.
- SOME CURRENT PROBLEMS IN ADMINISTERING THE RETAIL INVENTORY METHOD. Schmalz, Carl N. // Accounting Review;Mar1934, Vol. 9 Issue 1, p1
This article discusses some current problems in administering the retail inventory method. The retail method was created to meet the inventory valuation problems of department and specialty, women's apparel, stores, which constitute a distinct type of trading enterprise with valuation problems...
- Saks Goes to Lord & Taylor Owner. COLLINS, ALLISON // Mergers & Acquisitions Report;9/16/2013, Vol. 28 Issue 37, p20
The article reports that Hudson's Bay Co.'s bid to purchase luxury retailer Saks Inc. is moving forward as Saks announced that it did not receive any superior purchase proposals during a 40-day go-shop period to solicit other buyers. The deal has been approved by the boards of directors from...
- Target pockets $1.65 bil. in unexpected Mervyn's sale. Heller, Laura // DSN Retailing Today;8/16/2004, Vol. 43 Issue 16, p1
Reports that U.S. retailer Target Corp. has sold off its ancillary unit Mervyn's Department Stores and is finalizing the sale of Marshall Field's to May Department Stores. Management focus on the core retail business of the company; Total revenue generated from the sale of the supplementary...