More From Vicki M. Young
Luxe Market at Top of Game
NEW YORK — Luxury firms have been on a roll, enjoying robust sales as consumers remain hungry for pricey…
Focus on New Shores: Sears Said Shopping Its Lands’ End Division
Sears is said to be shopping its Lands’ End business for an asking price of $1.2 billion, below the $1.9…
J. Crew’s IPO Blueprint: Share Listing Planned, But Unlikely Until 2006
Preppy retailer and catalogue firm J. Crew is planning an initial public offering, but not until next year.
Bear Stearns Takes Stake in Seven
NEW YORK — Seven For All Mankind has a new financial partner, Bear Stearns Merchant Banking, people familiar…
Regional Retailers Rise on New Mix
NEW YORK — For some of the regional retailers such as Dillard’s and Bon-Ton Stores, the fourth quarter of…
Kmart Posts 14.4 Percent Gain in Income
Despite posting a hefty fourth-quarter profit, management at Kmart said more needs to be done on the…
Klatsky Departs PVH, Weber Steps Up
Bruce Klatsky will step down June 14 as ceo of Phillips-Van Heusen and be succeeded by Mark Weber, currently…
Warnaco Hits Black in Quarter
NEW YORK — The Warnaco Group Inc. on Thursday reported improved fourth-quarter results, ending the period…
Luxe’s Winning Strategy: Neiman Marcus Profits Climb 19.3% in Quarter
Neiman Marcus Group saw second-quarter profits rise 19 percent to $70.6 million, as sales gained 7.7 percent…
Penney’s Profits Leap 66%
Merchandising and cost-saving initiatives contributed to J.C. Penney's 66 percent gain in operating profit…
Target-Vornado Drop Talks
NEW YORK — Target Corp. and Vornado Realty Trust have abandoned talks about a joint bid to buy Sears, Roebuck…
Federated Decision on May Could Come Soon
Federated Department Stores Inc., with its board of directors scheduled to meet Friday, could make a crucial…
Consumer Confidence Slips, But Results are Encouraging
The Conference Board's Consumer Confidence Index slipped in February, although it was still better than…
Closing In on a Merger: Federated, May Co. Talks Intensify Over Final Price
Federated Stores, amid speculation that a resolution was near in merger talks with May Co., reported strong…
So What Is a Secondary Stock Offering?
According to Joseph Stein, a banker at the investment banking firm of Peter J. Solomon Co., “A secondary…