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American Apparel has hired the former CFO of Blockbuster Tom Casey, as acting president, putting him in charge of leading the company as it embarks on a new strategy. The announcement comes amid American Apparel's struggle to avoid being delisted by the New York Stock Exchange and to keep compliance with debt covenants.American Apparel last month received a warning that it could be delisted as it delayed the filing of its second-quarter results amid the resignation of its accounting firm in July. The exchange later extended the delisting proceedings to Nov. 15, by which time the company has promised
The NFL isn't the only one to announce a deal with Nike Inc. on Tuesday. Perry Ellis International announced it has extended its licensing agreement to design, produce, manufacture and distribute swimwear under the Nike Swim brand.
SAN FRANCISCO ? Wal-Mart said the iPad will be available in hundreds of its stores in the United States to start, expanding to more than 2,300 outlets by mid-November.
Arts and crafts retailer Michaels Stores Inc. is preparing to expand its presence in Canada. The Irving-based company said it will open five stores, with locations in Vancouver, Toronto and New Minas, Nova Scotia on Oct. 16. In addition, the company will open another location in Kanata, Ontario on Oct. 23. Michaels opened a Canadian headquarters in Toronto earlier this year to oversee operations in the country. Michaels said it already has 74 stores in Canada. The first Canadian store opened in 1993.
Pressing into Maple Grove, Staples adds 6th metro site Minneapolis / St. Paul Business Journal - by John Vomhof jr. Staff Writer Send this story to a friend Email address of friend (insert comma between multiple addresses): Your email address: Add a brief note: Enter words from the security image above: Get new image | Image verificationAudio verification | reCAPTCHA™ Shops at Grand River picks up 10 new tenants Students inhabit all residential sectors in Berkeley Banana Republic brings new concept to Kansas City’s Country Club Plaza Staples Inc. will continue its push into the Twin Cities market with
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Import cargo volume at the nation’s major retail container ports is expected to be up 11 percent in October over the same month last year and should continue to see strong year-over-year growth even as seasonal levels wind down through the remainder of 2010, according to the monthly Global Port Tracker report released by NRF and Hackett Associates.
NEW YORK -- Gymboree Corp. said Monday that private-equity firm Bain Capital Partners LLC agreed to buy the San Francisco retailer in a deal valued at $1.8 billion. Bain Capital will pay $65.40 a share, a premium of 24% over Gymboree's closing price on Friday and 57% above its Sept. 30 price. Shares of Gymboree vaulted 31% to $69.18 after the deal was announced. Copyright © 2010 MarketWatch, Inc.