Posts Tagged ‘retail’

Council rebrands in effort to push more visitors to Oxford Square

OXFORD — The Oxford Downtown Council has recently been rebranded as the Oxford Square Alliance. The Alliance has a new logo, and decals with the logo will be placed at member locations around the historic Oxford Square. “People from all over the world know about the Oxford Square,” says Mark Huelse, chair of the Oxford […] [...]

Dollar General’s attempt to buy Family Dollar goes hostile

GOODLETTSVILLE, Tenn. — Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company’s board, which […] [...]

Hancock Fabrics exec: ‘Expenses were a challenge’ as company posts loss

BALDWYN — Hancock Fabrics Inc. has released financial results for its second quarter ended July 26 and the first half of fiscal 2014. Net sales for the quarter were $59.3 million compared to $59.1 million for second quarter of last year, and comparable store sales increased 0.9 percent following a 1.7percent decrease for the same […] [...]

Retailers’ concerns mount over expired longshoremen’s contract

WASHINGTON — Retailers concerned by the lack of a West Coast longshoremen’s contract will continue to bring merchandise into the country at above-average levels this month but volume will drop from the record set in August, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The […] [...]

Hancock Fabrics board decides against reverse stock split

BALDWYN — Hancock Fabrics Inc.’s board of directors has decided to withdraw Proposal 1, which relates to the proposed reverse stock split and subsequent deregistration under the Securities Exchange Act of 1934, from consideration at the upcoming annual meeting. Under the proposed 1,000 for one reverse stock split of the company’s outstanding shares of common […] [...]

NRF downgrades retail sales forecast after sluggish start to 2014

WASHINGTON — The National Retail Federation has lowered its retail sales forecast for 2014 because of slow growth recorded during the first half of the year, but said sales are expected to grow significantly faster over the next five months. NRF forecasted in January that retail sales would grow 4.1 percent in 2014 over 2013, […] [...]

Communities awarded national Main Street accreditation

ACROSS MISSISSIPPI — The Mississippi Main Street Association has designated cities as accredited National Main Street Programs for meeting the commercial district revitalization performance standards set by the National Main Street Center. The cities are Aberdeen, Corinth, Pascagoula, Amory, Greenville, Philadelphia, Baldwyn, Greenwood, Picayune, Batesville, Gulfport, Pontotoc, Belhaven, Hattiesburg, Ripley, Biloxi, Hernando, Senatobia, Booneville, Indianola, […] [...]

Illinois firm buys Dogwood Festival for undisclosed sum

FLOWOOD — Inland Real Estate Income Trust Inc. of Oak Brook, Illinois, has acquired the 187,610-square-foot Dogwood Festival Shopping Center in Flowood, Mississippi. Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., facilitated the transaction. Constructed in 2002, Dogwood Festival Shopping Center is 97.8 percent leased to 36 tenants, including T.J. Maxx, […] [...]

Two more malls approved for tax money to expand

FLOWOOD and RIDGELAND — Mississippi taxpayers could help pay for two more malls that squeezed in approvals before a law allowing sales tax subsidies expired June 30 The Mississippi Development Authority approved applications in June for $29.6 million in tax money to expand Renaissance at Colony Park in Ridgeland and $48.8 million to build Pinelands […] [...]

Hancock Fabrics’ board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, […] [...]

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