Henry Sy's SM Investments Expects to Post Record Annual Profit This Year Nov 16, 2009
Profit at its retail ventures, which contributed 81 percent of total sales, grew 37 percent to 3. 1 billion pesos. (Bloomberg -- Asia)
Triveni Retail to wind up as hunt for buyer fails Sep 16, 2009
NEW DELHI: Triveni Retail Ventures, the retail arm of Noida-based Triveni Engineering tries, is closing down all its stores after it failed to find a buyer, even as the countrys largest players in organised retail are staging a comeback after having been through store shutdowns and mass layoffs ... RK Goel, business head of Triveni Retail Ventures, denied that the company was shutting stores, retrenching staff or had any plan to exit retail business. (India Times)
Woolworths may rue day it took on Bunnings Sep 3, 2009
Instead of ploughing it back into improvement of the core business, they spent it on a whole slew of unrelated retail ventures that lacked synergy. Third, hubris again. (Sydney Morning Herald -- Business)
Mandan ponders program Jul 24, 2009
"We call it 'entrepreneurial gardening.' It's an opportunity to test retail ventures with a low-risk environment.". Huber said multiple businesses could be housed within one location to help market their wares. (Bismarck Tribune, ND)
Retail Ventures posts 1Q loss Jun 18, 2009
Sales results don t include the Filene s Basement chain, which Retail Ventures sold off in April and classifying it as discontinued operations ... Retail Ventures maintains a majority stake in 303-store (NYSE:DSW), which it spun off as a separate public company in 2005. (Columbus Business First, OH)
Filene's Basement to return to downtown Jun 17, 2009
Retail Ventures Inc., which owned Filene s Basement before the May bankruptcy and whose holdings consisted mainly of Filene s Basement, yesterday reported a $51. 9 million loss from operations for the quarter ending May 2, compared to $45. (Boston Globe)
Filenes to be auctioned again amid controversy Jun 16, 2009
Columbus, Ohio-based Retail Ventures Inc. (NYSE: RVI), which maintains a majority stake in discount shoe retailer DSW Inc. (NYSE: DSW), sold the chain this year to FB II Acquisition Corp., a new entity owned by liquidation and turnaround firm Buxbaum Group. Reader Comments. (Baltimore Business Journal, MD)
Rods ’n’ Dogs caters to folks with dirty cars and dirty curs May 31, 2009
Other car washes around the country share space with laundromats, pubs and other retail ventures. It s about creating convenience for the consumer, that s what motivates people to visit certain businesses, Buscaglia said. (Helena Independent Record, MT)
Last markdown for Filene's Basement May 24, 2009
"We had fallen on very hard times, and we looked like a copycat of T.J. Maxx with similar price, same merchandise and marketing, same fixtures," said Wilansky, who later was promoted to chief executive of Retail Ventures Inc., the holding company that owned the Basement ... In January 2008, parent Retail Ventures sold off a majority stake in its other company, , leaving Filene's Basement to shoulder millions of dollars more in executive salaries and administrative costs that the two businesses... (Boston Globe)
Filenes predicting 1,600 job cuts May 23, 2009
Columbus-based Retail Ventures (NYSE:RVI) in April sold the iconic chain to , a new entity owned by , a liquidation and turnaround firm based in Agoura Hills, Calif. The Columbus and Warrensville Heights stores are two of the 17 in question. (Columbus Business First, OH)
Improvements planned for Browns Hill Road May 8, 2009
Anthony J. Dolan, principal for Walnut Capital Acquisitions, said the restaurant has generated more interest than any other of his company's many retail ventures. Construction of the restaurant will start in the fall and take three to four months, said Craig Dunham, managing general partner of Summerset Land Development Associates. (Pittsburgh Post-Gazette, PA)
Filene's Basement to remain open on Needham Street May 8, 2009
The Buxbaum Group, a liquidation firm in California, acquired Filene's Basement from Retail Ventures Inc. last month and placed Filene's Basement in Chapter 11 bankruptcy on Monday. Additional offers will be sought for the 17 locations that would remain with the chain. (Needham Tab, MA)
Sales declines, bright spots for area retailers May 8, 2009
Quarterly sales results weren t available Thursday morning for (NYSE:RVI), which recently disposed of the Filene s Basement chain, and (NYSE:DSW), whose majority owner is Retail Ventures. Reader Comments. (Columbus Business First, OH)
Filene's Basement in bankruptcy court May 7, 2009
Filene s Basement President Mark Shulman in a filing in said the company has suffered from disappointing sales at some stores and increased overhead costs after Retail Ventures sold off its chain last year ... Retail Ventures warned last month that negotiations on the remaining leases likely wouldn t lead to sustainable operations for the chain. (Boston Business Journal, MA)
Filenes Basement files for bankruptcy May 5, 2009
Buxbaum Group, a California-based liquidator, acquired Filenes last month through an affiliate company, FB II Acquisition Corp. The sale came after the previous owner, Retail Ventures Inc., said the chain was experiencing significant liquidity problems. . (MSNBC -- Business)
Filene's sells Chicago sites to Sears Tower owner, files for Chapter 11 May 5, 2009
The sale came after the previous owner, Retail Ventures Inc., said the chain was experiencing "significant liquidity problems." ... Columbus, Ohio-based Retail Ventures, which in 2000 acquired the chain out of bankruptcy, had said that it would not realize any proceeds from the sale to Buxbaum and that it would continue to guarantee all of Filene's Basement's obligations under its secured credit agreement. (Crain's Chicago Business)
Filenes owner ponders sale Apr 18, 2009
The performance of Filene s Basement has continued to deteriorate significantly since that time, and (Retail Ventures) has concluded that renegotiation of the remaining leases is not likely to lead to sustainable operations for Filene s Basement, the filing states ... Retail Ventures (NYSE:RVI) said it will need more time to file its annual report because it now will consider Filene s Basement as discontinued operations ... A Filene s Basement sale would leave Retail Ventures with the 298-unit... (Columbus Business First, OH)
Filene's Basement up for sale Apr 17, 2009
Since deciding to close 11 stores earlier this year, Filene's Basement's performance "has continued to deteriorate significantly since that time," according to the regulatory filing by Retail Ventures Inc., the merchant's parent company. Attempts to renegotiate leases for the remaining 25 stores, the corporate office in Burlington, and the company's warehouse, "is not likely to lead to sustainable operations for Filene's Basement," Retail Ventures said in the filing ... As a result of these... (Boston Globe)
Nokia ties up with HCL arm for sales Apr 17, 2009
Currently, Nokia products are sold in India through individual franchisees, but the company has now decided to take advantage of the FDI guidelines introduced in 2006 that allow foreign companies to invest up to 51% in single-brand retail ventures. Nokia will import new handsets, particularly those not manufactured in India, along with Nokia branded accessories such as bluetooth headsets, car charger, charger, ear phones, headphones and memory cards and sell them through the single-brand retail... (India Times)
Filene's Basement: We'll Work This Out Apr 5, 2009
Filene's parent company, Retail Ventures, Inc., recently put up 7. 5 million in collateral so Filene's could keep borrowing money, but said in a Securities & Exchange Commission filing that the chain may need even more cash. (New York Post -- Business)
Filene's Basement scrambles for cash Apr 2, 2009
Julie Davis, general counsel of Retail Ventures Inc., Filene's Basement's parent company, said yesterday the discount chain needs more liquidity ... In February, Retail Ventures put up an additional $7 ... In the latest financial results available, Retail Ventures said Filene's Basement sales dropped more than 9 percent last year compared with 2007. (Boston Globe)
Filene's Basement owner arranges loan agreement Feb 14, 2009
SAN FRANCISCO - Retail Ventures Inc. yesterday said it had made an agreement with lenders to provide additional funds for its chain, but warned the chain may require additional cash. Retail Ventures, which also is the parent of shoe retailer DSW Inc., has been exploring alternatives to address money problems at the company and at its Filene's Basement unit. (Boston Globe)
Last-ditch bid to save 11 Filenes stores falls through Feb 9, 2009
After working to strike 11th-hour renegotiated leases to keep some of its stores open, Retail Ventures Inc. s Filene s Basement chain said Friday the 11 shops will go dark next month as planned ... Columbus-based Retail Ventures, which owns Filene s Basement, also holds a majority stake in discount shoe retailer DSW Inc. (NYSE:DSW) ... Retail Ventures profit in the first nine months of the company s fiscal year was down 68 percent at $56. (Columbus Business First, OH)
