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Financial News

  • NBTY acquires Balance Bar from private equity firm

    GREENWICH, Conn. — Brynwood Partners VI on Monday announced that it has sold its Balance Bar Company, which manufactures nutrition and energy bars, to NBTY. 

  • Fred's looks to grow through Diplomat Specialty partnership and Drug and Dollar concept pharmacy

    MEMPHIS, Tenn. — Any trickle-down of an improving economy hasn't trickled down to Fred's consumer base, Bruce Efird, Fred's CEO, told analysts Tuesday morning in discussing the discounter's third-quarter results. "During the third quarter we continue to see generally weak economic conditions throughout the Southeast which are clearly weighing heavily on our customers and influencing how they shop for their basic needs," he said. "It's more evident that things are not getting better for our core customers." 

  • Report: Bayer will not raise offer for Schiff Nutrition as negotiations continue

    NEW YORK — Bayer will not be raising its offer for Schiff Nutrition to match or exceed last week's bid from Reckitt Benckiser, Reuters reported Tuesday morning. 

    Bayer's bid is still active, however, and is in discussions with Schiff to acquire the company for its original evaluation of $1.2 billion. Reckitt Benckiser bid $1.4 billion. 

    To read the Reuters report, click here. 

  • Sears Holdings moves toward member-based business model

    HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of Kmart and Sears, is looking to shift its business model to one that focuses on members of its Shop Your Way program and their shopping experience, the company said in its third-quarter 2012 earnings report.

  • Product innovation pushes depilatories toward growth

    Depilatories continue to enjoy strong growth, thanks in large part to product innovation and new entrants to the segment.

    According to data from SymphonyIRI Group, a Chicago-based market research firm, sales of depilatories rose about 13% for the 12 weeks ended Oct. 7 at total U.S. multi-outlets, which covers supermarkets, drug stores, mass-market retailers (including Walmart), military commissaries, and select club and dollar retail chains.

  • Widespread acne drives sales of treatments

    With some 40 million to 50 million people in the United States battling acne, it is no surprise that sales of acne treatments continue to be on the rise.

    According to data from SymphonyIRI Group, a Chicago-based market research firm, sales of acne treatments rose 0.24% for the 12 weeks ended Oct. 7 at total U.S. multi-outlets, which covers supermarkets, drug stores, mass market retailers (including Walmart), military commissaries, and select club and dollar retail chains.

  • Men’s hair coloring, shaving sales increase

    The beauty segment continues to celebrate the success of several stars, including nail polish, and men’s grooming is no exception. In fact, industry eyes are once again zeroing in on this vibrant category, as sales enjoy an uptick in such segments as men’s hair coloring and grooming/shaving.

  • Harris Teeter announces quarterly dividend and special dividend

    MATTHEWS, N.C. — Harris Teeter Supermarkets on Thursday declared a quarterly dividend in the amount of $0.15 per share to be paid on Jan. 1, to shareholders of record on Dec. 14. This represents a $0.01 increase in the quarterly dividend amount, from the $0.14 per share that the company paid in previous quarters.

    Harris Teeter also announced that its board declared a special dividend of $0.50 per share to be paid on Dec. 31 to shareholders of record on Dec. 14.

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