Cash on retailers' balance sheets presents opportunities - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
Subscriber Content Preview | Request a free trialSearch  


Share  |  Reprint

Cash on retailers' balance sheets presents opportunities

Published January 13, 2012 at 9:56 AM

"Near term, consumers are still very cautious in terms of where they're spending. Maybe there's still a hangover from Christmas," Linda Tsai, vice president and senior softline analyst at ITG Investment Research Inc., told The Deal's Richard Collings at the ICR XChange conference. "But as we look out at the second half, I think there's still some opportunity for retailers to be better again. The big headwind that was hurting them was basically higher product costs, and for the most part, product costs are going to be down year over year as we enter the second half of 2012." Tsai goes on to spell out the options for retailers such as Zumiez Inc., Pacific Sunwear of California Inc. and Abercrombie & Fitch Co., who all have cash on their balance sheets. - George White  

Meet the journalists

Movers & Shakers

Launch Movers and shakers slideshow

French mergers and acquisitions lawyer Laurent Faugerolas joined Dechert LLP. For other updates launch today's Movers & shakers slideshow.


Struggling TeleCommunication Systems is sold

After announcing in July that it was exploring strategic alternatives, TeleCommunication Systems Inc. has agreed to sell to Comtech Telecommunications Corp. in a transaction with an enterprise value of $430.8 million. More video