Charles Payne's Regular Media Appearances
Charles is featured on the Fox Business Network Monday-Friday at 2 PM ET on "Making Money with Charles Payne". He is a member and occasional host
of "Varney & Co". In addition, he guest-host several shows including "Cavuto on Business" and "Your World".
The "Making Money with Charles Payne" show can also be heard on channel 113 on Sirius radio.
Thursday, June 25, 2009
Dress Barn's Purchase Of Tween Brands Lifts Eyebrows
Wall Street Journal
Dress Barn Inc. (DBRN) is buying Tween Brands Inc. (TWB) in a move that is raising eyebrows because of the companies' different merchandise mixes.
The move is also drawing attention as a possible signpost of more mergers in an industry that is looking for ways to get through one of the longest recessions in memory with as few bankruptcies as possible.
The move is especially unusual for the specialty apparel group, where retailers generally do not own their stores, which means there is no hard asset value in mergers, just the taking on of operations and inventory, said Brian Sozzi, retail analyst at Wall Street Strategies.
That can lessen the benefits of doing this kind of deal, Sozzi said. "This seems more of a cost-cutting move" that may give the companies' better terms in making purchases as a larger entity.
Link to full article: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200906251218dowjonesdjonline000784&title=dress-barns-purchase-of-tween-brands-lifts-eyebrows
Posted by Brian Sozzi, Research Analyst
Charles' Fox Business Video Clips
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