Investment Advisory

by Tony Owusu | Monday, November 21, 2016 Finish Line announced that it will take a $44 million charge related to the process of searching for buyers of JackRabbit. Finish Line could struggle to find a buyer for its specialty running business JackRabbit, industry analysts told the TheStreet Monday. The Indianapolis-based athletic shoe retailer announced that it is exploring options for the company, which could include a sale, and that it will take up to a $44 million charge as it goes through this process. Finish Line hired M&A investment banking advisory firm Peter J. Solomon Co. to explore a sale. The firm has worked on a number of high profile deals, recently, advising the sale of headphone-maker Skull Candy to Mill Road Capital for $165 million, as well as the failed $6.3 billion merger between Office Depot and Staples. "The challenges Finish Line faces in finding a buyer are multiple," Steve Goldberg of retail consultancy firm The [...]

As part of the Daily Digital Signage and Digital Out of Home Industry Investor Conference held on October 22, 2014, in New York, Kevin Mullaney, President of The Grayson Company, demonstrated the value of interactive technologies in driving traffic and transactions. Mullaney’s keynote provided insight into new methods for today’s retailers to engage consumers. Mullaney highlighted custom mobile technology implemented by The Science Project last holiday season, which drew passersby into the 'Yeti's igloo' in Saks Fifth Avenue’s flagship window displays, driving engagement and interaction. According to Kevin Mullaney, "this was a highly innovative use of technology targeted at generating return on investment, using the mobile platform to engage customers and given them an incentive to enter the store and transact." As visitors accessed the mobile experience, they were invited to discover their "Yeti" name, pick a snowflake and flick it from their device into the window itself, where it materialized in [...]