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Finance & Capital Management

  • South Dakota sues four big online retailers over sales tax

    South Dakota has filed a lawsuit against four online retailers, joining a growing number of other states in a battle that could well end up in the Supeme Court, according to a report by corporatecounsel.com

  • Lighting Rebate Trends

    About two-thirds (64%) of the United States is covered by prescriptive lighting rebates, according to BriteSwitch, a rebate fulfillment company. These rebates can significantly reduce the installed cost of new lighting in existing buildings and improve payback by 20%-25%, which would reduce a two-year payback to about 1.5 years.

    Despite the proliferation of the LED source, traditional lighting product rebates remain available.

  • JLL makes key hires to expand SoCal retail efforts

    Photo: Erik Westedt, left, and Scott Kaplan have joined JLL’s growing Southern California team.

  • GNC exploring options — including sale

    GNC Holdings Inc. announced Monday it is undertaking a strategic review whose options could include a sale of the company.

    The health-and-wellness retailer said it is also considering accelerated refranchising strategies, partnerships and other collaborations, and capital structure optimization. The announcement comes on the heels of disappointing first quarter results.

  • Saks opens 100th Off 5th location; affirms urban strategy

    The opening of the newest Saks Fifth Avenue Off 5th location near downtown Chicago is a big deal literally and figuratively.

    The newest Off 5th is located in the NEWCITY development at Lincoln Park on the northern fringe of downtown Chicago at 1457 Halsted Street at the intersection of North Clybourn Avenue. The store is the company’s 100th Off 5th location in North American, its seventh in Illinois and the second in downtown Chicago following the April 14 opening of the first location as 6 S. State Street.

  • Publix posts strong Q1

    Publix Super Markets on Monday turned in another winning revenue performance, reporting $8.7 billion in sales for its first quarter, up 4.5% from $8.3 billion in the year ago period. Same-store sales rose 3.3%.

    Net earnings were up to $581.9 million, up 6% over the same period last year.

    It was the first quarterly report issued under new CEO Todd Jones. Former chief executive Ed Crenshaw retired Friday after 42 years with the company and nearly eight as CEO.

  • Bidding begins for Sport Chalet stores

    Prime retail real estate in Southern California and nearby states is now available after bankrupt Sport Chalet retained A&G Realty Partners to sell its assets.

  • Convenience store chain goes on hiring spree

    Sheetz is putting the “help wanted” sign out.

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