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Finance & Capital Management

  • Furniture retailer gets comfortable with labor management

    Nebraska Furniture Mart needs everything under control to compete with larger chains, and is ensuring some of its most basic functions are running as smoothly as possible.

    The Omaha, Nebraska-based retailer, which is a Berkshire Hathaway subsidiary with four branded stores and one clearance store, has selected the WorkForce Software EmpCenter solution to manage labor at its retail, warehouse, and corporate home office locations.

  • Another record-breaking fiscal year for Publix

    Publix on Tuesday posted sales for the fourth quarter of 2015 of $8.2 billion, a 4.5% increase. Comparable-store sales for the fourth quarter of 2015 increased 3.2%.

    “I’m pleased to report another year with excellent results,” said CEO Ed Crenshaw. “Our associates deserve the credit for continuing to make us a leader in customer service.”

    Publix’ sales for the fiscal year ended Dec. 26, 2015, were $32.4 billion, a 5.9% increase from last year’s $30.6 billion. Comparable-store sales for 2015 increased 4.2%.

  • Report: Sports Authority may sell stores to Dick's Sporting Goods

    Sports Authority Inc., which is reportedly preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to Bloomberg.

    Sports Authority, once the largest sporting-goods retailer in the U.S., is heading toward default after years of losing ground to competitors. The Englewood, Colorado-based chain missed a Jan. 15 interest payment on some of its debt and failed to make the payment during a 30-day grace period.

  • Pet Supplies Plus in expansion drive

    Pet Supplies Plus will target California as part of its strategic growth plan for 2016.

    The nation’s largest pet franchise, which has more than 330 locations in 26 states, announced it will expand into the Golden State to grow its base of multi-unit franchise partners.

  • Dollar Tree misses in Q4 despite sales boost from Family Dollar

    Dollar Tree on Tuesday credited sales at its Family Dollar division as helping to boost the company’s overall results for the fourth quarter. But the increase still fell short of analysts expectations.

    Sales for the quarter ended Jan. 30 totaled $5.37 billion, a 116.7% increase from the year-ago period but still less than expected. The boost in revenue was the result of $2.68 billion in sales from the Family Dollar segment.

  • Starwood announces $50 million investment

    Charlotte, N.C. -- Starwood Retail Partners announced a $50 million investment in an 11-acre parcel adjacent to Northlake Mall in Charlotte, North Carolina. The company plans to build a 200,000-sq. ft. lifestyle component complementing the existing two-story mall. Construction is set to begin by early 2017.

    The project will include retail, dining, entertainment, landscaping, parking and pedestrian friendly areas.

  • Ross Stores beats Q4 estimates; cautious about 2016

    Ross Stores reported strong results for its fourth quarter. But similar to many other retailers, the off-price retailer sounded a cautious note with regards to sales and earnings for its new fiscal year.

    Ross on Tuesday reported earnings per share for the fourth quarter ended January 30, 2016 of $.66, up 10% from the prior year, on net earnings that rose 6% to a better-than-expected $264 million.

  • Report: Sports Authority may sell stores to Dick's

    Sports Authority Inc., which is reportedly preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to Bloomberg.

    Sports Authority, once the largest sporting-goods retailer in the U.S., is heading toward default after years of losing ground to competitors. The Englewood, Colorado-based chain missed a Jan. 15 interest payment on some of its debt and failed to make the payment during a 30-day grace period.

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