Finance & Capital Management

One of the senior executives at Cabela’s is transitioning to an advisory role within the company.

The sporting goods retailer announced that Michael Copeland, executive VP/COO, has decided to transition from his current position to a strategic advisory role. The transition will take place over the next month.

Copeland joined Cabela’s in November 2007 as VP of retail operations. Since January 2010 he has served as Cabela’s COO.

Photo: Matthew Tice (left) and Mark Cosenza (right)

Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

Photo: Doug McMillon, president and CEO, Wal-Mart Stores, Inc.

The VF Corp. is adding some heavy duty retail expertise to its board of directors.

Oklahoma City -- GBT Realty Corp. announced the acquisition of 30 acres in Oklahoma City, Oklahoma. The site was purchased in January for $2.95 million. The company broke ground on development of the first phase of the $50 million The Market at Czech Hall, a 450,000-sq. ft. regional neighborhood center last week.

Phase one includes the construction of 180,000-sq. ft. of retail, along with seven outparcels. The first tenant expected to open fall 2016.

A modest increase in fourth quarter same store sales at Walmart’s U.S. stores marked a sixth consecutive period of growth and helped the company exceed analysts’ profit targets, but a reduced 2016 sales outlook caught some investors by surprise.

Increased expenses and shrinking margins hurt Nordstrom profitability in the fourth quarter, but the leading department store and off-price retailer delivered on the e-commerce front.

Nordstrom said sales for the fourth quarter increased 5.2% to $4.1 billion and same store sales increased 1%. The company’s full price stores and Nordstrom.com grew sales 0.7% and same stores sales increased 0.2%. However, the growth was largely driven by Nordstrom.com sales which increased 11% and offset a 3.2% decline at physical stores.