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Finance & Capital Management

  • Visa makes play in mobile payment space

    Visa Inc. has disclosed an investment stake that indicates it has a strong interest in helping retailers process mobile transactions.

    In a filing with the Securities and Exchange Commission (SEC), Visa said it holds 3.5 million shares in payment processing provider Square, equal to a 10% stake. The investment was worth about $30 million as of Thursday, Feb. 11.

  • Kohl’s eliminates three senior exec positions

    Several published reports are indicating that Kohl’s has eliminated three senior level leadership positions.

    Kohl’s has reportedly eliminated the positions of chief digital officer, senior vice president of store environment and development, and senior vice president of communications and public relations. Retailing Today was unable to independently confirm the jobs cuts or the identify of executives involved. Kohl’s representatives were unavailable for comment.

  • What went wrong at Advance Auto parts

    Warm weather hurt sales at Advance Auto Parts in the fourth quarter, but other factors were in play too as the company’s performance lagged competitors.

    The retailer said same store sales were negatively impacted by the timing of the New Year's day holiday, which fell in the 53rd week last year, by the foreign exchange currency fluctuations from its Canadian business, and by warmer winter weather.

  • O’Reilly eyes more stores following record year

    More than 200 O’Reilly Automotive stores are expected to open in 2016 after the nation’s third largest auto parts retailer logged strong fourth quarter results and its 23rd consecutive year of same-store sales growth.

  • Whole Foods reveals more 365 locations

    While Whole Foods continues to work on the performance of its flagship stores, the company disclosed new locations and expressed confidence in its 365 format even though the first unit is scheduled to open until May.

  • Michael Kaider has been named to CBRE’S Net Lease Property Group

    Chicago -- CBRE announced that Michael Kaider, first VP, has been named to the firm’s Net Lease Property Group.

    CBRE’s Net Lease Property Group is a select team of senior level capital markets professionals that specialize in the sale, purchase and recapitalization of single-tenant, net leased properties throughout the United States.

  • What went wrong at Advance Auto parts

    Warm weather hurt sales at Advance Auto Parts in the fourth quarter, but other factors were in play too as the company’s performance lagged competitors.

    The retailer said same store sales were negatively impacted by the timing of the New Year's day holiday, which fell in the 53rd week last year, by the foreign exchange currency fluctuations from its Canadian business, and by warmer winter weather.

  • Tech Guest Viewpoint: Steps to Implementing RFID Successfully

    Careful planning with clear, set goals will better your chances to get the most out of any vision. When considering RFID in retail, it’s no different. If you start with the results you want and identify a pathway toward achieving them, you’ll set yourself up for success.

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