Finance & Capital Management

Publix Super Markets has signed leases to open its first-ever stores in the state of Virginia.

Better than expected holiday season and full year profitability at Toys “R” Us has the left the company optimistic about 2016 and looking at a financial restructuring which could free resources for growth initiatives.

Toys “R” Us said its estimated, unaudited and adjusted earnings before interest taxes, depreciation and amortization (EBITDA) increased 21% to $780 million during the fiscal year ended Jan. 30. Excluding a $42 million negative impact of foreign currency translation EBITDA grew 28%.

Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.

The number of U.S. businesses with solar energy installations grew to a new high in 2015. Enterprises ranging from family-run companies to some of the country’s biggest corporations are producing their own energy, cutting operating expenses, and achieving environmental sustainability.

A recent report from the Solar Energy Industries Association (SEIA) provides data and insights into the diverse mix of corporate offices, office buildings, retail, manufacturing, data centers, distribution and logistics centers, and convention centers that have gone solar.

Pensacola, Fla. -- Westwood Financial Corp. announced it has acquired the Shoppes at Milestone, a fully-leased shopping center located in Pensacola, Florida. The 19,700-sq.-ft. shopping center is shadow anchored by Publix and is the firm’s seventh Florida property.

Hancock Fabrics has filed for bankruptcy again and said it might put the entire company of 250 retail sewing and crafting stores up for sale.

Destination XL increased its earnings guidance for fiscal 2015 after the men's big-and-tall retailer pre-announced increased profit and high single-digit same-store sales for the fourth quarter.

Lumber Liquidators has been handed its penalty by the U.S. Department of Justice over allegations of illegal sourcing, which will amount to $13.2 million in fines and forfeitures.