Finance & Capital Management

Major retailers, trade groups and politicians sounded a euphoric and bipartisan tone last week following the introduction of trade legislation with potentially huge implications for the retail industry and the U.S. economy.

Costco shareholders are a happy lot these days between the company’s surging share price, huge special dividends and now another substantial increase in the company’s regular quarterly payout.

Late Friday, with shareholders already sitting on a 30% increase in the stock price during the past year, the company gave them another reason to smile by hiking its dividend 12.3% to 40 cents a share, or $1.60 on an annual basis, from the current quarterly dividend of 35.5 cents, or $1.42.

Sears Hometown and Outlet Stores Inc., which had disappointing financial results in its last quarter, said CEO W. Bruce Johnson will leave the company Aug. 1.

The company also announced that the board of directors has commenced a search for a new CEO and has retained Heidrick & Struggles, a leading global executive search firm, to assist the Board in identifying and evaluating external and internal candidates.

EBay painted a mixed financial picture for the first quarter, with lower revenue from its marketplaces division and higher revenue from its Paypal division, which the company said it plans to spin off later this year.

Carbondale, Colo. -- Casey Sheahan, former CEO of Patagonia, has joined FastG8, a digital media company focused on driving e-commerce for brands in the outdoor and active lifestyle marketplaces.

Also joining the form is Zohar Ziv, who retired from Deckers Outdoor Corporation in January, where he most recently held the title of COO. He has also served as CFO for Deckers.

Greensboro, N.C. -- Tanger Factory Outlet Centers and Foxwoods Resort Casino announced that Tanger Outlets at Foxwoods will celebrate the new center's grand opening on Thursday, May 21 kicking off at 10 a.m. with an official ribbon cutting hosted by Drew and Jonathan from the hit show, Property Brothers. The festivities will include a design workshop with the Property Brothers, an Instagram Tech Lounge, as well as special savings and giveaways.

New York -- Simply Fashion Stores Ltd. has filed for Chapter 11 bankruptcy protection, and announced plans to liquidate nearly all of its assets. In its filing, it noted that the “exact plan” for the future of the company is still being refined.

The Birmingham, Alabama-based urban fashion retailer, which caters mostly to African-American women, operates some 250 stores in 25 states.

Duluth, Ga. -- NCR Corp. announced supermarket chain Roche Bros. has implemented NCR’s Connected Payments to help with its payments security. Massachusetts-based Roche Bros. is using the cloud-based payment solution to manage all of its daily operations related to payments across its network of stores.

The Tile Shop had good results for its first fiscal quarter of 2015, with double-digit sales growth and steady progress in other key areas. But with the housing market rebounding, one may wonder why sales weren't even stronger.

Sam’s Club has strengthened the value proposition of its membership offering with a new range of high value services designed to differentiate it from Costco while fending off competition from well-capitalized online startup Jet.com.