Finance & Capital Management

Marsh on Tuesday affirmed its commitment to the Bloomington, Indiana market and the company's two other Bloomington stores, 1825 Kinser Pike and 123 South Kingston Drive, following the closure of its location at 3600 West Third Street.

The Kinser Pike store will begin an extensive remodel immediately, Marsh reported, along with the copmany's Teal Road store in Lafayette, Indiana. Other recent remodels include Marsh's Kingston Drive store in Bloomington, as well as its Salisbury Street location in West Lafayette.

The Golub Corp., operators of the Price Chopper grocery store chain, named Scott Grimmett as president and CEO. Grimmett, who has been part of the family-owned company’s succession plan since joining Golub in January 2012 as executive VP and COO, is the first non-family member to head up the chain. He replaces Jerry Golub, who has been appointed vice chairman of the board

Genesco has sold a subsidiary that sells apparel and equipment to schools and youth sports programs to a larger Texas-based competitor.

BSN SPORTS, a division of Varsity Brands and a direct marketer and distributor of sporting goods to the school and league markets, announced that it has acquired Lids Team Sports from the Lids Sports Group, a division of Genesco Inc.

The largest single-day, private sector pay increase ever will take effect Feb. 20, when more than 1.2 million Walmart U.S. and Sam’s Club associates receive a pay increase.

The salary hike is the second phase of the company’s two-year, $2.7 billion investment in workers. But it is broader than the original plan, which was announced last fall.

When providing the BDO retail IPO outlook for 2015 at the beginning of this year, we asked: Will consumer businesses face a potential Alibaba hangover in 2015?

Staples is giving itself three more months before calling off its proposed $6.3 billion acquisition of Office Depot, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission.

Citing a Virtual Builders Exchange report, the San Antonio Business Journal last week reported H-E-B would be opening a pureplay convenience store operation with plans to construct a 7,500-square-foot convenience and fuel center. "The convenience store market in San Antonio has become increasingly competitive over the past few years, made even more so with local CST Brands agressive expansion plans," the business journal reported.

Citing a Virtual Builders Exchange report, the San Antonio Business Journal last week reported H-E-B would be opening a pureplay convenience store operation with plans to construct a 7,500-sq.-ft. convenience and fuel center.