Finance & Capital Management

San Jose, Calif. - EBay Inc. has appointed three new executives who will fill key positions on CEO-designee Devin Wenig’s leadership team. The company makes these appointments as it prepares for the separation of eBay and PayPal into independent, publicly traded companies in the second half of 2015.

Scottsdale, Ariz. - Retailers and consumer goods manufacturers are spending to improve their omnichannel sales capabilities. While this may not be surprising given the current business environment, a new report prepared for JDA Software Group Inc. by PwC, “The Omnichannel Fulfillment Imperative,” reveals that only 16% of companies say, the present time, they can fulfill omnichannel demand profitably.

City of Industry, Calif. – 99 Cents Only Stores Inc. plans to open nine new stores in Arizona, California and Texas between April 16 and April 18. On April 16, 99 Cents Only will open new stores in Canoga Park, Glendora and Vallejo, California.

On April 17, 99 Cents Only will open new stores in Chico and Escondido, California and Houston. On Saturday, April 18, 99 Cents Only will open new stores in Mesa, Arizona and Sylmar and Tustin, California.

Littleton, Mass. - Dover Saddlery Inc. entered into a definitive merger agreement with a company formed by Webster Capital. Webster will acquire all of the outstanding shares of Dover common stock for $8.50 per share in cash and take Dover private.

Alexandria, Va. - A majority of Americans say they are optimistic about the economy and low gas prices are driving the optimism. Overall, survey results released by the National Association of Convenience Stores (NACS) shows that 52% of Americans are optimistic about the economy, an eight-point jump from March.

Pittsburgh – As part of a wide-ranging fiscal update, Dick’s Sporting Goods Inc. is updating its fiscal 2017 sales target to $8.7 billion to $9 billion. The retailer also expects to open 135-150 namesake stores during the next three years, up from the 603 stores it operated at the end of 2014, focusing on new and underserved markets.  

Albuquerque, N.M. -- Heslin Holdings, Inc. announced the acquisition of West Central Plaza Shopping Center, a retail property located in Albuquerque, New Mexico. The firm plans to invest more than $12 million -- for both the acquisition and to redevelop and re-tenant the property -- as part of a value-add investment strategy.
 

Covington, La. -- Stirling Properties has added two people to its growing Asset Management division. Charles Barclay joined Stirling Properties as Assistant Asset Manager on a variety of retail and office properties in the Greater New Orleans area.

Barclay’s office is in the company’s corporate headquarters in Covington. Before moving to New Orleans, he worked for CW Capital Asset Management in Bethesda, Maryland.

Youngstown, Ohio -- The Picture People will open new studios in four Cafaro malls, according to the Youngstown, Ohio-based mall owner. The studios, which range in size from 1,800 sq. ft. to 2,700 sq. ft., will open by late May in Eastwood Mall (Niles, Ohio), Governor’s Square Mall (Clarksville, Tennessee), Huntington Mall (Barboursville, West Virginia) and Kentucky Oaks Mall (Paducah, Kentucky). In each case, this will be the first location for The Picture People in those respective states.

Dick’s Sporting Goods plans to spend $850 million over the next three years to add as many as 150 stores while growing total sales to as much as $9 billion with e-commerce contributing more than $1 billion.