Finance & Capital Management

Sally Beauty Holdings is turning to a 25-year retail veteran to help the company boost sales and drive growth.

Sharon M. Leite has been appointed president of the Sally Beauty Supply LLC, U.S. and Canada business, effective Feb. 1.

Whole Foods had a difficult 2015 that included falling sales and stock value, as well as a pricing scandal. However, as Marketplace Business reports, Whole Foods is looking to regain its footing in 2016 with help from a redesigned, IT-centric customer experience. [Marketplace Business]

Walgreens Boots Alliance on Thursday reported net sales of $29 billion, representing an increase of 48.5%, for the first quarter 2016 that ended Nov. 30, 2015. The significant growth was attributed to the inclusion of Alliance Boots consolidated results, the company reported.

Wall Street had expected $29.2 billion in overall revenue, according to analysts polled by Thomson Reuters.

Nordstrom continues to expand its off-price format, with plans to open a Nordstrom Rack at The Marketplace at Braintree in Braintree, Massachusetts. The approximately 35,000-sq.-ft. store, leased from Seritage Growth Properties is scheduled to open in fall 2016.

Nordstrom Rack at The Marketplace at Braintree will join a diverse group of retailers including Ulta Beauty, Sports Authority, Best Buy, Bed Bath & Beyond and PetSmart. The 351,282-sq.-ft. center is located south of downtown Boston and near main highways including I-93, I-95 and Route 3.

The Finish Line has promoted its president to CEO and plans to close a quarter of its stores as the retailer said supply chain problems hurt its third quarter performance.

The retailer announced that Sam Sato will succeed Glenn Lyon as CEO of The Finish Line, Inc., effective Feb. 28. Lyon will transition to the role of non-executive chairman of the board.

Photos: Sam Dushey before his appearance on “Undercover Boss,” (photo, left) and after he underwent his undercover transformation (photo, right). Via CBS.com

Having a view into store activities can mean many things, but in a very literal sense being able to see what’s happening in the store is crucial for security and risk management.

For Atlanta-based, 24-store specialty golf retailer PGA Tour Superstore, getting a better store-level view has meant starting to upgrade a legacy analog video management system (VMS) to a modern IP-based VMS.

Children’s Place did the most shareholder friendly thing possible just days after it announced a slate of other shareholder friendly measures.