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Finance & Capital Management

  • RILA adds DC influencers to champion retail cause

    With the retail industry continuing to face abundant legislative challenges, the Retail Industry Leaders Association has made two key hires to bolster lobbying efforts during what promises to be a year of highly contentious presidential politics.

  • KKR makes Midwestern retail move

    Global investment firm KKR’s name is usually associated with large deals, but that’s not the case with it latest acquisition of a small Midwestern chain that looks a lot like Tractor Supply.

  • Former Home Depot exec named CFO at Hancock Fabrics

    Rebecca Flick has joined Hancock Fabrics, a struggling operator of 260 stores, as CFO after spending 14 years early in her finance career with the Home Depot.

    Flick was named CFO effective Jan. 4, to fill a position that had been held on an interim basis since August 2015 by O. Pierce Crockett, Hankcock’s divisional VP and controller. Crockett stepped in to lead the finance group after James Brown resigned as CFO after holding the post for less than two years.

  • Children’s Place listened to shareholders, makes changes

    Following a contentious exchange with a large shareholder in 2015, Children’s Place is changing a key provision of its bylaws that allows investors to nominate directors and allowing a vote on several other measures shareholders identified as concerns.

  • Forest City completes conversion to REIT status

    Cleveland -- Forest City Enterprises, Forest City Realty Trust announced the completion of the merger of FCE Merger Sub, Inc., an Ohio corporation, with and into Forest City Enterprises, Inc., with Forest City Enterprises, Inc. surviving as a wholly-owned subsidiary of Forest City Realty Trust, Inc.

    The merger marks the final step in the company’s planned conversion to real estate investment trust (REIT) status for the taxable year ending December 31, 2016.

  • Rite Aid December sales flat at $2.2 billion

    Rite Aid last week reported a same-store sales decrease of 0.1% for the four weeks ended Dec. 26. December front-end same-store sales increased 0.8% while pharmacy same-store sales, which included an approximate 207 basis points negative impact from new generic introductions, decreased 0.6%.

    Despite the report of relatively flat sales, Rite Aid stocks were up on Dec. 31, reaching a peak of $7.89 for the day. Today, the stock is trading at $7.86, up slightly from the day's open of $7.84.

  • Soft Surroundings Pampers Customers as it Expands Store Network

    Photo: ColorTek - Studio C, St. Louis

  • Consumer confidence ends year on high note

    Consumer confidence rose in December amid lower gas prices and a stronger job market.

    The index of consumer confidence rose to 96.5 in December from a revised 92.6 in November, the Conference Board said Tuesday. (The November reading originally was put at 90.4, the lowest level in more than a year.) Economists expected a rise to 93.6, according to Bloomberg.

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