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Finance & Capital Management

  • Rite Aid Q3 revenues up 21.8%, calls special meeting to decide WBA merger

    Rite Aid on Thursday reported revenues of $8.2 billion, up 21.8%, for its fiscal third quarter ended Nov. 28, 2015.

  • The dark — and costly — side of holiday returns

    Return fraud during the holidays is a growing problem for retailers—and also an extremely expensive one.

  • The cloud offers Dylan’s Candy Bar sweet growth possibilities

    An information technology modernization effort at innovative candy retailer Dylan’s Candy Bar saw the company convert to the cloud and now the sky’s the limit.

  • The dark — and costly — side of holiday returns

    Return fraud during the holidays is a growing problem for retailers—and also an extremely expensive one.

  • Five Below achieves market milestone

    Rapidly growing extreme value retailer Five Below could see its share price improve in the coming months as it is added to an important market index.

    Five Below will join the S&P SmallCap 600 index effective after the close of trading on Friday, Dec. 18. The change is noteworthy for Five Below because such moves offer trigger increased buying of the company’s shares by funds that track the performance of the index which the company is joining. Five Below replaces UIL Holdings which merged with Iberdrola USA.

  • Decline of the in-store shopper hits Pier 1 Imports

    Pier 1 Imports says it is still confident in its omnichannel strategy despite a mostly flat third quarter in which the company struggled with the same soft store traffic impacting many other retailers.

    For the third quarter ended Nov. 28, the specialty retailer said same store sales decreased 0.7%. Total sales decreased 2.5% (a 1.4% decrease on a constant currency basis) to $472.5 million, compared to $484.5 million in the third quarter of fiscal 2015. Net income $10.92 million, or 13 cents a share, vs. a profit of $17.86 million, or 20 cents a share, a year ago.

  • A&P bankruptcy pushes central New Jersey retail vacancy rate up

    The demise of The Great Atlantic & Pacific Tea Co. elevated the retail vacancy rate along central New Jersey’s major shopping corridors to 8.8% from 7.5% in 2014.

    That’s according to the latest study by R.J. Brunelli & Co. Despite the uptick, the region’s 2015 vacancy factor remained a healthy distance from the 10.2% recorded in 2013 and the eight-year high of 10.5% set in 2011, but was well above the period’s low point of 4.8% posted in 2008.

  • CVS Health enterprise on solid footing; raises midpoint of earnings outlook

    At its annual Analyst Day in New York Wednesday morning, CVS Health raised the midpoint of its earnings outlook for 2016.

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