Skip to main content

Finance & Capital Management

  • Report: Target tapping alternative energy for North Carolina store

    Minneapolis – Target Corp. is reportedly bringing a sunny approach to energy at its store in Fayetteville, North Carolina.

    According to the Fayetteville Observer, Target will install solar panels that can generate 432 KwH of electricity per year on the store’s roof. There is no firm launch date yet for the store’s solar panels, which will likely generate 15%-30% of its total electricity needs.   

  • Update on Quiksilver bankruptcy

    Huntington Beach, Calif. -- Quiksilver Inc. has got the OK on financing and on some store closures.

    Quiksilver Inc. has received preliminary approval from bankruptcy court for a $175 million bankruptcy financing package. The surf apparel chain filed for Chapter 11 protection on Sept. 9.

  • NRF seeks reversal of joint employer ruling

    Washington, D.C. - The National Retail Federation (NRF) is not backing down from its opposition to an expanded definition of “joint employer.”

    The NRF is publicly asking Congress to pass legislation introduced this week that would reverse a recent National Labor Relations Board ruling that significantly broadens the definition of a joint employer.

    According to the NRF, the move would unfairly make companies that work with franchise locations or subcontractors responsible for actions they do not control.

  • Rite Aid gives $1.3M toward educating children of vets

    Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.

  • Global retail event names ‘Retailer of the Year’

    New York -- Alibaba, the Chinese e-commerce giant, was named “Retailer of the Year” at the World Retail Awards gala dinner in Rome, Italy.

  • A supplier with too many eggs in Target’s basket

    Dependent on Target for 43% of its revenue, licensed apparel company Cherokee Global Brand saw its market value obliterated after disclosing Target would not renew a decades old relationship.

  • Mattress Firm in corporate restructuring

    Houston -- The integration of the Sleep Train organization into Mattress Firm continues as the firm works to drive future growth.

    Mattress Firm Holding Corp. announced that Ken Murphy has been promoted to president and Rob Killgore to COO.

  • Kroger’s winning ways continue in Q2

    Cincinnati -- For almost 12 years, Kroger has reported same-store sales growth every quarter. And they did it again Friday.

    The supermarket giant reported net earnings of $433 million, or $0.44 per diluted share, and identical supermarket sales growth, without fuel, of 5.3% in the second quarter of fiscal 2015.
     

X
This ad will auto-close in 10 seconds