Finance & Capital Management

Los Angeles – Forever 21, known for operating some truly large stores, is reportedly rethinking that strategy.

According to the Wall Street Journal, the specialty fast-fashion retailer is also in talks to obtain a $150 million load.

Greensboro, N.C. -- The Fresh Market named a veteran food retailer who once led Food Lion as its new president and CEO. The hiring follows the abrupt termination of the chain's former CEO and comes as the once high-flying chain has seen its sales stagnate.

Arlington, Va. – Regional southeastern grocery retailer K-VA-T Food Stores is staying in the money, and doing it remotely.

The operator of the Food City and Super Dollar banners has implemented vbInSight by Balance Innovations as its corporate reporting solution.

vbInSight is a Web-based corporate reporting application that provides K-VA-T with immediate access, via alerts, to individual and aggregate bookkeeper and cashier data.

Evansville, Ind. -- Shoe Carnival Inc. kicked up its heels about its profit in the second quarter, but missed on sales.

Aided by higher merchandise margins and lower advertising expenses, Shoe Carnival reported net earnings of $4.8 million, up 84% from $2.6 million a year earlier. Its results easily beat estimates.

Net sales rose 2% $227.8 million, less than expected, from $222.1 million. Same-store sales rose 0.5%.

Shoe Carnival plans to open 21 new stores and close 15 stores by the end of fiscal 2015.

The acquisition of Family Dollar in the second quarter led Dollar Tree Inc. to report quarterly sales that were up more than 48% from a year ago.

For the second quarter ended Aug. 1, Dollar Tree reported sales of $3.01 billion, boosted by $811.6 million in sales from Family Dollar. Same store sales rose 2.7%. Dollar Tree reported income of $138.9 million. The retailer’s earnings were 67 cents.

Washington, D.C. -- The Labor Department is not extending the comment period on the Obama administration’s proposal to expand overtime pay. Its decision drew a no-holds barred response from the nation’s largest retail organization.

San Jose, Calif. – PayPal Holdings Inc. is combining the management structure for its product and engineering departments.

Hill Ferguson, who served as senior VP of PayPal’s consumer business, has resigned his position.

Ferguson’s role will not be directly replaced. Instead, Bill Ready, senior VP and global head of merchant and next-generation commerce, is also assuming control of the consumer side of operations. This means he will oversee all product and engineering activities.

St. Louis -- Build-A-Bear Workshop continues the transformation of its store experience — and business.

The specialty retailer on Tuesday debuted its updated store design at Mall of America, in Bloomington, Minnesota. Part of a company-wide brand refresh, the reformatted location was developed to increase productivity and optimize space while updating the brand’s overall brand look. New elements include:

• Sophisticated new logo, store set-up and color palette;