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Finance & Capital Management

  • Report: Check the hours on that ‘24-hour’ Wal-Mart

    Bentonville, Ark. – Shoppers who frequent 24-hour Wal-Mart locations may want to double-check the opening and closing times. According to Bloomberg, Wal-Mart will begin closing about forty 24-hour stores in areas including Philadelphia, New Jersey and Maryland for a few hours each night.   This expands upon the nighttime closures of about 25 other 24-hour Wal-Marts, which began earlier this year. Wal-Mart plans to use the downtime for activities such as stocking shelves and preparing store floors for customers. 
  • True colors: What a CFO needs to know about paint

    CSA: What is one of the first things a CFO should know when bidding out a paint project?         JG: There are many factors that go into a store remodel, and paint is one that is generally seen as a wholly separate line item in the construction specs. And with paint, the first thing people tend to think about is the cost of the paint itself.  
  • Former eBay exec joins Ernst & Young as innovation head

    New York – The changes continue at eBay. Jeff Wong, who ran eBay’s Business Incubation Group, has joined professional services firm Ernst & Young as chief innovation officer.    Wong will lead Ernst & Young’s newly formed Global Innovation Team. The team will identify emerging concepts and solutions and also work to develop new technologies, strategies and solutions.  
  • Canada's largest grocer closing stores

    Canada's biggest food retailer Loblaw announced it plans to close 52 unprofitable stores over the next year at the same time the company reported lackluster second quarter financial results.

    Loblaw Companies has more than 2,300 stores, including Loblaws, Provigo, and Extra Foods. It also owns Shoppers Drug Mart. 

  • Wal-Mart takes control of e-commerce in China

    Bentonville, Ark. – Wal-Mart Stores Inc. is taking control of its e-commerce operations in China. The discount giant has acquired the 49% of its Chinese e-commerce arm Yihaodian it did not previously own, taking full ownership of its e-commerce business in China.   
  • Cabela's aims to drive growth with smaller stores

    On the heels of a disappointing financial quarter, the CEO of outdoor retailer Cabela’s says the company plans to stick to opening smaller-format stores.
  • IDC: Future of tech looks cloudy

    Framingham, Mass. – The future of technology looks cloudy, and IT professionals should be pleased. In a new study, International Data Corporation (IDC) predicts the number of new cloud-based solutions will triple in the next four to five years.    
  • Tractor Supply drives big growth in Q2

    The CEO of Tractor Supply Company credited strong marketing and merchandising initiatives with a significant increase in same store sales in the second quarter.

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