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Finance & Capital Management

  • Body Central adds apparel expertise

    Veteran apparel merchant Celia Clancy spent time at Bradlees, Walmart and TJX Companies. Now she is the newest member of struggling specialty retailer Body Central’s board of directors.

  • CROSSMARK exec named CEO at WIS

    The retail inventory specialist firm WIS International named merchandising and marketing services veteran Jim Rose as its new president and CEO.

    Rose most recently served as president of marketing services at CROSSMARK, a leading provider of marketing and merchandising services. Rose also previously served as chairman and CEO for Mosaic Sales Solutions and also held senior roles at The Nielsen Company and MPG, a global advertising and communications company.

  • Macy’s views omnichannel as Q4 advantage

    Macy’s third quarter sales were lower than expected but the company still managed to grow profits by 30% and expressed optimism regarding the fourth quarter.

    The department store retailer said same store sales declined 0.7% while total sales    declined 1.3% to slightly less than $6.2 billion during the third quarter ended Nov. 1. Net income increased 22.5% to $217 million while earnings per share, aided by the repurchase of nine million shares, increased 30% to 61 cents a share.

  • Founding officer of Costco dies at 72

    Issaquah, Wash. -- Robert Craves, 72, a founding officer of Costco, died last week shortly after being diagnosed with cancer, The Seattle Times reported.

     

  • Long-time Costco exec Craves dies

    Former Costco executive Robert Craves died last week shortly after being diagnosed with cancer, The Seattle Times reported. He was 72.

  • Moody’s forecasts 4- to 5% sales increase in 2015

    New York -- The outlook for the U.S. retail industry in 2015 is stable, according to a new report by Moody’s Investor Service, which forecasts that retail sales will grow 3- to 4% in 2014,  and 4- to 5% in 2015.     The report, Moody’s U.S. Retail Industry Outlook, also finds that traditional brick-and-mortar retailers will be formidable competitors to pure-play online merchants.    

  • Alibaba racks up $2 billion in sales in first hour of annual shopping festival

    New York --  Chinese E-commerce giant Alibaba Group Holdings sold about $2 billion worth of goods on its websites within approximately the first hour of its annual shopping extravaganza.    This is the sixth year Alibaba has celebrated Singles Day, or 11.11 (named after the date, 11/11), a 24-hour deep-discount festival designed to boost sales during an otherwise weak period in China's sales calendar.   

  • RetailNext names IBM exec as chief marketing officer

    San Jose, Calif. -- RetailNext Inc., a leader in applied Big Data for physical retail, named Marc Dietz as its chief marketing officer.    Dietz comes to RetailNext most recently from IBM where he led worldwide marketing for the company’s SaaS portfolio, including multiple acquisitions such as DemandTec, Coremetrics, and Silverpop.   

  • Guest Commentary: Overtime Pay--Claims by Store Managers and Assistant Managers on the Rise

    By Nicholas Fortuna & Paula Lopez of Allyn & Fortuna LLP  

  • Aaron’s names head of Progressive Leasing unit as new CEO

    Atlanta -- Aaron's announced today that John W. Robinson III, executive VP of Aaron's and CEO of its Progressive Leasing unit, has been named CEO of Aaron's, effective Monday, Nov. 10, 2014.    
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