Finance & Capital Management

International wholesale club PriceSmart keeps attracting shoppers to its stores, as the retailer reported an increase in same store sales for the third quarter.

Irving, Texas – Some stockholders of The Michaels Companies Inc. intend sell 12.5 million shares of Michaels common stock. The selling Stockholders will receive all of the net proceeds from this offering.

No shares are being sold by the company. Goldman, Sachs & Co. will act as underwriter for the offering.
 

Just months after being named the nation's best department store by USA Today, Stein Mart is reporting a big jump in same store sales for June.

The Florida-based retailer reported total sales for the five-week period ended July 4 of $121.7 million, a 7.5% increase over total sales of $113.2 million for the five-week period ended July 5, 2014. Same store sales for the five-week period ended July 4 increased 5.8% from June 2014.

The Home Depot has come one step closer to eliminating youth homelessness in Canada after sponsoring an inventive in-store campaign.

By purchasing a paper door for $2, Home Depot customers in Canada raised $1,253,370 toward the goal of ending youth homelessness in that nation. Donations will go to support housing and life-skills development programs such as counselling, financial literacy, and employment preparation to give youth the practical tools they need to live to their full potential.

New York -- Every retailer needs a good CFO and that’s especially true at Conn’s where the company’s business model requires balancing the need to grow sales against the charge off risk associated with extending credit to subprime customers.

Conn’s, the 90-store retailer of furniture, bedding, appliances and consumer electronics, named Thomas Moran CFO on July 9. He replaces Mark Haley, Conn’s chief accounting officer, who had filled the position on an interim basis since last December.

Lowe's is getting some recognition for its efforts to aid communities with money, supplies and manpower in times of disaster.

New York -- Although the list of retailers reporting monthly sales has grown considerably slim over the past few years, a handful are still going public with the metric.

Costco Wholesale Corp. announced on Thursday that its same-store sales fell 1% in June, following a 1% drop in its most recent quarter (ended May 1), which was the chain’s first quarterly drop since 2009.

Headwinds from fuel price fluctuations and currency exchange rates lessened for Costco in June as the retailer posted a bump in same store sales.

The warehouse club reported net sales of $11.01 billion for the month of June, the five weeks ended July 5, an increase of 1% from $10.88 billion during the similar period last year. Same store sales, excluding the negative impacts from gasoline price deflation and foreign exchange, were 6%.