Skip to main content

Finance & Capital Management

  • Robert Almond, Jr., named CEO of Nest

    Gloucester City, N.J. — The board of directors of Nest announced that Robert Almond, Jr. will take over as CEO of Nest, a 20-year-old multi-facility business advisor specializing in consulting, technology and financial solutions.

  • Profit drops at Sears Hometown and Outlet Stores

    Sears Hometown and Outlet Stores Inc.

  • PriceSmart grows May sales

    San Diego – PriceSmart Inc. increased net and same-store sales during May 2015. Net sales increased 14% to $230.2 million, from $202.3 million in May a year earlier.

    Same-store sales rose 4.6%. There were 36 warehouse clubs in operation at the end of May 2015.
     

  • Sears Hometown profits, sales fall in Q1

    Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. reported falling profits and sales in the first quarter of fiscal 2015. Lower online commissions from Sears Holdings, lower initial franchise revenues, and lower delivery income helped reduce net income to $2.15 million from $3.68 million.

    Net sales in the first quarter of 2015 decreased 1% to $582.8 million from $589.9 million. This decrease was driven primarily by a 1.2% decrease in same-store sales.

  • IHL: EMV costly, time consuming, out of date for most retailers

    Franklin, Tenn. - The new EMV card payment mandate may not provide financial ROI for retailers. According to new research from IHL Group, most retailers will never recoup the expense that EMV imposes.

  • What to Do When Activists Attack

    Today, CEOs and corporate board members of retail chains must run simply to stand still. Executives of publicly traded retailers face intensive pressure from activist investors to quickly and decisively increase shareholder value. Activists are known to secretly accumulate a significant stake in a company and without notice blind side the CEO with risky restructuring plans, force firms into unwanted mergers to removing board members and CEOs that disagree with their speculative strategy.

  • Wal-Mart not worried about competitors; its 2 million associates are the key

    Bentonville, Ark. -- Speaking at Wal-Mart Stores’ annual shareholders meeting in Bentonville, Arkansas, president and CEO Doug McMillon told the more than 14,000 assembled associates and shareholders that he is more worried about the enemy within the company than competitors.

    “The truth is the real villains are lurking within the company,” said McMillon. “Our real villains are things like bureaucracy, complacency, a lack of speed, or a lack of passion.”

  • Profit drops at Sears Hometown and Outlet Stores

    Lower sales and a fall in commissions led Sears Hometown and Outlet Stores Inc. to post falling profit in the first quarter.

X
This ad will auto-close in 10 seconds