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Finance & Capital Management

  • Wolverine World Wide veteran joins Neiman Marcus as COO/CFO

    A Wolverine World Wide executive is joining the Neiman Marcus Group as executive VP, COO and CFO.

  • Dollar General's growth strategy paying off

    Strong sales of tobacco products, candy and snacks helped drive Dollar General's same-store sales up nearly 4% in the first quarter as the company celebrates its 12,000th store opening this month.

  • Dollar General beats Q1 profits, misses sales; on track to open 730 stores

    Goodlettsville, Tenn. – Dollar General Corp. beat Wall Street expectations for profit but missed on sales in the first quarter of fiscal 2015. Net income totaled $253 million, up 14% from $222 million the same period the prior year.

    Higher initial inventory markups, improved inventory shrink rate and lower transportation costs helped boost net income. Net sales increased 9% to $4.92 billion, compared to $4.52 billion. Same-store sales increased 3.7%, resulting from increases in both customer traffic and average transaction amount.

  • Wal-Mart to enact some raises in July

    Bentonville, Ark. – Wal-Mart Stores Inc. is reportedly raising wages for some employees in specialized departments beginning in July. According to the Associated Press, managers of more complicated departments like automotive and electronics will have their pay range increased to $13 - $24.70 per hour, from $10.30 - $20.09 per hour.

  • 'We were able to create Black Friday in April,' Target's Cornell tells Mad Money

    New York -- Target chief Brian Cornell talks to CNBC's Jim Cramer about what the company is doing to turn its business around. What else does Target have up its sleeve and how will it keep the momentum going?

  • Fossil exec named new CMO at Vera Bradley

    Vera Bradley Inc. has hired an executive with the Fossil Group to be its new chief marketing officer.

    Vera Bradley announced that Theresa Palermo has been named CMO and will join the company on June 22. 

  • Profit at Conn's drops 44%

    Sales and credit delinquencies weighed on Conn's Inc. in the first quarter even as the company continues to explore the sale of its loan portfolio. 

  • Conn’s beats Street with Q1 profit; will open 15-18 stores

    The Woodlands, Texas – Conn’s Inc. managed to beat Wall Street expectations with a 44% net income slide in the first quarter of fiscal 2016. Net income fell to $15.7 million from $28.5 million the same quarter a year earlier, with costs related to store closures, relocations and legal and professional fees contributing.

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