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Finance & Capital Management

  • Neiman Marcus appoints Wolverine exec as COO/CFO

    Dallas - Donald T. Grimes will be joining Neiman Marcus Group as executive VP, COO and CFO. Grimes will succeed Jim Skinner, who will continue to be part of the company’s management team in the newly created role of vice chairman, Neiman Marcus Group.

  • Who is the Victim in Petty Theft?

    The answer to the questions above may not be as obvious as one would think. Retailers not only suffer losses in the billions, but they also must spend millions in an effort to thwart this behavior. In the past, retailers could rely on the criminal justice system, but today’s limited resources have left retailers with only civil demand laws which are currently being scrutinized.

  • Geeknet goes with a new buyer for $140M

    The “unnamed strategic bidder” who outbi

  • 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?

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