Finance & Capital Management

REI is looking to strengthen its omnichannel capabilities with a new distribution center in Arizona.

The outdoor retailer that it will open a third distribution center, located in Goodyear, Ariz., in 2016 to better support its website, stores and customers through faster product replenishment and delivery.

Mississauga, Canada – Target Corp.’s exit from Canada is reportedly not turning out as smoothly as the retailer had hoped. According to the Toronto Globe and Mail, Target is returning 55 leases it could not find a bidder for to their landlords.

Target is also returning 19 leases for office and warehouse space in Canada. The company operated a total of 133 stores in Canada; meaning about 40% of the store leases did not attract bidders.

CVS Health's growth in its drug services business is helping to offset retail sales declines from its decision to stop selling cigarettes<span style="color: rgb(54, 54, 54); font-family: open_sansregular, Arial, Helvetica, sans-

Lakeland, Fla. – Publix Super Markets Inc. satisfied the public in the first quarter of fiscal 2015. The retailer’s net income jumped 11% to $548.9 million from $493.7 million in the same period a year earlier.

Sales were $8.3 billion, a 7% increase from $7.8 billion. Same-store sales increased 5.3%.

Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.

Woonsocket, R.I. - CVS Health showed vitality in the first quarter of fiscal 2015. The retailer beat expectations in areas such as earnings per share (EPS) and pharmacy benefit management (PBM) operating profit.
 

Publix continues to demonstrate that its customers indeed find that shopping there is a pleasure, judging by the grocery chain's first quarter results.

Publix’s sales for the first quarter of 2015 were $8.3 billion, a 6.8% increase from last year’s $7.8 billion. Same store sales increased 5.3%. Net earnings for the first quarter of 2015 were $548.9 million, compared to $493.7 million in 2014, an increase of 11.2%. Earnings per share for the first quarter increased to $0.71 for 2015, up from $0.63 per share in 2014. T

San Jose, Calif. – eBay Inc. shareholders have reportedly voted themselves a measure of power to nominate directors on the company’s board. According to the Wall Street Journal, 59% of shares voting at the meeting approved allowing investors who hold at least 3% of eBay’s shares for three years to nominate up to 25% of the company’s directors.

The CEO of Carter's Inc. and the former CFO of V.F. Corp. have joined the board of directors at the Fresh Market.

Michael D. Casey, CEO and a director of Carter’s Inc., and Robert K. Shearer, formerly CFO of V.F. Corp., have been named as independent directors effective May 1. With these additions, the Fresh Market’s Board has nine directors, eight of whom are independent directors.