Finance & Capital Management

EBay painted a mixed financial picture for the first quarter, with lower revenue from its marketplaces division and higher revenue from its Paypal division, which the company said it plans to spin off later this year.

Major retailers, trade groups and politicians sounded a euphoric and bipartisan tone last week following the introduction of trade legislation with potentially huge implications for the retail industry and the U.S. economy.

San Jose, Calif. – eBay Inc. topped Wall Street expectations for both profit and revenue in the first quarter of fiscal 2015. Growth in transactions and efforts to control expenses helped produce net income of $626 million, compared to a net loss of $2.33 billion the same quarter a year earlier.

Greensboro, N.C. -- Tanger Factory Outlet Centers and Foxwoods Resort Casino announced that Tanger Outlets at Foxwoods will celebrate the new center's grand opening on Thursday, May 21 kicking off at 10 a.m. with an official ribbon cutting hosted by Drew and Jonathan from the hit show, Property Brothers. The festivities will include a design workshop with the Property Brothers, an Instagram Tech Lounge, as well as special savings and giveaways.

Duluth, Ga. -- NCR Corp. announced supermarket chain Roche Bros. has implemented NCR’s Connected Payments to help with its payments security. Massachusetts-based Roche Bros. is using the cloud-based payment solution to manage all of its daily operations related to payments across its network of stores.

Sam’s Club has strengthened the value proposition of its membership offering with a new range of high value services designed to differentiate it from Costco while fending off competition from well-capitalized online startup Jet.com.

The Tile Shop had good results for its first fiscal quarter of 2015, with double-digit sales growth and steady progress in other key areas. But with the housing market rebounding, one may wonder why sales weren't even stronger.

New York -- Simply Fashion Stores Ltd. has filed for Chapter 11 bankruptcy protection, and announced plans to liquidate nearly all of its assets. In its filing, it noted that the “exact plan” for the future of the company is still being refined.

The Birmingham, Alabama-based urban fashion retailer, which caters mostly to African-American women, operates some 250 stores in 25 states.