Finance & Capital Management

Savannah, Ga. -- Citi Trends Inc. on Friday announced a change in leadership as its reported fourth quarter results that topped forecasts. The urban apparel retailer said that Ed Anderson is retiring as CEO, effective March 21, with Jason Mazzola, currently executive VP and chief merchandising officer, becoming president CEO effective March 22, and being appointed to the board of directors, effective immediately.

Additionally, Bruce Smith, executive VP and CFO, will also become its COO.

Kroger executive Kathleen “Katy” Barclay and former Coach executive Catherine “Kate” Buggeln are the newest member of the Five Below board of directors.

Despite similarities in name, Katy Barclay and Kate Buggeln bring different strengths to the rapidly growing teen and tween retailer’s board. Barclay has more than 35 years of experience in the human resources field and currently serves as senior vice president of human resources at Kroger.

New York -- Kroger executive Kathleen “Katy” Barclay and former Coach executive Catherine “Kate” Buggeln have joined the board of directors of Five Below. The two executives bring different strengths to the rapidly growing teen and tween retailer’s board. Barclay has more than 35 years of experience in the human resources field and currently serves as senior VP of human resources at Kroger.

Unusual trading activity in shares of RadioShack prompted the company to issue a public statement reminding speculators the company’s shares are soon likely to be worthless.

Bankrupt companies don’t normally issue such warnings, but the move was prompted by trading in the company’s shares on the OTC Pink exchange under the symbol RSHCQ after the company was delisted from the New York Stock Exchange.

New York -- After five consecutive quarters of declining same-store sales, teen retailer the Buckle may be coming out of its slump.

The Nebraska-based company reported net sales of $353.5 million, 4.3% higher than the year-ago quarter. Same store sales grew 1.1%. Net income rose by about 1.3% to $60.1 million, producing earnings of $1.25 per share, ahead of analysts’ estimates.

Westlake, Ohio – Rising fuel gross margins and a non-recurring litigation settlement helped Travel Centers of America Inc. (TA) roughly triple its net income to $34.34 million in the fourth quarter of fiscal 2014, from $11.97 million in the fourth quarter of the previous fiscal year. Revenues dipped 9% to $1.72 billion, from $1.9 billion.

Consumer electronics retailer Tiger Direct has decided that brick-and-mortar is overrated.

The retailer is closing all but three of its 34 physical stores in the U.S. and internationally in order to focus exclusively on e-commerce.

An IT products and solutions provider, the company has made the strategic decision to accelerate its business-to-business and public sector customer focus, but mostly via its website.

Paris - Nature & Découvertes, a French-based European retailer with 83 stores across France, Belgium, Luxemburg, Germany and Switzerland, has partnered with Ipanema Technologies as part of an enterprise-wide, 24-month digital transformation. With Ipanema’s help, the retailer successfully reduced application response time by 50%, and reduced network costs and OPEX costs by 50% and 10%, respectively.