Finance & Capital Management

Coach has appointed David Denton, EVP and CFO of CVS, to its board.

The company also appointed William Nuti, who was named chairman, CEO and president of NCR Corp., to the board. The appointments of Nuti and Denton brings to 11 the number of board members.

The Coffee Bean & Tea Leaf has appointed Karen Cate as CFO and Jeff Schroeder as VP of operations.

Cate was the VP, controller of Trader Joe's Company, where she was responsible for the integrity of financial processes and reporting for the retail grocery store, warehouses and distribution operations. She has also held financial management positions for Sun Microsystems, Nestlé USA and Avery Dennison Corporation.

Retail sales rose ever so slightly in April, putting a damper on hopes of a sharp uptick in economic growth in the second quarter. According to the U.S. Commerce Department, retail sales, which include categories such as automobiles, gasoline stations and restaurants, rose 0.1% in April, following a revised 1.5% increase in March that ranked as the biggest since March 2010.

JDA Software Group, a leading global supply chain planning and execution solutions provider, has appointed Baljit (Bal) Dail, a technology executive who has served as JDA’s chairman since May 2013, as interim CEO, effective immediately, replacing Hamish Brewer, who is leaving the company.

Dail will lead the search for a permanent successor to lead the company in the next phase of its strategic growth plan.

St. Louis -- Build-A-Bear Workshop said that Michael Shaffer has been appointed to the company’s board of directors.

Shaffer, 51, will serve as chairman of the audit committee and a member of the nominating and corporate governance committee. He is executive VP, COO and CFO for New York-based PVH Corp. where he oversees the retail division, treasury, corporate finance, information technology, and logistics services.

Bialow Real Estate is a full-service real estate consulting firm dedicated to servicing the needs of retailers — local, regional and national retailers. Bialow provides all of the traditional functions of an internal real estate department including strategic planning, market analysis, site selection, lease negotiations and coordination of the fit out or construction process on through to store opening.

New York -- DSW has closed on its acquisition of Town Shoes Limited, the largest footwear and accessories retailer in Canada, for $68.7 million in cash. DSW acquired a 49.2% interest in Town Shoes from certain clients of Alberta Investment Management Corporation (AIMCo) and other minority shareholders.

DSW's initial stake provides 50% voting control and board representation equal to the primary remaining shareholder, Callisto Capital. Peter J. Solomon Company served as financial advisor to DSW Inc.

Tuesday Morning Corporation’s turnaround efforts paid off in the third quarter ended March 31. The company reported strong comparable store sales performance, increased inventory turnover and improved cash position during the quarter.

The leading closeout retailer that operates 811 stores across the U.S. reported net sales of $182.8 million, an increase of 2.6% compared to $178.1 million for the third quarter of fiscal 2013.

New York – A shrinking net loss was the only positive result from the tough first quarter fiscal 2014 numbers posted by Cache Inc. Net loss shrank to $10.8 million from $17.8 million in the same quarter a year earlier.

Cache’s net sales dropped 11% to $47.4 million, from $53.5 million. Same-store sales declined 8.9%, with the shift in Easter contributing. Jay Margolis, chairman and CEO of Cache, tried to strike an encouraging tone.

The Hillshire Brands Company is about to expand its already robust portfolio of brands — which includes Jimmy Dean, Hillshire Farm, Birds Eye, Ball Park, Duncan Hines, Vlasic, Wish-Bone, State Fair, Sara Lee frozen bakery, Mrs. Butterworth's and Log Cabin — with the acquisition of Pinnacle Foods in a cash and stock transaction for approximately $6.6 billion.