Finance & Capital Management

Chattanooga, Tenn. -- CBL & Associates Properties, Inc. announced the promotions of Andrew Cobb to senior VP and director of accounting, Stuart Smith to senior VP - planning/redevelopment, Jennifer Cope to VP - shared services, Jon Meshel to VP - development/redevelopment, and Ken Wittler to VP - development.

Andy Cobb joined CBL in June 2002, as VP - accounting. In February 2007, he was promoted to VP and director of accounting. Prior to joining CBL, Cobb was an audit manager for Arthur Andersen.

New York -- Traditional preprint circulars continue to dominate many retailers’ promotional offerings but digital coupon momentum is accelerating, according to strong 2014 results by Coupons.com.

Total revenue in the company’s fourth quarter ended Dec. 31, 2014 increased 14% to $60 million and full year revenue increased 32% to $221.8 million. Total digital coupon transactions in 2014 increased 23% to 1.6 billion.

Urban Outfitters Inc. set a record and beat Wall Street expectations with its sales for the fourth quarter and full fiscal year 2014.

Total net sales grew 12% to $1.01 billion from $905.86 million, setting a record for the company. Same-store sales, including direct-to-consumer sales, rose 6%. For the full year, total net sales increased 8% to $3.32 billion, from $3.09 billion, also another record. Same-store sales grew 2%. For both the fourth quarter and full fiscal year, strong growth in the wholesale segment helped push up total net sales.

Seattle – Rising selling, general and administrative (SG&A) expenses resulted in shrinking profits for Blue Nile Inc. during the fourth quarter and fiscal year 2014, despite healthy sales growth. In the fourth quarter, net income dropped 2% to $4.83 million from $4.93 million.

Net sales rose 8% to $157.47 million from $145.96 million. During the full fiscal year, net income fell 12% to $9.73 million, from $10.87 million. Net sales grew 5% to $473.51 million, from $450 million.

Aliso Viejo, Calif. – Johnny Rockets has promoted James Walker to president of operations and development. Formerly Johnny Rockets' chief development officer, Walker was recently promoted because of his role in orchestrating the franchise's record growth and development since joining in December 2013.

San Francisco – Port management temporarily halted vessel loading and unloading operations at West Coast ports the weekend of Feb. 7-8. In a statement, the Pacific Maritime Association (PMA), representing port management, said it did not want to offer port workers premium pay for diminished productivity in light of continued work slowdowns caused by disagreements with the International Longshore and Warehouse Union (ILWU) over issues such as pay, pensions and contract arbitration.

By Jonathan Barsade, CEO of Exactor

New York -- Aeropostale Inc. on Monday narrowed its fourth-quarter loss forecast on better than expected sales, margins, and expense management in January, and announced two executive appointments.