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Finance & Capital Management

  • Online sales exceed lofty expectations

    Retailers expected online sales to hit record levels in 2014 and did they ever.

    New all-time highs for e-commerce sales are now expected for the November through December time frame following a strong surge in sales during the final week before Christmas, according to the digital measurement firm comScore.

  • Top Fraud Prections for 2015: Technology will shape the fight

    Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud predictions for 2015. The experts weighed in on digital currencies, information security and other issues that will help shape the effort to prevent and detect fraud in the new year:  

  • Report – Labor Dept. investigates RadioShack retirement plans

    Fort Worth, Texas – The U.S. Department of Labor is reportedly investigating how RadioShack has been managing its 401(k) retirement plans for employees. According to the Associated Press, the Department of Labor notified RadioShack of the investigation with a letter saying it is looking at the retailer’s management of retirement plans going back to 2011.  

  • Report: Minimum wage hikes to affect 1,400 Wal-Mart stores

    Bentonville, Ark. – Minimum wage increases scheduled to take effect in 24 states and Washington, D.C. will affect employees at more than 1,400 Wal-Mart stores and 200 Sam’s Club in the U.S. According to CNN, Wal-Mart said it has less than 6,000 employees currently earning the federal minimum wage of $7.25 an hour and has already been planning to pay all employees more than the federal minimum wage.  

  • Walgreens-Boots merger one step closer

    Walgreens is poised to start 2015 off with a bang, as the company has nearly finalized its mega-deal with Alliance Boots.

    Walgreens shareholders voted to approve all proposals related to the company’s acquisition of the remaining 55% of Alliance Boots that it does not currently own and the reorganization of the company into a holding company structure.

  • Walgreens' vital signs good in Q1

    Walgreens said stronger sales from established stores helped it trump analyst expectations for the first quarter, even as the company's acquisition of European retailer Alliance Boots remains on track to close this month.

    Walgreens reported a 16.4% lift in quarterly profit to $809 million that was credited to the 222 million prescriptions filled for the first quarter ended Nov. 30. 

  • Alliance Boots boosts Walgreens Q1 profit

    Deerfield, Ill. – Cost synergies from its ongoing merger with U.K. drugstore chain Alliance Boots GmBH helped boost net earnings at Walgreen Co. 16% to $809 million in the first quarter of fiscal 2015 from $695 million the same quarter a year earlier. The combined synergies for Walgreens and Alliance Boots in the first quarter were approximately $140 million and remain on track to reach at least $650 million in fiscal 2015.

    Sales rose 7% to $19.6 billion from $18.33 billion. Same-store sales increased 5.7%.

  • Sports Authority chief to lead Guitar Center

    Guitar Center has chosen retailing veteran Darrell Webb to be the company's new president and CEO. From 2011 to 2013, Webb served as chairman and CEO of the Sports Authority.   Webb has more than 30 years of experience in retailing and has led several multibillion dollar companies through periods of rapid growth.  
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