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Finance & Capital Management

  • Demand drives up Nike in Q2

    Citing strong consumer demand for its products, Nike reported a big boost in revenue and profit for the second quarter.

    “Our strong second quarter results once again demonstrate NIKE is a growth company,” said Mark Parker, president and CEO of NIKE Inc. “The power of our portfolio continues to unlock growth, as we keep a laser focus on our biggest opportunities. The breadth and depth of that portfolio has helped us consistently deliver strong results –- quarter after quarter, year after year.”

  • Pier 1 meets Street with Q3 profit decline

    Fort Worth, Texas – Pier 1 Imports Inc. met Wall Street expectations with a 33% year-over-year decline in profits during the third quarter of fiscal 2015. Net income fell to $17.9 million from $26.8 million, with an increase in selling, general and administrative (SG&A) expenses driving the reduction.  

  • Pier 1 reports Q3 profit plunge

    Despite reporting a 33% year-over-year decline in profits during the third quarter, Pier 1 Imports CEO Alex Smith said he is confident in the chain’s value proposition going forward in 2015.

  • EBay will pay at least $35 million in exec severance

    San Jose, Calif. – The New Year is looking very happy for EBay CEO John Donahoe and CFO Bob Swan. In a securities filing, EBay said that Donahoe will get a severance package worth $23 million and Swan will get a severance package worth $12 million when the company spins off its PayPal unit in 2015. Both men said they would leave their positions after the split occurs when EBay first announced the spinoff plan in September.  

  • Millennials more likely to make impulse holiday purchases

    Wilmington, Del. - The urge to impulse shop during the holidays runs strong among Americans, but even stronger among Millennials. According to the Chase Blueprint Holiday Impulse Purchases Survey, 83% of Millennials admit to having made an impulse purchase in the past.   

  • Celebration Pointe secures $46 million in financing for bridge construction and public infrastructure improvements

    Gainesville, Florida - Celebration Pointe, a 125-acre mixed-used development in the heart of Gainesville, has secured a $12 million State Infrastructure Bank (SIB) loan and $34 million in Community Development District (CDD) bonds. Celebration Pointe partner Ralph Conti made the announcement.  

  • Consumers can sue Target over breach

    New York - A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.   U.S. District Judge Paul Magnuson in St. Paul, Minn., dismissed claims by plaintiffs in certain states but largely denied Target's request to toss out the proposed class action lawsuit. Magnuson rejected Target's argument that the consumers lacked standing to sue because they could not establish any injury.  

  • Retail Rap: Stocking Stuffers

    With 2014 almost over, another holiday shopping season is drawing to a close. The looming question on everyone’s mind, of course, is whether holiday sales managed to live up to the (mostly) positive holiday forecasts from analysts and retail organizations.   
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