Finance & Capital Management

Struggling consumer electronics retailer RadioShack Corp. has named Carlin Adrianopoli, a consultant with strategic advisory and interim management services firm FTI Consulting, as its new interim CFO.

Adrianopoli replaces Alix Partners managing director Holly Etlin, who was named interim CFO in September to replace previous CFO John Feray after he resigned.

Adrianopoli, 39, has been a senior managing director in the FTI Consulting Corporate Finance/Restructuring practice since 2010 and joined FTI in 2002.

Fort Worth, Texas – Struggling consumer electronics retailer RadioShack Corp. has named Carlin Adrianopoli, a consultant with strategic advisory and interim management services firm FTI Consulting, as its new interim CFO. Adrianopoli replaces Alix Partners managing director Holly Etlin, who was named interim CFO in September 2014 to replace previous CFO John Feray after he resigned.  

CONSHOHOCKEN, Pa. - Ikea hasa proposed plans for a possible store in the city of Memphis, Tennessee that could increase the Swedish retailer’s presence in the Southeastern United States as its first store in the state.    The potential store could open as early as fall 2016 and is contingent upon receiving all governmental approvals.  

New York - In a long-awaited decision handed down late Monday, Dov Charney, the controversial founder of American Apparel, has been fired "for cause" as CEO. He was suspended as president and CEO of the hipster apparel chain in June for alleged misconduct and violations of company policy, American Apparel said in a statement. The decision was made by the board’s “suitability committee,” which was formed in the wake of Charney’s suspension to oversee an internal investigation.

Fast-growing payments startup Adyen has secured $250 million from investors who have valued the Amsterdam-based startup at $1.5 billion.

Adyen serves as a middleman for Facebook, Spotify, Airbnb and other merchants, enabling them to accept Visa, MasterCard and soon bitcoin in nearly 200 currencies worldwide.

The eight-year-old company allows merchants to accept payments on the Web, mobile and more recently at individual points of sale.

Ann Arbor, Mich. - Domino's Pizza has selected and implemented AMTdirect to manage its corporate real estate portfolio. The cloud platform has allowed Domino's to centralize real estate information and track revenue, sales and expenses across locations.   

New York - Wal-Mart Stores on Tuesday said that it might appeal the decision of the Pennsylvania Supreme Court, which ordered the discounter to pay $188 million to settle a class-action suit over worker pay.       The Pennsylvania Supreme Court upheld a 2007 lower court ruling in favor of  workers  who said Wal-Mart failed to pay them for all hours worked and prevented them from taking full meal and rest breaks.   

Walmart said the Pennsylvania Supreme Court has ordered it to pay about $151 million to settle a class-action lawsuit filed by employees who claim their meal and rest breaks were cut.

Walmart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

The suit, filed in March 2002, represented about 187,000 Wal-Mart employees who worked in Pennsylvania between 1998 and 2006.