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Finance & Capital Management

  • Sheetz opens new Burlington, N.C., distribution center

    Altoona, Penn. -- C-store operator Sheetz cut the ceremonial red ribbon to officially open its new Burlington (North Carolina) Distribution Center.    The $33 million facility contains a Sheetz Bros kitchen, distribution and warehousing center for the Sheetz distribution fleet. There is also be space for various corporate support departments.    

  • Books-A-Million turns a page

    Books-A-Million has appointed Ronald J. Domanico to serve as a member of the board and a member of the audit committee of the board.

    “We are very fortunate to have identified a director of the caliber and experience that Ron possesses,” said Clyde B. Anderson, the executive chairman of the board of directors of the company. “Ron is a seasoned financial executive that brings a depth of experience in finance, strategy, and operational matters to our board.”

  • Nordstrom rolls on, loyalty expands

    New stores, 3.9% same store sales growth and increased loyalty propelled Nordstrom to record third quarter sales.

    The company’s total sales increased 8.9% to $3 billion thanks to the addition of new stores and a 3.9% same store sales increase that was driven by online growth. Profits increased 3.6% to $142 million compared to $137 million while earnings per share increased 5.8% to 73 cents from 69 cents.

  • Dillard's posts increased profit in 3Q, sales dwindle

    Little Rock, Ark. -- Dillard's Inc. reported Thursday a profit of $55.2 million in its fiscal third quarter, up 8.4% over the $50.9 million profit in the same period last year.   Sales, however, dipped to $1.460 billion, from $1.469 billion, and same-stores sales declined 1%.   Still, said CEO William T. Dillard II, "We believe we are positioned very well for the holiday season.”  

  • Smart & Final reports increases in quarterly profit and sales

    Commerce, Calif. -- Smart & Final Stores, Inc. reported that profit for the third quarter edged up 1.9% to $10.2 million. Sales surged 10.8% to $1.13 billion, and same-store sales leapt 6.6%.   “We continue to grow sales in both of our store banners--Smart & Final and Cash & Carry--and this has translated into strong financial results.," said Dave Hirz, president and CEO.  

  • Retail sales rise ahead of holiday shopping

    Washington, D.C. -- U.S. retail sales edged up in October, according to a report released by the Commerce Department, evidence that recent job gains and lower gas prices are lifting consumer spending as the holiday shopping season begins. Retail sales rose 0.3% last month after falling by the same amount in September. Excluding gas stations, where falling prices lowered spending, sales rose a solid 0.5%.  

  • Next phase of growth takes shape at Spanx

    Spanx, one of the hottest brands in retail, named finance executive Dan Glennon to the new role of COO and CFO to help drive growth at the leading shapewear brand.

    Glennon will lead the cross functional teams of global finance, legal, information technology, sourcing, manufacturing and planning as well as data and analytics. He will report directly to Spanx CEO Jan Singer.

  • American Eagle Outfitters delivers on European expansion promise

    London -- Challenged to grow in the U.S., teen apparel chain American Eagle Outfitters is making good on its pledge to leverage the overseas market to kickstart expansion.   
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