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Finance & Capital Management

  • GE Capital provides financing to MX Restaurants for Corner Bakery Cafe

    Scottsdale, Ariz. -- GE Capital’s Franchise Finance business announced its first financing for the Corner Bakery Café brand. It  comes in the form of a $5.6 million loan to Texas-based MX Restaurants and Bakeries, which already operates seven Corner Bakery restaurants in the Houston and South Texas markets. MX will use these funds to pay off short-term debt related to a recent acquisition and to develop four additional units.  

  • Cypress Equities acquires Corner Shopping Center

    Dallas -- Cypress Equities companies announced that its affiliated Cypress Acquisition Partners Retail Fund has closed on the acquisition of The Corner Shopping Center in Dallas. The project is a community shopping center, located on the northeast corner of Walnut Hill and the US-75 Central Expressway.   

  • Build-A-Bear Workshop swings to Q3 profit; plans holiday pop-ups in Macy’s

    St. Louis –- Build-A-Bear Workshop Inc. swung to a profit in the third quarter of fiscal 2014 from a loss in the same quarter a year earlier. The retailer also announced that will open five pop-up stores for the 2014 holiday season, including one in Macy’s Herald Square flagship in New York City, and its State Street location in Chicago.   

  • Amazon Q3 loss widens to $437 million; sales up 20% to $20.58 billion

    Seattle -- The red ink got worse at Amazon in its third quarter as the Internet giant reported a net loss of $437 million in the third quarter, worse than analysts expected, compared with a net loss of $41 million in the year-ago period.  

  • Canadian operations cut into West Marine Q3 profit

    Watsonville, Calif. –- A tax valuation allowance related to its Canadian operations helped reduce net income at West Marine Inc. to $4.9 million in the third quarter of fiscal 2014, down 24% from $6.5 million in the same period the prior fiscal year. Net revenues were $196.5 million, a 2% jump from $193.4 million, and same-store sales rose 0.6%.  

  • Marcus & Millichap names senior director of National Retail Group

    St. Louis --Marcus & Millichap announced that Brett Chetek has rejoined the firm as senior director of the National Retail Group in the firm’s St. Louis office.

  • Panjiva: U.S. imports down in September

    New York –- Imports to the U.S. were down in September from August, but still there was a measurable year-over-year increase. Sept. 2014 showed levels of imports 7% above imports in Sept. 2013.   

  • Report: Sears closing more stores

    New York -- Investor website Seeking Alpha reported on Thursday that Sears Holdings Corp. is closing more than 100 stores and laying off at least 5,457 employees. The report, which Sears said was inaccurate, said the shutterings include 30 Sears stores, 31 Sears Auto Centers and 46 Kmart stores.  
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