Skip to main content

Finance & Capital Management

  • Tile Shop Q3 net income drops, COO to become CEO

    Minneapolis –- An increase in selling, general & administrative (SG&A) expenses helped reduce net income at Tile Shop Holdings Inc. to $1.5 million, down 63% from $4.05 million in the same quarter the prior fiscal year. In addition, founder and CEO Robert Rucker will retire as CEO effective Jan. 1, 2015 and be replaced by current COO Chris Homeister, who will join the board of directors early in 2015.  

  • Sherwin-Williams shines in Q3

    Cleveland, Ohio –- The Sherwin-Williams Company had a strong third quarter of fiscal 2014, with net income growing 24% to $326.24 million from $262.97 million in the same period a year earlier. Net sales climbed 10% to $3.15 billion from $2.85 billion.  

  • 1-800-Flowers net loss continues in Q1

    Carle Place, N.Y. –- 1-800-Flowers.com reported a net loss of $4.58 million for the first quarter of fiscal 2015, a slight improvement from the $4.64 million net loss reported in the same quarter a year earlier. Expenses drove the company’s net loss.  

  • Century 21 opens as The Gallery anchor Oct. 28

    Philadelphia -- Century 21 Department Store is opening an approximately 95,000-sq.-ft. anchor store at The Gallery shopping center in Philadelphia on Tuesday, Oct. 28. This will be New York-based Century 21’s first location outside the New York market.   

  • Avison Young executes sale of Lindbergh Crossing in Atlanta

    Atlanta –- Commercial real estate services firm Avison Young has completed the $7.06 million sale of Lindbergh Crossing, a 27,057-sq.-ft., fully-leased shopping center in Atlanta. The team enabled the seller, Lindbergh Crossing, LLC, to harvest a significant gain on the property within a relatively short holding period.  

  • Stonewall Kitchen receives Centre Partners investment, names new CEO

    York, Me. –- Stonewall Kitchen has received an investment from private equity firm Centre Partners. As part of the investment, Stonewall Kitchen will continue to be managed by its existing leadership team with the addition of Centre operating partner John Stiker, who has been named CEO.    

  • Report: Luxottica owner says return as CEO temporary

    Milan, Italy –- Leonardo Del Vecchio, 79, the chairman and founder of global eyewear manufacturer/retailer Luxottica Group who assumed the role of interim CEO on Oct. 14, has reportedly sent a letter to employees reassuring them his return as CEO is temporary. According to Reuters, in the letter, Del Vecchio said he would step down and turn management over to new co-CEOs once the company’s new governance structure is consolidated.  

  • Harvard Business Review: And the best-performing CEO is…

    New York -- Harvard Business Review released its annual list of the 100 best-performing CEOs in the world, and heading up the list is Amazon chief Jeff Bezos.    
X
This ad will auto-close in 10 seconds