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Finance & Capital Management

  • Scotts does deal to pursue pests

    The Scotts Miracle-Gro Company has acquired Action Pest Control as it looks to leverage the equity of its Ortho brand and drive growth in the $7 billion pest control industry.

  • Nearly half of U.S. merchant terminals to accept EMV chip in 2015

    New York -- At least 47% of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015, according to the Payments Security Task Force (PST). The estimates are based on forecasts provided by acquirers representing approximately 80% of U.S. purchase volume.  

  • WD-40 is lubricating the world

    Strong international growth offset a decline in domestic sales at WD-40 where the company produced its highest volume fourth quarter ever.

    Total net sales for the period ended August 31, increased 4% to $97.6 million while full year sales increased 4% to $383 million. WD-40 has a strong international presence and the impact of currency exchange rates favorably impacted results. On a constant currency basis total net sales were $93.9 million for the fourth quarter and $377.7 million for the full fiscal year.

  • Urban Outfitters warns on Q3 earnings

    Philadelphia –- Urban Outfitters Inc. is warning that continued negative same-store sales in the third quarter of fiscal 2014 may have an impact on quarterly earnings. The specialty apparel chain said declining same-store sales could deleverage gross profit margin for the third quarter at a rate greater than during the first half of the year, leading to dampened profits.  

  • September retail sales show weakness

    Washington, D.C. -- September retail sales, excluding automobiles, gasoline stations and restaurants, decreased 0.1% seasonally adjusted month-to-month yet increased 4.6% unadjusted year-over-year. According to the National Retail Federation (NRF), seasonal factors played a role, but the drop-off from August was worse than expected.  

  • Savills Studley promotes Stephen G. Berliner to executive VP, New York tri-state region

    New York, N.Y. -- Savills Studley, a global commercial real estate services firm specializing in tenant representation, announced the promotion of Stephen G. Berliner executive VP & branch sanager, New York Office to executive VP, New York Tri-State Region.  

  • Under Armour nabs Neiman exec for board

    Karen Katz, president and CEO of Neiman Marcus Group, has been appointed to the board of directors of Under Armour Inc.

  • Starbucks boosting pay and relaxing dress code for workers; gives OK to tattoos

    Seattle – Starbucks Coffee Co. is increasing the pay and relaxing the dress code of its U.S. store employees to allow for tattoos and other forms of self-expression to show.  
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