Finance & Capital Management

First Data Corporation has bolstered its senior leadership team as part of its ongoing transformation from a payments processor to a collaborative technology company and solutions provider for merchants and financial institutions around the world.

The company promoted two executives to new roles: Barry McCarthy to lead four strategic businesses including the STAR Network and Sanjiv Das to lead First Data’s international business. The company has also brought in two new hires: Andrew Gelb to lead the financial services business and Adam Rosman as general counsel.

Greensboro, N.C. -- VF Corporation announced that senior VP and CFO Robert K. Shearer will retire in March 2015, after 28 years with the company. Scott A. Roe, 49, currently VP, controller and chief accounting officer, will succeed Shearer as CFO.

Mars Petcare has opened a state-of-the-art, Gold-LEED certified $110 million global innovation center in Thompson's Station, Tennessee. The new campus is the third Mars Petcare innovation center and first in the United States.

The company selected the location in Thompson's Station in part because Tennessee is home to Mars facilities in Cleveland, Chattanooga, Lebanon and Franklin (two locations).

Dublin, Calif. - Ross Dress for Less will open two new stores in North Florida on Oct. 11. The stores are located in the Lakeland Park Center in Lakeland and Forest Lakes Plaza in Oldsmar.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

New Orleans - Smoothie King Franchises Inc. has signed a five-store development agreement for Missouri with new franchisee Jackie Floyd. The smoothie chain currently has 21 locations in the state, including more than a dozen in the St. Louis area, with three additional stores planned to open in the market in 2014.

Dublin, Calif. -- Ross Dress for Less will open a new store in Colorado on Oct. 11. The store is located in Prairie Center in the community of Brighton, eight miles northwest of Denver.

This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

Was he or wasn’t he? Unfortunately for Walmart, a legitimate question about whether comedian Tracy Morgan and his entourage were wearing seatbelts the night their limousine was rear-ended by a Walmart truck has made a bad situation worse for the retailer.

New York  -- The outlook for retail in the Northeast remains quite positive, with demand from national, local and franchise companies across a broad range of categories, according to Levin Management.