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Finance & Capital Management

  • Hain Celestial expands brands portfolio with acquisition

    The Hain Celestial Group, an organic and natural products company, has acquired Tilda Limited, a Basmati and specialty rice products company. Tilda brand's portfolio includes more than 60 dry rice and ready-to-eat products under the names Tilda, Akash Basmati and Abu Shmagh.

  • PetSmart edits management team and organizational structure

    PetSmart is making changes to its management team and organizational structure in conjunction with the retirement of president and COO Joseph O’Leary. The changes will become effective April 4.

    Assuming the role of president will be current CEO David Lenhardt.

  • Best Buy adds Cabela’s CEO Tommy Millner to board

    Best Buy has elected Cabela's president and CEO Thomas L. Millner to its board of directors.

    “Tommy is a well-regarded CEO who has successfully transitioned his organization from a traditional retailer to one that is highly respected as an effective omnichannel player,” said Hatim Tyabji, chairman of the Best Buy board of directors. “Best Buy is on the same journey and Tommy’s insights will, no doubt, be valuable as the Company looks to even better serve its customers wherever and however they want.”

  • Jos. A Bank shareholder pushes toward Men’s Wearhouse deal

    New York -- Eminence Capital, a 4.9% stakeholder in Jos. A. Bank and a 10% shareholder in Men’s Wearhouse, said it supports Men's Wearhouse's proposed acquisition of the company and demanded that Jos. A. Bank's board sit down and engage in "meaningful, good faith negotiations."

    Efforts to merge the two retailers have dragged on for months, with each chain having their offers to acquire the other rejected.

  • Midwestern U.S. has highest rate of holiday returns

    Irvine, Calif. -- Statistics released by The Retail Equation, gathered during the seven days after Christmas, revealed that the Midwest states had the highest rate of returns, when comparing total dollars purchased to total dollars returned and exchanged.

  • Fred's revamps merchandising team after weak holiday sales

    New York -- Regional discount retailer Fred’s is making some big changes to its merchandising and operations groups to begin 2014 and has retained several firms to review strategic opportunities.

  • RadioShack appoints Dollar General exec as CFO

    New York -- RadioShack is enlisting specialty retail industry veteran John W. Feray to help the company execute its turnaround strategy and has appointed him executive VP and CFO, effective Feb. 6.

  • RadioShack taps former Dollar General exec as financial chief

    RadioShack is enlisting specialty retail industry veteran John W. Feray to help the company execute its turnaround strategy and has appointed him EVP and CFO effective Feb. 6.

    Feray joins RadioShack from Dollar General, where he has been SVP of finance and strategy since 2008 under both private equity ownership and as a public company. With responsibility for financial planning and analysis, long-term strategic planning, real estate market planning and operational improvement activities, he has been credited as a key contributor to Dollar General's growth.

  • Deceleration in traffic and sales cut into Lululemon’s Q4 forecast

    Lululemon planned to start 2014 with a new CEO and flat comparable store sales for the fourth quarter. Despite being on track to hit its numbers, however, a significant dip in traffic and sales in January has prompted the company to cut its fourth quarter forecast.

  • Walmart CEO Bill Simon among senior execs added to NRF board

    Walmart CEO Bill Simon was among a group of six senior excutives added to the National Retail Federations board of directors.

    Simon will be joined by Beall’s CEO Steve Knopik, J.C. Penney CEO Myron Ullman, Tractor Supply CEO Greg Sandfort, SAP SVP Lori Mitchell-Kell and Utah Retail Merchants Association president Dave Davis.

    The retailers were elected to the board Sunday, the opening day of NRF’s 103rd Annual Convention and EXPO. They will serve three-year terms.

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