Finance & Capital Management

Deerfield, Ill. – Walgreens and The Western Union Company have launched international and domestic money transfers through a new Western Union stage and pay kiosk model via the Walgreen’s Balance Financial platform. Customers can send or receive money at more than 7,650 Walgreens and Duane Reade locations in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Goodlettsville, Tenn. - Dollar General Corporation has extended its tender offer to acquire all outstanding shares of Family Dollar Stores Inc. for $80 per share, or about $9.1 billion, to Oct. 31. The offer was previously set to expire on Oct. 8. All other terms and conditions of the tender offer remain unchanged.

The step, which is largely procedural step, came as Family Dollar remained committed to its previously- agreed-upon deal with Dollar Tree for $74.50 a share.

Foothill Ranch, Calif.  -- The Wet Seal announced today that its CFO, Steve Benrubi, has resigned. He will remain with the company through Dec. 1 to assist with the transition. 

The retailer said it will start the search for a new CFO.

“I thank Steve for his service and loyal dedication to Wet Seal over the past nine years. Steve was an instrumental leader through many challenges and successes throughout his tenure,” said Wet Seal CEO Ed Thomas.

Washington, D.C. -- Madison Marquette Retail Services (MMRS), a national real estate development, leasing and management firm specializing in infill, mixed-use, community and specialty retail properties, has named Lori Coleman VP, management services, California. In her new role, Coleman will oversee the company’s entire California portfolio, which includes 4.8 million sq. ft. across 18 properties.

New York - Imports to the U.S. were up in August from July, and there was a measurable year-over-year increase. According to a new report from supply chain research firm Panjiva, imports in August 2014 were 4% higher than imports the same month the prior year.

Branded lifestyle apparel and footwear company VF Corporation has promoted Scott A. Roe, currently VP, controller and chief accounting officer, as CFO. Roe replaces SVP and CFO Robert K. Shearer, who announced plans to retire in March 2015, after 28 years with the company.

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.

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.