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Finance & Capital Management

  • Southern Bullion closure widens DGSE net loss

    Dallas – Net loss at specialty jewelry retailer DSGE Inc. roughly tripled to $4.45 million in the second quarter of fiscal 2014 from $1.12 million in the same period a year earlier. Writeoffs related to the closure of DSGE’s Southern Bullion banner drove the net loss increase.

  • Amazon grows California operations

    Amazon plans to open a fifth California fulfillment center in Redlands. Since opening its first fulfillment center in the state less than two years ago, Amazon has expanded its presence to nearly 5 million sq. ft. Amazon’s other California fulfillment centers are located in San Bernardino, Moreno Valley, Patterson and Tracy.

  • Boutique brand Hotel Indigo will make a home at Celebration Pointe

    Gainesville, Fla. -- Hip hotel brand Hotel Indigo has inked a deal to open a 120-room boutique property at mixed-use project Celebration Pointe, in Gainesville, Florida. The InterContinental Hotel Group’s banner will bring boutique style to a neighborhood that has garnered attention for its urban style, featuring a pedestrian-friendly atmosphere, inspired architectural features and abundant green space.

  • Kohl’s optimistic on BTS after weak 2Q

    Kohl’s exceeded analysts’ profit expectations in the second quarter, but it wasn’t due to top line strength and now the company has a lot riding on the back-to-school season.

  • Walgreens outlines new operational leadership structure

    Deerfield, Ill. -- Following Walgreens' announcement last week about taking the next step in acquiring Alliance Boots, Alex Gourlay, executive VP Walgreens Boots Alliance and president of Walgreens, announced a proposed operational organization structure in a letter to Walgreens employees.
     

  • Target Canada addresses challenges with new initiatives

    Target Canada is looking to improve business performance with a new set of initiatives that the company has unveiled on the heels of some leadership changes last spring, as well as a comprehensive review of its Canadian operations.

    Among the initiatives, Target unveiled a new price-match policy and unveiled a long-term partnership with celebrity designer Sarah Richardson, set to launch next year. Richardson’s new line of home décor will debut exclusively at Target Canada beginning in fall 2015.

  • Cohen Real Estate adds two new broker hires

    New York — Retail brokerage firm Cohen Real Estate has added two new members to its brokerage team, augmenting the firm’s presence in New York City.

    Guy Saban joins Cohen as investment sales broker, and will provide real estate advisory and investment services to buyers and sellers who are seeking to expand, optimize, and/or diversify their real estate portfolios.

    Max Garelick joins as real estate associate, and will work alongside Cohen VP Michael Cleeman to market retail, mixed-use and multi-family properties in Manhattan.

  • Ace Hardware second-quarter results paint a nice picture

    With heavy investment in its Paint Studio and a corresponding media blitz to promote it, wholesale sales at Ace Hardware Corp. jumped double digits in the second quarter.

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