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Finance & Capital Management

  • Needle taps eBay exec as SVP, chief marketing officer

    Amy Heidersbach, who has spent the last four years at eBay overseeing various marketing efforts, including Pay Pal, has joined customer experience management company Needle as SVP, chief marketing officer.

    Heidersbach led PayPal’s $12.5 billion enterprise and retail solutions unit while at eBay and also was also on the executive team that founded X.commerce, the online auction house’s ecommerce platform division. Heidersbach brought X.commerce together with ecommerce platform Magento after it was acquired by eBay in 2011.

  • Guns and ammo take down Sportsman’s Warehouse

    Outdoor retailer Sportsman’s Warehouse is off to a rough start as a newly minted public company, reporting an 18.1% decline in first quarter same store sales as firearms and ammunition sales evaporated.

  • Papa John’s names former Boeing exec as new director

    Louisville, Ky. — Papa John’s International Inc. has appointed Laurette Koellner to the company’s board of directors. Koellner most recently served as executive chairman of International Lease Finance Corporation, a subsidiary of American International Group Inc. (“AIG”) from June 2012 until May 2014.

  • Sportsman’s Warehouse swings to Q1 loss

    Midvale, Utah — Increased selling, general and administrative expenses were a key factor in Sportsman’s Warehouse Holdings Inc. swinging to a net loss of $3.37 million in the first quarter of fiscal 2014, compared to net profit of $4.46 million in the same period a year earlier. The retailer plans to open eight new stores during the fiscal year, including four in the second quarter.

    Net sales dropped 3% to $132.4 million from $136.5 million. Same store sales decreased by 18.1%, primarily as a result of the decline in demand for firearms and ammunition.

  • China’s Alibaba.com debuts U.S. e-commerce site

    San Mateo, Calif. – Chinese e-commerce giant Alibaba Group is debuting its U.S. e-commerce site, 11Main.com, with a beta rollout on Wednesday, June 11. The home page of the invite-only website says “We’re opening soon — our shop owners are getting unpacked and unsettled,” and has an online invite request option. (Alibaba has filed for an initial public offering in the United States, in May.)

  • Consumers spending outlook brightens in May

    Consumer spending in May increased 4.2%, according to the latest SpendTrend report from First Data Corporation, with the retail sector enjoying renewed vigor.

    First Data’s SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data. The spending increase of 4.2%, compared to 4.1% in April.

  • Board drama at Lululemon

    Lululemon founder Chip Wilson has voted against the re-election of Michael Casey and RoAnn Costin to the company’s board of directors.

    Wilson founded the company in 1998, and has seen it evolve through many business cycles, expanding it from a small storefront in Vancouver to an international brand with more than 250 stores.

  • City Furniture expands in Florida

    Taramac, Fla. — Furniture retailer City Furniture is completing a $17.5 realignment of its South Florida retail network with the opening of a new 34,000-sq.-ft. Ashley Furniture HomeStore in Cutler Bay, Florida. This location is adjacent to a 56,000-sq.-ft. City Furniture showroom that opened in October 2013, creating a 90,000-sq.-ft. superstore.

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