Finance & Capital Management

San Jose, Calif. -- Togo’s Eateries has announced a multi-unit franchise agreement in Utah. Six new franchised restaurants will open in the Salt Lake City metropolitan area beginning in first quarter 2014. The agreement accompanies Togo’s commitment to grow from 250 to 400 restaurants.

Togo’s average unit sales exceed $633,000 with more than half of the restaurants averaging over $799,000.

New York -- Foot Locker has completed the acquisition of Runners Point Group, a specialty athletic store and online retailer based in Recklinghausen, Germany.

With 200 stores located principally in Germany under the Runners Point and Sidestep banners and online business, Runners Point Group will boost Foot Locker’s European store count to 800 and add $254 million to the company’s European revenues of more than $1 billion.

San Diego -- The San Diego office of Colliers International has announced that Rick Puttkammer is rejoining the firm as a senior VP. A 25-year veteran in retail property sales and leasing, Puttkammer will head up the firm’s retail division.

Most recently, Puttkammer was senior VP at Flocke & Avoyer in San Diego. From 1987 to 1997, he was senior marketing director at Colliers in San Diego.

COLUMBUS, Ohio — Branded footwear and accessories retailer DSW recently leveraged social media to hold a contest encouraging existing and potential consumers to vote for nonprofit organizations nominated by DSW employees.

As part of the retailer's Shoe Lovers Care Leave Your Mark program, DSW employees nominated nearly 200 nonprofit organizations for the opportunity to win a grant. Finalists were selected by DSW and then presented via social media for public voting, which wrapped up in late June 2013.

National Retail Federation SVP for government relations David French spoke to Fox News' Stuart Varney about D.C.’s decision to pass a living wage bill requiring non-union, big box retailers to pay their employees $12.60 per hour. As a result of the bill's passing, Walmart has scrapped plans to open three stores in the District. While defenders of the bill point out that the living wage is a fair one given cost of living and the still challeneging economic climate, Varney says the District, via its council members, is turning down 2,000 jobs and French agrees.

FORT WORTH, Texas — RadioShack released a statement in which it contends its balance sheet remains strong, with total liquidity of $820 million at the end of the first quarter.

The retailer released the statement a day after reports said it was considering hiring a financial adviser as a result of debt maturities, bloated inventories and slumping sales.

New York -- The growing appeal of smaller format stores and the increasing number of international moves by emerging market retailers are two of the key trends revealed in the Accenture Globalization Index, Quarter One 2013.

San Diego -- Fixtures Living, which specializes in premium lifestyle products for the home, is changing its name to "PIRCH." The official switchover occurs on Aug. 29.

Fort Worth, Texas -- RadioShack Corp. on Friday released a statement in which it said that its balance sheet continues to be strong, with total liquidity of $820 million at the end of the first quarter. The chain released the statement the day after a report said the retailer was considering hiring a financial adviser.

Reamstown, Pa. -- DORMA USA Inc. has significantly expanded its U.S. presence by acquiring Door Controls, one of the largest independent automatic door distributors in the nation.

The acquisition enables DORMA to provide its customers with enhanced products solutions and services in the Midwest, and reinforces DORMA’s current strong installation and service presence in the Eastern region of the country.