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Finance & Capital Management

  • Overstock.com launches multichannel fulfillment services

    Overstock.com is looking to improve its supply chain, and to that end the company has launched Supplier Oasis Fulfillment Services, a wholly owned subsidiary that provides multichannel fulfillment services.

  • Steinhafel out, Target seeks new CEO

    The search is under way for a new CEO at Target following the revelation Monday morning that Gregg Steinhafel was no longer chairman president and CEO effective immediately.

    On an interim basis, Target CFO John Mulligan will serve as president and CEO and current board member Roxanne S. Austin will serve as non-executive board chair. To advise the board on its search for a new CEO the firm of Korn Ferry was retained.

  • Three Ways to Fight Back Against Rising Costs

    By Chris Horacek, VP, BravoSolution, the supply management company

  • Alco stays focused following Q4 results

    Expenses associated with a rejected merger with Argonne Capital Group and the planned closing of more than a dozen stores took a chunk out of broad-line retailer Alco’s fourth quarter results.  

    Net sales from continuing operations during the quarter decreased 8.9% to $130.9 million, compared to $143.6 million in the fourth quarter of fiscal 2013, which had an additional week. Excluding the 14th week of the fiscal 2013 quarter, net sales from continuing operations decreased 4.7%.

  • Rite Aid taps former Dick’s Sporting Goods exec as information chief

    As part of Rite Aid’s information technology strategy, the company has named Matt Lynch, an information technology executive with nearly 30 years’ experience, as SVP and chief information officer.

  • Staples to acquire PNI Digital Media

    Staples is in the process of acquiring PNI Digital Media, a leading innovator in digital media solutions for retailers, for CDN$1.70 per share, representing a net equity value of approximately CDN$73.9 million.

    The purchase share price represents a premium of 31.8% over the closing price of CDN$1.29 of the PNI shares May 2 on the Toronto Stock Exchange and a premium of 28.9% over the 30 day volume weighted average price of the PNI shares on the TSX for the period ended May 2.

  • Walgreens’ April same-store sales up 7.6%

    Deerfield, Ill. -- Walgreen Co. said that its same-store sales rose 7.6% in April, boosted by Easter-driven growth in front-end sales.

    The company’s total sales rose 8.8% to $6.49 billion in the month of April, up from $5.96 billion in the same period of last year. Pharmacy sales accounted for 64.5% of total sales for April.

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