Finance & Capital Management

New York -- A Thursday report by the Financial Times said that Wal-Mart Stores Inc. is in discussions with Turkish retailer Migros Ticaret AS to acquire an 80% stake in the company from London-based private equity group BC Partners.

The Times said that Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer. Sources have not been identified and Wal-Mart so far has not commented.

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Wednesday net income for the third quarter of $1.7 million, compared with a loss of $4.8 million in the year-ago period.

Revenue rose 22% to $284.2 million and same-store sales surged 29%.

The home furnishings retailer went public in November.

Growth in sales and membership income at Costco helped the company produce earnings per share of 95 cents and beat analysts’ estimates by two cents.

NORWALK, Conn. — LogicSource, a sourcing solutions firm owned by Bain Capital, has appointed Sam Vail to the newly created GM spot for its OneMarket technology division. Vail will be responsible for driving OneMarket’s “Concept-to-Customer” solutions strategy, product marketing and business development.

JACKSONVILLE, Fla. — Department store retailer Stein Mart remains in non-compliance with NASDAQ listing requirements for failing to file its most recent quarterly report, but the company appears to be doing fine otherwise.

BOSTON, Mass. — Former president and CEO of Vibram USA Tony Post has launched Topo Athletic, a new company and brand of athletic gear created by and for athletes that conforms to the human body.

Based in Newton, Mass., Post has launched the new company with $5 million in series A funding from Norwest Venture Partners, a multi-stage investment firm based in Silicon Valley.

In 2006, Post launched the Vibram FiveFingers brand in the United States, which catapulted Vibram USA and minimalist footwear into the limelight.

New York -- In a Tuesday night address at the Council on Foreign Relations in New York City, Wal-Mart Stores Inc. president and CEO Mike Duke didn’t shy away from discussing the fiscal cliff, saying that the current debate is having a negative impact on consumer spending.

Purchase, N.Y. -- A SpendingPulse report released Wednesday by MasterCard Advisors in partnership with Wells Fargo found that spending at small retailers in November picked up a percentage point since October, showing a 5.2% year over year improvement.

This was enough to put its growth rate from October to November at 0.7%, more than the growth rate of total U.S. retail sales.

New York -- The Jones Group Inc. announced Wednesday it has promoted Aida Tejero-DeColli to the newly created position of chief people officer, effective immediately.

Tejero-DeColli will continue to lead all efforts supporting human resources activities at Jones, including talent acquisition and management, training and development, and associate compensation, benefit and recognition programs.

Tejero-DeColli began her career with Jones Group in 1994 as director of human resources and most recently served as EVP human resources.  

Nanuet, N.Y. -- Brixmor Property Group said that Dress Barn will open a 7,572-sq.-ft. store at Rockland Plaza, located in Nanuet, N.Y.

Brixmor, based in New York City, is the owner of Rockland Plaza.