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Finance & Capital Management

  • Former Mattel exec to elevate Ergobaby marketing

    LOS ANGELES — Ergobaby has named former VP of digital at Mattel and group strategy director at the DuMont Project, Cynthia Neiman, as the company’s CMO.

    Neiman has more than 20 years of experience developing multichannel marketing strategies for both global corporations and internet startups. In addition to developing digital strategies for leading brands and retailers at digital consultancy the DuMont Project, Neiman also boasts deep experience in many consumer products categories including infant, pre-school, digital games and pets. 

  • AT&T Announces 200-plus retail jobs in South Florida

    Miami — AT&T is looking to fill nearly 235 retail openings in South Florida before the end of October.

    More than half of the openings are newly created jobs for retail sales consultants and retail sales managers from Key West to Vero Beach. More than 40 of the new positions will staff two new AT&T www.att.com stores slated to open in Miami this October.

     

  • McDonald’s reports small Q2 gains

    Oak Brook, Ill. -- McDonald’s Corporation reported modest global gains in net income, revenues and same-store sales during the second quarter of fiscal 2013. Both its profit and revenue trailed analysts’ estimates.

  • Spartan Stores and Nash Finch Co. to merge

    Grand Rapids, Mich. -- Spartan Stores and Nash Finch Company on Monday announced that they have entered into a definitive merger agreement under which Spartan Stores and Nash Finch will combine in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company.

    Nash Finch, which had revenues of about $4.8 billion last year, will become a subsidiary of Spartan Stores, which had revenues of $2.6 billion.

  • RetailMeNot’s IPO received favorably by financial markets

    Digital coupons could be poised for greater growth judging from the warm reception industry leader RetailMeNot got when it offered shares to the public last week.

    Shares of RetailMeNot surged 30% in the first hours of trading to more than $27 per share, representing a market cap of more than $1.3 billion, according to Norwest Venture Partners, a multi-stage investment firm which has a 20.5% stake in the company.

  • GNC expands footprint in China

    PITTSBURGH — GNC is no stranger to China, with more than 60 store-within-a-store locations in eight different major grocery, convenience and health and wellness chains in China. But two years after entering the market, the retailer is opening its first stand-alone location in Shanghai.

    GNC plans on opening an additional 25 locations in China within the next 12 months.

  • Art Van Furniture Debuts in Chicagoland

    Warren, Mich. — Michigan-based Art Van Furniture opened its first out-of-state retail store in Orland Park, Ill., last week with a Motown-themed grand opening celebration.

    The new 47,000-sq.-ft. location heralds the opening of five more Art Van stores in the Chicago region in coming months. Locations include Ford City-Chicago, Batavia, Elston Avenue-Chicago and Merrillville-Hobart, Indiana. The new stores will add 600 new jobs to the region.

  • Johnny Rockets names Campanaro CFO

    Aliso Viejo, Calif. – Johnny Rockets has named Gary Campanaro as CFO. Campanaro previously served as CFO for the El Pollo Loco and Claim Jumper restaurant chains and has also held executive roles at Keith Companies, CB Richard Ellis and CKE Restaurants.

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