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Finance & Capital Management

  • McDonald’s plans Vietnam expansion

    Oak Brook, Ill. – McDonald’s has signed a contract with Vietnamese businessman Henry Nguyen to serve as a developmental licensee for the company in Vietnam.

    Nguyen, founder of Good Day Hospitality and managing partner of IDG Ventures Vietnam as well as a former part-time McDonald’s store employee in the U.S., is expected to open Vietnam’s first McDonald’s restaurant in Ho Chi Min City in early 2014.

  • Kellwood Brands reshuffles executive team

    NEW YORK — Kellwood Company, a leading apparel manufacturer and marketer, has appointed Lynn Shanahan to the newly created role of CEO of Kellwood Brands. 

  • Gap same-store sales beat expectations

    San Francisco – Gap Inc. substantially improved upon its June 2012 same-store sales performance and beat analyst expectation with a 7% increase in same-store sales last month. In comparison, the retailer’s same-store sales were flat in June of last year and were only expected to rise 4.7% in June of this year, according to estimates from Retail Metrics.

    Sales at Gap’s Old Navy helped drive the overall increase. Same-store sales at Old Navy rose 13% in June as a result of seasonal summer promotions.

     

  • Generating Revenues Through Electricity Contracts

    By Victor Wulc, [email protected]

  • Cold weather chills Coca-Cola’s Q2

    ATLANTA — Coca-Cola says slow economies in Europe, Asia and Latin America and cold weather conditions across multiple regions affected consumer spending as well as its overall nonalcoholic ready-to-drink beverage performance. 

  • Big Lots searches for new head merchant

    COLUMBUS, Ohio — Big Lots EVP and CMO John C. Martin has announced his plans to retire. He will remain with the company until his successor is appointed, and has committed to provide guidance to his successor and the company through May 2014.  

    Big Lots has retained SpencerStuart to conduct a search of external potential candidates.

  • Delia's beefs up merchandizing team amid slumping May/June sales

    NEW YORK — Multichannel retailer Delia's, which primarily markets its brand to teenage girls, has appointed Whitney Randall as the company's VP and general merchandise manager, following the company's May/June financial results.

  • Togo’s grows into Utah with six new restaurants

    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.

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