Finance & Capital Management

New York City -- Consumer confidence in February shot up from last month to the highest level since a year ago, according to The Conference Board. The group’s Consumer Confidence Index now stands at 70.8, up from a revised 61.5 in January, buoyed by consumers' more positive assessment of the job market.

Brentwood, Tenn. -- Tractor Supply Co. has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.

Salisbury, N.C. -- Bottom Dollar Food announced plans to open eight additional stores in New Jersey. The expansion will more than double the number of Bottom Dollar Food stores in the Garden State, with the first two stores opening March 2.

"We have been pleased with customer reaction to our current five stores in New Jersey and we are very excited to continue serving customers at our additional locations in the market," said Bottom Dollar Food president Meg Ham.

New York City -- The U.S. Bankruptcy Court in White Plains, N.Y., approved the Great Atlantic & Pacific Tea Co.’s plan to exit bankruptcy plan. The supermarket company filed Chapter 11 in December 2010.

The reorganization plan includes $490 million in debt and equity financing from Ron Burkle’s Yucaipa Cos.

North Bergen, N.J. -- Vitamin Shoppe reported Tuesday that net income for the fourth quarter surged 57% to $9.4 million from $6 million a year earlier, boosted by strong online results and an extra week in the fiscal calendar.

The vitamin retailer, which saw revenue climb 19% to $214.9 million in the quarter, said it is planning to open 52 new stores in 2012.

Boca Raton, Fla. -- Office Depot Inc. reported Monday that it swung to a profit of $12.3 million in the quarter ended Dec. 31, compared with a loss of $108.6 million in the year-ago period.

Revenue edged up to $2.97 billion in the quarter, from $2.96 billion last year, missing Wall Street’s expected break-even on $3 billion in sales. Same-store sales dropped 5%, due in large part to a move away from promotions to shore up profitability, said the company.

MOORESVILLE, N.C. — Lowe's rebranding efforts and focus on delivering a better customer experience seem to be paying off as the company ended the year with strong fourth-quarter sales and earnings.

The company reported net earnings of $322 million for the fourth quarter, a 13% increase over the same period a year ago. Diluted earnings per share increased 23.8% to 26 cents from 21 cents in the fourth quarter of 2010. 

NEW YORK — Former Walmart.com CEO, Raul Vazquez has joined the advisory board of OrderGroove, a subscription commerce program that helps brands identify and interact with their most valuable customers. 

PLEASANTON, Calif. — After stepping into the role on an interim basis, Safeway has named Brian Baer president of its Dominick's Finer Foods banner.

Baer, who has served as acting president of Dominick's since July 2011 after the exit of Don Keprta, has been part of Dominick's parent Safeway since 2001. Prior to his role as president, Baer served as Dominick's CFO and VP finance.

COLUMBUS, Ohio — Express has appointed Michael Keane to the position of EVP human resources.

Keane's extensive experience includes more than twenty years in a series of human resource leadership positions with Tween Brands, Limited Brands, Borden Foods and Whirlpool Corporation.  He most recently served as EVP human resources and stores for Tween Brands, a wholly owned subsidiary of Ascena Retail Group Inc.