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Finance & Capital Management

  • Accenture: Retailers are scaling back global expansion

    NEW YORK — The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture. 

  • Workers worry about pay

    New York -- Employees show increased levels of anxiety about their income, benefits and security, according to a new poll from Harris Interactive. Aggregated concern about these three issues rose from 56% in March to 57% in April.

  • Former Dollar General exec joins Pantry board

    CARY, N.C. — The Pantry, a leading independently operated convenience store chain in the southeastern U.S., has appointed former Dollar General executive Kathleen Guion to its board of directors.

  • Dick’s Sporting Goods names new CFO

    Pittsburgh -- Dick’s Sporting Goods has named Andre J. Hawaux as executive VP of finance and administration and CFO. He will oversee finance, legal, strategic planning and risk and compliance.

    Hawaux has more than 30 years of experience as a retail/CPG executive, most recently as president of consumer foods at ConAgra Foods. He has also served in different executive roles in several divisions of PepsiCo.

     

  • Build-A-Bear-Workshop solid in Q1

    ST. LOUIS — Build-A-Bear Workshop reported increased net income and sales the first quarter of 2013 compared to the same quarter a year earlier, despite closing some stores. The retailer’s adjusted net income rose to $2.3 million, compared to an adjusted net loss of $500,000 in the first quarter of last year.

    Consolidated net retail sales were $102.9 million with 24 fewer stores compared to $95.2 million in the first quarter of 2012, an increase of 8% excluding the impact of foreign exchange. Consolidated same-store sales increased 10.4%.

  • Rite Aid same store sales dip

    Camp Hill, Pa. -- Rite Aid reported a 4% drop in same store sales for the four weeks ending April 27, 2013 compared to the same period a year earlier. The drugstore chain blamed part of the drop on the negative impact of an early Easter this year on front-end sales.

    Same store sales also declined 3% for the eight-week period ending April 27, 2013 compared to the same eight weeks in 2012.

     

  • Starbucks beefs up leadership team

    Starbucks chairman, president and CEO Howard Schultz announced changes to the company’s senior leadership team, aimed to further accelerate the company’s global growth plans.

  • Von Maur's March

    Von Maur got its start like many of its department store peers: An immigrant with an American dream opened a downtown store, customers came, they shopped, the brand took hold and took off.

    In the case of the midwestern upscale department store banner Von Maur, the dreamer was German immigrant J.H.C. Petersen, who opened a downtown storefront in Davenport, Iowa, in 1872. He and his sons grew the business and sold it nearly a half-century later to a partnership that included two Austrian brothers -- C.J. and Cable von Maur, whose family gained full ownership by 1937.

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