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Finance & Capital Management

  • Dunkin' Donuts to open seven restaurants in northern Utah

    Canton, Mass. -- Dunkin' Donuts said Monday it has signed a multi-unit store development agreement with existing franchisee Sizzling Donuts to open seven new restaurants in northern Utah.

    The first restaurant is slated to open in 2013, with the remainder by 2020.

  • Shoe Carnival Q4 profit slips; on track to open 30 stores in 2013

    Evansville, Ind. -- Shoe Carnival reported Monday that net earnings for the quarter ended Jan. 28 slipped to $3.2 million, compared with $3.3 million in the year-ago period.

    Revenue rose 13.1% to $205.7 million from $181.9 million, and same-store sales edged up 0.5%.

    For the full year, profit rose to $29.3 million from $26.4 million, sales increased 12.1% to $855 million, and same-store sales advanced 4.5%.

  • Walmart rolls back fuel prices

    BENTONVILLE, Ark. — Walmart has brought back its Great Gas Rollback program, helping customers save on their fuel purchases. Walmart customers using a Walmart gift card will receive a 10 cent per gallon discount; customers who use a Walmart MoneyCardor Walmart Credit Card will save 15 cents per gallon on their fuel purchase.

    Gas will be discounted at more than 1,000 Murphy USA and Walmart gas stations located at Walmart stores in 21 participating states.

  • Ace Hardware names new chief

    Oak Brook, Ill. -- Ace Hardware Corp. announced that John Venhuizen has been named president and CEO of the hardware cooperative. The appointment is part of a strategic leadership transition that was announced last fall.

    In September, Venhuizen was named president and COO of Ace Hardware, while Ace’s outgoing leader Ray Griffith maintained the title of CEO.

    Venhuizen is a 20+-year veteran of Ace Hardware, having served in a variety of capacities.

     

  • Sales VP named at Ebay e-commerce platform

    CULVER CITY, Calif. — Glenn Hasen has joined Magento, the leading e-commerce platform part of the X.commerce division of Ebay, as VP global sales and channels. In his new role, Glenn will manage day-to-day operations of the sales organization and oversee merchant adoption, successful customer onboarding and retention of the Magento platform.

  • Aaron's plans 125 stores and 750 retail jobs for 2013

    Atlanta -- Rental chain Aaron's announced at its 2013 National Managers Meeting in Nashville that the company plans to open 125 stores in 2013 and hire 750 new employees.

    Aarons added 950 new jobs across the U.S. and Canada last year.

  • Leslie's Swimming Pool to open 48 stores this spring

    Phoenix -- Leslie’s Poolmart said Monday it will grand-open 15 Leslie’s Swimming Pool Supplies stores across 10 states on April 5, as part of the company’s plan to open 48 new stores this spring.

    The new stores opening on April 5 include: Tucson, Ariz.; Pleasanton, Calif.; Rohnert Park, Calif.; Cockeysville, Md.; Gastonia, N.C.; Las Vegas; New Hyde Park, N.Y.; West Chester, Ohio; Spartanburg, S.C.; Harlingen, Texas; Lake Jackson, Texas; Sherman, Texas; Wylie, Texas; Manassas, Va.; and Virginia Beach.

     

  • Sears Hometown names former RadioShack chief to board

    Hoffman Estates, Ill. -- Sears Hometown and Outlet Stores said Thursday it has elected James F. Gooch to its board of directors and as chair of the audit committee.

    Gooch had served as president and CEO, as well as CFO, of RadioShack Corp.
     

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