Finance & Capital Management

BOUCHERVILLE, Quebec — Canadian hardware retailer, Rona, has named Robert Sawyer president and CEO, effective in April 2013.

Sawyer has more than 30 years of experience in a major Canadian food company and specializes in retail operations and distribution to dealers operating under different banners. Under his prior employer he held various executive positions and helped improve the profitability in several different areas. 

PARK CITY, Utah — Skullcandy has appointed Hoby Darling as president and CEO effective immediately.

Dallas -- The 49th annual SPECS conference officially kicked off on Monday morning at the Hilton Anatole in Dallas with two kinds of inspiration: Greg Buzek, present of IHL Consulting Group, introduced the Retail Orphan Initiative, and U.S. Navy Seal Scott Taylor presented Afterburner Black Ops, challenging the audience of retailers in design, construction, facilities, store planning and development to use Seal techniques to run their organizations.

ISSAQUAH, Wash. — Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to a regional news reports.

According to the Seattle Daily Journal of Commerce, Issaquah's director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million square feet.

 The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.

ATLANTA — Innotrac Corp., a best-of-breed commerce provider integrating digital technology, fulfillment, and contact center solutions to support global brands, has announced the appointment of Steve Keaveney as its new CFO.

Keaveney brings to Innotrac more than 25 years of experience in finance, accounting and operations for both publicly and privately held companies.  He has extensive experience in financial leadership, revenue growth, analysis and budgeting.

Charlotte, N.C. — Harris Teeter Together in Education (TIE) on Monday donated more than $385,000 to participating TIE schools during the second of three payouts of the 2012/2013 school year, raising the program total to $18.7 million since 1998.

ServiceSource, a provider of recurring revenue management, has announced that Robert Ashe, a proven industry software CEO at Cognos and former IBM executive, has joined its board of directors. Ashe’s appointment adds key talent to continue building leading edge functionality into Renew OnDemand, the world's only cloud application designed to increase recurring revenue, and to rapidly deploy customers on this new SaaS platform.

CANTON, Mass. — Net income at Destination XL Group, formerly Casual Male, dropped to $4.2 million from $33.5 million for the fourth quarter in the year-ago period.

Fourth-quarter revenue increased to $114.9 million, compared with $111.1 million last year, and same-store sales edged up 0.5%. By brand, DXL stores saw a same-store sales rise of 15% in the quarter, while Casual Male dipped 2.3%.