Skip to main content

Finance & Capital Management

  • Harris Teeter confirms reports of possible sale

    MATTHEWS, N.C. — Harris Teeter on Wednesday confirmed an earlier Wall Street Journal report that the grocer was in the process of exploring strategic options. 

  • Guns, ammo drive Cabela’s 12% Q4 comp

    Strong sales of guns at ammunition at Cabela’s contributed to a 12% same store sales increased and enabled the company to report record sales and profits for the fourth quarter and full year.

  • Whole Foods Q1 profit jumps 24%

    Austin, Texas -- Whole Foods Market Inc. reported that its first-quarter net income rose 24% to $146 million, exceeding expectations, on stronger revenue. But the grocer narrowed its revenue forecast and said its earnings growth may slow through the remainder of the year amid higher store-opening costs and plans to increase its selection of lower-priced products.

    Total sales increased nearly 14% to $3.86 billion for the 16-week period that ended Jan. 20. Same-store sales were up 7.2% for the quarter.

  • Coach CEO to step down in 2014; to be succeeded by head of international ops

    New York -- Coach Inc. said that its longtime CEO, Lew Frankfort, will step down in January 2014. He will be succeeded by Victor Luis, head of Coach’s international operations, at which point Frankfort will become executive chairman. Coach named Luis president and chief commercial officer in the interim and said he will also join the board.
     

  • Retailers back Marketplace Fairness Act

  • CEA praises efforts to ensure tax fairness

    ARLINGTON, Va. — The Consumer Electronics Association has issued praise for the U.S. Congress for introducing legislation to establish sales tax fairness.

  • NRF: Retail sales up slightly in January

    WASHINGTON -- Retail sales ticked up in January as consumers adjusted their spending in response to the increase in payroll taxes and rise in gasoline and energy prices. According to the National Retail Federation, January retail sales (excluding automobiles, gas stations and restaurants) increased 0.3% seasonally adjusted from December and increased 5.4% unadjusted year-over-year.

  • Coach international head named chief commercial officer

    NEW YORK — Coach announced that Victor Luis has been appointed president and chief commercial officer. Concurrently, he has joined the board of directors. He will become CEO in January 2014. Lew Frankfort will continue as chairman and CE during this interim period and will then become executive chairman.

X
This ad will auto-close in 10 seconds