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Finance & Capital Management

  • Pepsico taps Washington insider for public policy job

    Alan Hoffman, former deputy chief of staff to Vice President Joe Biden, is the new SVP of global public policy and government affairs at PepsiCo.

  • NRF urges Washington to fix fiscal cliff before Black Friday

    Washington, D.C. -- The National Retail Federation on Wednesday urged President Obama and Congress to come up with a plan to avoid the “fiscal cliff” by Thanksgiving, saying uncertainty over the pending combination of tax hikes and spending cuts threatens consumer confidence during the holiday shopping season that begins on Black Friday.

  • LogicSource names new top sales exec

    Jonathan Dall has joined sourcing solutions firm LogicSource as chief sales officer, a new position for the Norwalk, CT., based company owned by Bain Capital.

  • Staples swings to loss in Q3, beats estimates

    Framingham, Mass. -- Staples Inc. reported Wednesday a loss of $596.3 million for the third quarter, compared with a profit of $326.4 million a year earlier. Without restructuring costs, the office supply retailer generated a profit that just edged Wall Street expectations.

    Sales for the quarter dropped 2% to $6.35 billion, missing analysts’ expected $6.45 billion in sales.

  • How to Build Better Franchisee/Franchiser Relationships, and Better Buildings

  • Saks reports double-digit Q3 profit growth, beats Street

    New York -- Saks Inc. reported Tuesday that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year. Results surpassed analysts’ expectations.
     
    Revenue edged up 3% to $713.2 million, widely missing Wall Street’s expected $762.6 million in revenue. Same-store sales rose 3.3%.

  • Home Depot Q3 profit tops estimates

    Atlanta -- An improved housing market boosted Home Depot in its latest quarter, as the home-improvement retailer reported Tuesday that net income for the third quarter rose to $947 million from $934 million in the year-ago period.

    Revenue climbed 4% to $18.13 billion, edging Wall Street’s estimated $17.92 billion in revenue. Same-store sales rose 4.3% in the U.S. and 4.2% overall.

  • Dick's Sporting Goods profit jumps 21% in Q3

    Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance.

    Revenue rose 11% to $1.31 billion, just edging Wall Street’s expected $1.3 billion, and same-store sales rose 5.1%. Online sales soared 46.7%

     

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