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Finance & Capital Management

  • Corner Bakery names new president to lead expansion

    Dallas -- Corner Bakery Café said Wednesday it has named Gary Price as president of the chain.

  • 3M realigns business structure

    3M has announced a realignment of its major business groups to better serve global markets and customers, effective immediately.

    The new structure will be comprised of five business groups: Consumer (2011 sales of $4.2 billion), Industrial ($9.6 billion), Health Care ($5.0 billion) and two newly formed business groups: Safety & Graphics ($5.5 billion), and Electronics & Energy ($5.7 billion). Previously, the company operated six segments.

  • Walgreens September sales down 7.8%

    DEERFIELD, Ill. — Walgreens on Wednesday posted a 7.8% decline in its September sales to nearly $5.5 billion, compared with $5.9 billion for the same month in fiscal 2012.

  • Bon-Ton to close Elder-Beerman location in Springfield, Ohio

    York, Pa. -- The Bon-Ton Stores said Wednesday it will close its Elder-Beerman store in Springfield, Ohio. The company will not renew the lease, which terminates January 31, 2013.
     
    Bon-Ton acquired the leasehold interests in the Springfield store as part of the Elder-Beerman acquisition in 2003.

     

  • Running Specialty Group acquires Run On!

    Denver -- Regional chain The Running Specialty Group announced Wednesday it has acquired five Dallas-based Run On! stores, bring the total number of stores to 24.

    RSG is a joint venture between The Finish Line and private-equity firm Gart Capital Partners.

    Plans call for RSG to begin expanding in Texas and surrounding areas over the next five years.

     

  • NRF: Holiday 2012 sales forecast to rise 4.1%, down from last year’s growth

    Washington, D.C. -- The National Retail Federation released its 2012 holiday forecast on Tuesday, which shows sales increasing 4.1% to $586.1 billion, down from last year’s 5.6% growth.

    However, the NRF’s 2012 estimate tops the 10-year holiday sales growth average of 3.5%.

  • Walmart launches prepaid card reload program

    Bentonville, Ark. -- Wal-Mart Stores said Tuesday that it is launching a new service called Rapid Reload, which allows customers to load money onto prepaid cards.

    The service is affiliated with Green Dot Network, InComm's Vanilla Reload Network and First Data's Money Network.

    For a fee of $3.74, the program allows customers, effective immediately, to add money to their card at a store register.

  • NRF: Holiday 2012 sales forecast to rise 4.1%

    WASHINGTON — The National Retail Federation released its 2012 holiday forecast on Tuesday, which shows sales increasing 4.1% to $586.1 billion, down from last year's 5.6% growth.

    However, the NRF's 2012 estimate tops the 10-year holiday sales growth average of 3.5%.

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