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Finance & Capital Management

  • AisleBuyer names new VPs

    BOSTON -- Mobile checkout solutions provider AisleBuyer has added two new VPs to its executive team.

    Paul Harsha, VP engineering, and Scott Almeida, CPA, VP finance and administration, are the newest additions to AisleBuyer.

  • J.Jill teams with Alliance Data for private label credit-card services

    Dallas -- Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich data, said Tuesday it has signed a new, long-term agreement to provide private label credit-card services to women’s apparel retailer J.Jill.

  • Chico's names exec VP/COO

    Fort Myers, Fla. -- Chico's FAS announced Tuesday that it has appointed Kent A. Kleeberger to the position of executive VP, COO. 

    Kleeberger will replace Jeffrey A. Jones, who is retiring from the company effective March 7. Jones will serve as part-time consultant to the company during a transition period.

    Kleeberger, 58, has served as executive VP-finance and CFO of Chico's FAS since joining the company in November 2007. Previously, he was senior VP and CFO for Dollar Tree Stores.

  • Zale appoints David F. Dyer to board

    Dallas -- Zale Corp. said Tuesday that it has appointed David F. Dyer, chairman, president and CEO of Chico’s FAS, to its board of directors, effective immediately.

    The company also announced the resignation from the board of Charles M. Sonsteby, who had served since November 2006.

  • Wal-Mart's Q4 profit surges 27% on international gains; U.S. sales still lag

    Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that earnings for the quarter ended Jan. 31 jumped 27% as its international stores posted strong results. In the United States, however, the retailer posted its seventh straight quarterly sales decline, falling short of its own projections for the holiday period.

  • Macy's Q4 profit rises 50% on strong holiday selling season

    Cincinnati -- Macy’s reported Tuesday that net income jumped 50% in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations.

    After a strong holiday season, the retailer earned $667 million in the fourth quarter, compared with $445 million in the year-ago period.

    Revenue rose 5% to $8.27 billion, just missing analysts’ average forecast for $8.28 billion. Same-store sales increased 4.3%.

  • Home Depot earnings soar 72% in Q4

    Atlanta -- Home Depot reported Tuesday that profit for the quarter ended Jan. 30 surged 72% to $587 million, compared with $342 million a year earlier, and and the home-improvement chain provided 2011 guidance at or above the views it gave in December. Results were helped by a strong showing in the United States.

    Revenue increased 3.8% to $15.12 billion, beating Wall Street expectations of $14.81 billion. Same-store sales rose 3.9% and were up 4.8% in the United States.

  • Barnes & Noble profit drops 25% in Q3

    New York City -- Barnes & Noble reported Tuesday that net income for the quarter ended Jan. 29 decreased 24.7% to $60.6 million, from $80.4 million a year earlier. Although the chain returned to profitability after three straight quarters in the red, its increase in revenue was lower than expected.

    Overall sales were up 6.9% to $2.3 billion. Same-store sales at its namesake stores rose 7.3%; same-store sales at its college bookstore chain dropped 2.2%.

  • Save-A-Lot to open five Chicagoland stores

    St. Louis -- Discount grocer Save-A-Lot said Monday it will open five new stores in Chicago’s South Side neighborhoods, nearly doubling its store counts in the area.

    The subsidiary of Supervalu said the new stores will open on Feb. 24. The additions will give Save-A-Lot 13 Chicagoland stores. The grocer said it expects to open five more locations in the greater Chicago area by February 2012.

  • Cityline Partners plans 40-acre Tysons Corner transformation

    McLean, Va. -- McLean, Va.-based Cityline Partners said Monday it has introduced a plan for the long-term transformation of about 40 acres of land in Tysons Corner, Va., into an integrated mix of office, residential, hotel, retail, and civic uses surrounding an improved Scotts Run Stream Valley Park.

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