Finance & Capital Management

Westbrook, Maine -- Olympia Sports announced it has recently surpassed its 200th location and has begun a march south and west from its home state of Maine.

The company plans to open 25 stores during its current fiscal year, including its first store in West Virginia and others in states south of New York. A similar pace of expansion is expected for the following fiscal year beginning in October, said Olympia.

North Plainfield, N.J. -- Business appears to be improving, according to a survey by Levin Management Corp. The firm conducted the study among its retail tenants in 90 properties.

The mid-year survey, which polled 250 retailers, indicated positive changes year-over-year. At mid-year 2012, 64.2% of respondents reported the same or higher sales volume compared with this time last year; 35.7% reported lower sales. At mid-year 2011, 50.1% of respondents reported the same or higher sales; 49.8% reported lower sales.

Neill Davis has resigned as CFO at Men’s Wearhouse.

The specialty retailer announced the departure of Davis and indicated he had accepted the position of president at women’s specialty retailer Francesca’s Holding where he has served as a director for the past five years.

Davis’ last day with Men’s Wearhouse will be Aug. 2, according to the company.

Phoenix -- PetSmart said Tuesday it has named Paulette Dodson to the position of senior VP, general counsel and secretary.
 
Dodson was previously senior VP, general counsel and corporate secretary at Sara Lee Corp. Before joining Sara Lee, she spent 14 years at the Tribune Co. – which owns The Chicago Tribune and The Los Angeles Times – most recently as assistant general counsel for publishing.



 

Throughout the retail industry and beyond, Walmart has earned a reputation as a leader in executing sustainable improvements that deliver positive results for consumers, communities and the company’s bottom line. Andrea Thomas, who joined Walmart in 2007, was appointed the company’s first senior VP sustainability in August 2010. Thomas talked with Chain Store Age contributing editor Connie Gentry about what sustainability means at Walmart and how the company leverages its scale to make the biggest possible impact for global good.

Walmart observed its 50th anniversary in fine fashion this week as its share price hit an all-time high, even as the company faced familiar charges from vocal critics.

Walmart shares closed Tuesday at an all time high of $70.75, nearly 18% above the $59.97 level where they began the year and more than 46% above the 52-week low price of $48.31 seen late last summer. The move is nothing short of remarkable considering an investment in Walmart was dead money for the past dozen years as shares traded for a little more than $69 back in December 1999.

New York -- Disney Store was honored as Innovator of the Year at the 2012 Oracle Retail Excellence Awards. The awards were announced at the annual Oracle Retail CrossTalk event, held June 26-28, at Swissôtel, Chicago.

Other Oracle award recipients included Urban Outfitters, in the category of “Outstanding Achievement in Customer Experience,” and Abercrombie & Fitch, in the category of “Outstanding Achievement in Business Performance.”

DALLAS — Steven Becker and Richard Willis are the newest members of the Tuesday Morning board of directors with two more directors expected to be named in the coming months.