Finance & Capital Management

ROANOKE, Va. — Advance Auto Parts saw its second-quarter earnings per share jump 26% to $1.46 from $1.16 for the same period last year, as the company looks to further invest in commercial, e-commerce and DIY businesses.

St. Johns, Fla. -- A week after opening a remodeled store in Apopka, Fla., Winn-Dixie has opened another reformatted store in St. Johns, making it the company's first overhauled location in the North Florida area.

The renovated Winn-Dixie features an expanded grocery department, as well as a deli serving restaurant-quality entrees and side dishes, the retailer said.

Wayne, N.J. -- Toys “R” Us said Thursday it has completed a 5.38 megawatt rooftop solar power system at the company’s largest distribution center in Flanders, N.J.

The solar roof is estimated to offset 72% of the electrical needs for the Toys “R” Us facility, making it the largest operational rooftop solar installation in North America.

MEMPHIS, Tenn. — Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

The store is located in Memphis, Tenn., and features a green building design and a spacious layout for an optimal shopping experience, the company reported. 

To commemorate the opening of its 7,000th store in Memphis, Family Dollar completed the celebration with the $7,000 donation to the Mid-South Food Bank, along with cans of food donated by members of the local community. 

MENOMONEE FALLS, Wis. — Strong private brand performance and smarter expense management helped Kohl's deliver a hefty earnings increase and respectable sales growth for its second quarter.

The company reported second quarter diluted earnings per share increased 30% to $1.09. Net income for the quarter was $303 million, compared with $260 million (84 cents per diluted share) a year ago. Net sales were $4.2 billion, an increase of 3.6% over the comparable prior year quarter. Comparable-store sales for the quarter increased 1.9%.

By William F. Hauswirth, president of IntelliCorp

You review the resume, conduct the interview, pick the perfect candidate, and make a job offer. Now you have the person start immediately, right? Wrong. What you don’t know about a job applicant can hurt you. It’s not good business practice to hire just anyone who walks through your door. You need to know who they are, and their history. Don’t be a victim of deceit by simply looking at a resume or take someone’s word that they are honest and qualified.

MENOMONEE FALLS, Wis. — Kohl's announced that its board of directors has elected John Schlifske as a new board member, effective immediately. He has been elected to a term expiring at Kohl's 2012 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time. He will initially serve on the board of directors' governance and nominating committee.

Satellite Beach, Fla. -- General Nutrition Centers has installed high performance, energy efficient LED bulbs from Lighting Science Group bulbs at select corporate-owned locations.

The Energy Star-approved LEDs are 80% more efficient than the halogen bulbs they replaced, are fully dimmable and have about 50% light output than competing products, according to the company.