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Finance & Capital Management

  • Black Friday and Cyber Monday: Don’t let the hyperbole get ahead of the facts

    By Cynthia Cohen, twitter.com/StrategyDiva

  • Developers Diversified announces six new locations for Five Below

    New York City -- Developers Diversified Corp. announced the introduction of six new locations for teen fave Five Below in 2010. The stores were opened in Ohio; New Jersey; North Carolina; and New York.

    Five Below currently operates over 100 discount stores across the country and intends to double its store count by the end of 2011 through a massive expansion spree.

  • Putting Workforce Management to Work

  • Kroger swings to profit in Q3

    Cincinnati -- Kroger Co. rang up better sales and returned to third-quarter profitability but the company warned that shoppers remain cautious.

    The Cincinnati-based grocer reported Thursday that net income was $202.2 million, compared with a loss of $875 million a year earlier.

    Revenue was up 5.9% to $18.7 billion.

  • Big Builders Dominant retailers continue to grow; portfolio optimization is new mantra

  • Charming Shoppes narrows Q3 loss

    Bensalem, Pa. -- Charming Shoppes reported a smaller loss for its third fiscal quarter on Wednesday, helped by lower operating expenses and competitive promotions that attracted customers. The chain posted a net loss of $18.8 million for the period ended Oct. 30, compared with a loss of $48.4 million, in the prior-year period.

    Revenue increased 1% to $463.6 million from $460.2 million, with online sales up 40%. Same-store sales rose 3%.
     

  • Starbucks’ growth plans include major international push

    New York City -- Starbucks Corp. is looking beyond its cafes for expansion in the future. Detailing its growth plans Wednesday at its investor conference, the chain announced it plans to triple the number of its cafes in China, offer more products in grocery stores and open new kinds of stores to build on its recent recovery.

  • Kohl's announces executive promotions

    Menomonee Falls, Wis. - Kohl's Corp. announced Tuesday that it is promoting four of its executives as part of an ongoing succession planning process.

    Don Brennan has been promoted from senior EVP to chief merchandising officer. John Worthington was promoted from senior executive VP to chief administrative officer. Peggy Eskenasi was promoted from executive VP of product development to senior EVP. And Wes McDonald was promoted from EVP and CFO to senior executive VP and CFO.

    All the promotions are effective Dec. 1.

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