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Finance & Capital Management

  • Finish Line profit, sales down in Q2

    Finish Line missed analysts expectations for its second quarter amid continued heavy promotion in the athletic footwear market.    The retailer reported net income of $2.8 million, or 7 cents per share, for the quarter ended Aug. 26, down from $22.1 million, or 53 cents a share, a year ago.  

  • Study: Fraud losses, management eat up more than one-fifth of retailer revenue

    Merchants’ fraud costs are a growing expense — and the pace shows no sign of slowing.   Fraud losses and management eat 8% of the average e-commerce retailer’s revenue, up from 7.6% in 2016, according to “2017 Financial Impact of Fraud Study: Exploring the Financial Impact of Fraud in a Digital World.” The report is from Vesta Corp. and Javelin Strategy & Research.  

  • Report: Aerosoles exec to lead Walmart's online fashion team

    Walmart has tapped a retail veteran to bolster its foothold in its growing online fashion category.   Denise Incandela was named Walmart’s senior VP, fashion, effective October 2, 2017. She will lead the fashion businesses for Walmart.com, Jet.com, and Shoes.com, according to Fashion Network. In her new role, she will report to Walmart’s chief revenue officer Scott Hilton, the report said.  

  • Teen apparel retailer emerges from Chapter 11

    Rue21 is looking towards the future.    The retailer announced Friday that it has completed its financial restructuring and has emerged from bankruptcy. The chain filed for Chapter 11 bankruptcy protection in May 2017, listing $307 million in pre-petition assets. It filed a month after it said it would close 400 stores.   "We are pleased to be moving forward with rue21's next chapter of growth as a highly performing and distinctive retailer," said Melanie Cox, CEO of rue21.

  • Home furnishings giant expanding out West

    Ikea is looking to expand its presence in Arizona.    The home furnishings retailer plans to open a store in Glendale, Arizona. It would be the company's second location in the state.  

  • How retailers can recoup funds with CAM Audits

    The continued popularity and development of town centers and lifestyle centers have made it clear that retailers can no longer go it alone. They must co-exist in a symbiotic live-work-play environment, and that means they must also co-exist with the different demands and cost structures of residential and office spaces.  

  • Food and bed highlight OKC center’s expansion

    Three restaurants and a hotel claimed four of the seven new out-parcels The Market at Czech Hall in Oklahoma City.   Developer GBT Realty announced that Hooters, Arby’s, Cheddar’s Scratch Kitchen, and Sleep Inn have signed leases at the 160,000-sq.-ft. “regional neighborhood center” on Interstate 40.  

  • Tiffany & Co. names veteran retailer as chairman

    Tiffany & Co. has named Roger Farah as chairman, effective Oct. 2.    Farah, 64, joined Tiffany’s board in March 2017. He succeeds Michael J. Kowalski, who has served as chairman since 2002.   Kowalski, who served as CEO of Tiffany from 1999 until his retirement in March 2015, has been acting as interim CEO since February 2017. He will relinquish that title when the company’s newly appointed CEO, Alessandro Bogliolo, takes the reins in October.  

  • Amazon to embark on Big Apple hiring spree

    Amazon is about to put down some new roots in New York City — and is hunting for new employees to support the operation.  

  • When malls were the disruptors of retail

    To work in retail is to accept the inevitability of déjà vu. But what returns is often never quite the same, as can be seen in the current struggle by many shopping malls to generate enough traffic to remain viable. Let me take you back to the days of my initiation to retail in New Orleans (site of next week’s National Retail Tenants Association conference), when malls began rising in former fields and woodlands and store owners in all regions struggled to manage the change.  
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