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Finance & Capital Management

  • Online retailers fight state sales tax directive

    Out-of-state Web-based retailers are taking a stand against paying sales tax in the state of Massachusetts.   According to a directive from the Department of Revenue, any online retailer vendor headquartered outside of the state is required to register, collect and remit sales tax. In Massachusetts, this is 6.25%. The directive applies to companies that sold more than $500,000 annually in the state and made sales for in-state delivery in 100 or more transactions.  

  • Children's clothing retailer files for bankruptcy; store closings loom

    Gymboree has filed for Chapter 11 bankruptcy protection.    The retailer announced the filing, which had been expected, on Monday morning. The chain said it has partnered with AlixPartners to assist with turnaround efforts.   

  • Online jeweler snags former Target exec as CEO

    Blue Nile has a new chief executive.   Jason Goldberger was named the online retailer’s new president and CEO. He will replace Harvey Kanter, who will remain on the company’s board as chairman.  

  • Canadian REIT buys five grocery-anchored centers

    The Toronto-based Slate Retail REIT announced it has entered into an agreement to acquire five grocery-anchored centers in Florida and Pennsylvania for a total of $105 million.   “This five-asset portfolio meets all of our acquisition criteria -- attractive returns, markets we like that add scale, pricing well below replacement cost, strong anchors, and in-place rents that are below market,” said Slate CEO Greg Stevenson.  

  • Aldi accelerates store expansion as supermarket wars heat up

    A German discount grocer has set its sights on becoming the third-largest American food retailer by store count, behind Walmart and Kroger.   

  • Mills Fleet Farm names new CEO

    Mills Fleet Farm has ended its hunt for a CEO.   The Midwest retailer announced the appointment of Derick Prelle as president and CEO succeeding Wayne Sales, who has been serving as interim chief since January 2017. Sales was given the position following the departure of Duncan MacNaugton, who left to become president and COO of Family Dollar.   

  • Update on Walgreens-Rite Aid merger

    There's been another development in the planned Walgreens Boot Alliance and Rite Aid merger.  

  • Robots & Retail: Going beyond the supply chain

    Retail has historically been one of the most technically advanced industries, particularly in warehouses and the last mile. The industry is no stranger to automation as fast and efficient supply chains are the foundation of a strong retail operation in a competitive environment. Over the past few decades, increasing automation at the supply chain level has directly impacted both revenue and the bottom line.   

  • Kantar Retail: Lidl to generate nearly $700 million in sales by the end of 2018

    Lidl makes its long-awaited U.S. debut on June 15, opening the first three of 20 stores it plans to open this summer across Virginia, North Carolina and South Carolina. Mike Paglia, retail director of Kantan Retail, offers the following insights on the grocer's prospects in the United States:   

  • Dollar Tree makes exec promotion

    Dollar Tree has promoted a key executive as the discounter continues its rapid expansion.   The retailer, which plans to open 650 stores in 2017, has promoted Michael A. Witynski to president and COO of its Dollar Tree division. Witynski will be responsible for merchandising, marketing and store operations for Dollar Tree stores in the United States.    
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