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Finance & Capital Management

  • Athletic footwear retailer adopts poison pill; lowers guidance

    The Finish Line's board on Monday adopted a shareholders right plan as the retailer warned of a grim second quarter and a steep decline in sales and profits for the year.    

  • Planalytics issues initial estimate on lost retail sales due to Hurricane Harvey

    Hurricane Harvey, the first Category 4 Hurricane to make U.S. landfall since Charley in 2004, is poised to have the same, if not larger, economic impact.  

  • Ulta Beauty beats Street; on track to open 100 stores in 2017

    Ulta Beauty turned in another winning quarterly performance, besting analysts' earnings and sales estimates. The beauty powerhouse also raised its fiscal 2017 guidance.   One of the few specialty retailers with an aggressive store opening program, Ulta Beauty said it remains committed to opening 100 new locations in 2017. It will also remodel 11 stores and relocate seven others.  

  • Discount retailer outperforms in Q2

    Big Lots topped Street estimates in its second quarter as shoppers continue to seek out bargains.    Net income rose 28.2 % to $29.1 million, or $0.67 per diluted share, in the quarter ended July 29, 2017, from adjusted income of $23.4 million, or $0.52 per diluted share, in the year-ago period. Analysts had expected the company to earn $0.62 per share  

  • Owner of Panera Bread and Caribou Coffee in new acquisition

    JAB Holding Company, the Luxembourg-based private equity firm, continues to expand its U.S. portfolio at a rapid pace. The company has entered into an agreement to buy Bruegger’s Bagels from Le Duff America, the Dallas-based parent of la Madeleine French Bakery & Cafe. Terms of the transaction were not disclosed.  

  • Dollar store giant beats Street

    Dollar Tree turned in a strong quarterly performance that blew past profit and sales forecasts as consumers' love affair with dollar stores shows no signs of abating.    Net income rose to $233.8 million, or 98 cents per share, in the second quarter ended July 29, from $170.2 million, or 72 cents per share, in the year-ago period. Excluding items, Dollar Tree earned 99 cents per share, beating the analysts' estimate of 87 cents per share.  

  • Analysis: Sears is headed in entirely the wrong direction

    As much as Sears deserves credit for the various actions it has been taking to shore up the company, there is no denying that this (Sears second quarter financials) is a miserable set of numbers. Indeed, the precipitous drop in comparable sales and the continued lack of progress on profit suggests the company isn't moving far or fast enough to ensure its long-term survival.  

  • Head of international to leave Hudson's Bay

    An 11-year veteran of Canadian department store giant HBC is stepping down.    HBC, whose banners include Hudson's Bay, Saks Fifth Avenue, and Lord & Taylor, announced that Don Watros, president of HBC International, has made the decision to leave, effective September 29, 2017. The company did not name a successor.   
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