Finance & Capital Management

Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

American Apparel has lost one of its veteran executives. Martin Bailey, who headed up manufacturing for the company, has resigned, Fashionunited.com reported. Previously, he served as president and VP of operations for American Apparel, which recently emerged from Chapter 11 bankruptcy protection. [Fashionunited.com]

The losses are mounting at one of New York City’s most beloved supermarket chains, the 80-year-old Fairway Market, as it battles increased competition from the likes of Trader Joe’s and Whole Foods Market. Fairway Group Holdings Corp., is on the cusp of default, and the next step could be bankruptcy court, Crain’s New York reported. The company warned investors in a regulatory filing on Feb. 5 that it could breach its loan agreements.

Photo: Matthew Tice (left) and Mark Cosenza (right)

Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

Retailers used to be able to count on Americans spending every penny of their tax refund, but that’s not the case anymore according to new research from the National Retail Federation.

One of the senior executives at Cabela’s is transitioning to an advisory role within the company.

The sporting goods retailer announced that Michael Copeland, executive VP/COO, has decided to transition from his current position to a strategic advisory role. The transition will take place over the next month.

Copeland joined Cabela’s in November 2007 as VP of retail operations. Since January 2010 he has served as Cabela’s COO.

The combination of 80 new stores and a 20% increase in e-commerce is expected to drive double digit growth of VF corp.’s business in 2016.

Bebe stores has brought back its founder and former CEO to lead a turnaround effort that includes a 15% reduction in its corporate workforce.

The troubled retailer announced that founder Manny Mashouf has rejoined its management team as CEO, replacing Jim Wiggett, who was hired less than two years ago. Mashouf previously served as CEO from the company’s founding in 1976 to 2004, and then again from 2009 until the beginning of 2013, when he stepped down and became non-executive chairman.

A modest increase in fourth quarter same store sales at Walmart’s U.S. stores marked a sixth consecutive period of growth and helped the company exceed analysts’ profit targets, but a reduced 2016 sales outlook caught some investors by surprise.