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Finance & Capital Management

  • Visa makes play in mobile payment space

    Visa Inc. has disclosed an investment stake that indicates it has a strong interest in helping retailers process mobile transactions.

    In a filing with the Securities and Exchange Commission (SEC), Visa said it holds 3.5 million shares in payment processing provider Square, equal to a 10% stake. The investment was worth about $30 million as of Thursday, Feb. 11.

  • Target names new HR chief

    Bold, curious and accountable is the future Target’s new chief human resources officer said she looks forward to helping create.

    Eleven year Target veteran Stephanie Lundquist was elevated to the role of executive VP and chief human resources officer, arguably one of the most important positions in a company with nearly 350,000 employees and 1,800 stores.

  • Whole Foods reveals more 365 locations

    While Whole Foods continues to work on the performance of its flagship stores, the company disclosed new locations and expressed confidence in its 365 format even though the first unit is scheduled to open until May.

  • Michael Kaider has been named to CBRE’S Net Lease Property Group

    Chicago -- CBRE announced that Michael Kaider, first VP, has been named to the firm’s Net Lease Property Group.

    CBRE’s Net Lease Property Group is a select team of senior level capital markets professionals that specialize in the sale, purchase and recapitalization of single-tenant, net leased properties throughout the United States.

  • Sun Capital sees significant expansion ahead for latest acquisition

    Private equity firm Sun Capital Partners plans to accelerate growth of Furniture Factory Outlet following its acquisition of the 36 store chain.

    Based in Fort Smith, Ark., Furniture Factory Outlet (FFO Home) operates 36 stores in Arkansas, Missouri, Oklahoma, and Kansas. Sun Capital said it acquired the company, billed as a value-oriented home furnishings retailer, from Alpine Investors and believes significant expansion opportunities exist. The company also manufactures bedding under the Comfort Coil and Natural Elements brands.

  • Whole Foods reveals more locations for new 365 store format

    While Whole Foods Market continues to work on the performance of its flagship stores, the company disclosed new locations and expressed confidence in its new store concept, “365 by Whole Foods Market,” even though the first location is not scheduled to open until May.

  • O’Reilly eyes more stores following record year

    More than 200 O’Reilly Automotive stores are expected to open in 2016 after the nation’s third largest auto parts retailer logged strong fourth quarter results and its 23rd consecutive year of same-store sales growth.

  • Tech Guest Viewpoint: Steps to Implementing RFID Successfully

    Careful planning with clear, set goals will better your chances to get the most out of any vision. When considering RFID in retail, it’s no different. If you start with the results you want and identify a pathway toward achieving them, you’ll set yourself up for success.

  • Amazon.com reassures investors with big buyback

    With its share price in free fall after badly missing analysts’ fourth quarter profit estimate, Amazon.com has decided to spend billions buying back its own shares.

    Amazon.com disclosed in a filing with the Securities and Exchange Commission that it named a new board member and its board authorized the company to repurchase up to $5 billion worth of the company’s common stock. The new authorization replaces an existing $2 billion authorization that was approved in 2010, of which only $1.237 had been expended.

  • What went wrong at Advance Auto parts

    Warm weather hurt sales at Advance Auto Parts in the fourth quarter, but other factors were in play too as the company’s performance lagged competitors.

    The retailer said same store sales were negatively impacted by the timing of the New Year's day holiday, which fell in the 53rd week last year, by the foreign exchange currency fluctuations from its Canadian business, and by warmer winter weather.

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