Skip to main content

Finance & Capital Management

  • Gordon Brothers finance unit names board member CEO

    Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.

  • Kroger elevates two to division president roles

    The retirement of Kroger’s Nashville division president Rick Going and the earlier appointment of a new Fred Meyer president gave the supermarket company the opportunity to elevate two other executives.

  • Target exec joins cybersecurity board

    Brad Maiorino, Target senior VP and chief information security officer, is the newest member of the Retail Cyber Intelligence Sharing Center (R-CISC) board of directors.

    R-CISC is an organization of more than 50 members representing retail and other consumer-facing companies which provides a network to communicate about cyberthreats and vulnerabilities, and to share best practices in data protection and breach mitigation.

  • Toys 'R' Us enlists big banks as finances improve

    Better than expected holiday season and full year profitability at Toys “R” Us has the left the company optimistic about 2016 and looking at a financial restructuring which could free resources for growth initiatives.

    Toys “R” Us said its estimated, unaudited and adjusted earnings before interest taxes, depreciation and amortization (EBITDA) increased 21% to $780 million during the fiscal year ended Jan. 30. Excluding a $42 million negative impact of foreign currency translation EBITDA grew 28%.

  • Hancock Fabrics files for bankruptcy, considers sale of company

    Hancock Fabrics has filed for bankruptcy again and said it might put the entire company of 250 retail sewing and crafting stores up for sale.

  • Analysis: Why J.C. Penney will win with appliances

    Photo: J.C. Penney launched appliances at 22 stores in three test markets this week, including the inviting presentation shown above at a store in Tampa.

    Large appliances are back at select J.C. Penney stores after a 30 year hiatus and when – not if – the merchandising initiative is rolled out more broadly the contribution to same store sales growth could be huge.

  • Publix looks north as it enters its seventh state

    Publix Super Markets has signed leases to open its first-ever stores in the state of Virginia.

  • Westwood Financial acquires seventh southeast property

    Pensacola, Fla. -- Westwood Financial Corp. announced it has acquired the Shoppes at Milestone, a fully-leased shopping center located in Pensacola, Florida. The 19,700-sq.-ft. shopping center is shadow anchored by Publix and is the firm’s seventh Florida property.

  • New accessories fuel growth at Michael Kors

    The opening of more than 100 stores in the third quarter helped Michael Kors increase revenues, although same-store sales were more moderated.

  • WP Glimcher completes sale of two non-core malls for $30 million

    Columbus, Ohio -- WP Glimcher has completed the sale of Forest Mall in Fond Du Lac, Wisconsin and Northlake Mall in Atlanta. The two non-core assets were sold to private real estate investors for $30 million.

X
This ad will auto-close in 10 seconds