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Finance & Capital Management

  • Cracker Barrel CEO joins Lowe's board

    Lowe's has added a retail veteran to its board of directors who serves on the boards of Dollar General and Books-A-Million.

    Lowe's announced that Sandra B. Cochran, 57, has been appointed to its board of directors, effective immediately. The announcement brings Lowe's board of directors to 13 members, 12 of whom are independent.

  • Men’s Wearhouse to augment growth with new name

    First Google became Alphabet and now Men’s Wearhouse is following suit by creating a new holding company structure under the name Tailored Brands, a corporate identity  that hints at growth aspirations beyond the male demographic.

  • Nordstrom to open second, smaller store in Manhattan

    Nordstrom isn't satisfied with just one location in the Big Apple.

  • Men’s Wearhouse looking to augment growth under new identity

    First Google became Alphabet and now Men’s Wearhouse is following suit by creating a new holding company structure under the name Tailored Brands that hints at growth aspirations beyond the male demographic.

  • Here's where the shoppers were last Christmas

    Tuesday Morning's value proposition clearly resonated with shoppers over the holidays as the off-price retailer reported an impressive increase in same-store sales for the second quarter.

    The Texas-based retailer said that for the second quarter and six months ended Dec. 31, net sales were $319.9 million for the second quarter, an increase of $18.5 million from the prior year period. Same-store sales increased 8.4%. Operating income for the second quarter was $20.6 million. Diluted income per share was 43 cents.

  • Shoes sales propel profits at Under Armour

    Profit at Under Armour increased nicely in the fourth quarter, and the sports clothing company said growing shoe sales led the company to increase its outlook.

  • Cash Recyclers are a Game-Changer

    When one looks at the hot topics in retail today, no shortage of economists, journalists, industry thought-leaders and technology pundits are talking about the future of payments. One topic that many aren’t really discussing is managing large volumes of cash receivables.
     

  • Amazon shows why it’s every retailer’s nightmare

    It was a happy holiday season at Amazon.com where fourth quarter profits more than doubled, sales increased 22% and the company handily surpassed annual sales of $100 billion for the first time.

    Amazon.com said its net sales increased 22% to $35.7 billion in the fourth quarter ended Dec. 31, 2015, compared with $29.3 billion in fourth quarter 2014. With a $1.2 billion unfavorable impact from year-over-year changes in foreign exchange rates, fourth quarter sales would have increased 26%.

  • Quiksilver rides again: Retailer set to emerge from bankruptcy

    Action sports retailer Quiksilver and its nearly 1,000 stores are set to emerge from bankruptcy on Feb. 8, under the majority ownership of Oaktree Capital Management.

    Quiksilver filed Chapter 11 bankruptcy on Sept. 9, 2015 and on Jan. 28, the company and Oaktree Capital Management issued a statement indicating that funds managed by Oaktree will convert substantial existing United States debt holdings into a majority of the stock in the reorganized company on exit.

  • Convenience stores keep advancing

    Despite plummeting fuel prices, the ranks of convenience stores swelled to a record level last year.

    The U.S. convenience store count increased to 154,195 stores as of Dec. 31, a 0.9% increase (1,401 stores) from the year prior, according to the 2016 NACS/Nielsen Convenience Industry Store Count.

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