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Finance & Capital Management

  • Fitch Ratings: U.S. retail sales to grow 3% to 4% in 2017

    Retailers and restaurants in the United States won’t get any relief in 2017 in the battle to win customers.    That’s according to Fitch Ratings' Outlook report, which says that retailers will continue to face a competitive environment in 2017 as they navigate changing customer preferences.  

  • Owners asks for tax to spruce up center

    A mall owner in Springfield, Missouri, has asked the town council to declare the area surrounding his site blighted and charge a tax to go towards improvements to his property.   Curtis Jared told town administrators that sprucing up his Brentwood Shopping Center would create more jobs and tax revenue, according to local radio station KTTS. He wants them to form a community improvement district allowing a one-cent increase in the local sales tax.  

  • Retail market is hot in this city

    The City of Brotherly Love is having a love affair with retail.    A new report from Philadelphia’s City Center District reveals that 45 national retailers have helped fuel a $1 billion investment in city real estate during the last five years.  

  • Report: Big increase in holiday offers — and related costs

    Retailers continue to launch digital deals this holiday season to snag new customers — but these efforts come at a price.    Retailers’ promotional offers are eclipsing 2015 efforts. Customer orders using a promotion are up 34% versus 2015, and up 52% over the holiday season (Nov. 1-Dec. 5) versus 2015 in North America.     

  • Company drops co-CEO model

    The food safety crisis that took the wind out of the sails of formerly high-flying Chipotle Mexican Grill has finally taken a toll on the chain’s executive suite.   The chain announced that Monty Moran has stepped down as co-CEO and from his board seat, effective immediately. Chipotle founder Steve Ells, currently co-CEO, will be the sole chief executive. He will also remain chairman.   

  • Interim CEO of Limited Stores joins fast-growing specialty retailer

    Altar'd State, a fast-growing women's fashion brand with more than 70 stores, has added to its senior leadership team with two retail veterans.   John Buell has joined Altar'd State as senior VP, CFO. Buell is a 13-year Limited Stores veteran, having most recently served as Interim CEO. Prior to joining Limited, Buell spent 15 years at Sears, Roebuck, and Co.   

  • Hudson’s Bay Co. expands robotics to U.S. operations

    Hudson’s Bay Co. is bullish on robotics.   

  • Fred’s swings to Q3 loss; hints at 'pending transaction'

    Fred’s acknowledged it had a tough fiscal third quarter, but the company is making many changes and looking forward to a brighter future.      The first action Fred’s will take will be closing 40 underperforming stores in the first half of 2017, which  provides an immediate benefit to earnings of more $4 million.  
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