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Finance & Capital Management

  • Target in $5 billion share repurchase program

    Target Corp. on Wednesday announced its board has authorized a $5 billion share buyback plan.   The retailer will begin repurchasing shares under the new plan upon completion of its current $10 billion program, which is expected before the end of fiscal 2016 in January. Under that program, the company has purchased $8.8 billion worth of shares.   Target also declared a dividend of 60 cents per common share for the fourth quarter, unchanged from the third quarter.  

  • Windsor uses cloud to optimize operations, support expansion

    Omnichannel success depends on the ability to scale operations to keep up with consumer demand.  

  • Dunkin’ Donuts opens milestone store

    It’s 12,000 stores and counting for Dunkin’ Donuts.   The chain on Tuesday opened its 12,000th restaurant worldwide, in Riverside, California. The new location is part of Dunkin’s strategic westward expansion.    It plans to open more than 30 new restaurants in California this year with plans for about 300 new locations total to be developed in the state over the coming years.  

  • Ascena Q4 profit misses

    Ascena Retail Group Inc., which operates apparel stores under the Ann Taylor, Loft, Lane Bryant and other banners, on Monday reported fiscal fourth-quarter earnings worse than Wall Street expected and also gave weaker-than-expected guidance for fiscal 2017.   The parent company of Lane Bryant, Ann, Justice and other apparel banners reported net income of $13.8 million, after reporting a loss in the same period a year earlier.  

  • Department store retailer in expansion mode

    Not all department stores are scaling back on their portfolio.    Von Maur Department Stores has opened its third location in the state of Georgia, a 165,000-sq.-ft. store at the Mall of Georgia in Buford.  

  • Toys 'R' Us’ ongoing turnaround plans include more stores

    Fun. And smaller stores.   Both are part of Toys “R” Us’ plan to revive itself, Bloomberg reported.  

  • Wal-Mart closes Jet.com deal

    It’s official: Wal-Mart is ready to service a new online customer base.   Wal-Mart’s acquisition of Jet.com was finalized yesterday, a move that extends the chain’s already vast digital presence.  

  • Mattress Firm and Steinhoff — done deal

    A South African-based company is now the owner of the largest mattress retailer in the United States.   Steinhoff International Holdings NV announced it completed its acquisition of Mattress Firm Holding Corp.    As a result of the completion of the transaction, which was first announced in August, Mattress Firm’s common stock will no longer be traded on the NASDAQ stock market.  
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