Finance & Capital Management

San Jose, Calif. – July 20 will always be a huge day in the history of PayPal Holdings Inc. PayPal completed its separation from eBay Inc. on July 17, but as of today is trading on the Nasdaq Stock Market under the ticker symbol “PYPL” as an independent public company

Dublin, Calif. - Ross Stores has some big plans when it comes to opening new stores. Ross is opening of 19 Ross Dress for Less and eight dd's Discounts stores across 15 different states in July.

These new locations are part of the off-price retailer's 2015 expansion plans to add a total of approximately 90 stores during the year, including 70 Ross and 20 dd's Discounts. Ultimately, the retailer believes Ross Dress for Less can grow to 2,000 locations and dd's Discounts can become a chain of 500 stores

Houston – Francesca’ Holdings Corp. has appointed Martyn Redgrave as a member of the board of directors. Redgrave served as Limited Brands' executive VP and chief administration officer from March 2005 to August 2012 and also served as CFO from January 2006 to May 2007.

Sunnyvale, Calif. – Yahoo Inc. has initially filed with the Securities and Exchange Commission (SEC) to spin off its remaining holdings in Alibaba Group Holding Ltd. into a new public company called Aabaco Holdings Inc. Yahoo initially announced its plans to spin off its Alibaba stake in January 2015.

Montvale, N.J. – The rumors are true. As expected, the Great Atlantic & Pacific Tea Company Inc. (A&P) has filed for Chapter 11 bankruptcy.

In a brief statement on its website, privately held A&P says it has secured financing of $100 million and voluntarily filed for chapter. A&P has also entered agreements to sell 120 stores for $600 million and will close more of its 296 stores in the near future.

Northeast grocery chain A&P may not have been able to make a go of it, but other retailers are already looking to capitalize on the failed supermarket's real estate holdings. 

BI-LO, Harveys and Winn-Dixie grocery stores raised an impressive $3 million over the Fourth of July weekend to support the Wounded Warrior Project Independence Program.

Ross Stores is crossing off a big chunk of its to-do list as the retailer moves forward with its plans to open 90 stores in 2015.

Francesca's is adding a retail industry veteran to its board.

The retailer has appointed Martyn Redgrave as a member of the board of directors. The appointment is effective immediately. Redgrave will serve on the audit committee and the nominating and corporate governance committee.

New York — Macy’s is feeling the heat — from an activist investor and Donald Trump.

Activist investor Starboard Value wants the department store giant to follow the example set by such other retailers and Sears Holdings and Hudsons Bay Company and capitalize on its real estate holdings by spinning them off into a new investment vehicle. 

Starboard claims the move would double Macy’s stock value, Fortune reported. For more click here.