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Finance & Capital Management

  • Lowe’s takeover of Canadian home improvement chain gets regulatory OK

    Lowe’s takeover of Canadian home improvement chain gets regulatory OK With regulatory hurdles out of the way, Lowe's Cos. is one step closer to completing its acquisition of Canadian home improvement retailer Rona Inc. Lowe's has officially been granted approval under the Investment Canada Act and clearance from the Competition Bureau. Rone operates nearly 500 stores in Canada.

  • It’s not all gloom and doom: April sales surprise

    While you wouldn’t know it from first-quarter slump among department stores, total retail sales posted their biggest increase in April in a year, allaying fears of a consumer falloff.

  • Furniture giant to open first retail store

    Furniture manufacturer Herman Miller will continue its transformation from a maker of modern office furniture to a lifestyle brand with the opening of its first retail store. The store, opening in late 2016, will be located in the company’s recently opened flagship in Manhattan’s Gramercy neighborhood. The non-retail components of the flagship—the Herman Miller and Geiger showrooms—are already open, by appointment.

  • Ten Steps Employers Can Take NOW to Prepare For The Final Overtime Rule

    The Department of Labor's (DOL) proposed overtime regulations are one step closer to becoming a reality for the American workforce. On March 14, 2016, the DOL submitted their final version of the regulations to the White House's Office of Management and Budget (OMB) for review, signifying the last step in the regulation becoming law.

  • Spring retail funk hits Kohl’s as Q1 profit plunges

    Call it a spring retail funk. The day after Macy’s posted disappointing results for its first quarter, Kohl’s Corp. upped the ante, reporting an 87% drop in net income amid heavy one-time costs. Kohl’s net income for the three months that ended April 30, was $17 million, down 87% from the $127 million Kohl's earned in the year-ago period. Excluding impairments, store closings and one-time costs, net income was $58 million, down 55%.

  • Retailer installing Tennessee’s largest solar array

    Ikea is going big in Memphis. The home furnishings giant plans to install the largest rooftop solar array in the state of Tennessee at its new store in Memphis. The 271,000-sq.-ft. Memphis Ikea is scheduled to open in late fall 2016, and panel installation for the solar energy system will begin this summer.

  • Brixmor names another exec ahead of RECon

    Mark Horgan has been named executive vice president and chief investment officer at Brixmor Property Group and been give a wide range of responsibilities as the newest member of a revamped senior leadership team.

  • Party City shrinks loss

    Party City Holdco Inc. narrowed its loss in the first quarter as gross margins improved. The party supplies retailer and wholesaler reported a loss of $394,000, in line with Wall Street expectations, for the quarter ended March 31, down from a loss of $8.5 million in the year-ago period. Total revenue was flat at $457.7 million, which missed Street forecasts.
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