Skip to main content

Strategy

  • Conn's names new CEO, sells off bad debt

    Conn’s is selling off much of its consumer debt and appointing a new CEO as the specialty retailer looks reposition its business.

    In a series of strategic moves designed to shore up its ailing consumer finance business and restore investor confidence, Conn’s has named Norman Miller as its new CEO, entered into an agreement to securitize $1.4 billion of retail installment contract receivables, and received board authorization to repurchase up to $75 million of securities, and termination of the stockholders’ rights plan.

  • Men’s Wearhouse likes the way Q2 earnings look

    Fremont, Calif. – The Men’s Wearhouse Inc. likes the way its second quarter earnings look — even if its Jos. A. Bank unit continues to struggle.

    Net earnings almost quadrupled to $47.8 million from $12.3 million, beating Wall Street estimates.

  • Haggen now in bankruptcy, blames Albertsons again

    A week after suing Albertsons for $1 billion, west coast regional grocer Haggen has filed Chapter 11 and continues to cite Albertsons as the source of its difficulties.

  • Conn’s names former Sears exec as new chief

    The Woodlands, Texas – Conn’s Inc. named a new CEO as part of a planned succession, and also announced it beat Wall Street expectations for profit in the second quarter.

    Following a year-long repositioning initiative, Conn’s has appointed Norman Miller to serve as CEO and president.

    Miller brings more than 30 years of business leadership experience, most recently serving as president of Sears Automotive, and as president and COO of DFC Global Corp.

  • PacSun does corporate reshuffling as part of expense cutting move; CFO departs

    Anaheim, Calif. – Pacific Sunwear of California Inc. is launching a major expense reduction initiative in the wake of disappointing second quarter results.

  • Dick’s expands All American concept

    Two months after opening its first All American Sports Center, Dick’s Sporting Goods is extending the concept to two new markets in Ohio.

  • Francesca’s profit slips in Q2; reining in expansion

    Houston – Rising expenses resulted in falling profits at Francesca’s Holdings Corp., which plans to slow its store expansion going forward.

    Francesca’s net income fell 10% to $9.3 million in the second quarter, from $10.3 million the prior year period.

    Rising boutique and payroll expenses related to new store openings were the primary factor in decreasing Francesca’s profits. However, new store openings also helped drive a 9% increase in net sales, to $106.03 million from $97.02 million.

  • Another teen retailer in major shakeup

    A California-based teen retailer is launching a major expense reduction initiative in the wake of disappointing second quarter results.

X
This ad will auto-close in 10 seconds