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Corporate Governance

  • Discount retailer outperforms in Q2

    Big Lots topped Street estimates in its second quarter as shoppers continue to seek out bargains.    Net income rose 28.2 % to $29.1 million, or $0.67 per diluted share, in the quarter ended July 29, 2017, from adjusted income of $23.4 million, or $0.52 per diluted share, in the year-ago period. Analysts had expected the company to earn $0.62 per share  

  • Owner of Panera Bread and Caribou Coffee in new acquisition

    JAB Holding Company, the Luxembourg-based private equity firm, continues to expand its U.S. portfolio at a rapid pace. The company has entered into an agreement to buy Bruegger’s Bagels from Le Duff America, the Dallas-based parent of la Madeleine French Bakery & Cafe. Terms of the transaction were not disclosed.  

  • Target Q&A with its new chief strategy and innovation officer

    On Sept. 11, Minsok Pak will step into the role of executive VP, chief strategy and innovation officer, for Target Corp.    In the Q&A below, posted on Target's website, the retailer spoke with Pak about his past work with consumer brands, and the challenges facing retail today.   

  • J. Crew names finance head amid ongoing sales decline

    J.Crew Group named an internal associate as CFO as the retailer continues to struggle to turn around its namesake brand.   The retailer announced that Vincent Zanna, previously senior VP of finance and treasurer, has been promoted to CFO and treasurer, effective immediately. He will continue to report to Michael Nicholson, who was previously CFO and COO, and now serves as president and COO.    

  • Signet Jewelers beefs up digital capabilities with ‘strategic acquisition’

    Signet Jewelers Limited is acquiring a fast-growing and innovative e-commerce company.   Signet, whose banners include Kay Jewelers and Zales, said that it has agreed to acquire R2Net, owner of online jewelry retailer JamesAllen.com, for $328 million in an all cash transaction. R2Net also owns Segoma Imaging Technologies, a technology provider for the jewelry industry.   

  • Sears' Q2 sales tumble; will close more stores

    Sears Holdings Corp.'s second-quarter earnings beat the Street as it benefitted from cost-saving initiatives. But it continued to struggle with weak traffic and declining sales, and added 28 more locations to its long list of store closings.    Sears reported that its second-quarter loss narrowed to $251 million, or $2.34 per share, in the quarter ended July 29, helped by cost savings resulting from the streamlining of operations and store closings.  

  • Amazon-Whole Foods Market deal closes Aug. 28; grocer to cut some prices immediately

    That didn't take very long.    Amazon said on Thursday — the day after the Federal Trade Commission gave the green light to the deal — that its $13.7 billion acquisition of Whole Foods Market will close on Monday Aug. 28. Starting that same day, Whole Foods will offer lower prices on select products. And with time, Amazon will place lockers in Whole Food stores, and make Amazon Prime the grocer's customer rewards program.   

  • L.L. Bean opens at Virginia lifestyle center

    Chains close stores, and chains open stores. Legendary cataloger and online retailer L.L. Bean is one of the latter, opening its 33rd store outside of Maine and its fourth in the state of Virginia.   This week’s debut came at The Shops at Stonefield, a 265,000-sq.-ft. lifestyle center in Charlottesville that was acquired by O’Connor Capital Partners last year.  
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