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Corporate Governance

  • EBay Enterprise releases ship-from-store freight solution

    King of Prussia, Pa. - eBay Enterprise is releasing a new offering for clients using its Ship-From-Store solution. The new solution leverages EBay Enterprise’s solutions with freight companies to provide its Ship-From-Store clients with discounted shipping rates, free or discounted branded packing supplies and rebates for high-volume orders that they would not be able to obtain on their own.

  • Tractor Supply Co. posts strong Q1; on track to open 100+ stores this year

    Brentwood, Tenn. -- Tractor Supply Co. reported an 11% rise in profit for the quarter ended March 29, to $48.8 million from $44 million last year.

    Revenue rose 9% to $1.18 billion, and same-store sales increased 2.2% versus a 0.5% increase in the prior year period.

    For the full year, the company said it expects capital expenditures to range between $240 million and $250 million, including spending to support 102 to 106 new store openings and construction of the new Store Support Center to open in 2014.

     

  • Starbucks perks up in Q2

    Seattle – Starbucks Coffee Company reported generally strong performance in the second quarter of fiscal 2014, compared to the same period a year earlier. Earnings per share rose 10% to $0.56, from $0.51.

    Consolidated net revenues grew 9% to $3.87 billion from $3.55 billion, while consolidated same-store sales increased 6%.

    The retailer cited its Teavana business, partnership with Oprah Winfrey, and new payment and loyalty technology as all contributing to overall fiscal growth.

  • Destination Maternity net income drops in Q2 on adverse weather

    Philadelphia -- Destination Maternity Corp. reported that net income for the quarter ended March 31, 2014 dipped to $3.2 million, compared to $5.9 million in the same period last year.

    Revenue fell 6.5% to $126.1 million from $134.9 million, and same-store sales decreased 5.1%. CEO Ed Krell blamed the disappointing results on inclement weather.

  • Safeway sees uptick in sales in first quarter

    Safeway posted sales of $8.3 billion in the first quarter of 2014, representing an increase of 1%. The slight uptick in sales was primarily attributed to an identical-store sales (excluding fuel) increase of 1.8%, partly offset by lower fuel sales in 2014.

    The identical-store sales (excluding fuel) increase of 1.8% consists of a 1% increase in price per item and a 0.8% increase in volume. Safeway's share of sales in all outlet channels increased slightly, and sales to its most loyal households improved during the quarter.

  • Overstock.com announces merchandising/sourcing promotion

    Salt Lake City -- Overstock.com, Inc. has promoted Seth Marks to the position of senior VP of merchandising and strategic sourcing for the online shopping site.

    Marks began his work at Overstock.com in 2013, and has served as VP of sales and special acquisitions. Previously, he co-founded Big Lots Capital, the special acquisitions arm of Big Lots, Inc., and served there as the VP of merchandising.  He also was chief marketing officer and Acquisition Group president of Tuesday Morning Corp.

     

  • Jelly Belly goes All American

    Jelly Belly Candy Co. will celebrate its American heritage with the introduction of two new patriotic bags of Jelly Belly jelly beans.

    The All American mix, which consists of Very Cherry (red), Coconut (white) and Blueberry (blue), is now available in a 3.5-oz. bag that features Mr. Jelly Belly waving the American flag. The 3.5-oz bag of Very Cherry — the top-selling jelly bean flavor, according to the company — now features an updated design with a white gingham pattern and a graphic of ripe cherries that bring to mind summer picnics.

  • Nordstrom Rack plans 2015 store opening in Albuquerque

    Seattle – Nordstrom Inc. plans to open a Nordstrom Rack at Winrock Town Center in Albuquerque, New Mexico. The approximately 33,500-sq.-ft. store is scheduled to open in fall 2015.

    The new Nordstrom Rack will be the company's first retail location in New Mexico.

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