-
Dillard's a top stock performer in 2010
Fortune has released its list of the top 10 Fortune 500 stock performers for 2010, and Dillard's is the lone retailer on the list.
Ranked at number 10, Dillard's, which is ranked at 348 on the Fortune 500, posted a year-to-date stock performance improvement of 97% and a market cap of $2.1 billion.
According to the report, Dillard's sold more merchandise this November than last year, with sales totaling almost $470 million for the month. That marked a 7% increase over last year.
-
SEC files lawsuit against former Carter’s exec over fraudulent discounts
Atlanta - U.S. regulators have sued a former sales executive at Carter’s Inc., claiming that he caused the company to misstate earnings by hiding the cost of discounts given to a retailer.
According to a Monday report by the Securities and Exchange Commission, Joseph Elles induced Kohl’s Corp. to boost purchases from Carter’s from 2004 to March 2009 by granting unauthorized discounts that he didn’t disclose.