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Sears Hometown profits, sales fall in Q1
Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. reported falling profits and sales in the first quarter of fiscal 2015. Lower online commissions from Sears Holdings, lower initial franchise revenues, and lower delivery income helped reduce net income to $2.15 million from $3.68 million.
Net sales in the first quarter of 2015 decreased 1% to $582.8 million from $589.9 million. This decrease was driven primarily by a 1.2% decrease in same-store sales.
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Nike names Coca-Cola exec as CIO
Beaverton, Ore. - Jim Scholefield, 53, will become CIO of Nike Inc., reporting to Eric Sprunk, COO, on June 29.
Scholefield most recently served as CTO for The Coca-Cola Co., where he was responsible for creating and executing its worldwide IT strategy, technology operations, production support and technology engineering. His duties providing global leadership across the Coca-Cola enterprise on all technology matters.

