-
Casey’s income up 6%, misses expectations
Ankeny, Iowa -- Casey's General Stores said that its net income climbed 6% to $39.3 million in the most recent quarter, fueled by new stores. But rising costs for some commodities cut into its profit margins and its results fell shy Wall Street expectations.
The company's overall profit margin fell to 14.2% from 17.2%. -
Sears appoints supply chain head
Hoffman Estates, Ill. -- Sears Holdings announced that Raj Penkar will be joining Sears Holdings on Sept. 15 as senior VP and president, supply chain. He will be accountable for all aspects of the company's supply chain, including logistics, warehousing, inventory management and distribution.
Penkar joins Sears Holdings following a successful 24-year career at UPS, where he most recently served as president of UPS' customer solutions division.