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Sports Authority vet leaves for Ollie's Bargain Outlet
Ollie's Bargain Outlet Holdings Inc. is looking to a Sports Authority executive to fill the newly created position of senior VP of finance and chief accounting officer.
The company has named Jay Stasz to the position, which will report to John Swygert, Ollie's executive VP and CFO.
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Staples profits, sales still on the decline
Staples says its reinvention is on track despite a disappointing financial performance in the third quarter.
For the third quarter ended Oct. 31, Staples reported a profit of $198 million. Same-store sales decreased 2%. On a per-share basis, the Framingham, Massachusetts-based company said it had profit of 31 cents. Earnings, adjusted for non-recurring costs, came to 35 cents per share. The results matched Wall Street expectations. Revenue was $5.59 billion, which fell short of Street forecasts.

