News

Indianapolis – The Finish Line Inc. reported net income of $42.75 million during the fourth quarter of fiscal 2014, up 28% from $33.47 million in the year-ago period.

Net sales grew 17% to $518.87 million from $442.68 million and same-store sales rose 6.3%. Finish Line credited its omni-channel strategy, among other factors, as driving its impressive quarterly performance.

Pleasanton, Calif. – Safeway Inc. on Friday said that no other bidders have emerged during the 21-day “go-shop” period following the announcement of its agreement to be acquired by AB Acquisition, the parent of Albertsons.

Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended on March 27 (the "go-shop" period).

Oak Brook, Ill. – McDonald’s is offering free McCafe coffee is available during breakfast hours starting March 31 through April 13 in participating restaurants. To kick off the two-week campaign, McDonald's will host "Make Friends with McCafe" sampling events at high traffic locations and transportation hubs in multiple cities across the country.

The Crayola Store envelops customers of all ages in a world of color and fun, immersive experiences while celebrating the breadth of Crayola’s product collection.

New Lululemon CEO Laurent Potdevin said 2014 is a year for investing, strengthening the company’s foundation, reigniting its product engine and accelerating sustainable and controlled global expansion.

Restoration Hardware Holdings chairman and CEO Gary Friedman lauded the company’s performance in the fourth quarter and fiscal 2013, saying that RH continued to outperform the home furnishings industry by a wide margin.

It’s onto the next step for Safeway and Albertsons. No additional bidders emerged during Safeway’s 21-day “go shop” period following Albertsons’ announcement of its intention to acquire the company.

Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended March 27.

Finish Line chairman and CEO Glenn Lyon said the company’s successful execution of its consumer-centric omnichannel strategy drove solid gains in its core business and that growth initiatives contributed meaningfully to its record full-year revenue and profits.

The company reported net income of $42.75 million during the fourth quarter, up 28% from $33.47 million in the year-ago period. Net sales climbed 17% to $518.87 million from $442.68 million and same-store sales increased 6.3%.

It’s official. Loblaw has completed its acquisition of Shoppers Drug Mart Corporation, which is now a separate operating division of Loblaw.

"The most successful partnerships are grounded in strengths that complement each other," said Galen G. Weston, executive chairman, Loblaw. "Loblaw and Shoppers Drug Mart are perfect partners. We will drive growth and profitability through our unmatched mix of store formats, products and offerings. This is truly a case of the whole being greater than the sum of its parts."

Hampshire Group has promoted David Price to the role of chief operating officer. Price held the role of SVP of operations at Hampshire Group since 2012.

He will report to chairman and CEO Paul Buxbaum, and will oversee operations in all divisions of Hampshire Group.

“We are thrilled to promote David into the role of COO. David has been an integral part of the turnaround effort of Hampshire Group, and he will serve an even more important role in building the business going forward,” said Buxbaum.