Content about Corporate finance

November 7, 2014

Mike Smith was named SVP finance and CFO North America at McCormick.  In this role he will oversee investor relations, treasury and serve as the CFO of the newly formed North American Leadership Team. 

August 25, 2014

Ann Inc. is being urged to explore options, including a sale, by activist investor Engine Capital and Red Alder. The two firms, who collectively own more than 1% of the outstanding shares of Ann Inc., are publicly urging the company to sell at a substantial premium above current stock price.

August 22, 2014

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

July 7, 2014

Bed Bath & Beyond plans to spend nearly $3 billion buying back its own stock during the next two years after weak results earlier this year prompted a sell-off in the company’s shares.

June 19, 2014

AutoZone shares have traded above $500 for most of the year but the company remains an aggressive purchaser of its own stock and recently authorized the expenditure of $750 million to buy even more shares.

June 17, 2014

Who doesn’t have a Web site these days? Plenty of small business, according to Go Daddy, the domain name registrar looking to convince investors of its untapped growth potential ahead of a public stock offering.

June 11, 2014

A lot of change is taking place at Target these days, but one thing the company isn’t messing with is a generous dividend that has helped sustain the value of the stock price.

March 21, 2014

Borderfree is a digital company focused on helping retailers sell to anyone anywhere and last Friday the company sold itself to investor’s by completing an initial public stock offering.

March 7, 2014

Coupons.com has gone public. The digital promotional platform has priced its initial public offering of 10,500,000 shares of common stock at $16 per share, which is above the reported expected range of $12 to $14.

March 3, 2014

Publix’s sales for the fourth quarter of 2013 boosted the company’s stock price from $30 per share to $30.15 per share.

January 16, 2014

Office Depot has appointed Michael A. Steele as VP of investor relations. Steele, who most recently served as VP of investor relations for OfficeMax, where he had been employed since July 2007, will report to Stephen E. Hare, EVP and CFO.

October 17, 2013

Twitter has hired Google advertising executive J.J. Hirschle to head retail as the company prepares to expand its business ahead of an initial public offering, according to Bloomberg.

October 2, 2013

Shares of Burlington Stores surged more than 40% in their first day of trading as the company executed an initial public offering on Wednesday.

August 16, 2013

JoS. A. Bank customers did not respond as favorably to some of the company's marketing campaigns as they did in the prior year leading to a total sales decline of approximately 11% in the second quarter ended Aug. 3.

August 6, 2013

Buoyed by strong sales and growing profitability, leading footwear retailer DSW Inc., preannounced second quarter sales and plans for a 2-for-1 stock split in advance of the release of second quarter results on August 27.

June 11, 2013

Dole Food Company's board of directors has received an unsolicited proposal from David H. Murdock, the company's chairman of the board and CEO, to acquire all the outstanding shares of common stock of Dole not already owned by Murdock or his family for $12 per share in cash.

June 7, 2013

Walmart’s board of directors has given the company the green light to repurchase $15 billion of its shares, effective June 6, the company announced at its annual shareholders meeting.

March 8, 2013

Genesco, a specialty retailer of sports apparel and accessories reported fourth quarter earnings of $38.7 million, or $1.63 per diluted share, compared with earnings from continuing operations of $41.5 million, or $1.72 per diluted share, for the same period last year.

March 5, 2013

JCPenney Co. last Tuesday dominated the retail news as its shares dropped 10.6% to a four-year low after reports that one of its largest shareholders had sold a chunk of the troubled company’s stock.

January 18, 2013

Family Dollar’s annual dividend now exceeds a dollar following a 24% increase on Friday.

December 17, 2012

February 2013 promises to be an interesting month at Best Buy following the retailer’s decision to extend the timeframe for company founder and former chairman Richard Schulze to submit a potential buyout offer.

October 31, 2012

Office Depot's board of directors have approved a rights agreement and declared a dividend distribution of one preferred stock purchase right for each outstanding share of company common stock.

October 1, 2012

Publix on Monday announced its board of directors declared a semi-annual dividend on its common stock of 30 cents per share.

September 25, 2012

Summer Infant, a juvenile products manufacturer, today has retained Sharon Merrill (www.InvestorRelations.com), a nationally recognized investor relations and corporate communications firm based in Boston, to provide strategic investor relations services.

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