Content about Finance

May 16, 2012
Publix promotes DiGrazia to VP finance

Gino DiGrazia, who currently serves as VP and controller of Publix's business analysis and reporting, has been promoted to VP finance.

May 16, 2012
Target tops earnings view even after earlier increase

First quarter earnings at Target exceeded a profit forecast the company increased last month after a strong start to the quarter.

May 10, 2012
Kohl's earnings slip, comps up in Q1

Despite dropping from the previous year, Kohl's said its net income for the first quarter ended April 28 was in line with its expectations.

May 4, 2012
New promotions light up Yankee Candle finance, administration departments

SOUTH DEERFIELD, Mass. — The Yankee Candle Company has announced that Gregory Hunt is resigning as EVP finance and CFO, effective as of May 15, 2012.  Hunt, who joined Yankee Candle in 2010, is leaving to join a leading New York based financial services firm.

May 4, 2012
New promotions light up Yankee Candle finance, administration departments

SOUTH DEERFIELD, Mass. — The Yankee Candle Company has announced that Gregory Hunt is resigning as EVP finance and CFO, effective as of May 15, 2012.  Hunt, who joined Yankee Candle in 2010, is leaving to join a leading New York based financial services firm.

April 26, 2012
Vantiv launches mobile check deposit after successful pilot with Town & Country Bank

Payment processing service-provider Vantiv said Wednesday that it has launched its Mobile Check Deposit product that enables consumers and small business owners to use their smartphone to take a picture of a check and deposit into their account.

April 26, 2012
Wal-Mart first-ever retailer to launch online ‘pay with cash’ option

Walmart has launched a “Pay with Cash” service that offers cash payment options for online orders at Walmart.com in the United States.

April 25, 2012
Search for Children's Place CFO ends with former Limited exec

More than a year after The Children's Place Retail Stores began its search for a new chief financial officer, following the departure of EVP finance and adminstration, Susan Riley, the company has named Steven Baginski as CFO. He will report to Eric Bauer, COO. 

April 11, 2012
Dollarama thrives as it awaits more U.S. competition

Dollar stores in the United States have seen much success in recent years (check out Retailing Today's report on Dollar General here) and they appear to be doing just as well north of the border.

April 11, 2012
More exec changes ahead at JCP

Personnel changes are quite common these days at JCPenney, the latest involving CFO Michael Dastugue, who is leaving the company effective April 13.

March 30, 2012
Michaels crafts an IPO

After much speculation, Michaels Stores Friday confirmed that it is has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

March 21, 2012
Apple puts things in perspective for Target, other dividend payers

Target announced completion of a $10 billion share repurchase program this week and reminded investors of its commitment to more than double its annual dividend payment to $3 by 2017.

March 15, 2012
Lampert’s ESL to assume Sears vendor payment obligations

In a move to ensure that vendors continue to supply Sears its goods, Sears Holdings Corp.'s top shareholder ESL Investments, a hedge fund owned by Edward Lampert, has agreed to assume some payment obligations.

March 7, 2012
The future of finance comes to New York

Incoming Target CFO John Mulligan and outgoing CFO Doug Scovanner participated in a Target sponsored meeting last Friday at the New York stock exchange. The event gave Wall Street analysts an opportunity to get to know Mulligan, and the consensus is the guy is a strong replacement for longtime CFO Scovanner whose tenure ends March 30.

February 14, 2012
Rite Aid issues $481 million in senior notes to refinance debt

Rite Aid is offering $481 million in eight-year senior notes to refinance debt that is scheduled to come due in three years, the retail pharmacy chain said Tuesday.

January 30, 2012
Internal talent tapped for CFO job

The appointment of 16-year Target veteran John Mulligan as the company’s new CFO makes a lot of sense as Target will benefit from continuity of leadership in its finance department.

January 26, 2012
Staples invests in e-commerce

Staples has announced the opening of a new e-commerce innovation center in Kendall Square in Cambridge, Mass.

January 24, 2012
New finance leader named at Target

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance.

January 19, 2012
Revenues soar at eBay

eBay announced that revenue for the fourth quarter ended Dec. 31 increased 35% to $3.4 billion, compared with the same period of 2010.

January 18, 2012
Target holds off sale of credit card business

Target announced that it has temporarily suspended its efforts to sell its credit card receivables portfolio.

January 16, 2012
NCR introduces cloud-based POS system for independent retailers

NCR announced Monday the introduction of a point-of-sale system that will allow independent retailers to manage transactions, track sales and inventory, process credit cards and market to customers on both touch-screen terminals and Apple mobile devices.

December 22, 2011
Barneys New York teams with Micros-Retail for mobile POS

Micros-Retail, a division of Micros Systems, said Wednesday that Barneys New York has launched the Micros-Retail miStore mobile point-of-sale solution in its flagship New York store, starting this holiday season.

December 21, 2011
Borders wins court approval of plan to dissolve

Borders Group Inc. won court approval of the final details of its plans to dissolve, according to Bloomberg.

December 19, 2011
Illinois Governor signs tax breaks for Sears, cementing home in Chicago

SPRINGFIELD, Ill. — Illinois Gov. Pat Quinn signed legislation Friday that grants hundreds of millions of dollars in tax breaks and incentives aimed at keeping Sears Holdings Corp., along with CME Group Inc., which operates the Chicago Mercantile Exchange, headquartered in Illinois.

Lawmakers approved the business tax breaks earlier this month, but Quinn had not yet signed the bill. Both companies had openly threatened to leave the state without some kind of significant aid package.

December 14, 2011
Stein Mart gets delisting notice from Nasdaq

Stein Mart Inc. said Wednesday that it has been put on notice by the Nasdaq exchange because it did not file its third-quarter results by the deadline.

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