Content about finance

August 4, 2014

Walgreens has appointed Timothy McLevish as Walgreens EVP and CFO. He will report to president and CEO Greg Wasson, and lead all of Walgreens’ finance functions as the company prepares to move forward with the proposed second step of its strategic partnership with Alliance Boots.

August 1, 2014

Staples has teamed up with Fundable, a business crowdfunding platform, to launch a new contest called Crowd2Shelf, which invites entrepreneurs and small businesses to leverage crowdfunding for a chance to sell their products in Staples stores as well as online.

July 30, 2014

The Home Depot elevated 14 year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

July 24, 2014

Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

July 23, 2014

A $500,000 grant from the Sam’s Club Giving Program will help fund an innovative program to provide technical assistance to small child care operators in low income communities.

July 14, 2014

Unified Grocers has promoted Terry Bodwin to VP, chief human resources officer. She was previously VP, employee and labor relations.

July 10, 2014

Just a month after activist investor Carl Icahn became Family Dollar’s largest shareholder prompting concerns of a hostile takeover, the company reported its third straight quarterly decline in same-store sales.

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 27, 2014

Chico's FAS has appointed Todd E. Vogensen as SVP, CFO, replacing Pamela Knous, who has left the company.

June 27, 2014

New store growth, 13.4% operating margins and totally untapped e-commerce potential failed to impress would-be Michaels investors when the company returned to public ownership Friday, June 27.

June 27, 2014

Payment Alliance International (PAI), a leading retail ATM solutions company, and OnPoint Community Credit Union have entered into an agreement to brand ATMs at all 72 Rite Aid pharmacies in Oregon.

June 26, 2014

David Campisi joined Big Lots a little more than a year ago as president and CEO and with sales and profits gathering momentum the nation’s leading off-price retailer has decided to begin paying a hefty dividend.

June 20, 2014

Just two weeks after Family Dollar adopted a “poison pill” shareholder’s rights plan, billionaire investor Carl Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, has fired back.

June 20, 2014

Former AutoNation CFO Michael Short will become the new CFO at Toy’s “R” Us on June 23 to replace Clay Creasey who left the retailer after eight years.

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 16, 2014

Late last week, Retailing Today reported the GNC CFO Mike Nuzzo had resigned his position to accept a role at a private equity-funded consumer products company. Today, 4moms, a special-purpose robotics company that makes high tech baby gear, confirmed that it has appointed Nuzzo as chief administrative officer and EVP of business development.

June 16, 2014

The U.S. economy has undergone significant financial and social upheaval over the past five years, with companies seemingly invincible to the vagaries of the financial markets disappearing overnight.

June 12, 2014

When it comes to powerful retail CEOs, the names Dave Dillon at Kroger, Frank Blake at Home Depot, Craig Jelinek at Costco and Doug McMillon at Walmart come to mind. But they’ve got nothing on Greg Penner.

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.

June 9, 2014

Activist investor Carl Icahn on Friday reported a 9.4% stake in Family Dollar, making him the company’s largest shareholder and prompting concerns of a hostile takeover.

June 6, 2014

Wal-Mart Stores chairman Rob Walton, 69, announced the appointment of Greg Penner, 44, as vice chairman at the company's shareholders' meeting Friday morning, a move that positions Penner, Walton 's son-in-law, as his successor.

June 2, 2014

Finance executive Sven Wehrwein is the newest member of the Quantum Retail Technology board of directors.

June 2, 2014

Finance executive Sven Wehrwein is the newest member of the Quantum Retail Technology board of directors.

May 29, 2014

Destination XL Group has named Peter H. Stratton Jr. as SVP, CFO and treasurer, effective June 1. Stratton replaces John E. Kyees, who was serving as interim CFO, and will report to president and CEO David Levin.

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