Target Rings Up Strong Holiday Season
As Target reported a November/December 5.7% comparable sales growth, the retailer also revealed several changes in its executive suite.
finance
Rite Aid Refinances Revolving Credit Facility
Rite Aid has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility.
BJ’s Wholesale Club Adds Peterson To Board Of Directors
BJ’s Wholesale Club has appointed Christopher Peterson, executive vice president, chief financial officer of Newell Brands, to its board of directors. He will serve as chair of the board’s audit committee.
Stein Mart Appoints Brown Chief Financial Officer
Stein Mart has appointed James Brown as executive vice president and chief financial officer, effective December 17.
J.C. Penney Appoints Fung Interim CFO
J.C. Penney has appointed Michael Fung as interim chief financial officer. He will succeed Jerry Murray, who will resume his responsibilities as svp/finance.
Jonathan Adler Gains Capital For Brand Expansion
Jonathan Adler has gained $16 million in working capital from Gordon Brothers and Rosenthal & Rosenthal, Inc., two financing firms. According to Gordon Brothers, the financing is in support of the launch and execution of an exclusive e-commerce brand and product partnership with a major online retailer.
Sally Beauty Appoints Alt President
Sally Beauty has appointed Aaron Alt as president of Sally Beauty Supply, in addition to his current finance and supply chain responsibilities as CFO at Sally Beauty Holdings.
Hamilton Beach Names Mosier VP/CFO
Hamilton Beach has named Michelle Mosier as its vp/CFO and treasurer. She fills the position being vacated by James Taylor, who is retiring at the end of 2018. Mosier will join the company on October 29.
Home Depot Appoints Kadre To Board Of Directors
The Home Depot has appointed Manuel Kadre, chairman and CEO of MBB Auto Group, to its board of directors.
Stein Mart CFO To Retire
Stein Mart’s chief financial officer, Gregory Kleffner, plans to retire from the company next spring.
Davis Resigns From J.C. Penney, Named Qurate CFO
Qurate Retail Group has announced that Jeffrey Davis will join the group as chief financial officer. Davis has resigned as the CFO of J.C. Penney to take the new position.
Stein Mart Extends Credit Agreements
Stein Mart has extended and amended its existing revolving credit agreement with Wells Fargo Bank and its term loan agreement with Gordon Brothers Finance Company.
Lowe’s Appoints Denton Chief Financial Officer
Lowe’s has appointed David Denton as executive vice president, chief financial officer.
99 Cents Only Stores Appoints Chief Financial Officer
99 Cents Only Stores has appointed Ashok Walia as chief financial officer, where he will be responsible for overseeing finance, accounting, treasury, marketing and information technology functions for the company.
RH Names Blignaut Chief Financial Officer
Restoration Hardware (RH) has named Ryno Blignaut as president, chief financial and administrative officer.
Walmart Teams With Capital One On Credit Card Program
Walmart and Capital One have entered into a new, long-term credit card program agreement.
Jura Names Correa VP/Finance
Gustavo Correa has joined Jura Inc. as vp/finance. He is responsible for directing all aspects of accounting operations and for budgeting, financial reporting, tax planning and compliance, cash flow and insurance.
iRobot Receives Extended Revolving Credit Line
iRobot Corp. has entered into a new credit agreement with the Bank of America, increasing the amount of its unsecured revolving line of credit from $75 million to $150 million.
Tervis Names Fieber Chief Financial Officer
Tervis has named Hosana Fieber to the position of chief financial officer, effective immediately.
Bed Bath & Beyond Makes Senior Management Changes
Bed Bath & Beyond said it has made several key senior management appointments in connection with its ongoing business transformation, including a new president.