Retail Executive Finance News

04/25/2013 - 10:37am
Safeway Q1 profit up

Safeway Inc. said it earned $118.9 million, in the first quarter ended March 23, up from $72.9 million a year earlier, helped by tax benefits.

04/25/2013 - 10:34am
Best Buy CEO compensation for five months on job put at $19.6 million

The CEO of Best Buy, Hubert Joly, earned compensation worth $19.6 million in his five months on the job in 2012, the Associated Press reported.

04/24/2013 - 4:54pm
Tractor Supply profit up in Q1; opening 100+ stores

Tractor Supply Co. reported that net income for the quarter ended March 30 rose to $44 million, compared with $40.3 million in the year-ago period.

04/24/2013 - 11:53am
Children's Place CFO adds COO title

The Children's Place said that current CFO Michael Scarpa has also been appointed COO, effective immediately.

04/24/2013 - 10:50am
Supervalu loss widens in Q4
Supervalu Inc., which recently divested 877 supermarkets in a $3.3 billion transaction, reported Wednesday a loss of $179 million in the fourth quarter, widened from $42 million in the year-ago period.
04/23/2013 - 10:56am
Coach tops estimates; Reed Krakoff to step down
Coach reported that its net income for three-month period ending on March 30 rose 6.2% to $238.9 million amid strong sales in North America, beating analysts’ expectations.
04/23/2013 - 10:51am
RadioShack’s Q1 loss widens; updating image and stores
RadioShack Corp. on Tuesday reported a bigger-than-expected first quarter loss on weak sales of wireless phone contracts.
04/23/2013 - 10:49am
Report: Wal-Mart CEO compensation rose 14% to $20.7 million in 2012
Wal-Mart Stores CEO Mike Duke received pay package in 2012 worth $20.7 million, up 14% from the previous year, according to an Associated Press analysis of a regulatory filing Monday. Duke's performance-based cash bonus jumped more than 50%.
04/22/2013 - 5:23pm
Walmart exceeds $1 billion in philanthropic giving
For the first time in the retailer’s history, Wal-Mart Stores Inc. said that, through Walmart and the Walmart Foundation, it has given more than $1 billion in cash and in-kind contributions.
04/22/2013 - 5:19pm
Former Office Depot COO charged with insider trading
A Monday report by Forbes said that former Office Depot COO Mark Begelman has been charged with profiting off confidential information.
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