April 30, 2015

Gaining market share and geographic coverage are top priorities driving dealsRetail continues to rally for deals in 2015, and the sector could be on the cusp of another major year for mergers and acquisitions. Already this year, we’ve seen speculation about a number of potentially massive deals — from a possible buyout of Rite Aid by Walgreens Boots Alliance to the proposed merger between Staples and Office Depot. Looking across the industry, as part of BDO’s annual Retail Compass Survey of CFOs, we asked chief financial officers at leading U.S.

March 17, 2015

Retail CFOs expect U.S. consumers’ feverish appetite for online buying to continue its strong upward trajectory in 2015.

March 3, 2015

Expect another busy year of retail mergers and acquisitions, according to an annual survey of retail CFO’s by BDO USA.

February 17, 2015

Retail CFOs predict a 3.9% increase in total sales and a 3.7% increase in same-store sales in 2015, according to a new BDO USA survey.

February 9, 2015

Aeropostale Inc. on Monday narrowed its fourth-quarter loss forecast on better than expected sales, margins, and expense management in January, and announced two executive appointments.

February 2, 2015

Dick’s Sporting Goods Inc. has named CFO Andre J. Hawaux as executive VP, COO/CFO.

January 29, 2015

Sabrina Simmons has been elected to the board of directors of Williams-Sonoma Inc.

January 27, 2015

Walgreens Boots Alliance Inc. has named George Fairweather, formerly group finance director of Alliance Boots, as executive VP and global CFO, effective Feb. 20.

December 9, 2014

Nearly half of CFOs expect the U.S. economy to improve during the next six months and only 9% expect it to worsen, according to the Grant Thornton LLP 2014 Fall CFO Survey.

November 21, 2014

The Wet Seal announced that Thomas R. Hillebrandt will assume the role of interim CFO, effective December 1, 2014, concurrent with the previously announced resignation of Steven H. Benrubi, the company’s current CFO.

October 2, 2014

The Wet Seal announced today that its CFO, Steve Benrubi, has resigned.

September 26, 2014

With the retail CFO’s role evolving so quickly in the last few years, what changes will the future bring? Look for CFOs to be hired from outside the company, oversee more divisions and spend significant time overseas in an increasingly global retail world.

The finance function, of course, will continue to be critical, especially for public companies.

September 26, 2014

As the traditional CFO role expands beyond accounting and compliance to a more strategic role and partner to the CEO, the capabilities that future CFOs will need to bring to the table are also evolving. Today, according to recruiters, successful CFOs need strategic thinking, leadership and communications skills worthy of a national politician, along with experience in running a business.

September 26, 2014

Strategist, adviser, communicator, futurist: Retail chief financial officers have seen their role broaden so much in recent years that, in some cases, they have become virtual partners with the CEO. Once responsible primarily for financial stewardship, the CFO is embracing a growing number of additional roles encompassing strategic planning, technology and perhaps even a bit of crystal ball gazing. Some are even taking on COO functions.

One thing is certain: CFOs are not just number crunchers any more.

September 26, 2014

Strategist, adviser, communicator, futurist: Retail chief financial officers have seen their role broaden so much in recent years that, in some cases, they have become virtual partners with the CEO. Once responsible primarily for financial stewardship, the CFO is embracing a growing number of additional roles encompassing strategic planning, technology and perhaps even a bit of crystal ball gazing. Some are even taking on COO functions.

One thing is certain: CFOs are not just number crunchers any more.

September 26, 2014

Defining the scope of a CFO’s oversight is challenging because it’s still evolving. Besides the overarching responsibility of overseeing and reporting finances, the role now often includes strategic planning, technology and investor relations.

New areas of reporting, including corporate social responsibility and environmental performance, are also being added. And in some companies, the CFO is even charged with overseeing the push into global markets.

September 26, 2014

Broadening responsibilities at a business brings with it an exponential increase in worries. And retail is no exception. As CFOs have become more forward-looking and strategic, their concerns have grown beyond retail basics to also encompass such issues as growing competition, data security, regulatory affairs, global economic health and globalization.

September 16, 2014

Build-A-Bear Workshop announced the appointment of Voin Todorovic as the company’s new CFO, effective Sept. 15.

August 4, 2014

Panera Bread Company announced that Roger Matthews, executive VP and CFO, has resigned his position to pursue other opportunities.

August 1, 2014

Christopher & Banks Corporation announced that Peter G. Michielutti has been promoted to executive VP, COO and CFO, effective immediately.

July 24, 2014

Rite Aid Corporation announced that Darren Karst is joining Rite Aid as executive VP and CFO, effective Aug. 20.

July 21, 2014

Dirk Montgomery, executive VP and CFO of Ascena Retail Group Inc. since January 2013, has accepted a position with a healthcare-related company based in Florida.

July 1, 2014

Chain Store Age recently spoke with Alison Paul, vice chairman, Deloitte LLP and retail and distribution leader, about the expanding role of the CFO in retail organizations:

July 1, 2014

Chain Store Age recently spoke with Alison Paul, vice chairman, Deloitte LLP and retail and distribution leader, about the expanding role of the CFO in retail organizations: