Factory Card CFO Departs
Naperville, Ill., Factory Card & Party Outlet Corp. said its executive VP, CFO and chief administrative officer James D. Constantine is leaving the company to pursue other interests.
The retailer also announced the promotion of controller Jarett A. Misch to VP, controller and chief accounting officer, and the promotion of treasurer Timothy J. Benson to VP and treasurer.
GameStop Has Tough 3Q
Grapevine, Texas, GameStop Corp. reported a net loss of $2.5 million in the third quarter, which includes $18.8 million in expenses related to the retailer’s merger with Electronics Boutique. That compares with net earnings of $12.1 million in the year-ago period.
Sales for the third quarter grew 28.2% to $534.2 million despite a 12% decline in same-store sales.