The salon chain operator said it is implementing a “new capital allocation policy” as it attempts to turn itself around, and it determined that paying dividends is “not the best use of excess capital.”
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The women’s clothing retailer saw profits jump 140 percent during the third quarter, and its stock has risen 120 percent since it named a new CEO.
3M and Target both made four of Fortune’s high-profile annual lists, earning them spots on the magazine’s 2013 best-of compilation.
The facility's owners hope that a new Timberwolves and Lynx training facility will bring “cachet” to the long-troubled property.
The retail giant’s third-quarter earnings were held back largely by weaker-than-expected results from its expansion into Canada.
SpartanNash—which was formed through the merger of Nash Finch and Spartan Stores—selected Michigan for its headquarters due to financial incentives, a “positive business climate,” and “a more favorable tax environment.”
The electronics retailer’s stock is up 235 percent this year but fell Tuesday after the company announced that it expects lower margins due to increased promotional costs.
ValueVision denied investor Clinton Group’s request for a special meeting in January and has instead scheduled the meeting, one at which shareholders may vote on Clinton’s proposals, for March.
The merger of Nash Finch and Spartan Stores created SpartanNash Company, although the former brand names will continue to be used in their respective markets.
The Shakopee company saw a jump in food and beverage sales but a decrease in card casino sales, which it attributed in part to significant road construction in the area.
Owner/President, The LaClare Group, Inc.
An estimated 150 Xbox One consoles were reportedly shipped to customers over the weekend, ahead of its official November 22 launch date.
The retailer is closing locations in Florida, Georgia, Arizona, and California based on an analysis of their specific financial performances.
Caribou Coffee is joining forces with Faribault Woolen Mill Company, to sell a line of joint merchandise; it is also opening two new co-branded locations in the Twin Cities with Bruegger’s Bagels.
ValueVision asked activist investor Clinton Group to postpone a special meeting until after the holidays; Clinton said it would wait until January, but it won't withdraw its filing, because that might allow ValueVision to push the date back even further.
The hair salon operator said its quarterly financial results were negatively affected by investments that are key to its turnaround strategy.
The company now believes its U.S. sales will rise 3 percent to 4 percent a year through 2017, although it still expects to generate $8 a share in profit that year.
An investor group says ValueVision is underperforming and needs a new chief executive; the company, meanwhile, pointed to its climbing stock price as indicative of a successful turnaround strategy.