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News Breaks
March 13, 2014
07:10 EDTLCUT, WMTLifetime Brands sees acquisitions to increase net income, EPS in FY14
Lifetime Brands (LCUT) said, "For FY14, we believe that an improving U.S. economy, together with a significant number of major new product initiatives, should provide for further growth in our kitchenware business. This month, we will introduce a large number of new products and ten new brands at The International Home Plus Housewares Show. In Europe, net sales of Creative Tops increased in the fourth quarter of FY13 over the same period in FY12, and we foresee continued improvement in FY14. In Asia, Lifetime has received a trading license in China and will become a supplier of kitchenware products to Wal-Mart (WMT) stores in China, beginning in 2H14. Our Partner Companies in Brazil, Canada and Mexico are well-positioned to improve their performance over the prior year. Lifetime QM will be fully implemented by mid-year and its impact should begin to be reflected in our financial results in 2H14. Lifetime’s growth in FY14 also should benefit from three acquisitions that we completed early in FY14. We believe our acquisitions have the potential to add approximately $100M in net sales and significantly to increase the company’s net income and EPS in FY14."
News For LCUT;WMT From The Last 14 Days
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February 4, 2016
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
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February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
February 1, 2016
08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
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