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Stock Market & Financial Investment News

News Breaks
February 27, 2013
16:41 EDTSTZ.B, HSNI, STZ, AEOConstellation Brands raises number on board to 11 members from 9 members
Constellation Brands (STZ, STZ.B) announced that its board increased the size of the board from nine to 11 members. In addition, the board elected Robert Hanson, CEO of American Eagle Outfitters (AEO), and Judy Schmeling, executive vice president and CFO of HSN (HSNI), effective immediately.
News For B;AEO;HSNI From The Last 14 Days
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June 24, 2015
09:11 EDTAEOAmerican Eagle says environment continues to be highly promotional
Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.
09:04 EDTAEOAmerican Eagle repeats Q2 EPS view 11c-14c, consensus 14c
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June 23, 2015
07:15 EDTAEOOppenheimer to hold a conference
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June 17, 2015
07:15 EDTHSNIHSN, Inc. proactively addressing challenging environment, says Brean Capital
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June 16, 2015
16:27 EDTHSNIHSN to consolidate two distribution centers, sees $4M-$5M charge
In a regulatory filing, HSN reported that, as part of the company's supply chain optimization initiative, it will be consolidating two of its distribution centers in 2016. HSNi plans to close the distribution center in Roanoke, VA and move its operations to its distribution center in Piney Flats, TN. The consolidation will involve the eventual elimination of approximately 350 positions at the Roanoke distribution center. HSNi expects the closure and consolidation efforts to occur in accordance with an eighteen month transition plan and be substantially completed by the end of 2016. HSNi expects to incur approximately $4M-$5M in total charges, almost all of which will result in future cash expenditures. These charges include approximately $3M-$4M in employee-related expenses, including retention incentives and severance payments. Other exit-related costs are expected to be approximately $1M. HSNi expects to record approximately $3M of the exit costs in 2Q15.

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