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The TJX Companies, Inc. Reports Q1 FY25 Results; Comp Store Sales Growth of 3% at High-End of Plan; Pretax Profit Margin of 11.1% and Diluted EPS Increase of 22% Both Well Above Plan; Raises FY25 Pretax Profit Margin and EPS Guidance

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Mercoledì, Maggio 22, 2024

2Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency Exchange Rates, below.

Key Points:

2Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency Exchange Rates, below.
For the first quarter of Fiscal 2025, the Company’s pretax profit margin was 11.1%, up 0.8 percentage points versus last year’s first quarter pretax profit margin of 10.3%.
Net interest income benefitted first quarter Fiscal 2025 pretax profit margin by 0.1 percentage point versus the prior year.
For the full year Fiscal 2025, the Company continues to plan consolidated comparable store sales to be up 2% to 3%.

Rally House Expands Footprint in Toledo and Cleveland

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Venerdì, Marzo 29, 2024

Toledo Rockets, HomeGoods, Nike, Cleveland Cavaliers, Marketing, Bobcat

CLEVELAND and TOLEDO, Ohio, March 29, 2024 /PRNewswire/ -- Rally House, the officially licensed sports and merchandise retailer and one of the fastest growing retailers in the nation, announces the openings of Rally House Spring Meadows, west of Toledo, and Rally House Marketplace at Four Corners, just south of Cleveland.

Key Points:

CLEVELAND and TOLEDO, Ohio, March 29, 2024 /PRNewswire/ -- Rally House, the officially licensed sports and merchandise retailer and one of the fastest growing retailers in the nation, announces the openings of Rally House Spring Meadows, west of Toledo, and Rally House Marketplace at Four Corners, just south of Cleveland.
Find Rally House at Four Corners in Chagrin Falls, in Four Corners Shopping Center next to Home Goods.
Rally House has opened numerous storefronts throughout Ohio recently, including new key markets such as Toledo and Columbus, alongside established markets of Cincinnati, Cleveland, and Dayton.
Customers can rely on Rally House Spring Meadows and Rally House at Four Corners for top-tier products from the industry's most respected brand names, such as, New Era, Nike, '47, Antigua, and many more.

Capstone Partners Reports: Consumer M&A Market Prepares for a Rebound in 2024

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Mercoledì, Marzo 20, 2024

BOSTON, March 20, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its 2023 Annual Consumer M&A Report, which shares insights into public market valuations, the macroeconomic climate, merger and acquisition (M&A) activity, and an outlook for 2024 industry activity.

Key Points:

BOSTON, March 20, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its 2023 Annual Consumer M&A Report, which shares insights into public market valuations, the macroeconomic climate, merger and acquisition (M&A) activity, and an outlook for 2024 industry activity.
Consumers demonstrated a willingness and capacity to spend on goods and services throughout the year, while market participants continued to miss the mark on when consumer savings would be depleted.
Also included in this report:
How M&A volumes and public market valuations in the Consumer industry fared in 2023.
What trends are driving M&A activity across the Consumer industry and a breakdown of each of the 12 highlighted sectors.

The TJX Companies, Inc. Reports Q4 and Full Year FY24 Results; Q4 Comp Store Sales Growth of 5%, Pretax Profit Margin, and Diluted EPS All Above Plan; Expects to Increase Dividend by 13% and Buy Back $2.0 to $2.5 Billion of Stock in FY25

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Mercoledì, Febbraio 28, 2024

Fashion, Footwear, Retail, Discount, Variety, Department Stores, Specialty, TJX, Total, TJX Companies, Growth, Calendar, Translation, HomeGoods, TK Maxx, Movement, Fiscal, HomeSense

Net sales for fourth quarter and full year Fiscal 2024 are for the 14-week and 53-week period ended February 3, 2024.

Key Points:

Net sales for fourth quarter and full year Fiscal 2024 are for the 14-week and 53-week period ended February 3, 2024.
This was above the Company’s plan due to a higher merchandise margin as well as expense leverage on the above-plan sales.
The higher merchandise margin includes a larger-than-expected benefit from lower inventory shrink expense, lower freight costs, lower markdowns, and better markon.
Net interest income benefitted fourth quarter Fiscal 2024 pretax profit margin by 0.1 percentage point versus the prior year.

Vestar Reports Strong Results for 2023

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Giovedì, Febbraio 15, 2024

Sustainability, School, Tempe Marketplace, Partnership, Desert Ridge Marketplace, Growth, ASU, Comparable, Safeway, Queen Creek, Arizona, HomeGoods, Target, Tourism

PHOENIX, Feb. 15, 2024 /PRNewswire/ -- Vestar, one of the leading privately held shopping center owners and operators in the Western United States, experienced a landmark year in 2023.

Key Points:

PHOENIX, Feb. 15, 2024 /PRNewswire/ -- Vestar, one of the leading privately held shopping center owners and operators in the Western United States, experienced a landmark year in 2023.
Furthermore, Vestar's community efforts attracted new customers in 2023, hosting approximately 2,000 events across its 40+ properties in 7 states.
Vestar demonstrated its commitment to giving back to the community through more than 100 charity partnerships that were secured in 2023.
For more about Vestar and the company's growing portfolio of retail and entertainment destinations, visit Vestar.com .

Recharge Releases "2023 in Review: The Year of the Routine" Insights Report

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Martedì, Febbraio 6, 2024

COVID-19, MRR, Marketing, DTC, Churn, Subscription business model, HomeGoods, Emotion, LTV, Pet, SVP, AOV, Personal care, Beauty

SANTA MONICA, Calif., Feb. 6, 2024 /PRNewswire/ -- Recharge, the #1 subscription platform, today announced the release of its report "2023 in Review: The Year of the Routine." Report findings show that as subscription commerce continues to grow, the brands seeing the greatest success are the ones that embed themselves into customers' daily lives. Subscribers and brands continue to crave ways to build and maintain relationships, not just through subscriptions but through a holistic retention strategy.

Key Points:

Report findings show that as subscription commerce continues to grow, the brands seeing the greatest success are the ones that embed themselves into customers' daily lives.
Subscribers and brands continue to crave ways to build and maintain relationships, not just through subscriptions but through a holistic retention strategy.
"Our whole business strategy is predicated on the idea that brands' long-term relationships with existing customers are critical to overall success," said Oisin O'Connor, Recharge co-founder and CEO.
At Recharge, we've worked to find ways to make the subscriber journey even more seamless, and to help merchants create opportunities to deepen and expand those relationships."

BrandSpark International announces its 16th annual 2024 Best New Product Awards winners, honoring the Best New Food, Beverage, Beauty, Health, Personal Care, Household Care, Home Goods and Footwear products, based on a nationwide survey of American consum

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Lunedì, Febbraio 5, 2024

Diamond, ALDI, Attention, Vitamin, Lacticaseibacillus rhamnosus, Family, Taste, HomeGoods, Research, Foodservice, Wine, Habit, Snack, Probiotic, Carbon, Nectar, Friends, Love, Skin, Social media, Tide, Dole, Lactose intolerance, Mouth, Calcium, ROI, Woman

NEW YORK, Feb. 5, 2024 /PRNewswire/ - BrandSpark International and Newsweek have just announced the winners of the 16th annual 2024 Best New Product Awards ("BNPA"), America's most credible new product awards program.

Key Points:

NEW YORK, Feb. 5, 2024 /PRNewswire/ - BrandSpark International and Newsweek have just announced the winners of the 16th annual 2024 Best New Product Awards ("BNPA"), America's most credible new product awards program.
The winners are 100% consumer-voted and were determined based on real shoppers who purchased these winning products.
says Kim Diamond, Vice President of the Best New Product Awards.
In Personal Care & Beauty, 2 in 3 believe that ongoing research & development is continually leading to better products.

1,000 Dreams Fund's MentorHER Initiative Returns for Year 5 with Mentoring and New Microgrant Awards from Ongoing Title Sponsor Colgate-Palmolive

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Martedì, Gennaio 9, 2024

Renewing its multi-year commitment to the program, Colgate-Palmolive Company returns as the Title Sponsor of the program.

Key Points:

Renewing its multi-year commitment to the program, Colgate-Palmolive Company returns as the Title Sponsor of the program.
MentorHER was created to easily connect busy professionals with underserved students to create mentoring relationships that lead to success in school and beyond.
We are grateful for 1,000 Dreams Fund's efforts to support women around the globe through valuable mentoring that benefits everyone."
Individual professionals with an interest in helping the next generation of female leaders are also encouraged to participate as well.

The TJX Companies, Inc. Reports Above Plan Q3 FY24 Comp Store Sales Growth of 6%, Pretax Profit Margin of 12.0%, and Diluted Earnings Per Share of $1.03; Increases FY24 Comp Store Sales and Earnings Per Share Guidance

Retrieved on:

Mercoledì, Novembre 15, 2023

Home Goods, Retail, Discount, Variety, HomeSense, Calendar, Movement, TK Maxx, Translation, Total, TJX Companies, Growth, TJ Maxx, TJX, Fiscal, HomeGoods, Life insurance, Financial services, Security (finance)

3Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency Exchange Rates, below.

Key Points:

3Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency Exchange Rates, below.
For the third quarter of Fiscal 2024, the Company’s pretax profit margin was 12.0%, above the Company’s plan and 0.8 percentage points above last year’s third quarter pretax profit margin of 11.2%.
The Company expects this unplanned benefit from the timing of expenses will reverse out in the fourth quarter of Fiscal 2024.
Net interest income benefitted third quarter Fiscal 2024 pretax profit margin by 0.3 percentage points versus the prior year.

St. Jude Thanks and Giving campaign celebrates 20th anniversary

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Lunedì, Novembre 13, 2023

The St. Jude Thanks and Giving ® campaign is celebrating 20 years of bringing together celebrities, businesses and consumers to support St. Jude Children’s Research Hospital ®.

Key Points:

The St. Jude Thanks and Giving ® campaign is celebrating 20 years of bringing together celebrities, businesses and consumers to support St. Jude Children’s Research Hospital ®.
Some ways to support the campaign include:
Best Buy customers can donate to St. Jude via online, in-store and mobile ordering.
Visit St. Jude Inspire to discover powerful St. Jude stories of hope, strength, love and kindness.
Support the St. Jude mission by donating at stjude.org , liking St. Jude on Facebook , following St. Jude on Twitter , Instagram , LinkedIn and TikTok , and subscribing to its YouTube channel.