Sears Holdings

Lands’ End Announces $50 Million Share Repurchase Authorization

Retrieved on: 
Tuesday, June 28, 2022

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Companys plans regarding the Boards share repurchase authorization, the Companys prospects for refinancing its existing debt, the Companys confidence in the strength of its business model, the Companys assessment of its long-term growth prospects, and the Companys prospects for driving long-term value for its stockholders.

Key Points: 
  • This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Companys plans regarding the Boards share repurchase authorization, the Companys prospects for refinancing its existing debt, the Companys confidence in the strength of its business model, the Companys assessment of its long-term growth prospects, and the Companys prospects for driving long-term value for its stockholders.
  • The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the stock repurchase program may not be executed to the full extent within its duration, due to business or market conditions; global supply chain challenges have resulted in a significant increase in inbound transportation costs and delays in receiving product; further disruption in the Companys supply chain, including with respect to its distribution centers, third-party manufacturing partners and logistics partners, caused by limits in freight capacity, increases in transportation costs, port congestion, other logistics constraints, and closure of certain manufacturing facilities and production lines due to COVID-19 and other global economic conditions; the impact of global economic conditions, including inflation, on consumer discretionary spending; the impact of COVID-19 on operations, customer demand and the Companys supply chain, as well as its consolidated results of operation, financial position and cash flows; the Company may be unable to refinance its existing debt on commercially acceptable terms or at all, due to, in addition to other factors, the condition of the lending and debt markets; the Company may be unsuccessful in implementing its strategic initiatives, or its initiatives may not have their desired impact on its business; the Companys ability to offer merchandise and services that customers want to purchase; changes in customer preference from the Companys branded merchandise; the Companys results may be materially impacted if tariffs on imports to the United States increase and it is unable to offset the increased costs from current or future tariffs through pricing negotiations with its vendor base, moving production out of countries impacted by the tariffs, passing through a portion of the cost increases to the customer, or other savings opportunities; customers use of the Companys digital platform, including customer acceptance of its efforts to enhance its eCommerce websites, including the Outfitters website; customer response to the Companys marketing efforts across all types of media; the Companys maintenance of a robust customer list; the Companys retail store strategy may be unsuccessful; the Companys relationship with Kohls may not develop as planned or have its desired impact; the Companys dependence on information technology and a failure of information technology systems, including with respect to its eCommerce operations, or an inability to upgrade or adapt its systems; fluctuations and increases in costs of raw materials as well as fluctuations in other production and distribution-related costs; impairment of the Companys relationships with its vendors; the Companys failure to maintain the security of customer, employee or company information; the Companys failure to compete effectively in the apparel industry; legal, regulatory, economic and political risks associated with international trade and those markets in which the Company conducts business and sources its merchandise; the Companys failure to protect or preserve the image of its brands and its intellectual property rights; increases in postage, paper and printing costs; failure by third parties who provide the Company with services in connection with certain aspects of its business to perform their obligations; the Companys failure to timely and effectively obtain shipments of products from its vendors and deliver merchandise to its customers; reliance on promotions and markdowns to encourage customer purchases; the Companys failure to efficiently manage inventory levels; unseasonal or severe weather conditions; the adverse effect on the Companys reputation if its independent vendors do not use ethical business practices or comply with applicable laws and regulations; assessments for additional state taxes; incurrence of charges due to impairment of goodwill, other intangible assets and long-lived assets; the impact on the Companys business of adverse worldwide economic and market conditions, including inflation and other economic factors that negatively impact consumer spending on discretionary items; potential indemnification liabilities to Sears Holdings pursuant to the separation and distribution agreement in connection with the Companys separation from Sears Holdings; the ability of the Companys principal stockholders to exert substantial influence over the Company; potential liabilities under fraudulent conveyance and transfer laws and legal capital requirements; and other risks, uncertainties and factors discussed in the Risk Factors section of the Companys Annual Report on Form 10-K for the fiscal year ended January 28, 2022.
  • The Company intends the forward-looking statements to speak only as of the time made and does not undertake to update or revise them as more information becomes available, except as required by law.

Zeta Appoints Williams-Sonoma Executive, Jeanine Barnett Silberblatt, to Board of Directors

Retrieved on: 
Wednesday, June 15, 2022

Zeta Global (NYSE:ZETA), a cloud-based marketing technology company that empowers enterprises to acquire, grow, and retain customers more efficiently, today announced that it has appointed Williams-Sonoma executive, Jeanine Barnett Silberblatt, to the Zeta Board of Directors as a Class II director.

Key Points: 
  • Zeta Global (NYSE:ZETA), a cloud-based marketing technology company that empowers enterprises to acquire, grow, and retain customers more efficiently, today announced that it has appointed Williams-Sonoma executive, Jeanine Barnett Silberblatt, to the Zeta Board of Directors as a Class II director.
  • The addition of Silberblatt expands Zetas board and enhances the Companys governance as it enters its second year listed on the NYSE.
  • View the full release here: https://www.businesswire.com/news/home/20220615005300/en/
    Jeanine Barnett Silberblatt joins Zeta's Board of Directors.
  • On behalf of Zeta, I am thrilled to welcome Jeanine to our Board of Directors, said David A. Steinberg, Zetas Co-Founder, Chairman, and CEO.

Lands’ End Announces First Quarter Fiscal 2022 Results

Retrieved on: 
Thursday, June 2, 2022

DODGEVILLE, Wis., June 02, 2022 (GLOBE NEWSWIRE) -- Lands End, Inc. (NASDAQ: LE) today announced financial results for the first quarter ended April 29, 2022.

Key Points: 
  • DODGEVILLE, Wis., June 02, 2022 (GLOBE NEWSWIRE) -- Lands End, Inc. (NASDAQ: LE) today announced financial results for the first quarter ended April 29, 2022.
  • For the first quarter, net revenue decreased 5.5% to $303.7 million compared to $321.3 million in the first quarter of fiscal 2021.
  • Gross margin decreased approximately 350 basis points to 42.5%, compared to 46.0% in first quarter of fiscal 2021.
  • For the second quarter of fiscal 2022 the Company expects:
    Net revenue to be between $335.0 million and $350.0 million.

Seritage Growth Properties Signs 123,000 Square Foot Lease with Amazon at The Collection at UTC

Retrieved on: 
Tuesday, May 3, 2022

The Collection at UTC is a premier mixed-use project comprising approximately 13 acres and 212,000 square feet of Class A office, retail and restaurant space.

Key Points: 
  • The Collection at UTC is a premier mixed-use project comprising approximately 13 acres and 212,000 square feet of Class A office, retail and restaurant space.
  • The Collection represents a reimagining of former department store space into a dynamic array of uses and experiences that will define 21st century work and leisure.
  • Amazons commitment to The Collection is a testament to the quality of the asset and its exceptional location.
  • Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States.

Seritage Growth Properties Appoints Three New Members to Its Board of Trustees

Retrieved on: 
Thursday, April 28, 2022

Seritage Growth Properties (NYSE:SRG) (the Company or Seritage), a national owner and developer of 170 residential, retail and mixed-use properties, today announced the appointment of Talya Nevo-Hacohen, Mitchell Sabshon and Mark Wilsmann to its Board of Trustees, effective immediately.

Key Points: 
  • Seritage Growth Properties (NYSE:SRG) (the Company or Seritage), a national owner and developer of 170 residential, retail and mixed-use properties, today announced the appointment of Talya Nevo-Hacohen, Mitchell Sabshon and Mark Wilsmann to its Board of Trustees, effective immediately.
  • Talya, Mitchell and Mark are accomplished real estate professionals, and we are excited to welcome them to the Seritage Board, said Andrea Olshan, Chief Executive Officer of Seritage Growth Properties.
  • Seritage also announced that Trustees David Fawer and Thomas Steinberg have resigned from the Seritage Board, effective upon Ms. Nevo-Hacohens, Mr. Sabshons and Mr. Wilsmanns appointments.
  • Following these changes, the Seritage Board now comprises eight members, seven of whom are independent.

Marketer with over 20 years of experience selected to head up marketing at Predictive Oncology

Retrieved on: 
Tuesday, April 26, 2022

EAGAN, Minn., April 26, 2022 (GLOBE NEWSWIRE) -- Predictive Oncology(NASDAQ: POAI) today announced that Theresa Ferguson has been named Senior Director of Marketing.

Key Points: 
  • EAGAN, Minn., April 26, 2022 (GLOBE NEWSWIRE) -- Predictive Oncology(NASDAQ: POAI) today announced that Theresa Ferguson has been named Senior Director of Marketing.
  • As Predictive Oncologys senior marketing leader, Ferguson steps in as the company begins commercialization of its knowledge-driven technologies, applying artificial intelligence (AI) to develop personalized cancer therapies and improve patient outcomes.
  • Theresa brings the drive, strategic marketing insights and entrepreneurial spirit we need to help elevate and propel our business growth forward.
  • Ferguson brings a diverse background of marketing, public relations and brand strategy experience that spans across agencies, corporations and nonprofits in both business-to-business and business-to-consumer settings.

DaVita Announces Jason M. Hollar to Join its Board of Directors

Retrieved on: 
Thursday, April 7, 2022

announced today that its board of directors appointed a new independent director, Jason M. Hollar, to join the board, effective May 6, 2022.

Key Points: 
  • announced today that its board of directors appointed a new independent director, Jason M. Hollar, to join the board, effective May 6, 2022.
  • Mr. Hollar brings more than 25 years of financial experience spanning the health care, transportation, manufacturing and retail sectors to the board.
  • "We're excited to welcome Jason to our board," said Pamela Arway, independent chair of the DaVita Inc. board of directors.
  • With the addition of Mr. Hollar, the DaVita board comprises 10 highly qualified directors, with 30% racial/ethnic and 40% gender diversity.

Seritage Growth Properties Announces Termination of REIT Election

Retrieved on: 
Thursday, March 31, 2022

Seritage Growth Properties (NYSE: SRG) (the Company), a national owner and developer of 162 retail, residential and mixed-use properties, today announced that its Board of Trustees has approved a plan to terminate its election to be treated as a Real Estate Investment Trust (REIT) for tax purposes and to convert the Company to a C corporation.

Key Points: 
  • Seritage Growth Properties (NYSE: SRG) (the Company), a national owner and developer of 162 retail, residential and mixed-use properties, today announced that its Board of Trustees has approved a plan to terminate its election to be treated as a Real Estate Investment Trust (REIT) for tax purposes and to convert the Company to a C corporation.
  • The termination of the REIT election will be retroactively effective as of January 1, 2022.
  • Previously, Mr. Metz served as Chief Executive Officer of General Growth Properties (GGP), where he led GGP through its restructuring and emergence from bankruptcy.
  • Seritage is principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified and mixed-use properties throughout the United States.

CarLotz Announces CEO Transition

Retrieved on: 
Tuesday, March 15, 2022

Lev brings to CarLotz an exceptional blend of senior executive leadership experience, proven industry capabilities in online retail and a track record of shareholder value creation, said Luis Solorzano, Chairman of the Board for CarLotz.

Key Points: 
  • Lev brings to CarLotz an exceptional blend of senior executive leadership experience, proven industry capabilities in online retail and a track record of shareholder value creation, said Luis Solorzano, Chairman of the Board for CarLotz.
  • We believe that Lev will be instrumental in helping to strengthen and grow the business and that under his leadership, CarLotz will be positioned for long-term success.
  • Mr. Peker joins CarLotz after serving as Chief Executive Officer at CarParts.com, a leading e-commerce provider of automotive parts and accessories.
  • I am excited for the opportunity to lead CarLotz into a new era of growth and innovation, said Mr. Peker.

Seritage Growth Properties Announces Comprehensive Review of Strategic Alternatives

Retrieved on: 
Tuesday, March 1, 2022

Seritage Growth Properties (NYSE:SRG) (the Company or Seritage), a national owner and developer of 170 residential, retail and mixed-use properties, today announced that its Board of Trustees has commenced a process to review a broad range of strategic alternatives to enhance shareholder value.

Key Points: 
  • Seritage Growth Properties (NYSE:SRG) (the Company or Seritage), a national owner and developer of 170 residential, retail and mixed-use properties, today announced that its Board of Trustees has commenced a process to review a broad range of strategic alternatives to enhance shareholder value.
  • There can be no assurance that the review process will result in any transaction or any strategic change at this time.
  • Mr. Lampert continued, I encourage and support the Boards efforts to explore and pursue strategic alternatives to enhance shareholder value.
  • Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States.