Hoffman Estates, Illinois

Claire's Stores Names Michael Schwindle As Chief Financial Officer

Retrieved on: 
Monday, March 9, 2020

HOFFMAN ESTATES, Ill., March 9, 2020 /PRNewswire/ --Claire's Stores, Inc. announced today that Michael Schwindle has been appointed as Executive Vice President, Chief Financial Officer effective March 2, 2020.

Key Points: 
  • HOFFMAN ESTATES, Ill., March 9, 2020 /PRNewswire/ --Claire's Stores, Inc. announced today that Michael Schwindle has been appointed as Executive Vice President, Chief Financial Officer effective March 2, 2020.
  • Mr. Schwindle brings over 30 years of experience, including 15 years as CFO, delivering results through profit improvement in growth environments.
  • Schwindle started his career at Deloitte & Touche LLP, and subsequently held both operational and financial leadership roles at Home Depot, Limited Brands, and The Longaberger Company.
  • Claire's Stores, Inc. is one of the world's leading specialty retailers of fashionable jewelry and accessories for ages 3 to 35.

U.S. Concrete Board of Directors Nominates Rajan C. Penkar to the Company's Board of Directors

Retrieved on: 
Thursday, March 5, 2020

Concrete" or the "Company") announced today that its Board of Directors ("Board") has nominated Rajan C. Penkar for election to join the Company's Board of Directors.

Key Points: 
  • Concrete" or the "Company") announced today that its Board of Directors ("Board") has nominated Rajan C. Penkar for election to join the Company's Board of Directors.
  • Concrete Lead Independent Director of the Board, Michael D. Lundin.
  • From 2011 to 2014, Mr. Penkar served as senior vice president and president, supply chain for Sears Holding Corporation, an integrated retailer.
  • Concrete has continued to grow organically and through a series of strategic acquisitions of independent producers in our target markets.

Can Experiences Save Retail?

Retrieved on: 
Thursday, March 5, 2020

Many find it easier to simply click a button and have their purchase come directly to the door.

Key Points: 
  • Many find it easier to simply click a button and have their purchase come directly to the door.
  • With the surge of retail shutdowns (most notably Sears), it can be easy to write off thein-store experience.
  • However, the U.S. Census data proves that "90% of consumers still shop in traditional stores."
  • New York is a pioneer for experimental retail as retail stores invest millions to attract tourists to their stores.

Kelly Services® Adds D. Hugo Malan to Senior Leadership Team; Named President of New STEM Business Unit

Retrieved on: 
Thursday, March 5, 2020

With approximately 20 years of wide-ranging business leadership experience, Malan brings a fresh perspective to Kelly as the company accelerates its transformation into a leading specialty talent solutions provider.

Key Points: 
  • With approximately 20 years of wide-ranging business leadership experience, Malan brings a fresh perspective to Kelly as the company accelerates its transformation into a leading specialty talent solutions provider.
  • Malan will have overall responsibility for Kellys Science, Engineering and IT business portfolios and related product offerings while driving strategy and seamless execution of all aspects of the STEM business.
  • We are thrilled to welcome to our team an executive of Hugo Malans caliber, Quigley said.
  • Before that, he was a Senior Vice President and President of operating units for Sears Holdings.

Sears Outlet, American Freight Combine to Create One-Stop-Shop for Your Home

Retrieved on: 
Thursday, February 27, 2020

The popular discount appliance store is combining with Ohio-based home furnishings retailer American Freight and rebranding all stores as American Freight Appliance, Furniture, Mattress.

Key Points: 
  • The popular discount appliance store is combining with Ohio-based home furnishings retailer American Freight and rebranding all stores as American Freight Appliance, Furniture, Mattress.
  • By bringing the two popular retail brands together under one brand, nearly 300 American Freight stores around the country will become the perfect one-stop-shop for furniture, mattresses and appliances.
  • Customers can find more information about the transition to the new American Freight Appliance, Furniture, Mattress at www.searsoutlet.com/rebrand and www.americanfreight.com/sears-outlet-rebrand .
  • American Freight offers flexible payment options including free layaway and take it home today for $50 with low, easy payment plans through American First Finance (see www.americanfreight.com/50 for details).

Franchise Group, Inc. Closes on the Acquisition of American Freight Group, Inc.

Retrieved on: 
Friday, February 14, 2020

VIRGINIA BEACH, Va., Feb. 14, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company), today announced the completion of its previously announced acquisition of American Freight Group, Inc. (American Freight), a retail chain offering brand-name furniture, mattresses and home accessories at discount prices.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 14, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company), today announced the completion of its previously announced acquisition of American Freight Group, Inc. (American Freight), a retail chain offering brand-name furniture, mattresses and home accessories at discount prices.
  • Additionally, Franchise Group, through certain of its subsidiaries, completed a new $675 million credit facility which funded the acquisition of American Freight and refinanced existing debt of its Buddys Home Furnishings and Sears Outlet businesses.
  • Brian Kahn, President & CEO of Franchise Group said, We are excited to welcome American Freight, its management team and employees to the Franchise Group.
  • Franchise Groups business lines include Liberty Tax Service, Buddys Home Furnishings, Sears Outlet, American Freight and The Vitamin Shoppe.

Seritage Growth Properties Announces Fourth Quarter 2019 Earnings Release Date

Retrieved on: 
Monday, February 10, 2020

Seritage Growth Properties (NYSE:SRG) announced today that it will release its fourth quarter 2019 financial and operating results in a press release on Thursday, February 27, 2020, after the market close.

Key Points: 
  • Seritage Growth Properties (NYSE:SRG) announced today that it will release its fourth quarter 2019 financial and operating results in a press release on Thursday, February 27, 2020, after the market close.
  • Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 184 wholly-owned properties and 28 joint venture properties totaling approximately 33.4 million square feet of space across 44 states and Puerto Rico.
  • The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.
  • The Companys mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.

CDK Global to Announce Second Quarter Fiscal 2020 Financial Results on February 4, 2020

Retrieved on: 
Thursday, January 16, 2020

HOFFMAN ESTATES, Ill., Jan. 16, 2020 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) is scheduled to release its financial results for the fiscal second quarter ended December 31, 2019 after the closing of the Nasdaq market on Tuesday, February 4, 2020.

Key Points: 
  • HOFFMAN ESTATES, Ill., Jan. 16, 2020 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) is scheduled to release its financial results for the fiscal second quarter ended December 31, 2019 after the closing of the Nasdaq market on Tuesday, February 4, 2020.
  • CDK will also be hosting a conference call at 4:00 p.m. CT on February 4, 2020 to discuss the results for the fiscal quarter.
  • The slide presentation will be available approximately 30 minutes before the webcast on the CDK Investor Relations home page.
  • A replay of the webcast will be available on the Events & Presentations section of the CDK Investor Relations home page.

SleepScore Labs and Serta Simmons Bedding Partner to Put Consumers at the Center of Mattress Innovation

Retrieved on: 
Monday, January 6, 2020
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200106005719/en/
    SleepScore Labs and Serta Simmons Bedding Partner to Put Consumers at the Center of Mattress Innovation (Photo: Business Wire)
    SleepScore Labs and SSB partnered to put consumers at the center of mattress research and development.
  • Throughout this sleep study, SleepScore Labs utilized SleepScore technology powered by ResMed to track and analyze non-contact measurements from participants sleep.
  • Were thrilled to partner with Serta Simmons Bedding on future studies to bring this type of research into their future product development.
  • With our proprietary technology and research services, we delivered the objective sleep measurement that Serta Simmons Bedding was looking for.

Advance Auto Parts Announces Purchase of the DieHard Brand from Transformco

Retrieved on: 
Monday, December 23, 2019

Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (Transformco), for $200 million utilizing cash on hand.

Key Points: 
  • Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (Transformco), for $200 million utilizing cash on hand.
  • In addition, the deal allows Transformco to sell DieHard brand batteries through its existing channels pursuant to a supply agreement with Advance.
  • Advance is also granting Transformco an exclusive royalty-free, perpetual license to develop, market, and sell DieHard branded products in non-automotive categories.
  • DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category, said Tom Greco, president and CEO, Advance Auto Parts.