Hoffman Estates, Illinois

Franchise Group, Inc. to Acquire Revolution Financial, Inc.

Retrieved on: 
Tuesday, December 17, 2019
Companies, Hoffman Estates, Illinois, Retailing, Retailers, Franchises, Liberty Tax Service, Sears, NASDAQ, GlobeNewswire, The Vitamin Shoppe, Franchising

VIRGINIA BEACH, Va., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company), today announced it has entered into a definitive purchase agreement to acquire Revolution Financial, Inc. (Revolution), a provider of consumer loans and credit products.

Key Points: 
  • VIRGINIA BEACH, Va., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company), today announced it has entered into a definitive purchase agreement to acquire Revolution Financial, Inc. (Revolution), a provider of consumer loans and credit products.
  • The acquisition of Revolution is intended to accelerate the introduction of additional financial products and services to Liberty Tax customers.
  • Franchise Group, Inc. (NASDAQ: FRG) is an operator of franchised and franchisable businesses that it grows using its operating expertise.
  • Franchise Group owns and operates Liberty Tax Service, Buddys Home Furnishings, Sears Outlet and The Vitamin Shoppe.

Penn National Insurance Executive Leadership Succession Announced: President & CEO Christine Sears Retiring; Exec. VP & COO Robert Brandon Elected President; John Foster Named Senior VP – Insurance Operations

Retrieved on: 
Friday, December 13, 2019
Finance, Professional services, Commercial Building & Real Estate, Construction & Property, Insurance, Business, Articles, Economy, Hoffman Estates, Illinois, Sears, Chief financial officer, Chief operating officer, Chief executive officer, Vice president

Penn National Insurance reported today that president & CEO Christine Sears will transition on Jan. 1 from president & CEO to CEO, and executive VP & COO Robert B. Brandon will become president on that date.

Key Points: 
  • Penn National Insurance reported today that president & CEO Christine Sears will transition on Jan. 1 from president & CEO to CEO, and executive VP & COO Robert B. Brandon will become president on that date.
  • Upon Sears Aug. 31 retirement, Brandon will become president & CEO, and Sears will remain on the companys board of directors.
  • Sears joined Penn National Insurance in 1980 as a financial analyst and progressed through the Financial Division, becoming senior VP & CFO in 1999.
  • Also effective Jan. 1, John Foster, vice president Underwriting Operations, has been named senior VP Insurance Operations, with the following areas reporting to him:

Coolest Kicks: Serta and DJ Clark Kent Turn the New iComfort Mattress into a Limited-Edition Sneaker

Retrieved on: 
Wednesday, December 4, 2019
Fashion, Online Retail, Retail, Consumer, Home Goods, Women, MEN, Franchises, Bedding, Hoffman Estates, Illinois, Serta, Mattress, Consumer goods, Sneakers, Fashion, Clothing

Designed in collaboration with DJ Clark Kent, the iC1 is the first sneaker that allows you to experience an iComfort by Serta mattress without ever lying down.

Key Points: 
  • Designed in collaboration with DJ Clark Kent, the iC1 is the first sneaker that allows you to experience an iComfort by Serta mattress without ever lying down.
  • View the full release here: https://www.businesswire.com/news/home/20191204005195/en/
    Coolest Kicks: Serta and DJ Clark Kent Turn the New iComfort Mattress into a Limited-Edition Sneaker (Photo: Business Wire)
    The limited-edition sneaker is officially the coolest sneaker available made with the same technology found in an iComfort by Serta mattress, including carbon fiber, engineered to work hard at absorbing excess heat and channel it away.
  • The shoe features a foam insole that makes you feel like youre walking on a cloud... or an iComfort by Serta mattress.
  • The new iComfort by Serta mattress line features the coolest iComfort ever and is currently available at retailers nationwide starting at $1,199.

Franchise Group, Inc. Announces Approval of a Quarterly Dividend

Retrieved on: 
Monday, November 25, 2019
Hoffman Estates, Illinois, Retailing, Companies, Retailers, Dividend, Shareholders, Sears, NASDAQ, GlobeNewswire

VIRGINIA BEACH, Va., Nov. 25, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company) today announced that its Board of Directors approved a quarterly dividend to stockholders of $0.25 per share.

Key Points: 
  • VIRGINIA BEACH, Va., Nov. 25, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (Franchise Group or the Company) today announced that its Board of Directors approved a quarterly dividend to stockholders of $0.25 per share.
  • The initiation of a quarterly dividend is consistent with Franchise Groups stated objective of regularly distributing a material portion of its excess cash flow, said Brian Kahn, the Companys Chief Executive Officer.
  • Franchise Group, Inc. (NASDAQ: FRG) is an operator and acquiror of franchised and franchisable businesses that it can scale using its operating expertise.
  • Franchise Group owns and operates Liberty Tax Service, Buddys Home Furnishings and the Sears Outlet business.

Kenmore Microwave Ovens Recalled Due to Burn Hazard; Made by Guangdong Galanz; Sold Exclusively at Sears and Sears Hometown and Outlet Stores

Retrieved on: 
Thursday, November 14, 2019
Hoffman Estates, Illinois, Sears Holdings, Companies, Retailing, Software, Sears Canada, Sears, Facebook

Sold At: Exclusively at Sears and Sears Hometown and Outlet Stores nationwide from May 2017 through July 2018 for about $350.

Key Points: 
  • Sold At: Exclusively at Sears and Sears Hometown and Outlet Stores nationwide from May 2017 through July 2018 for about $350.
  • Deaths, injuries, and property damage from consumer product incidents cost the nation more than $1 trillion annually.
  • CPSC is committed to protecting consumers and families from products that pose a fire, electrical, chemical or mechanical hazard.
  • For more lifesaving information, follow us on Facebook , Instagram @USCPSC and Twitter @USCPSC or sign up to receive our e-mail alerts.

Franchise Group, Inc. Announces Completion of Its Tender Offer

Retrieved on: 
Thursday, November 14, 2019
Hoffman Estates, Illinois, Corporate finance, Retailing, Sears Hometown and Outlet Stores, Tender, Sears, Retailers

The tender offer expired at 5:00 P.M., Eastern Time, on November 13, 2019.

Key Points: 
  • The tender offer expired at 5:00 P.M., Eastern Time, on November 13, 2019.
  • Based on the final count by Equiniti Trust Company, the Depositary Agent for the tender offer (the Depositary Agent), the total number of Shares tendered in the tender offer was 3,970,938, including 163,779 shares tendered pursuant to the guaranteed delivery procedure described in the tender offer documents, for an aggregate purchase price of approximately $47.6 million.
  • Franchise Group, Inc. (OTC PINK: FRGA) is an operator and acquiror of franchised and franchisable businesses that it can scale using its operating expertise.
  • Franchise Group owns and operates Liberty Tax Service, Buddys Home Furnishings and the Sears Outlet business.

Franchise Group, Inc. Announces Relisting on Nasdaq

Retrieved on: 
Tuesday, November 12, 2019
Hoffman Estates, Illinois, Financial markets, Companies, Finance, Stock market, Economy of New York City, NASDAQ, OTC Markets Group, Sears Hometown and Outlet Stores, Listing, Sears

VIRGINIA BEACH, Va., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (OTC PINK: FRGA) (Franchise Group or the Company) today announced that The Nasdaq Stock Market LLC (Nasdaq) has approved its application for relisting of the Companys common stock on the Nasdaq Global Market.

Key Points: 
  • VIRGINIA BEACH, Va., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (OTC PINK: FRGA) (Franchise Group or the Company) today announced that The Nasdaq Stock Market LLC (Nasdaq) has approved its application for relisting of the Companys common stock on the Nasdaq Global Market.
  • Franchise Group, Inc. (OTC PINK: FRGA) is an operator and acquiror of franchised and franchisable businesses that it can scale using its operating expertise.
  • Franchise Group owns and operates Liberty Tax Service, Buddys Home Furnishings and the Sears Outlet business.
  • As of June10, 2019, Buddys Home Furnishings operated 291 locations, primarily through franchise arrangements.

KBRA Credit Profile (KCP) Releases Special Report: New Sears Targets Additional Closures – CMBS Exposure

Retrieved on: 
Friday, November 8, 2019
Banking, Professional services, Finance, Hoffman Estates, Illinois, Retailing, Companies, Retailers, Sears, Kroll Bond Rating Agency

Kroll Bond Rating Agency (KBRA) releases a special report, New Sears Targets Additional Closures CMBS Exposure, which examines CMBS exposure to New Sears store closures.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a special report, New Sears Targets Additional Closures CMBS Exposure, which examines CMBS exposure to New Sears store closures.
  • Transformco (aka, New Sears) announced yesterday its intention to close an additional 96 stores by February 2020.
  • Yesterdays announcement followed prior announcements in September 2019 and August 2019 that identified 97 stores and 26 stores, respectively, slated for closure.
  • The acquisition of Sears Hometown aligns with New Sears long-term vision to focus on smaller-format stores that emphasize tools and appliances.

Federal Realty Investment Trust Announces Third Quarter 2019 Operating Results

Retrieved on: 
Wednesday, October 30, 2019
Hoffman Estates, Illinois, Companies, Cook County, Illinois, Chicago metropolitan area, Kmart, Sears Holdings, Federal Realty Investment Trust

ROCKVILLE, Md., Oct. 30, 2019 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) today reported operating results for its third quarter ended September 30, 2019.

Key Points: 
  • ROCKVILLE, Md., Oct. 30, 2019 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) today reported operating results for its third quarter ended September 30, 2019.
  • In the third quarter 2019, Federal Realty generated FFO of $108.0 million, or $1.43 per diluted share ($1.59 excluding the $11.9 million charge related to the buyout of the Kmart lease at Assembly).
  • During the third quarter 2019, Federal Realty signed 103 leases for 491,414 square feet of retail space.
  • August 21, 2019 Federal Realty issued $100 million aggregate principal amount of Notes due 2029 at an effective yield of 2.744%.

Hamilton Beach Brands Holding Company Announces Dates Of Its 2019 Third Quarter Earnings Release And Conference Call

Retrieved on: 
Tuesday, October 29, 2019
Companies, Hamilton Beach Brands, NACCO Industries, Economy of the United States, Hamilton Beach, Manufactured goods, Sears Holdings, Hoffman Estates, Illinois

Hamilton Beach Brands Holding Company is an operating holding company for Hamilton Beach Brands, Inc. and The Kitchen Collection, LLC.

Key Points: 
  • Hamilton Beach Brands Holding Company is an operating holding company for Hamilton Beach Brands, Inc. and The Kitchen Collection, LLC.
  • Hamilton Beach Brands is a leading designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels.
  • On October 15, 2019, the Company announced the wind down of the Kitchen Collection business and the closure of all of its 160 stores by the end of 2019.
  • For more information about Hamilton Beach Brands Holding Company and its subsidiaries, visit the Company's website at www.hamiltonbeachbrands.com .