Office Products

XCCommerce Teams with Retail Orphan Initiative to Present March Gladness at ShopTalk 2024

Retrieved on: 
Friday, March 8, 2024

On Sunday, March 17, XCCommerce will host Luck O’ the Brackets: NCAA Selection Sunday and St. Paddy’s Playtime, a limited entry event for retailers and partners attending ShopTalk 2024.

Key Points: 
  • On Sunday, March 17, XCCommerce will host Luck O’ the Brackets: NCAA Selection Sunday and St. Paddy’s Playtime, a limited entry event for retailers and partners attending ShopTalk 2024.
  • We are very honored to be partnering with RetailROI for the second year in a row,” said Danny Rosenoff, CEO of XCCommerce.
  • “We appreciate the XCCommerce team supporting March Gladness again this year,” said Greg Buzek, President and Secretary of RetailROI.
  • To see a platform demo or meet with our executives, book your meeting at: https://xccommerce.com/event/shoptalk-24 .

The Container Store Group, Inc. Announces Additions to the Board of Directors

Retrieved on: 
Thursday, March 7, 2024

Stuckey and Tyson will replace vacancies left by Bob Jordan and Jon Sokoloff when their terms expired in August 2023.

Key Points: 
  • Stuckey and Tyson will replace vacancies left by Bob Jordan and Jon Sokoloff when their terms expired in August 2023.
  • "We are very pleased to welcome Karen and Charles to our Board of Directors,” said The Container Store Chairperson of the Board, Lisa Klinger.
  • Tyson joins the Board as a Class I Director and will serve on the Culture and Compensation Committee.
  • He is currently the CEO and President of LL Flooring and a member of its Board of Directors.

BJ’s Wholesale Club Holdings, Inc. Announces Fourth Quarter and Full Fiscal 2023 Results

Retrieved on: 
Thursday, March 7, 2024

Impact of 53-Week Fiscal Year:

Key Points: 
  • Impact of 53-Week Fiscal Year:
    The fourth quarter and full year results for fiscal 2023 included one additional week (the “53rd week”) compared to the fourth quarter and full year results for fiscal 2022.
  • Total comparable club sales decreased by 0.4% in the fourth quarter of fiscal 2023 compared to the fourth quarter of fiscal 2022.
  • Excluding the impact of gasoline sales, comparable club sales increased by 0.5% in the fourth quarter of fiscal 2023 compared to the fourth quarter of fiscal 2022.
  • Gross profit increased to $963.3 million in the fourth quarter of fiscal 2023 from $903.2 million in the fourth quarter of fiscal 2022.

Cintas Named One of America’s Best Workplaces for Women by Newsweek

Retrieved on: 
Thursday, March 7, 2024

Cintas Corporation (Nasdaq: CTAS) has been recognized again for its commitment to creating an equitable workplace for women employee-partners by being named by Newsweek as one of America’s Best Workplaces for Women.

Key Points: 
  • Cintas Corporation (Nasdaq: CTAS) has been recognized again for its commitment to creating an equitable workplace for women employee-partners by being named by Newsweek as one of America’s Best Workplaces for Women.
  • View the full release here: https://www.businesswire.com/news/home/20240307058922/en/
    Cintas is once again recognized for being committed to creating an equitable workplace for women.
  • (Graphic: Business Wire)
    “Our corporate culture is carefully cultivated at Cintas,” said Todd Schneider, Cintas President and CEO.
  • There are incredibly talented women throughout our organization, and this award is a testament to them.

Xerox Holdings Corporation Announces Pricing of Upsized Convertible Notes Offering

Retrieved on: 
Thursday, March 7, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the pricing of $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the pricing of $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”).
  • The size of the offering was increased by $50 million subsequent to the initial announcement of the offering.
  • The Company also granted the initial purchasers of the Notes a 13-day option to purchase up to $50,000,000 aggregate principal amount of additional notes.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.

CORT Furniture Rental Promotes Doug Steil to Executive Vice President Operations, West

Retrieved on: 
Wednesday, March 6, 2024

CORT Furniture Rental, the nation’s leading provider of furniture rental and destination services, is proud to announce the promotion of Doug Steil to Executive Vice President Operations, West.

Key Points: 
  • CORT Furniture Rental, the nation’s leading provider of furniture rental and destination services, is proud to announce the promotion of Doug Steil to Executive Vice President Operations, West.
  • In this new role, Doug will be responsible for overseeing the operational efficiency and growth of CORT across the Western region.
  • View the full release here: https://www.businesswire.com/news/home/20240306523356/en/
    Doug brings a wealth of experience and expertise to his new role, having previously served as the Senior Vice President of Operations for the West Coast.
  • "We are thrilled to announce Doug's promotion to Executive Vice President Operations, West," said Paula Newell, Chief Operating Officer of CORT.

Xerox Holdings Corporation Announces Pricing of Upsized Senior Notes Offering

Retrieved on: 
Thursday, March 7, 2024

Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) announced today that it has priced an offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029 (“Notes”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) announced today that it has priced an offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029 (“Notes”).
  • The size of the offering was increased by $100 million subsequent to the initial announcement of the offering.
  • The Company intends to use the net proceeds from the sale of the Notes to (i) refinance all of its outstanding 3.800% Senior Notes due 2024 (“2024 Notes”) and a portion of its 5.000% Senior Notes due 2025 (“2025 Notes”), (ii) repay, repurchase or redeem a portion of its other outstanding indebtedness and (iii) to pay related fees and expenses.
  • Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.

Allegion to Attend 2024 Bank of America Global Industrials Conference

Retrieved on: 
Wednesday, March 6, 2024

Allegion plc (NYSE: ALLE) Senior Vice President and Chief Financial Officer Mike Wagnes will discuss the company’s long-term strategy at the 2024 Bank of America Global Industrials Conference on Wednesday, March 20. The conference will be held at The Landmark Hotel in London.

Key Points: 

Allegion plc (NYSE: ALLE) Senior Vice President and Chief Financial Officer Mike Wagnes will discuss the company’s long-term strategy at the 2024 Bank of America Global Industrials Conference on Wednesday, March 20. The conference will be held at The Landmark Hotel in London.

Xerox Holdings Corporation Announces Increase in Maximum Tender Cap for 5.000% Senior Notes Due 2025

Retrieved on: 
Tuesday, March 5, 2024

Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 2024 (the “Offer to Purchase”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 2024 (the “Offer to Purchase”).
  • The terms of the previously announced cash tender offer by Xerox Corporation for its 3.800% senior notes due 2024 (the “2024 Notes Tender Offer” and, together with the 2025 Notes Tender Offer, the “Tender Offers”) remain unchanged.
  • The complete terms and conditions of the Tender Offers are set forth in the Offer to Purchase, as modified by this press release.
  • Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (855) 654-2014 (toll-free) or (212) 430-3774 (collect).

Ideal Living launches groundbreaking water and air purification systems to the commercial market

Retrieved on: 
Tuesday, March 5, 2024

Ideal Living , a trusted name in wellness solutions, is launching its groundbreaking water and air purification systems at the 2024 Water Quality Association (WQA) Convention & Exposition March 5-7 in Orlando, Fla., and the 2024 National Facilities Management & Technology (NFMT) in Baltimore March 12-14.

Key Points: 
  • Ideal Living , a trusted name in wellness solutions, is launching its groundbreaking water and air purification systems at the 2024 Water Quality Association (WQA) Convention & Exposition March 5-7 in Orlando, Fla., and the 2024 National Facilities Management & Technology (NFMT) in Baltimore March 12-14.
  • Designed for spaces accommodating up to 100 people, it provides pure water without compromising convenience.
  • We are excited to extend our proven solutions to commercial environments, aligning with our commitment to providing clean, pure drinking water for all.
  • The AquaTru Freestanding Model 2 exemplifies our dedication to bringing innovation and wellness to the B2B sector.”
    For more information about Ideal Living and its products, please visit www.idealliving.com .