Department Stores

SITE Centers Announces Pricing of Common Shares Offering

Tuesday, March 2, 2021 - 2:07am

SITE Centers Corp. (NYSE: SITC) (SITE Centers or the Company) today announced the pricing of its public offering of 15,000,000 common shares at a price to public of $13.20 per share, for expected gross proceeds of $198.0 million.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC) (SITE Centers or the Company) today announced the pricing of its public offering of 15,000,000 common shares at a price to public of $13.20 per share, for expected gross proceeds of $198.0 million.
  • SITE Centers also granted the underwriters a 30-day option to purchase up to an additional 2,250,000 common shares.
  • SITE Centers intends to use the net proceeds of the offering to redeem the depositary shares representing its outstanding 6.250% Class K Cumulative Redeemable Preferred Shares, without par value (the Class K Preferred Shares), which have an aggregate liquidation preference of $150.0 million.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.

Macy’s, Inc. Announces Changes to Its Senior Leadership Team

Monday, March 1, 2021 - 10:00pm

Macys, Inc. (NYSE:M) today announced changes to its senior leadership team.

Key Points: 
  • Macys, Inc. (NYSE:M) today announced changes to its senior leadership team.
  • In this role, Miller will report directly to Gennette and will be responsible for the companys information technology platforms and teams.
  • She delivered several organization-wide transformational changes including implementation of a new central reservation system that is delivering increased revenue and lower operational costs.
  • In addition, she has served in other senior leadership capacities at The Patent and Trademark Office, The Housing Opportunities Commission of Montgomery County, Maryland and British Aerospace, PLC.

NIKE, Inc. Announces Senior Leadership Change

Monday, March 1, 2021 - 9:33pm

Hebert leaves Nike after more than 25 years with the brand.

Key Points: 
  • Hebert leaves Nike after more than 25 years with the brand.
  • Nike plans to announce a new head of its North American geography shortly.
  • Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories.
  • For more information, NIKE, Inc.s earnings releases and other financial information are available on the Internet at http://investors.nike.com .

SITE Centers Announces Offering of Common Shares

Monday, March 1, 2021 - 9:07pm

SITE Centers Corp. (NYSE: SITC) (SITE Centers or the Company) today announced the commencement of a public offering of 15,000,000 common shares.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC) (SITE Centers or the Company) today announced the commencement of a public offering of 15,000,000 common shares.
  • SITE Centers also expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 common shares.
  • SITE Centers intends to use the net proceeds of the offering to redeem the depositary shares representing its outstanding 6.250% Class K Cumulative Redeemable Preferred Shares, without par value (the Class K Preferred Shares), which have an aggregate liquidation preference of $150.0 million.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.

Camping World Holdings Expands with New SuperCenter in Wisconsin

Monday, March 1, 2021 - 9:15pm

Camping World Holdings, Inc. (NYSE: CWH) (Camping World), Americas Recreation Dealer, today announced the opening of its newest SuperCenter in Eau Claire, Wisconsin.

Key Points: 
  • Camping World Holdings, Inc. (NYSE: CWH) (Camping World), Americas Recreation Dealer, today announced the opening of its newest SuperCenter in Eau Claire, Wisconsin.
  • We remain focused on expanding our footprint and gaining market share, said Marcus Lemonis, CEO and Chairman of Camping World Holdings.
  • Camping World is always looking for seasoned and professional RV sales associates, technicians, and retail support to assist with locations across the country.
  • This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters.

Fashwire Partners with the Council of Fashion Designers of America, Donating $1.00 for Every Download to Support the 25th Anniversary of the CFDA Scholarship Program

Monday, March 1, 2021 - 5:29pm

Beginning March 1, and continuing through March 31, Fashwire will donate $1.00 for every download of the Fashwire App ( App Store and Google Play ) to the Council of Fashion Designers of America (CFDA) to support the 25th anniversary of the CFDA Scholarship Program.

Key Points: 
  • Beginning March 1, and continuing through March 31, Fashwire will donate $1.00 for every download of the Fashwire App ( App Store and Google Play ) to the Council of Fashion Designers of America (CFDA) to support the 25th anniversary of the CFDA Scholarship Program.
  • Through Fashwires philanthropic arm, we have long been committed to donating $1.00 a download to charitable causes, stated Kimberly Carney, CEO and Founder of Fashwire.
  • In 2021, the Council of Fashion Designers of America celebrates the 25th Anniversary of the CFDA Scholarship Program, marking a milestone in supporting exemplary talent.
  • We thank Fashwire for the partnership, and tor helping us with additional funding to invest in the future of fashion.

Strategy Analytics: Cellular IoT Connections to reach 3.5 Billion by 2030

Monday, March 1, 2021 - 1:33pm

According to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report.

Key Points: 
  • According to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report.
  • The majority of 5G connections will not be significant until 2026, with 4G remaining the dominant technology over the forecast period.
  • Cellular IoT Connections Mix (Photo: Business Wire)
    2020 witnessed slower than expected growth due to the Covid-19 pandemic, with a slight increase in overall connections.
  • The full reports: IoT Market Forecast and Analysis , IoT Cellular Connections by Air Interface by Region and IoT Cellular Connections by Air Interface by Vertical are published by Strategy Analytics IoT Strategies (IoT) service, details of which can be found here: https://www.strategyanalytics.com/access-services/enterprise/iot/about-iot
    Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions.

New Study Reveals Baby Boomers Turning to International E-Commerce, but With Different Expectations Than Younger Consumers

Friday, February 26, 2021 - 2:27pm

Our data show that baby boomers are participating in international e-commerce more than ever, but that they value different aspects of the cross-border shopping experience than their younger counterparts do, said Tommy Kelly, CEO of ESW.

Key Points: 
  • Our data show that baby boomers are participating in international e-commerce more than ever, but that they value different aspects of the cross-border shopping experience than their younger counterparts do, said Tommy Kelly, CEO of ESW.
  • Only 3% of boomers have taken advantage of buy now, pay later options, versus 12% of shoppers ages 40 and under.
  • Some 42% of boomers surveyed said lower cost is a primary factor when shopping cross-border, versus just 32% of those in younger age groups.
  • Only half as many boomers (9%) as younger shoppers (18%) said they are swayed by referrals or positive ratings when shopping online from international brands.

Thailand Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 - ResearchAndMarkets.com

Friday, February 26, 2021 - 1:07pm

The "Thailand Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, Distribution Channel, Occasions, and Demographics - Jan 2021 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Thailand Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, Distribution Channel, Occasions, and Demographics - Jan 2021 Update" report has been added to ResearchAndMarkets.com's offering.
  • Thailand card market is expected to grow by 16.1% on annual basis to reach US$ 1795.4 million in 2021.
  • Despite near-term challenges in 2021, medium to long term growth story of gift cards in Thailand remains strong.
  • The gift card industry in Thailand is expected to grow steadily in H1 2021 and record a strong growth in H2 2021.

ReposiTrak Expands Compliance Solutions with Automated Certificates of Analysis

Thursday, February 25, 2021 - 3:40pm

ReposiTrak Inc., the industry leader in compliance and quality management, supply chain and out-of-stock solutions and sourcing, is expanding its compliance solutions suite with automated Certificate of Analysis (COA) functionality that collects, tracks and validates COAs for seamless accessibility to reports and internal tracking records.

Key Points: 
  • ReposiTrak Inc., the industry leader in compliance and quality management, supply chain and out-of-stock solutions and sourcing, is expanding its compliance solutions suite with automated Certificate of Analysis (COA) functionality that collects, tracks and validates COAs for seamless accessibility to reports and internal tracking records.
  • ReposiTraks automated COA capabilities adds another level of transparency and compliance assurance for manufacturers and distributors by improving the quality and reducing the workload associated with inbound shipment controls.
  • ReposiTrak COA Compliance resides on the same platform as its Supplier Compliance Management and Active QMS solutions, enabling companies to maintain all their supplier documents and internal quality records in a unified, secure cloud-based system for seamless storage and retrieval.
  • As the most trusted quality, safety and compliance solutions provider for retail trading partners, ReposiTrak is exclusively endorsed by leading trade associations and certification bodies including FMIThe Food Industry Association, SQFI, GMDC, ROFDA, GRMA and QCS.