Fleming Companies, Inc

The North West Company Inc. Announces Renewal of its Normal Course Issuer Bid

Retrieved on: 
Wednesday, November 15, 2023

The NCIB follows the Company’s normal course issuer bid for the 12 months ended November 14, 2023 (the “2023 NCIB”).

Key Points: 
  • The NCIB follows the Company’s normal course issuer bid for the 12 months ended November 14, 2023 (the “2023 NCIB”).
  • North West operates 226 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.4 billion.
  • The common shares of North West trade on the Toronto Stock Exchange under the symbol NWC.
  • Dan McConnell, President and Chief Executive Officer, The North West Company Inc.
    John King, Executive Vice-President and Chief Financial Officer, The North West Company Inc.

Abercrombie & Fitch Co. Announces Election of Arturo Nuñez to its Board of Directors

Retrieved on: 
Thursday, November 9, 2023

NEW ALBANY, Ohio, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omni-channel specialty retailer of apparel and accessories, today announced the election of Arturo Nuñez to its Board of Directors, effective November 7, 2023.

Key Points: 
  • NEW ALBANY, Ohio, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omni-channel specialty retailer of apparel and accessories, today announced the election of Arturo Nuñez to its Board of Directors, effective November 7, 2023.
  • Mr. Nuñez, 56, is the founder and CEO of AIE Creative, a firm providing meaningful and immersive brand strategies and marketing experiences.
  • Mr. Nuñez currently serves on the board of directors for The Estée Lauder Companies Inc.
    “We are pleased to welcome Arturo to Abercrombie & Fitch Co.’s Board of Directors.
  • “I’m excited to join Abercrombie & Fitch Co.’s Board of Directors,” said Nuñez.

Finance of America Receives Continued Listing Standard Notice from the NYSE

Retrieved on: 
Friday, December 15, 2023

The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE’s continued listed standards.

Key Points: 
  • The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE’s continued listed standards.
  • The Notice has no immediate effect on the listing of the Class A Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements.
  • Finance of America plans to notify the NYSE within ten business days of its receipt of the Notice that it intends to bring the Company into compliance with this listing standard within the six month cure period.
  • Finance of America intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE’s continued listing standards.

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages The Estée Lauder Companies Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – EL

Retrieved on: 
Tuesday, December 12, 2023

WHAT TO DO NEXT: To join the Estée Lauder class action, go to https://rosenlegal.com/submit-form/?case_id=21096 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Estée Lauder class action, go to https://rosenlegal.com/submit-form/?case_id=21096 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

The Estée Lauder Companies Holds Annual Meeting of Stockholders

Retrieved on: 
Friday, November 17, 2023

The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders today.

Key Points: 
  • The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders today.
  • William P. Lauder, Executive Chairman, chaired the meeting.
  • At the meeting, stockholders elected Charlene Barshefsky, Angela Wei Dong, Fabrizio Freda, Gary M. Lauder, and Jane Lauder to the Board, as Class III Directors.
  • The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally.

Creditsafe Releases Financial & Bankruptcy Outlook for U.S. Retailers

Retrieved on: 
Monday, December 4, 2023

ALLENTOWN, Pa., Dec. 4, 2023 /PRNewswire/ -- Amid rising inflation, a cost-of-living crisis and a steep decline in consumer spending, many retailers are calling for flat to declining sales this year. So, retail bankruptcies have become more common in recent years with the likes of Serta Simmons Bedding, Neiman Marcus Group and JCPenney filing for Chapter 11. Today, Creditsafe released its Financial & Bankruptcy Outlook: Retail report, which examines how financial planning, cash flow management and Accounts Payable management have affected the financial health of U.S. retailers.

Key Points: 
  • Today, Creditsafe released its Financial & Bankruptcy Outlook: Retail report , which examines how financial planning, cash flow management and Accounts Payable management have affected the financial health of U.S. retailers.
  • The data included in the report was gathered from multiple sources, including financial earnings reports released by the retailers, filings with the U.S. Securities and Exchange Commission and the Creditsafe credit risk and intelligence platform.
  • The retailer has one of the lowest Days Beyond Terms (DBT) scores out of the retailers examined in the report.
  • Understanding what factors influence a company's financial health is critical as retailers face hard times ahead and consumer spending continues to decline."

Cronos Group Reports 2023 Third Quarter Results

Retrieved on: 
Wednesday, November 8, 2023

Furthermore, the weakened Canadian dollar and New Israeli Shekel against the U.S. dollar during the period adversely impacted results.

Key Points: 
  • Furthermore, the weakened Canadian dollar and New Israeli Shekel against the U.S. dollar during the period adversely impacted results.
  • Cronos GrowCo reported to the Company preliminary unaudited net revenue to licensed producers, excluding sales to the Company, of approximately $6.2 million in the third quarter of 2023.
  • In addition to principal repayment, Cronos also received $1.2 million in interest payments from GrowCo, totaling approximately $2.3 million in cash payments to Cronos in Q3 2023.
  • ET to discuss 2023 Third Quarter business results.

The North West Company Inc. Third Quarter Results and Conference Call

Retrieved on: 
Tuesday, November 7, 2023

WINNIPEG, Manitoba, Nov. 07, 2023 (GLOBE NEWSWIRE) -- (TSX Symbol: NWC): The North West Company Inc. (“North West”) will host a conference call for its third quarter results on December 6, 2023 at 2:00 p.m. (Central Time).

Key Points: 
  • WINNIPEG, Manitoba, Nov. 07, 2023 (GLOBE NEWSWIRE) -- (TSX Symbol: NWC): The North West Company Inc. (“North West”) will host a conference call for its third quarter results on December 6, 2023 at 2:00 p.m. (Central Time).
  • The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean.
  • North West operates 226 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CAD $2.2 billion.
  • For further information, please contact: Amanda E. Sutton, Vice President, Legal and Corporate Secretary of The North West Company Inc. at (204) 934-1756, email [email protected] .

The Estée Lauder Companies Inc. Declares Quarterly Dividend of $.66 Per Share

Retrieved on: 
Wednesday, November 1, 2023

The Estée Lauder Companies Inc. (NYSE: EL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on December 15, 2023 to stockholders of record at the close of business on November 30, 2023.

Key Points: 
  • The Estée Lauder Companies Inc. (NYSE: EL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on December 15, 2023 to stockholders of record at the close of business on November 30, 2023.
  • The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally.
  • The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.

Finance of America Expands Reach of Second Lien Reverse Mortgage to Allow More Homeowners 55 and Older to Access Home Equity

Retrieved on: 
Monday, October 23, 2023

With the wider rollout across its direct-to-consumer and wholesale divisions, Finance of America will increase the availability of this second-lien reverse mortgage product to homeowners and originators.

Key Points: 
  • With the wider rollout across its direct-to-consumer and wholesale divisions, Finance of America will increase the availability of this second-lien reverse mortgage product to homeowners and originators.
  • For older homeowners, receiving home equity financing is even more challenging, with one-third of all senior refinancing applications denied due to income-based criteria.
  • HomeSafe Second was intentionally developed to address these barriers and serve homeowners 55 and older in today’s climate.
  • This fixed-rate, proprietary reverse loan does not impact the first lien mortgage, neither its balance nor its rate, and no monthly payments are required on this second lien.