Retail

Alipay Launches Initiatives to Support Wuhan Businesses as the City Comes out of Lockdown

Wednesday, April 8, 2020 - 5:32am

Alipay, the worlds leading open digital lifestyle platform operated by Ant Financial Services Group, today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.

Key Points: 
  • Alipay, the worlds leading open digital lifestyle platform operated by Ant Financial Services Group, today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.
  • These initiatives will later expand coverage to support service providers across China as they tap into the power of digital technologies to transform adversity into opportunities.
  • The section allows orders to be placed directly via the Alipay app for local specialty produce, and also enables users to access livestreams of tourist destinations across the city as it emerges from lockdown.
  • In addition, foreign tourists and foreigners living in China can also use Alipay for mobile payments in the country.

ServiceMaster Brands Announces Full Mobilization of Cleaning and Disinfecting Services for Businesses and Homes Against COVID-19

Wednesday, April 8, 2020 - 1:00am

We are uniquely positioned, through our ServiceMaster Restore, ServiceMaster Clean, and Merry Maids businesses to provide disinfection services with up-to-date protocols and standards in alignment with CDC, EPA and OSHA guidelines.

Key Points: 
  • We are uniquely positioned, through our ServiceMaster Restore, ServiceMaster Clean, and Merry Maids businesses to provide disinfection services with up-to-date protocols and standards in alignment with CDC, EPA and OSHA guidelines.
  • Disinfection and cleaning services are core ServiceMaster Brand capabilities, and the company has already performed thousands of COVID-19 related services across hundreds of healthcare facilities, schools, businesses and homes, that are directly related to the current COVID-19 pandemic.
  • The companys well-recognized brands include ServiceMaster Restore (restoration and reconstruction), ServiceMaster Clean (commercial cleaning), Merry Maids (residential cleaning), AmeriSpec (home inspections) and Furniture Medic (cabinet and furniture repair).
  • ServiceMaster Brands is a business unit of ServiceMaster Global Holdings, Inc. (NYSE: SERV ), a leading provider of essential residential and commercial services.

Avery Dennison to Webcast First Quarter 2020 Earnings Conference Call

Wednesday, April 8, 2020 - 1:00am

Avery Dennison Corporation (NYSE: AVY) will host its first quarter 2020 earnings conference call in a live webcast at 1:00 p.m.

Key Points: 
  • Avery Dennison Corporation (NYSE: AVY) will host its first quarter 2020 earnings conference call in a live webcast at 1:00 p.m.
  • The company's first quarter earnings news release will be issued that morning at 6:45 a.m.
  • This event will be webcast live, and replays will be available on Avery Dennison's Investor Relations website ( www.investors.averydennison.com ).
  • Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials.

Window Nation Expands To Boston Market, But With Modifications

Tuesday, April 7, 2020 - 7:18pm

A Window Nation expert can walk customers through the seemingly daunting task of window replacement, including educating them about vinyl and wood options, colors, sizes, styles and more via video conferencing.

Key Points: 
  • A Window Nation expert can walk customers through the seemingly daunting task of window replacement, including educating them about vinyl and wood options, colors, sizes, styles and more via video conferencing.
  • Although new to Boston, the Window Nation team currently services 13 other locations throughout the U.S. and brings decades of home remodeling experience to residents.
  • In 2019, Window Nation was named the 5th largest replacement contractor in the U.S. by Remodeling Magazine and the second largest non-franchise window retailer, marking the third year in a row Window Nation was recognized as being in the top five.
  • Window Nation was started in 2006 by two brothers who literally grew up in the window business, learning about home improvement, customer care and the difference a quality window can make.

HanesBrands Takes Actions to Navigate COVID-19 Pandemic, Preserve Cash and Strengthen Long-term Market Position

Tuesday, April 7, 2020 - 11:26pm

The company plans to call these full-time and part-time employees back to work as soon as stores can be reopened.

Key Points: 
  • The company plans to call these full-time and part-time employees back to work as soon as stores can be reopened.
  • In addition to the retail store employees, the company will temporarily furlough approximately 575 other U.S. employees.
  • We are taking actions today to ensure we navigate the pandemic for a successful future for all of us, Evans said.
  • We have a strong and flexible balance sheet with more than $1 billion of cash and a highly skilled workforce.

PVH Corp. Announces Business Update Relating To COVID-19 Outbreak

Tuesday, April 7, 2020 - 11:00pm

We are doing everything in our power to best position PVH for long-term stability, while considering the impacts to all of our key stakeholders, said Manny Chirico, Chairman and CEO, PVH.

Key Points: 
  • We are doing everything in our power to best position PVH for long-term stability, while considering the impacts to all of our key stakeholders, said Manny Chirico, Chairman and CEO, PVH.
  • We are addressing issues in each region as per health guidelines, government restrictions and local business conditions.
  • Reduction of executive compensation: Manny Chirico, Chairman and CEO, has elected to forgo his salary while the crisis continues.
  • PVH is pursuing governmental relief packages, including governmental salary subsidiaries, to retain associates and which would significantly offset payroll expense.

Retail Leaders Release #ShopSafe Video

Tuesday, April 7, 2020 - 6:15pm

"We all have a part to play in keeping our communities safe," said Brian Dodge, RILA president.

Key Points: 
  • "We all have a part to play in keeping our communities safe," said Brian Dodge, RILA president.
  • "We are in this together and together we'll get through this."
  • To encourage safe shopping habits, the Retail Industry Leaders Association (RILA) released the following video highlighting 5 tips to #ShopSafe:
    5 Tips to Shop Safe:
    RILA is the US trade association for leading retailers.
  • Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.

Rent-A-Center, Inc. Provides Business Update in Response to COVID-19 Pandemic

Tuesday, April 7, 2020 - 10:35pm

Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII) today provided an update on its business trends and its actions to respond to COVID-19.

Key Points: 
  • Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII) today provided an update on its business trends and its actions to respond to COVID-19.
  • In fact, about 75% are fully operational with about 25% operating with a closed off showroom and only a handful fully closed.
  • As compared to the business model of traditional household durable goods retailers, our recurring revenue stream resulted in total revenue for the first quarter increasing versus the year ago period.
  • Offsetting some of the pressure on revenue and collections, our customers should benefit from the U.S. governments CARES Act.

Farmers® Cares Premium Adjustment Initiative Will Provide More Than 115,000 Farmers Insurance® Business Insurance Customers a Monthly Premium Credit of 20 Percent Over the Next Two Months

Tuesday, April 7, 2020 - 5:30pm

"We understand how challenging running a business can be, particularly in these extraordinary times, and we want our business insurance customers to know Farmers cares and we want to help," said Sharon Fernandez, president of business insurance for Farmers.

Key Points: 
  • "We understand how challenging running a business can be, particularly in these extraordinary times, and we want our business insurance customers to know Farmers cares and we want to help," said Sharon Fernandez, president of business insurance for Farmers.
  • "For the next two months, many of our business insurance customers will see a 20 percent premium reduction."
  • Additionally, for all business insurance customers, Farmershas made adjustments to allow extra time for business insurance customers to pay for their policies.
  • Restaurant, office, retail and service business insurance customers do not need to take any action to make this credit effective on their policy; it will be done automatically by Farmers.

Fiesta Restaurant Group, Inc. Changes to Virtual Meeting Format for 2020 Annual Meeting of Stockholders

Tuesday, April 7, 2020 - 9:30pm

Stockholders will not be able to attend the 2020 Annual Meeting of Stockholders in person.

Key Points: 
  • Stockholders will not be able to attend the 2020 Annual Meeting of Stockholders in person.
  • The 2020 Annual Meeting of Stockholders will be held on the previously announced date on Wednesday, April 29, 2020 now at 10:00 a.m. Eastern Time.
  • As noted in the proxy statement filed by the Company on March 20, 2020, stockholders of record as of end of business on March 2, 2020 are entitled to participate in the 2020 Annual Meeting of Stockholders.
  • This website also contains instructions as to how to participate in the virtual 2020 Annual Meeting of Stockholders.