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Appointments, Financial Results, and Philanthropic Initiatives - Research Report on J.C. Penney, Urban Outfitters, Harris



  Appointments, Financial Results, and Philanthropic Initiatives - Research
Report on J.C. Penney, Urban Outfitters, Harris Teeter, Saks, and JoS. A. Bank
                                  Clothiers

Editor Note: For more information about this release, please scroll to bottom

PR Newswire

NEW YORK, August 22, 2013

NEW YORK, August 22, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting J.C.
Penney Company, Inc. (NYSE: JCP), Urban Outfitters, Inc. (NASDAQ: URBN),
Harris Teeter Supermarkets Inc. (NYSE: HTSI), Saks Inc. (NYSE: SKS) and Jos.
A. Bank Clothiers Inc. (NASDAQ: JOSB). Today's readers may access these
reports free of charge - including full price targets, industry analysis and
analyst ratings - via the links below.

J.C. Penney Company, Inc. Research Report

On August 13, 2013, J.C. Penney Company, Inc. (J.C. Penney) announced the
resignation of William A. Ackman of Pershing Square Capital Management from
the Board of Directors, effective August 12, 2013. Further, the Company
announced the appointment of Ronald W. Tysoe to the Company's Board also
effective August 12, 2013. Thomas Engibous, Chairman of the Board of Directors
of J.C. Penney, said, "The Company is extremely fortunate to have the benefit
of Ron Tysoe's judgment and experience at this important time. His deep
knowledge of the retail industry and his financial expertise will be
invaluable to us as we continue the work underway to return J. C. Penney to
profitability and growth." J.C. Penney added that its Board also plans to
appoint another highly qualified director in the near future. The Full
Research Report on J.C. Penney Company, Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.investorsreports.com/report/2013-08-19/JCP]

--

Urban Outfitters, Inc. Research Report

On August 19, 2013, Urban Outfitters, Inc. (Urban Outfitters) reported its Q2
FY 2014 financial results (period ended July 31, 2013) with net sales of
$758.5 million, up 12.2% YoY. Net income was $76.4 million or $0.51 per
diluted share, in Q2 FY 2014, compared to $61.3 million or $0.42 per diluted
share, in Q2 FY 2013. Richard A. Hayne, CEO of Urban Outfitters, said, "I am
pleased with the strong results we delivered this quarter. They were driven by
a favorable customer response to our product offerings, improved merchandise
margins, the opening of additional stores, and better creative and marketing
initiatives in our direct-to-consumer channel." The Full Research Report on
Urban Outfitters, Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-19/URBN]

--

Harris Teeter Supermarkets Inc. Research Report

On August 12, 2013, Harris Teeter Supermarkets Inc. (Harris Teeter) announced
that it has launched a donation card campaign to support United Way, an U.S.
based non-profit organization. The Company informed that effective from the
date of the announcement until September 13, 2013, customers at each Harris
Teeter location will be able to donate $1, $3, or $5 to United Way at the
checkout. Harris Teeter stated that the funds donated to United Way at
checkout will be given to the United Way chapter in the community nearest to
the Harris Teeter at which the money was raised. The Full Research Report on
Harris Teeter Supermarkets Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-19/HTSI]

--

Saks Inc. Research Report

On August 19, 2013, Saks Inc. (Saks) reported its Q2 FY 2014 (period ended
August 3, 2013) financial results with net sales of $707.8 million, up 0.5%
YoY. Net loss was $19.6 million or $0.13 per diluted share, in Q2 FY 2014,
compared to net loss of $12.3 million or $0.08 per diluted share in Q2 FY
2013. Stephen I. Sadove, Chairman and CEO of Saks, said, "While the second
quarter was our fourteenth consecutive quarter of posting a comparable store
sales increase, our sales growth was modestly below our expectations. Our
comparable store sales increases of 1.5% in the second quarter and 3.8% for
the six months were on top of 4.7% increases in both the second quarter and
first six months of last year." In another announcement dated July 29, 2013,
Saks also informed about its agreement with Hudson's Bay Company (HBC) to
merge whereby HBC will acquire Saks for $16.00 per share in an all-cash
transaction valued at c.$2.9 billion, including debt. The transaction is
expected to close before the end of the 2013, subject to approval by Saks'
shareholders, regulatory approvals, and closing conditions. The Full Research
Report on Saks Inc. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-19/SKS]

--

Jos. A. Bank Clothiers Inc. Research Report

On August 15, 2013, Jos. A. Bank Clothiers, Inc. (JoS A. Bank) announced that
it expects its earnings for Q2 FY 2014 (period ended August 3, 2013) to be
c.$0.49 to $0.53 per diluted share, compared with $0.83 per diluted share in
Q2 FY 2013. R.Neal Black, President and CEO of JoS A. Bank, said, "While our
total Sales declined in the second quarter of fiscal 2013, we achieved
stability in our gross profit margin rate. Specifically, our gross profit
margin rate increased in both the fiscal months of June and July and the
overall rate for the second quarter is expected to increase slightly from last
year. Customers did not respond as well to some of our highly promotional,
high sales volume marketing campaigns as they did in the prior year and total
sales declined approximately 11% in the quarter, primarily during these
promotional peaks. Day to day sales on the non-promotional portion of our
business in stores increased during the quarter." The Full Research Report on
Jos. A. Bank Clothiers Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-19/JOSB]

----

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SOURCE Investors' Reports

Contact: Kristi Saunders CONTACT PHONE: +1-315-982-6420 (North America)
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