Industry News

Office Depot CEO Roland Smith offered his first glimpse at how he intends to turn around the Boca Raton-based retailer, some industry analysts said they were, for the most part, not wowed by the plans. They agreed, though, Smith had done what he had to do to boost Office Depot's fallen stock. Jefferies analyst Daniel Binder says Office Depot's $250 million cost-savings plan, announced Wednesday, does "little to really reinvent this company.""/>
Office Depot plan revives stock but some analysts question whether it will rejuvenate company [Sun Sentinel]
SeaWorld Entertainment is being blamed on a sharp decline in Brazilian guests and Orlando's softening tourism industry. "We have a Florida problem, not a SeaWorld Orlando problem," SeaWorld Entertainment President and Chief Executive Officer Joel Manby said Thursday during an earnings call with investors. The company reported an adjusted net income of $18 million in the second quarter, slightly lower than the $18.7..."/>
SeaWorld: 'Florida problem' behind drop in attendance [Orlando Sentinel]
Libbey Inc. reported today a dip in profit and sales for the second quarter. The company said its sales for the April through June period was $207.9 million, down from $214 million from the same period a year ago. Its profit was $8.7 million, or 40 cents a share, down from $14.4 million, or 65 cents a share, for the same period a year ago."/>
BRIEF: Libbey Inc. reports lower profit, sales [The Blade, Toledo, Ohio]
Ford to Participate in 2016 J.P. Morgan Auto Conference
Target Corp.' s freeze-out of Amazon.com Inc.' s products has come to an end. Four years after Target pulled Amazon Kindle e-readers and tablets from its shelves, the Minneapolis-based retailer has reversed course. The change of heart, analysts say, is a reflection of the fast-changing retail environment and a recognition that it can't stop the online juggernaut which already has legions of devoted customers, including many who also shop at Target."/>
Target resumes selling Amazon products after four-year hiatus [Star Tribune (Minneapolis)]
Motorcar Parts of America, Inc. today announced the company will issue results for its fiscal 2017 first quarter on Tuesday, August 9, 2016.. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 6:30 a.m. Pacific time to discuss the company’ s financial results and operations.. The call will be open to all interested investors either through a live audio Web..."/>
Motorcar Parts of America to Report Fiscal 2017 First Quarter Results; Host Conference Call
Stein Mart plans eight new stores this fall. The Jacksonville-based department store chain plans to open one in San Clemente, Calif., next month, followed by seven stores in October: Ann Arbor, Mich.; Canton, Ohio; Rogers, Ark.: Seminole; Thornton, Colo.; Walnut Creek, Calif.; West Bloomfield, Mich. That will make 13 new stores this year."/>
BRIEF: Stein Mart to open eight new stores this fall [The Florida Times-Union, Jacksonville]
Cott Corp., a publicly traded company with headquarters in Canada and Florida. When the $355 million deal closes, the company will continue to operate under the S&D Coffee& Tea name as a subsidiary of Cott, according to a statement Thursday. S&D is one of the country's largest coffee roasters for the food-service industry, and supplies coffee and tea products to..."/>
Concord-based S&D Coffee to be acquired by global beverage company [The Charlotte Observer]
Sears, Roebuck& Co. distribution center that is now home to an office, retail and residential complex. Spiffy decided to open the facility after being contacted by Jamestown, the..."/>
Durham's Spiffy car wash service expands to Atlanta [The News & Observer (Raleigh, N.C.)]
ID Watchdog, Inc., including it's wholly owned subsidiary Identity Rehab Corporation, provider of consumer-facing identity theft protection and resolution services, today announced that it has reached an agreement to settle litigation pending in the United States District Court. Effective November 21, 2014, the Company terminated an arrangement in its Tech Support Channel with its primary third-party sales affiliate. On October 10, 2015, the Sales..."/>
ID Watchdog Announces Settlement of Litigation
ID Watchdog, Inc., including it's wholly owned subsidiary Identity Rehab Corporation, provider of consumer-facing identity theft protection and resolution services, today announced that it has reached an agreement to settle litigation pending in the United States District Court. Effective November 21, 2014, the Company terminated an arrangement in its Tech Support Channel with its primary third-party sales affiliate."/>
ID Watchdog Announces Settlement of Litigation
Apple. While doodling around with your device in the comfort of wherever-you-wish, check out these apps that can give you a slice of all the action, or fantasise yourself seeking Olympic glory:."/>
These apps will get you through the Olympics [Khaleej Times, Dubai, United Arab Emirates]
Carmike Cinemas, Inc., today issued the following statement: August 4, 2016. On July 25, 2016, AMC Entertainment Holdings Inc. revised its offer for Carmike to $33.06 per share, composed of 70% cash and 30% stock. While an improvement, we still firmly believe that this revised offer, like the one that preceded it, undervalues Carmike..."/>
Driehaus Capital Management to Vote in Favor of Revised Carmike Cinema Offer
Viacom’ s current directors to stop supporting failed management. NORWOOD, Mass.---- National Amusements, Inc., the owner of a majority of Viacom Inc.’ s voting stock, issued the following statement today in response to Viacom’ s third quarter 2016 earnings:. “Viacom’ s overall performance continues to highlight the need for changes to leadership at the company, as National Amusements and many other investors have called for."/>
National Amusements, Inc. Calls for Changes to Viacom’s Top Leadership in Response to Third Quarter 2016 Earnings
Leggett & Platt Announces Quarterly Dividend Of $.34
Groupon announced an expansion of its popular fitness-related deals business, which ranges from local yoga classes and gym memberships to fitness trackers and workout gear, to include a new private-label women’ s activewear clothing line named Form+ Focus. Available exclusively through Groupon Goods–– the company’ s consumer..."/>
Groupon Steps Up Fitness Game with New Private-Label Women’s Clothing Line

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