Industry News

Five Below Inc. is moving its headquarters across Center City to the former Lit Bros. building at 701 Market St. and taking over some of the one-time department store's retail space, according to two people with knowledge of the company's plans. Five Below plans to lease 180,000 square feet of office space and 15,000 square feet of retail space in what is now known as the Lits Building, according to one of the two people. The discount teen-oriented store, which is receiving..."/>
Five Below chooses Lits Building for new Center City headquarters [Philly.com]
HeadsUp Entertainment International Inc. has agreed to acquire the assets of US-based daily fantasy sports and social gamification company Fanlogic LLC, the company said. Fanlogic is a social fantasy platform provider for in-game, daily, weekly, season-long, on-demand, eSports or event-driven fantasy games and promotions. Social, free to play fantasy games, for the purpose of customer acquisition and..."/>
HeadsUp Entertainment to Acquire Assets of Fantasy Sports Firm Fanlogic
Comcast Corp.' s discounted internet service for low-income families. "My message is leveling the playing field," Joyner-Kersee said, referring to the low internet-adoption rates among low-income families during an interview at the Comcast Center. She said Comcast called "to see if I had an interest" in speaking for..."/>
Olympian Joyner-Kersee pitches Internet Essentials for Comcast, tours Philly [Philly.com]
Radio One, Inc. is the proud media sponsor of the Smithsonian's National Museum of African American History& Culture that officially opened Saturday, September 24, 2016. As the largest African American owned multi-media company in the country, Radio One, Inc. is the media company uniquely capable of delivering promotional support and coverage of this week's festivities through its robust urban radio, television, digital media and..."/>
Radio One Proudly Serves As Media Sponsor Of The Smithsonian's National Museum Of African American History & Culture
Hyatt Hotels Corp. plan to convert the James Robertson building in Nashville, Tennessee, into a 191- room luxury hotel at an estimated cost of $50 million. The hotel will be part of The Unbound Collection by Hyatt and is expected to open in late 2017.. HRI Lodging LLC, the hotel management division of HRI Properties, will manage the hotel, The property is located at 118 Seventh Ave. in downtown Nashville and is on the National Registry of..."/>
BRIEF: HRI Properties working with Hyatt Hotels on Nashville property [The Advocate, Baton Rouge, La.]
Torstar Corporation announced today that it has completed the sale of the land and buildings in Vaughan that were previously used to operate the Toronto Star printing facility for a purchase price of $54,250,000.. Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange. Its businesses include the Star Media Group led by the Toronto Star, Canada's largest daily newspaper and Free Daily News Group Inc., which publishes the..."/>
Torstar Corporation: Torstar Announces Completion of Sale of Vaughan Printing Facility & Surrounding Lands
Office Depot Inc. continues to optimize its store footprint in North America, including approximately 300 store closures of Office Depot and OfficeMax stores by 2018," said Julianne Embry, a spokeswoman for the company. While the OfficeMax, located near Target is closing, the Office Depot located down the..."/>
BRIEF: Panama City OfficeMax to close [The News Herald, Panama City, Fla.]
Select Comfort's Sleep Number product, which in many ways makes it unique in the bed and mattress industry, according to Sarah Reckard, a public relations manager with the company. "We've been around..."/>
Sleep Number to open Friday in Albany [The Albany Herald, Ga.]
Sirius XM Canada Holdings Inc., the parent of Sirius XM Canada Inc., today announced that it will be reporting its fiscal 2016 fourth quarter and year-end results after markets close on Wednesday, September 28, 2016 and hosting a conference call on Thursday, September..."/>
SiriusXM Canada to Host Fiscal 2016 Fourth Quarter and Year-End Results Conference Call on Thursday, September 29, 2016
International Game Technology PLC announced that MGM Resorts is slated to install IGT's Cardless Connect™ technology to provide players with exciting new loyalty card and transaction capabilities through mobile devices. The initial deployment is targeted for MGM Grand Detroit in Q4 of 2016.. Cardless Connect is an integrated technology that can be embedded into a casino mobile app to enable players to use their smart phones in lieu of the..."/>
IGT Cardless Connect Technology Selected to Modernize M life Transactions at MGM Resorts
Vista Outdoor Inc., announced it has donated $10,000 to Hand in Hand Outdoors to assist with the organization's construction of an out-camp dedicated to the memory of fallen service members from Utah and Wyoming. The check was presented during Vista Outdoor's sales conference held in Park City, Utah. "Vista Outdoor has a strong commitment to honoring the brave men and women who serve our country in the Armed Forces," said Dave Allen, Senior..."/>
Vista Outdoor Donates $10,000 to Hand in Hand Outdoors
Vail Resorts, Inc. and Canada-based four season mountain resort Whistler Blackcomb Holdings, Inc., the companies said. In August, Vail Resorts agreed to acquire all the stock of Whistler Blackcomb in a deal worth USD 1.056 bn. The proposed..."/>
Canadian Competition Bureau Clears Vail Resorts, Whistler Blackcomb Tie-Up
Marriott International, Inc. has closed its acquisition of US-based Starwood Hotels and Resorts Worldwide, Inc., the company said. In November 2015, Marriott and Starwood Hotels inked a definitive merger agreement under which Marriott would acquire Starwood. Under that agreement, at closing, Starwood shareholders will receive 0.92 shares of Marriott International, Inc. class A common stock andUSD 2.00 in cash for each share of..."/>
Marriott International Closes Acquisition of Starwood Hotels and Resorts Worldwide
Overstock.com Sponsors HGTV Urban Oasis Giveaway 2016
Drew Industries Incorporated today announced that David M. Smith, Chief Financial Officer, will be leaving the Company to pursue other opportunities. Smith joined the Company as Chief Financial Officer in September 2015. Smith will continue to work with the Company until December 31, 2016, to support an orderly transition."/>
Drew Industries Announces Executive Change
Thor Industries, Inc. today announced record net income from continuing operations of $82.8 million, or $1.57 per diluted share, on record revenues of $1.29 billion for the fourth quarter ended July 31, 2016. Gross profit margins increased to 17.3% in the fourth quarter compared to 16.2% in the prior-year period, due primarily to improved volumes and favorable changes in product mix. Net income from continuing operations increased 20.1% on..."/>
Thor Announces Record Results for Fourth Quarter and Fiscal 2016
Turtle Beach Corporation, a leading audio technology company, has started the process of restructuring its HyperSound directed audio business in an effort to reduce costs and align spending with revenues. Actions have been taken to significantly reduce HyperSound operating expenses going into October and monthly net cash burn is expected to be below $350,000 by January 2017. This excludes corporate allocations, which are expected to be..."/>
Turtle Beach Restructuring HyperSound Business To Substantially Lower Operating Costs

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