Industry News

Brunswick Corporation, has signed an agreement to acquire Germany's Indoor Cycling Group, a leading provider of indoor cycling equipment. Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and regulatory review and approval by the German competition authority."/>
Life Fitness Plans to Add Indoor Cycling Group to Its Brand Portfolio
DSW Inc., announces the launch of DSW Kids in over 200 stores in 40 states across the country. The retail expansion will include footwear for kids of all ages from infants and toddlers through teens. An extension of its successful e-commerce shop, DSW Kids is now open in over 200 brick and mortar locations."/>
Designer Shoe Warehouse Expands DSW Kids Nationwide
Sequential Brands Group, Inc. today announced financial results for the second quarter and six months ended June 30, 2016.. Total revenue for the second quarter ended June 30, 2016 increased to $34.2 million, compared to $20.2..."/>
Sequential Brands Group Announces 2016 Second Quarter Financial Results
CBS Corporation today announced that its Board of Directors has approved an increase in the amount of excess capital it will return to shareholders. The Board voted to raise the Company's quarterly dividend by 20%, from 15 cents to 18 cents per share. The new rate will take effect on the next scheduled dividend payment date of October 1, 2016, to shareholders of record as of September 9, 2016.."/>
CBS Corporation Increases Dividend and Share Repurchase Program
TriMas Corporation Board of Directors today announced that Thomas A. Amato, 52, has been appointed president and chief executive officer, effective immediately, succeeding David M. Wathen, who has stepped down from these positions and from the TriMas Board of Directors. Amato will also be appointed to the TriMas Board of Directors.. Amato brings more than 25 years of broad industrial experience, having served in several leadership..."/>
TriMas Appoints Thomas A. Amato President and Chief Executive Officer
Marcus ® Hotels& Resorts achieves strong operating performance; Marcus Theatres ® continues to outperform the industry. MILWAUKEE---- The Marcus Corporation today reported results for the second quarter of fiscal 2016 ended June 30, 2016. In the previous year, the company changed its fiscal year end to the last Thursday in December and all second quarter and first half fiscal 2016 results are compared to comparable 13- week and 26- week periods ended June 25, 2015.."/>
The Marcus Corporation Reports Second Quarter Fiscal 2016 Results
Target Corporation, one of the largest retailers in the nation, starting August, 1, 2016.. "In June of this year, Breaking Games debuted its first Target game with Game of 49, and now, we have two more on their shelves. For a company that's barely a year and a half old, I have to say, that's pretty impressive! ""/>
Breaking Games' Game of Phones, POOP In A Bag Now Available at Target Stores
Wayfair, one of the world’ s largest online destinations for home furnishings and décor, today announced the appointment of James R. Miller to the company’ s board of directors. As vice president of global operations at Google Inc., Miller brings invaluable expertise and decades of experience in technology and product..."/>
Wayfair Names James R. Miller to Board of Directors
Monro Muffler Brake, Inc., a leading provider of automotive undercar repair and tire services, today announced financial results for its first quarter ended June 25,..."/>
Monro Muffler Brake, Inc. Announces First Quarter Fiscal 2017 Financial Results
Alliance Data Systems Corporation, a leading global provider of data-driven marketing and loyalty solutions, today announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and commercial credit programs, has signed a new long-term agreement to provide private label and co-branded credit card services for Ulta Beauty. Ulta Beauty, based in Bolingbrook, Ill., is the..."/>
Alliance Data's Card Services Business and Ulta Beauty Partner to Launch New, Branded Credit Card Program
ChinaNet Online Holdings, Inc., today announced that the Company's Intelligent Marketing Data Services System CloudX has received copyright approval from the National Copyright Administration of China, establishing the intellectual property rights for the system in China.. The new system is based on ChinaNet CloudX technology architecture. The system integrates with the Company’ s internal database and runs programmatic analysis to achieve..."/>
ChinaNet Online's Intelligent Marketing Data Services System CloudX Receives Copyright Approval from the National Copyright Administration of China
Meritage Homes Corporation, a leading U.S. homebuilder, announced today second quarter results for the period ended June 30, 2016.. Summary Operating Results Three Months Ended June 30, Six Months Ended June 30, 2016 2015% Chg 2016 2015% Chg------------------------------------------------ Homes closed 1,950 1,556 25% 3,438 2,891 19% Home closing revenue$ 795,845$ 591,027 35% $1,391,462 $1,108,300 26% Average sales price- closings$ 408$ 380 7%$ 405$ 383 6% Home orders 2,073 1,986 4% 4,060 3,965 2% Home order..."/>
Meritage Homes Reports a 35% Increase in Home Closing Revenue and a 37% Increase in Net Earnings, Resulting in Diluted EPS of $0.95 for the Second Quarter 2016
Fortress Investment Group LLC today reported its second quarter 2016 financial results. Fortress declared a cash dividend of $0.09 per dividend paying share for the second quarter 2016 Management Fee Paying Assets Under Management of $70.2 billion as of June 30, 2016, down slightly compared to the previous quarter and a decrease of 2% compared to June 30, 2015 GAAP net loss of $27 million, or a $0.07 loss per diluted Class A share, for the second quarter of 2016, compared..."/>
Fortress Reports Second Quarter 2016 Results and Announces Dividend of $0.09 per Share
Tempur Sealy International, Inc. today announced financial results for the second quarter ended June 30, 2016. The Company also updated financial guidance for the full year 2016.. SECOND QUARTER 2016 FINANCIAL SUMMARY."/>
Tempur Sealy Reports Second Quarter 2016 Results
Extended Stay America Inc reported on Thursday that its subsidiary, ESH Hospitality Inc, declared a combined cash distribution of USD0.19 per paired share for the second quarter of 2016, as approved by the boards of directors. This distribution includes a USD0.10 per share payable to the company's class A and B common shareholders and a distribution of USD0.09 per share payable to its common shareholders. These distributions to shareholders of record as of 11 August 2016 will..."/>
Extended Stay America's subsidiary declares Q2 2016 combined distributions of USD0.19 per paired share
Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, today reported second quarter 2016 net income of $46.6 million, diluted earnings per common share of $2.12, adjusted net income of $47.4 million, and adjusted diluted earnings per common share of $2.16. As shown in the non-GAAP reconciliation tables below, the 2016 second quarter adjusted results exclude approximately $830 thousand of net after-tax adjustments, or..."/>
Group 1 Automotive Reports Second Quarter 2016 Results
Dana Holding Corp. on Wednesday declared a cash dividend of 6 cents per share, payable Sept. 9 to shareholders of record as of Aug. 19.. Table glass maker Libbey Inc. earlier this week declared a cash dividend of 11.5 cents per share, payable Aug. 23 to shareholders of record as of Aug. 9.."/>
BRIEF: Dana, Libbey declare quarterly dividends [The Blade, Toledo, Ohio]
Penske Automotive Group Inc declared on Wednesday that its board of directors authorised a cash dividend of USD0.28 per share for the second quarter of 2016.. Shareholders of record on 10 August 2016 will receive the dividend payment on 1 September 2016.. A transportation services company, Penske operates automotive and commercial truck dealerships in the US, Canada and Western Europe and distributes commercial vehicles, diesel engines, gas engines, power systems and..."/>
Penske declares higher dividend of USD0.28 per share
Lear Corporation, a leading global supplier of automotive seating and electrical systems, today reported record financial results for the second quarter of 2016. Record sales of $4.7 billion, reflecting continued growth in both segments Net income of $282 million versus $182 million in the prior year Record core operating earnings of $399 million, an increase of 18% from prior year, with a record margin of 8.4%, up from 7.3% a year ago..."/>
Lear Reports Record Second Quarter 2016 Results and Increases Full Year Outlook

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