The annual Dscoop Conference is a unique gathering of marketers, printers, industry experts and suppliers from around the country. “I have had the fortune to be at the very first DSCOOP event in Sanibel, FL in 2006” said Mike Ratcliff, Midland’s VP and General Manager – Specialty Paper and Film Division. “I am amazed at the increase in size and scale of the event over time”. Midland Paper, located at Booth #525, will have key representatives of their Specialty Paper and Film Team on hand to showcase the latest digital products in their portfolio including: * Coated, Uncoated and Specialty Papers * Pressure Sensitive Films * Synthetic Papers * Grand Format * Wide Format * High Speed Inkjet
Gap Inc. (NYSE: GPS) today announced that its Board of Directors approved a new $1 billion share repurchase authorization for the company’s common stock and plans to increase its annual dividend, reinforcing the company’s commitment to returning excess cash to shareholders. The new $1 billion repurchase authorization for Gap Inc.’s stock follows the company’s previous $500 million share repurchase authorization, which the company announced on October 16, 2014. Since the beginning of 2010, Gap Inc. has repurchased over $7.25 billion or about 297 million shares at an average price of $24.42.
Net sales were up 3 percent to $4.71 billion, compared with $4.58 billion for the fourth quarter of fiscal year 2013. The company’s fourth quarter comparable sales were positive 2 percent versus positive 1 percent last year. Net income for the fourth quarter of fiscal year 2014 was $319 million. Earnings per share increased 10 percent to $0.75 per share on a diluted basis, compared with $0.68 per share during the fourth quarter last year. For fiscal year 2014, net sales increased 2 percent to $16.44 billion, compared with net sales of $16.15 billion for the 2013 fiscal year, driven by strong performance at Old Navy. On a constant currency basis, net sales increased 3 percent for fiscal year 2014. Net income for fiscal year 2014 was $1.26 billion, or $2.87 per share on a diluted basis, compared with $2.74 per share on a diluted basis for the 2013 fiscal year.
Urban Outfitters, Inc. (Nasdaq:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced that its Board of Directors has authorized the repurchase of 20 million common shares under a share repurchase program. Pursuant to this program, the Company, at its discretion, may repurchase its common shares from time to time, subject to market conditions and at prevailing market prices. The Company may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions or accelerated share repurchases, some of which may be effected through Rule 10b5-1 plans under the Securities Exchange Act of 1934, as amended. This program is in addition to the Company's right to repurchase 2.3 million shares remaining as of February 26, 2015 under its previous share repurchase program authorized by the Board of Directors on May 27, 2014.
For the fourth quarter, which included a successful holiday season, JCPenney reported net sales of $3.89 billion compared to $3.78 billion in the fourth quarter of 2013. Comparable store sales rose 4.4 percent for the quarter. Online sales through jcpenney.com were $428 million for the quarter, up 12.5 percent versus the same period last year. For the full year 2014, comparable store sales increased 4.4 percent. Total sales increased 3.4 percent for the year. Internet sales through jcpenney.com grew $145 million to $1.22 billion for the year, increasing 13.4 percent over last year.
Barnes & Noble, Inc. (NYSE: BKS), today announced the filing of a Registration Statement with the U.S. Securities and Exchange Commission in order to effect a separation of Barnes & Noble Education (which comprises the Barnes & Noble College business) from Barnes & Noble’s Retail and NOOK Digital businesses. The planned separation will, when consummated, create two independent, publicly traded companies. The separation is intended to be a tax-free distribution to Barnes & Noble shareholders and is anticipated to be completed by the end of August 2015, subject to customary conditions. Barnes & Noble believes that the separation will allow each business to optimize its strategic opportunities. As more focused companies with differing potential growth profiles, capital needs and market dynamics, each company will benefit from strategic clarity and separate management and Board focus. The separation will also allow investors to assess each business more clearly as a stand-alone company.
AAA Fuel Gage 02/27/15 National Average Prices: http://www.fuelgaugereport.aaa.com/ Regular: Current Average - $2.373/gallon Month Ago Average - $2.038/gallon Year Ago Average - $3.436/gallon Diesel: Current Average - $2.893/gallon Month Ago…
The Federal Communications Commission voted today to pass wide-ranging new rules that would regulate broadband Internet access in the manner of a public utility, making it unlawful for service providers to sell “fast lanes” to Web businesses or to purposefully slow down transmissions. The 3-2 vote split along party lines, with the two Republican commissioners—Ajit Pai and Michael O'Rielly—voting against the regulations that fall closely in step with those employed in the European Union. “I am incredibly proud of the process the Commission has run in developing today's historic open Internet protections. I say that not just as the head of this agency, but as a U.S. citizen,” FCC Chairman Tom Wheeler said in a statement. “There are three simple keys to our broadband future. Broadband networks must be fast. Broadband networks must be fair. Broadband networks must be open.”
Full Year 2014 Financial Highlights: Billings grew 16%, or $222 million, to $1,602 million compared with $1,380 million in the full year 2013. Net sales were $1,372 million compared with $1,379 million in 2013, while net deferred revenue increased $230 million in 2014, driven by higher billings and strong digital sales. Adjusted cash EBITDA, which accounts for the change in deferred revenue, increased $168 million, or 51%, to $495 million in 2014 compared to $327 million in 2013. Adjusted EBITDA was $265 million for the full year 2014 compared with $325 million in the prior year. Net loss was $111 million for the full year 2014 and 2013.
Ilim Group is completing the implementation of yet another stage of its environmental program in Bratsk, which is aimed to reduce environmental footprint and includes installation of a new scrubber at the fiberline. The new equipment will ensure additional treatment of the gas and vapour mixture from the IMPBIN. The preparatory work to tie the scrubber in the existing process lines is nearing completion and will be followed by hydraulic tests, commissioning, and subsequent start-up of the equipment. The Company expects this work to be finished within one month.