zulily to Join QVC Group

Transaction Brings Together Leading "Joy of Discovery" Retailers to Expand Digital Footprint, Enhance Customer Experience, and Drive Global Growth

WEST CHESTER, Pa., Aug. 17, 2015 -- QVC, the global leader in video and ecommerce retail, today announced that its parent, Liberty Interactive Corporation ("Liberty Interactive") (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) has entered into a definitive agreement to acquire zulily, inc. ("zulily") (ZU), a leading ecommerce site serving millennial moms and the digital-only generation, for approximately $2.4 billion. Under the proposed transaction, zulily will join the QVC Group to create a discovery-driven and experiential digital commerce powerhouse with appeal that spans generations of women.

Since its inception in 2010, zulily has emerged as a destination brand for millions of millennial customers, becoming one of the few retailers in history to exceed $1 billion in annual net sales in five years. Today, zulily brings young moms special finds every day, through desktop, mobile websites and mobile apps that feature a curated, constantly changing collection, spanning apparel, fashion accessories, children's apparel, home decor, toys, gifts and more. With a vast network of 10,000 vendor partners, zulily offers thousands of new products every day from entrepreneurs and top brands, all at compelling values. Approximately 56 percent of its orders are placed over mobile devices.

Amazon.com Announces Second Quarter Sales up 20% to $23.18 Billion

SEATTLE-- Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2015.

Operating cash flow increased 69% to $8.98 billion for the trailing twelve months, compared with $5.33 billion for the trailing twelve months ended June 30, 2014. Free cash flow increased to $4.37 billion for the trailing twelve months, compared with $1.04 billion for the trailing twelve months ended June 30, 2014.

Common shares outstanding plus shares underlying stock-based awards totaled 488 million on June 30, 2015, compared with 480 million one year ago.

Net sales increased 20% to $23.18 billion in the second quarter, compared with $19.34 billion in second quarter 2014. Excluding the $1.39 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 27% compared to second quarter 2014.

Hot Topic to Acquire Geeknet, Inc., Parent Company of Online Retailer ThinkGeek

LOS ANGELES and FAIRFAX, Va., May 26, 2015 -- Hot Topic, Inc. ("Hot Topic"), a leading mall and web-based specialty retailer, and Geeknet, Inc. (Nasdaq: GKNT, "Geeknet"), the parent company of online retailers ThinkGeek and ThinkGeek Solutions, today announced that they have entered into a definitive agreement under which Hot Topic will acquire all of the outstanding shares of Geeknet, Inc. common stock at a purchase price of $17.50 per share.  The transaction will be completed by means of a tender offer to be commenced shortly.  The transaction has a total equity value of approximately $122 million, including $37 million of cash and cash equivalents as of March 31, 2015.

Conn’s, Inc. Reports Fourth Quarter and Full Year Fiscal 2015 Financial Results

THE WOODLANDS, Texas-- Conn’s, Inc. (CONN), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced its financial results for the fourth quarter and full year ended January 31, 2015.

Financial Results

Fourth-quarter fiscal 2015 significant items included (on a year-over-year basis unless noted):

• Consolidated revenues increased 18.2% to $426.7 million due to new store openings and an increase in same store sales of 1.3%;
• Retail gross margin decreased 110 basis points to 39.5%;

  Published: 31 March 2015

  Written by Editor

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