The Bon-Ton Stores, Inc. Announces Fourth Quarter and Fiscal 2014 Results

The Bon-Ton Stores, Inc. (BONT) today reported operating results for its fiscal fourth quarter and full year ended January 31, 2015.

Fourth Quarter Results

  • Comparable store sales increased 4.3% in the fourth quarter compared with the prior year period.
  • Adjusted EBITDA was $113.1 million in the fourth quarter of fiscal 2014. (Adjusted EBITDA is not a measure recognized under generally accepted accounting principles – see Note 1.) The current year fourth quarter included a $10.8 million gain associated with an insurance settlement, of which approximately $1.9 million was attributed to profit recovery and approximately $8.9 million to asset recovery. Excluding the financial impact of the asset recovery, Adjusted EBITDA was approximately $104.3 million in the fourth quarter of fiscal 2014, compared with $103.7 million in the fourth quarter of fiscal 2013.
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Lumber Liquidators Provides Agenda For Business Update Conference Call

TOANO, Va., March 10, 2015 -- Lumber Liquidators (LL), the largest specialty retailer of hardwood flooring in North America, today announced an agenda for its business update conference call to be held on March 12, 2015 at 10:00 a.m. Eastern Time.  The conference call will be accompanied by a slide presentation that will be available by approximately 7:00 a.m. on the morning of the call.  The topics to be discussed will include:

  • Introduction
  • "Our Products are Safe"
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Urban Outfitters Fourth Quarter Revenue Tops $1 Billion

PHILADELPHIA, PA, March 9, 2015 - Urban Outfitters, Inc. (URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced net income of $80 million and $232 million for the three months and year ended January 31, 2015, respectively.  Earnings per diluted share were $0.60 and $1.68 for the three months and year ended January 31, 2015, respectively.

Total Company net sales for the fourth quarter of fiscal 2015 increased 12% over the same quarter last year to a record $1.01 billion. Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 6%. Comparable Retail segment net sales increased 18% at Free People, 6% at the Anthropologie Group and 4% at Urban Outfitters. Wholesale segment net sales rose 21%.

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Hudson’s Bay Company Partners with Industry-Leading Real Estate Companies to Create Joint Ventures Valued at C$4.2 Billion

Management Values HBC’s Total Real Estate Portfolio at More Than C$9 Billion
Structures Unlock Long-Term Value from Real Estate Portfolio and Position Company to Capitalize on Future Growth Opportunities
Increased Financial Flexibility Better Positions Company for Growth in Retail and Real Estate Businesses

TORONTO & NEW YORK-- Hudson’s Bay Company (HBC.TO) (“HBC” or the “Company”) announced earlier today that it has entered into agreements with each of Simon Property Group Inc. (“Simon”) (SPG) and RioCan Real Estate Investment Trust (“RioCan”) (REI-UN.TO) to form two joint ventures focused on real estate growth opportunities in the United States and Canada, respectively. These joint ventures will enable HBC to leverage the expertise of market leading real estate companies to build on the strength of its existing real estate assets and identify new real estate growth opportunities. The transactions are structured to facilitate an IPO or other monetization transaction of each joint venture at a future date.

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Overstock.com Reports Q2 2014 Results

Q2 2014 revenue growth of 13 percent and net income of $1.9 million

SALT LAKE CITY, July 24, 2014 -- Overstock.com, Inc. (OSTK) today reported financial results for the quarter ended June 30, 2014.

Key Q2 2014 metrics (comparison to Q2 2013):

  • Revenue: $332.5M vs. $293.2M (13% increase);
  • Gross profit: $62.6M vs. $57.8M (8% increase);
  • Gross margin: 18.8% vs. 19.7% (90 basis point decrease);
  • Sales and marketing expense: $23.5M vs. $19.2M (23% increase);
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