|By PR Newswire||
|March 18, 2014 08:01 AM EDT||
NEW YORK, March 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Vipshop Holdings Limited (NYSE: VIPS), Wal-Mart Stores Inc. (NYSE: WMT), Target Corp. (NYSE: TGT), Family Dollar Stores Inc. (NYSE: FDO), and Bon-Ton Stores Inc. (NASDAQ: BONT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Vipshop Holdings Limited Analyst Notes
On March 11, 2014, Vipshop Holdings Limited (Vipshop Holdings) announced the pricing of its public offering of $550 million aggregate principal amount of its 1.50% convertible senior notes due 2019 (the Notes), which has been upsized from the previously announced offer amount of $400 million. The Company also finalized the pricing of the public offering by certain selling shareholders of the Company of an aggregate of 1.14 million American Depositary Shares (the ADSs) at a price to public of $143.74 per ADS, with each ADS representing two ordinary shares of the Company. According to Vipshop Holdings, it has granted to the underwriters a 30-day option to purchase up to an additional $82.5 million aggregate principal amount of the Notes. Vipshop Holdings stated that it intends to use a portion of the proceeds of the Notes offering for repayment of existing indebtedness under certain of its facility agreements, which were incurred in connection with a recent acquisition, and the remainder for general corporate purposes and will not receive any proceeds from the sale of the ADSs by the selling shareholders. The full analyst notes on Vipshop Holdings Limited are available to download free of charge at:
Wal-Mart Stores Inc. Analyst Notes
On March 12, 2014, Wal-Mart Stores Inc. (Walmart) reported that The Walmart Foundation's South Dakota State Giving Program has awarded $50,000 to two nonprofits dedicated to serving residents through its core areas of giving, which are hunger relief & healthy eating, sustainability, career opportunity and women's economic empowerment. The Company stated that South Dakota nonprofits to receive grants also included Rapid City's One Spirit and Mission's Teach for America Inc. Walmart's Regional General Manager for South Dakota, Sharon Power, said, "We believe in giving back to organizations that keep communities thriving. We look forward to seeing ONE Spirit continue to make significant strides in fighting hunger in Rapid City and Teach for America better the lives of families and children in Mission by providing educational services." The full analyst notes on Wal-Mart Stores Inc. are available to download free of charge at:
Target Corp. Analyst Notes
On March 7, 2014, Target Corp. (Target) announced that it is teaming up with Major League Baseball (MLB) to work together this baseball season to engage guests and fans in celebrating the nation's teachers and inspiring kids. The Company stated that efforts will include Target joining MLB and PEOPLE's longstanding tradition of recognizing community heroes through the Target Presents "PEOPLE All-Star Teachers" program, which includes hosting a series of events in schools across the country and honoring teachers at the 2014 All-Star Game. The full analyst notes on Target Corp. are available to download free of charge at:
Family Dollar Stores Inc. Analyst Notes
On March 7, 2014, Family Dollar Stores Inc. (Family Dollar) announced that it has joined EPA's ENERGY STAR program as an ENERGY STAR partner. According to Family Dollar, through its voluntary partnership with the US Environmental Protection Agency's ENERGY STAR Program, the Company will work to improve energy efficiency and sustainability, while also reducing greenhouse gas emissions through a strategic, corporate energy management program that will help preserve the environment for future generations. Family Dollar mentioned that the new partnership will help the Company measure and track the energy performance of the organization's facilities (where possible) by using tools offered through ENERGY STAR, develop and implement a plan consistent with the ENERGY STAR Energy Management Guidelines to achieve energy savings, and highlight its achievements with recognition offered through ENERGY STAR. The full analyst notes on Family Dollar Stores Inc. are available to download free of charge at:
Bon-Ton Stores Inc. Analyst Notes
On March 11, 2014, Bon-Ton Stores Inc. (Bon-Ton) reported its financial results for Q4 FY 2013 and full year FY 2013 (period ended February 1, 2014). For Q4 FY 2013, Bon-Ton's net sales fell 9.9% YoY to $914.9 million, while annual net sales went down 5.1% YoY to $2.8 billion. Net income for the quarter was $61.3 million or $3.04 per diluted share, compared with $74.4 million or $3.71 per diluted share in Q4 FY 2012. In FY 2013, the Company registered a net loss of $3.6 million or $0.19 per diluted share, versus a net loss of $21.6 million or $1.16 per diluted share in FY 2012. President and CEO Brendan Hoffman said, "Despite disappointing fourth quarter sales results, we continued to make progress on several strategic initiatives that we believe will drive improved performance. Multiple snowstorms and the polar vortex during the December and January periods resulted in a sharp decline in traffic and, therefore, we were unable to achieve our comparable store sales goals in the fourth quarter." The full analyst notes on Bon-Ton Stores Inc. are available to download free of charge at:
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