As part of its ongoing commitment to return value to shareholders, L Brands, Inc. (NYSE:LB) announced today that its Board of Directors has authorized a new $250 million share repurchase program, which includes $10.3 million remaining under its previous $250 million share repurchase program.
http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2301173
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McClatchy has completed its merger with accelerate360 and formed a new entity called McClatchy Media Company (MMC), which it claims reaches 100 million unique visitors per month. Announced in August, the merger combines McClatchy's 30 news products, including The Miami Herald, The Kansas City Star, The Sacramento Bee and the Fort Worth Star-Telegram, and accelerate360's lifestyle brands such as Us Weekly, Woman's World and Soap Opera Digest. “The combination creates many opportunities to leverage our digital platform at scale, provide additional original content offerings to consumers, and targeted audience access to our marketing partners,” says Tony Hunter, chairman and chief executive officer of MMC.
Vuori, the performance and lifestyle brand known for its coastal California-inspired style, today announced that it will surpass its goal to open 100 retail locations by 2026 with the opening of its latest store in Aspen, Colorado on Friday, August 8.
“The 100-store milestone is not only a humbling achievement for us to reach in the same year as we celebrate our 10-year anniversary, but it signifies the incredible power and momentum Vuori continues to have,” said Founder & CEO Joe Kudla. “Vuori exists to support people in feeling their best; clear, connected and inspired, along life’s journey and empower them to live a healthy and active lifestyle. As we continue on our global growth journey, we firmly believe that in addition to providing customers the ability to touch, feel and try on our products, our retail locations should also serve as hubs to drive authentic and meaningful relationships with the local community.”
To commemorate the milestone and opening of the brand’s latest store in Aspen, Colorado, Vuori’s entire fleet of stores will celebrate by hosting an ‘Investment in Happiness Day’ for the growing Vuori community on Saturday, August 9.
*First quarter net sales decrease 57% *Reopened 90 percent of stores to date with reduced hours *Actions taken in response to COVID-19 to preserve liquidity. The decrease in net sales for the first quarter of 2020 compared to the prior year reflects the temporary closure of all stores on March 19 due to the COVID-19 pandemic. Omni sales for the first quarter increased 17 percent over last year. In April, omni sales were 47 percent higher than last year driven by fulfillment from closed stores where allowed. Beginning April 23, the Company began the staggered reopening of stores with reduced hours. To date, the Company has reopened 255 of its 281 stores in accordance with local government guidelines. Traffic in stores has steadily increased each week since reopening and omni sales have continued to be strong, even as more stores opened. Sales continued to recover in May, but remained well below last year.