NEW YORK, August 22, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting J.C. Penney Company, Inc. (NYSE: JCP), Urban Outfitters, Inc. (NASDAQ: URBN), Harris Teeter Supermarkets Inc. (NYSE: HTSI), Saks Inc. (NYSE: SKS) and Jos. A. Bank Clothiers Inc. (NASDAQ: JOSB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
J.C. Penney Company, Inc. Research Report
On August 13, 2013, J.C. Penney Company, Inc. (J.C. Penney) announced the resignation of William A. Ackman of Pershing Square Capital Management from the Board of Directors, effective August 12, 2013. Further, the Company announced the appointment of Ronald W. Tysoe to the Company's Board also effective August 12, 2013. Thomas Engibous, Chairman of the Board of Directors of J.C. Penney, said, "The Company is extremely fortunate to have the benefit of Ron Tysoe's judgment and experience at this important time. His deep knowledge of the retail industry and his financial expertise will be invaluable to us as we continue the work underway to return J. C. Penney to profitability and growth." J.C. Penney added that its Board also plans to appoint another highly qualified director in the near future. The Full Research Report on J.C. Penney Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/JCP]
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Urban Outfitters, Inc. Research Report
On August 19, 2013, Urban Outfitters, Inc. (Urban Outfitters) reported its Q2 FY 2014 financial results (period ended July 31, 2013) with net sales of $758.5 million, up 12.2% YoY. Net income was $76.4 million or $0.51 per diluted share, in Q2 FY 2014, compared to $61.3 million or $0.42 per diluted share, in Q2 FY 2013. Richard A. Hayne, CEO of Urban Outfitters, said, "I am pleased with the strong results we delivered this quarter. They were driven by a favorable customer response to our product offerings, improved merchandise margins, the opening of additional stores, and better creative and marketing initiatives in our direct-to-consumer channel." The Full Research Report on Urban Outfitters, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/URBN]
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Harris Teeter Supermarkets Inc. Research Report
On August 12, 2013, Harris Teeter Supermarkets Inc. (Harris Teeter) announced that it has launched a donation card campaign to support United Way, an U.S. based non-profit organization. The Company informed that effective from the date of the announcement until September 13, 2013, customers at each Harris Teeter location will be able to donate $1, $3, or $5 to United Way at the checkout. Harris Teeter stated that the funds donated to United Way at checkout will be given to the United Way chapter in the community nearest to the Harris Teeter at which the money was raised. The Full Research Report on Harris Teeter Supermarkets Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/HTSI]
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Saks Inc. Research Report
On August 19, 2013, Saks Inc. (Saks) reported its Q2 FY 2014 (period ended August 3, 2013) financial results with net sales of $707.8 million, up 0.5% YoY. Net loss was $19.6 million or $0.13 per diluted share, in Q2 FY 2014, compared to net loss of $12.3 million or $0.08 per diluted share in Q2 FY 2013. Stephen I. Sadove, Chairman and CEO of Saks, said, "While the second quarter was our fourteenth consecutive quarter of posting a comparable store sales increase, our sales growth was modestly below our expectations. Our comparable store sales increases of 1.5% in the second quarter and 3.8% for the six months were on top of 4.7% increases in both the second quarter and first six months of last year." In another announcement dated July 29, 2013, Saks also informed about its agreement with Hudson's Bay Company (HBC) to merge whereby HBC will acquire Saks for $16.00 per share in an all-cash transaction valued at c.$2.9 billion, including debt. The transaction is expected to close before the end of the 2013, subject to approval by Saks' shareholders, regulatory approvals, and closing conditions. The Full Research Report on Saks Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/SKS]
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Jos. A. Bank Clothiers Inc. Research Report
On August 15, 2013, Jos. A. Bank Clothiers, Inc. (JoS A. Bank) announced that it expects its earnings for Q2 FY 2014 (period ended August 3, 2013) to be c.$0.49 to $0.53 per diluted share, compared with $0.83 per diluted share in Q2 FY 2013. R.Neal Black, President and CEO of JoS A. Bank, said, "While our total Sales declined in the second quarter of fiscal 2013, we achieved stability in our gross profit margin rate. Specifically, our gross profit margin rate increased in both the fiscal months of June and July and the overall rate for the second quarter is expected to increase slightly from last year. Customers did not respond as well to some of our highly promotional, high sales volume marketing campaigns as they did in the prior year and total sales declined approximately 11% in the quarter, primarily during these promotional peaks. Day to day sales on the non-promotional portion of our business in stores increased during the quarter." The Full Research Report on Jos. A. Bank Clothiers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/JOSB]
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