A Glance at the Latest from Consumer Services Sector: New Research on Scholastic, Sears Canada, Sears Hometown, SFX Entertainment, and Shoe Carnival
NEW YORK, February 10, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Scholastic (NASDAQ: SCHL), Sears Canada (NASDAQ: SRSC), Sears Hometown (NASDAQ: SHOS), SFX Entertainment (NASDAQ: SFXE), and Shoe Carnival (NASDAQ: SCVL). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
SCHL Research Report: ( http://get.analystsreview.com/pdf/?c=Scholastic&d=10-Feb-2015&s=SCHL ),
SRSC Research Report: ( http://get.analystsreview.com/pdf/?c=Sears%20Canada&d=10-Feb-2015&s=SRSC ),
SHOS Research Report: ( http://get.analystsreview.com/pdf/?c=Sears%20Hometown&d=10-Feb-2015&s=SHOS ),
SFXE Research Report: ( http://get.analystsreview.com/pdf/?c=SFX%20Entertainment&d=10-Feb-2015&s=SFXE ),
SCVL Research Report: ( http://get.analystsreview.com/pdf/?c=Shoe%20Carnival&d=10-Feb-2015&s=SCVL ).
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Analyst Update: Quarterly Earnings, Appointments and Share Repurchase Program
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks ended lower on Monday as investors fled to safe-haven assets amid a worsening standoff between the Greece's new government and its creditors. Greece's Prime Minister Alexis Tsipras refused to accept any extension of the country's international bailout and also announced plans to cancel some of the reforms imposed by the lenders, raising fears of a fresh crisis in the euro zone. The Dow Jones Industrial Average ended the session lower by 0.53% at 17,729.21, the S&P 500 declined 0.42% to close at 2,046.74, and the Nasdaq Composite finished lower by 0.39% at 4,726.01. In Europe, the Stoxx 600 index fell for the first time in six days amid uncertainty looming over Greece's debt negotiations. Meanwhile, Asian markets ended mostly lower on Monday as worries over Greece were compounded by disappointing Chinese trade data. A latest data showed that Chinese exports unexpectedly fell 3.3% in January, compared with the year ago period, while imports dropped 19.9%.
Scholastic Corporation (Scholastic) reported that second quarter fiscal 2015 revenues grew 7% YoY to $665.6 million, largely driven by strong sales in children's books, partially offset by lower sales of the Company's educational technology products and reduced revenues in Canada.
Sears Canada, Inc. (Sears Canada) announced on January 26, 2015 the appointment of Ronald D. Boire as the Company's President and CEO. Boire has served as the Company's acting President and CEO since October 2014 as the Company continued its search for a permanent chief following the resignation of Douglas C. Campbell in September.
Sears Hometown and Outlet Stores, Inc. (Sears Hometown) reported that it swung to a net loss in third quarter 2014, weighed down by certain non-cash charges and continued decline in the comparable store sales.
SFX Entertainment, Inc. (SFX Entertainment) has appointed Greg Consiglio as President and Chief Operating Officer of the Company. Consiglio will continue to hold the same titles at Viggle Inc (Viggle), the leading marketing and entertainment rewards platform founded by SFX Entertainment's CEO Robert F.X. Sillerman in 2010.
Shoe Carnival, Inc. (Shoe Carnival) announced that its Board of Directors authorized a new share repurchase program for up to $25 million of its outstanding common stock, effective January 1, 2015.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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