Cash Dividend Declaration, Pricing of Notes Offering, Employee Initiative, Acquisition and Leadership Program - Analyst Notes on Costco, Restoration Hardware, Best Buy, Men's Wearhouse and ANN
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NEW YORK, June 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Costco Wholesale Corporation (NASDAQ: COST), Restoration Hardware Holdings, Inc. (NYSE: RH), Best Buy Co. Inc. (NYSE: BBY), The Men's Wearhouse, Inc. (NYSE: MW) and ANN INC (NYSE: ANN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4202-100free.
Costco Wholesale Corporation Analyst Notes
On June 23, 2014, the Board of Directors of Costco Wholesale Corporation (Costco) declared a quarterly cash dividend on its common stock of $0.355 per share, payable on July 25, 2014, to shareholders of record at the close of business on July 11, 2014. Costco stated that it plans to open up to an additional six new warehouses prior to the end of its fiscal year on August 31, 2014. The full analyst notes on Costco are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/COST/report.pdf
Restoration Hardware Holdings, Inc. Analyst Notes
On June 18, 2014, Restoration Hardware Holdings, Inc. (Restoration Hardware) announced the pricing of $300 million of 0% convertible senior notes due 2019 at a 35% conversion premium to the day's closing stock price of $85.99. According to the Company, initial purchasers of the notes were granted a 13-day option to purchase up to an additional $50 million of the notes on the same terms and conditions for a total potential offering size of up to $350 million. Restoration Hardware informed that it intends to use the proceeds from the offering to pay the net cost of the convertible note hedge transactions and to repay all of the outstanding indebtedness under the Company's credit facility. The full analyst notes on Best Buy are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/RH/report.pdf
Best Buy Co. Inc. Analyst Notes
On June 23, 2014, Best Buy Co. Inc. (Best Buy) reported that an initiative started by one of its employees has helped to reduce cases of shoplifting, employee theft, cashier errors or merchandise mistakes etc in its store in Collegeville, Pennsylvania. David Simpson, a Best Buy's employee created a series of development classes called "Seal Team Six," to teach the importance of shrink and safety while empowering employees to create their own shrink-stomping practices. As a result, the store's shrink numbers dropped significantly and are now at nearly 100% compliance within Best Buy product protection standards. Best Buy's General Manager, Neil Henning said, "Dave came up with the idea, the agendas, ran the classes, and got his peers involved in bringing up shrink and safety topics." The full analyst notes on Best Buy are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/BBY/report.pdf
The Men's Wearhouse, Inc. Analyst Notes
On June 18, 2014, The Men's Wearhouse, Inc. (Men's Wearhouse) announced that it has completed the acquisition of Jos. A. Bank Clothiers, Inc. According to Men's Wearhouse, the acquisition was effected through the previously announced all-cash tender offer by its wholly owned subsidiary, Java Corp., to acquire all of the issued and outstanding shares of common stock of Jos. A. Bank for $65.00 net per share in cash. Men's Wearhouse President and CEO, Doug Ewert commented, "We are thrilled to have closed on the acquisition of Jos. A. Bank and are eager to begin the integration process with their talented employees to create a truly great company for all of our stakeholders. With more than 1,700 stores, approximately 26,000 employees and sales of $3.5 billion on a pro forma basis, our combined company has increased scale and breadth that broadens our best-in-class offerings for our valued customers and new customers alike." As a result of the merger, each share of common stock of Jos. A. Bank issued and outstanding and not tendered in the tender offer were converted into the right to receive an amount in cash equal to $65.00, without interest and less any required withholding taxes. The full analyst notes on Men's Wearhouse are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/MW/report.pdf
ANN INC Analyst Notes
On June 23, 2014, ANN INC (ANN) announced that it has successfully completed the third annual ANNpower Vital Voices Leadership Forum held in Washington, D.C, in which 50 exceptional young women from around the United States in their sophomore and junior years of high school participated in a four-day comprehensive leadership training and mentorship program. According to ANN, based on the Vital Voices Leadership Model, the ANNpower Leadership Forum curriculum includes training and mentorship from the Company's executives, global leaders from the Vital Voices Global Leadership Network, and notable women role models. "I am amazed by our ANNpower Fellows and their compelling ideas for making social progress in their communities," said Kay Krill, President and CEO of ANN, "By providing them with real-life lessons and leadership skills from an impressive set of leaders, I hope they will leave with the confidence and tools to turn their ideas into impact." The full analyst notes on ANN are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/ANN/report.pdf
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