Latest Happenings From the Consumer Services Sector: New Research on Cencosud, Dollar General, Family Dollar, JC Penney, and Kohl's Corp
NEW YORK, February 25, 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 Cencosud (NYSE: CNCO), Dollar General (NYSE: DG), Family Dollar (NYSE: FDO), JC Penney (NYSE: JCP), and Kohl's Corp (NYSE: KSS). 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):
CNCO Research Report: ( http://get.analystsreview.com/pdf/?c=Cencosud&d=25-Feb-2015&s=CNCO ),
DG Research Report: ( http://get.analystsreview.com/pdf/?c=Dollar%20General&d=25-Feb-2015&s=DG ),
FDO Research Report: ( http://get.analystsreview.com/pdf/?c=Family%20Dollar&d=25-Feb-2015&s=FDO ),
JCP Research Report: ( http://get.analystsreview.com/pdf/?c=JC%20Penney&d=25-Feb-2015&s=JCP ),
KSS Research Report: ( http://get.analystsreview.com/pdf/?c=Kohl%27s%20Corp&d=25-Feb-2015&s=KSS ).
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Analyst Update: Investment Program, Merger Update, Collaboration, Philanthropic Initiative and Corporate Updates
Reviewed by: Rohit Tuli, CFA®
US stocks rose to record levels on Tuesday after Federal Reserve Chair Janet Yellen suggested that the central bank is not likely to begin raising interest rates for at least the next couple monetary policy meetings; and intends a rate hike only when they are "reasonably confident" that annual inflation is moving back toward their 2 percent target. The S&P 500 gained 5.82 points, or 0.28%, to end at 2,115.48, and the Dow Jones Industrial Average edged up 92.35 points or 0.51% to 18,209.19. The tech-heavy NASDAQ advanced for the tenth straight session, up 7.15 points or 0.14% to close at 4,968.12. Meanwhile, most of Europe's benchmark stock indices closed higher on Tuesday, following reports that Eurozone finance ministers, the European Commission, the European Central Bank and the International Monetary Fund have approved Greece's request for an extended €240 billion ($273 billion) bailout. Germany's DAX 30 rose 0.67% to 11,205.74, while, FTSE 100 gained 0.54% to 6,949.63. France's CAC 40 gained 0.50% to 4,886.44.
Cencosud S.A. (Cencosud) issued international bond worth $1 billion as part of a dual tranche offering. Payable at maturity, the offering was oversubscribed 3.0 times and was rated Baa3 by Moody's and BBB- by Fitch. The Company also announced its investment program for the period 2015-2018.
Dollar General Corporation (Dollar General) announced that Rick Dreiling will continue in his role as Chairman and Chief Executive Officer through January 29, 2016 or, if earlier, the appointment of a successor. The Company's Board of Directors also noted that it is currently engaged in the development of strategic growth plans, capital allocation priorities as well as leadership succession.
Family Dollar Stores, Inc. (Family Dollar) announced that its stockholders voted to approve the proposed merger with Dollar Tree, Inc., at the Company's Special Meeting of shareholders. The Company informed that based on the preliminary count, approximately 84 million shares were voted in favor of the merger proposal, which represents 74% of the total outstanding and 89% of the total shares voted.
JC Penney Company (JC Penney) announced that under its collaboration with Disney to promote the release of the feature-film - Cinderella, the Company has introduced a special line of products and a fully integrated marketing campaign, which encourages women empowerment across all ages.
Kohl's Cares, the philanthropic platform of Kohl's Corporation, announced that Kohl's Cares® Scholarship Program will award nearly $400,000 in scholarships and prizes to more than 2,500 students who have made a positive impact on their communities. According to the Company, acceptance of nominations for kids ages six to 18 with regard to the aforesaid scholarship program will close on March 13, 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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