Service Expansions, Social Responsibility Reports, Monthly Sales Performance, Proposed Acquisitions and Quarterly Results - Research Report on Netflix, Gap, Limited Brands, rue21, and Francesca's
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NEW YORK, September 18, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Netflix, Inc. (NASDAQ: NFLX), Gap Inc. (NYSE: GPS), Limited Brands, Inc. (NYSE: LTD), rue21, Inc. (NASDAQ: RUE), and Francesca's Holdings Corporation (NASDAQ: FRAN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Netflix, Inc. Research Report
On September 11, 2013, Netflix Inc. (Netflix) announced that it has expanded its services reach to Netherlands. According to the Company, Dutch customers can now have instant access to the services of the leading internet television network, including Hollywood blockbusters, top TV shows, documentaries, independent films, stand-up comedy, a wide range of kids' titles and local Dutch titles, streaming from Netflix for €7.99 per month. Reed Hastings, Co-founder and CEO of Netflix, said, "The Dutch have incredible broadband, but until today have not been able to take full advantage of their fast connections. Now people in the Netherlands can subscribe to Netflix and instantly watch great TV shows and movies anywhere, anytime, for one low monthly price." The Full Research Report on Netflix, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c1c4_NFLX]
Gap Inc. Research Report
On September 9, 2013, Gap Inc. (Gap) announced the release of its sixth Social & Environmental Responsibility Report. According to Gap, the report covers the details of the Company's long-standing commitment to local communities and efforts to improve social and environmental performance globally. The Company stated that it is was one of the first apparel companies to issue a comprehensive and transparent social responsibility report and continues to re-examine the progression of this work against the backdrop of the company's global growth. "Our commitment to social and environmental responsibility remains a cornerstone of how we conduct and grow our business," said Glenn Murphy, Chairman and CEO of Gap Inc. "While as a company we will never stop striving for improvement, our legacy of leadership in this work is extremely meaningful to me and to our employees." The Full Research Report on Gap Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3877_GPS]
Limited Brands, Inc. Research Report
On September 5, 2013, Limited Brands, Inc. (Limited Brands) reported its sales for the month of August 2013. According to the Company, its net sales for the four weeks ended August 31, 2013 stood at $704.7 million, compared to $665.6 million reported during the four weeks ended August 25, 2012. The Company informed that its comparable store sales grew 2% YoY during the month. Additionally, Limited Brands reported that its net sales for the 30 weeks ended August 31, 2013 was $5.5 billion, up 5.2% YoY, and comparable store sales for the same period grew 2% YoY. The Full Research Report on Limited Brands, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3343_LTD]
rue21, Inc. Research Report
On September 9, 2013, rue21, Inc. (rue21) announced that the two leading independent proxy voting advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. have recommended rue21 shareholders to vote in favor of the proposed acquisition by Apax Partners. Earlier, on May 23, 2013, the Company had reported that it has entered into a definitive agreement under which funds advised by Apax Partners will acquire all outstanding shares of the Company for $42.00 per share in cash. rue21 further informed that it has arranged a special shareholders meeting on September 19, 2013 at 9:00 a.m. ET to consider and vote on the acquisition. The Full Research Report on rue21, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e81f_RUE]
Francesca's Holdings Corporation Research Report
On September 4, 2013, Francesca's Holdings Corp. (Francesca's) announced its Q2 FY 2013 results (period ended August 3, 2013), with net sales of $89.6 million, up 17.3% YoY. The Company posted net income of $14.6 million, up 15.5% YoY during the quarter. Commenting on the results, Neill P. Davis, CEO of Francesca's said, "While we posted high teens increases in second quarter and year to date sales and earnings, our second quarter sales performance was softer than we anticipated. We were able to maintain strong profitability with operating income margins only modestly below the prior year levels. Our performance in the quarter reflects the anniversary of very strong rates of growth in the prior year; lower levels of customer traffic most evident in the later part of the second quarter and the lack of a dominant apparel fashion trend." In addition, the Company's Board of Directors authorized a $100 million share repurchase program to commence immediately. Commenting on the authorization, Davis said, "The share repurchase authorization reflects confidence in our growth plans as well as our commitment to return excess capital to our shareholders thereby enhancing shareholder returns." The Full Research Report on Francesca's Holdings Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b876_FRAN]
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