The Most Valuable Updates in the Consumer Services Sector: Special Research on EVINE Live, zulily, Alibaba Group, LightInTheBox, and Systemax
NEW YORK, February 18, 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 EVINE Live (NASDAQ: EVLV), zulily (NASDAQ: ZU), Alibaba Group (NYSE: BABA), LightInTheBox (NYSE: LITB), and Systemax (NYSE: SYX). 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):
EVLV Research Report: ( http://get.analystsreview.com/pdf/?c=EVINE%20Live&d=18-Feb-2015&s=EVLV ),
ZU Research Report: ( http://get.analystsreview.com/pdf/?c=zulily&d=18-Feb-2015&s=ZU ),
BABA Research Report: ( http://get.analystsreview.com/pdf/?c=Alibaba%20Group&d=18-Feb-2015&s=BABA ),
LITB Research Report: ( http://get.analystsreview.com/pdf/?c=LightInTheBox&d=18-Feb-2015&s=LITB ),
SYX Research Report: ( http://get.analystsreview.com/pdf/?c=Systemax&d=18-Feb-2015&s=SYX ).
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Analyst Update: Appointments, Quarterly Results, Strategic Investments, New Facilities, and Acquisitions
Reviewed by: Rohit Tuli, CFA®
The US market ended Tuesday's session with modest gains on growing optimism among investors that Greece will seek an extension to its rescue deal on Wednesday, following an unsuccessful talk on Monday. Although three US key benchmark indices started the day in the negative zone, stocks gained momentum in the afternoon hours as investors kept an eye on talks between Greece and its Eurozone creditors, helping S&P 500 and Dow Jones Industrial Average to score fresh records at day end. The S&P 500 gained 3.35 points or 0.16% to end at 2,100.34, another new record closing high. The Dow edged up 28.26 points or 0.16% to 18,047.58, which is a new 2015 record, while the NASDAQ Composite inched up 5.43 points or 0.11% to 4,899.27. During the day, US traders also largely shrugged off report from the National Association of Home Builders that showed an unexpected deterioration in homebuilder confidence. Meanwhile, the European market ended on mixed note on Tuesday on reports of Greece's resistance towards an extension of the current bailout program, while Eurozone ministers refused to loosen their terms.
EVINE Live Inc has appointed Wade Gerten as Vice President of its Digital division. He will report to CEO Mark Bozek and lead the online, mobile and social media teams in addition to the marketing and creative teams.
zulily, inc.(zulily) announced its Q4 and full-year 2014 results. Net sales for Q4 2014 increased 52% YoY to $391.3 million while full-year 2014 sales jumped 72% YoY to $1.2 billion. Adjusted EBITDA for the quarter increased to $20.3 million from $17.8 million in Q4 2013. Full-year 2014 net income stood at $14.9 million versus $12.9 million in 2013.
Alibaba Group Holding Limited (Alibaba Group) has agreed to invest $590 million for a minority stake in Meizu Technology Corporation Ltd., one of China's leading smartphone manufacturers. The investment, which is subject to customary closing conditions, is expected to result in a deeper integration of Meizu's hardware and Alibaba Group's mobile operating system.
LightInTheBox Holding Co., Ltd. (LightInTheBox) has opened its first self-operating North American fulfillment center in Reno, Nevada. This effort is part of the Company's strategy of establishing leadership in global ecommerce fulfillment and logistic planning.
Global Industrial, a subsidiary of Systemax Inc. (Systemax), has completed its previously announced acquisition of the Plant Equipment Group ("PEG"), a business-to-business direct marketer of maintenance, repair and operations ("MRO") products, from TAKKT America for $25.9 million in cash, subject to certain post-closing working capital adjustments.
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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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