Mergers, Mobile Technologies, and New Stores and Offices to Support Long-Term Growth - Research Report on Saks, eBay, Nordstrom, Dick's, and American Eagle Outfitters Editor Note: For more information about this release, please scroll to bottom
NEW YORK, August 1, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Saks Incorporated (NYSE: SKS), eBay Inc. (NASDAQ: EBAY), Nordstrom Inc. (NYSE: JWN), Dick's Sporting Goods Inc. (NYSE: DKS), and American Eagle Outfitters, Inc. (NYSE: AEO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Saks Incorporated Research Report
On July 29, 2013, Saks Incorporated (Saks) and Hudson's Bay Company (HBC) jointly announced that the two have entered into a definitive merger agreement, whereby HBC will acquire Saks for US$16.00 per share in an all-cash transaction valued at approximately US$2.9 billion, including debt. Saks reported that the transaction has been approved by the Board of Directors of each company and is expected to be completed before the end of 2013, subject to approval by Saks shareholders, regulatory approvals, and other customary closing conditions. Steve Sadove, Chairman and CEO of Saks, commented, "We believe this transaction delivers compelling value to our shareholders and that Saks Fifth Avenue is an excellent fit within the HBC organization. We also believe that HBC recognizes the tremendous value of our people, our real estate, our customer and vendor relationships, and most importantly the power and potential of our iconic brand. The $16 per share price represents an approximate 30% premium to the May 20, 2013 closing price, the day before media speculation began." The Full Research Report on Saks Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-30/SKS]
eBay Inc. Research Report
On July 25, 2013, eBay Inc. (eBay) announced that StubHub Mobile has successfully launched its pricing alerts. eBay reported that customers may download the StubHub app onto iPhone and Android phones, and begin searching for Upcoming Events. According to eBay, the new StubHub Mobile has a pricing alert technology to help the users find available tickets, regardless of their budget. StubHub Mobile users can simply choose an event, press the price alert button, and set the highest price they are willing to pay for that ticket. eBay also reported that once there is a match to the customer's selection, an instant notification will be sent to their mobile phones. Parag Vaish, Head of Mobile for StubHub, said, "This is a really exciting technology for StubHub mobile because it's really our first entry into notification technology. It opens up a whole new world of opportunities." The Full Research Report on eBay Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-30/EBAY]
Nordstrom Inc. Research Report
On July 17, 2013, Nordstrom Inc. (Nordstrom) announced that it plans to open a 35,000 square-foot Nordstrom Rack at Palm Beach Outlets in West Palm Beach, Florida in fall 2014. Geevy Thomas, President of Nordstrom Rack, commented, "We're grateful for the tremendous response we've had from our southeast Florida customers ever since we arrived. We've been focused on growing our store presence throughout Florida, and are looking forward to helping more customers who live in and visit Palm Beach County when we open next year." Stephen R. Karp, Chairman of New England Development, stated, "Nordstrom Rack will make Palm Beach Outlets an exciting shopping destination for local and regional residents as well as thousands of tourists and visitors to Palm Beach County." The Full Research Report on Nordstrom Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-30/JWN]
Dick's Sporting Goods Inc. Research Report
On July 25, 2013, Dick's Sporting Goods Inc. (Dick's) announced that it is celebrating the three-day grand opening of its new Southpark Mall location, 324 Southpark Circle, from August 2 to August 4, 2013. Dick's reported that special extended store hours will be in effect for Friday (8:00 a.m. to 10:00 p.m.), Saturday (8:00 a.m. to 10:00 p.m.), and Sunday (9:00 a.m. to 8:00 p.m.). Lauren Hobart, Dick's Sporting Goods Chief Marketing Officer, said, "We look forward to becoming part of the Colonial Heights community and serving all athletes by providing the equipment they need to help them excel." The Full Research Report on Dick's Sporting Goods Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-30/DKS]
American Eagle Outfitters, Inc. Research Report
On July 23, 2013, American Eagle Outfitters, Inc. (American Eagle Outfitters) announced that it has successfully opened its first corporate office in San Francisco, California. American Eagle Outfitters reported that the new office at 49 Stevenson Street will serve as progressive technology center dedicated to supporting its engineers, designers and digital marketing teams to support the Company's omni-channel strategy, focused on creating a seamless, personalized consumer shopping experience across all its purchasing channels. Joe Megibow, Senior Vice President and General Manager of Omni-Channel eCommerce and Head of the San Francisco office, stated, "We are investing heavily in the top talent San Francisco and the Bay Area has to offer and recognize the strategic value of being close to our technology partners in the area. We try to put the customer at the center of everything we do, and are committed to leveraging best-in-class technology that provides our customers with a superior shopping experience now and in the years to come." The Full Research Report on American Eagle Outfitters, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-30/AEO]
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SOURCE Investors' Reports