Strategies for Growth: Rewards Programs, Omnichannel Stores, and Acquisitions - Research Report on Barnes & Noble, Staples, Office Depot, Sotheby's, and Jos. A. Bank Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 28, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Barnes & Noble, Inc. (NYSE: BKS), Staples, Inc. (NASDAQ: SPLS), Office Depot Inc. (NYSE: ODP), Sotheby's (NYSE: BID), and Jos. A. Bank Clothiers Inc. (NASDAQ: JOSB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Barnes & Noble, Inc. Research Report
On June 25, 2013, Barnes & Noble, Inc. (Barnes & Noble) announced its financial results for Q4 FY 2013 and full-year FY 2013 (period ended April 27, 2013). For Q4 FY 2013, the Company's consolidated revenues decreased 7.4% YoY to $1.3 billion. Net loss was $118.6 million or $2.11 per share as compared to net loss of $56.9 million or $1.06 per share in Q4 FY 2012. For full-year FY 2013, the Company's revenues decreased 4.1% YoY to $6.8 billion. Consolidated net losses were $154.8 million or $2.97 per share as compared to $65.6 million or $1.35 per diluted share in FY 2012. Commenting on the results, William Lynch, Chief Executive Officer of Barnes & Noble, said, "Our Retail and College businesses delivered strong financial performances in fiscal year 2013. We are taking big steps to reduce the losses in the NOOK segment, as we move to a partner-centric model in tablets and reduce overhead costs. We plan to continue to innovate in the single purpose black-and-white eReader category, and the underpinning of our strategy remains the same today as it has since we first entered the digital market, which is to offer customers any digital book, magazine or newspaper, on any device." The Full Research Report on Barnes & Noble, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/994e_BKS]
Staples, Inc. Research Report
On June 20, 2013, Staples, Inc. (Staples) announced the launch of its first omnichannel stores. According to Staples, the new stores, located in Norwood, Massachusetts, and Dover, Delaware, incorporate Staples.com and Staples' mobile assets into the retail experience, enabling customers to shop the way they want. In line with Staples' vision of providing every product businesses need in order to succeed, the new stores feature Staples.com kiosks, providing customers with the widest range of items. Staples informed that its customers can select from more than 100,000 items, including the latest tech products, furniture, school supplies, and cleaning and breakroom items. The stores also feature consultation areas for small business customers who are in need of help from Staples EasyTech and Copy and Print Associates. Additional features include a business lounge, the ability to reserve online and pick up in store, and ink and toner finders. The Company said that it had recently launched its Staples Rewards program, with new benefits such as 5% back in rewards on every purchase and free shipping from Staples.com. The Full Research Report on Staples, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f374_SPLS]
Office Depot Inc. Research Report
On June 25, 2013, Office Depot, Inc. (Office Depot) unveiled Office Depot Rewards, a rewards program that provides members with numerous ways to earn and maximize their reward points. Members can increase their rewards based on the way they shop for products and services, connect with the Company, and recycle. Starting July 1, 2013, Office Depot informed that its customers can sign up for either one of three categories: Local Businesses, Loyal Customers, or Star Teachers. Members will then receive personalized offerings designed exclusively for them, and also receive rewards certificates for every 1000 points they earn. Further, customers can become "Choice Members" by spending $200 in a quarter, helping them earn extra points on their favorite products. The Full Research Report on Office Depot Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/ebd4_ODP]
Sotheby's Research Report
On June 24, 2013, Sotheby's announced that Vinci Chang has been appointed as a Consultant and will be responsible for business and client development activities in Asia, with a special focus on 20th Century Chinese Art and Contemporary Asian Art. With over 15 years of experience, Ms. Chang has held important positions in the international auction business in both Taipei and Hong Kong. According to Sotheby's Kevin Ching, Chief Executive Officer of Sotheby's Asia, "Vinci brings with her enormous expertise and experience in the art and auction business, as well as a network of key collectors and galleries worldwide. I am delighted to welcome Vinci to Sotheby's." The Full Research Report on Sotheby's - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a511_BID]
Jos. A. Bank Clothiers Inc. Research Report
On June 21, 2013, Jos. A. Bank Clothiers, Inc. (Jos. A. Bank) confirmed that it has been and is considering strategic opportunities to enhance shareholder value, including seeking potential acquisitions to facilitate additional growth. Jos A. Bank stated that it intends to retain capital not needed for operations to provide the Company with the flexibility to pursue its strategic opportunities. Finaco, LLC, an investment banking firm, has been assisting the Company in its consideration and evaluation of various strategic options. The Company revealed that it has been and will continue to seek potential acquisitions that are strategically sound and accretive in the long run, though no timetable has been set for any acquisition. The Full Research Report on Jos. A. Bank Clothiers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3322_JOSB]
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