Atlanta, GA – Scibility Media – 10/10/2014
This article discusses three retailers: Smart & Final Stores Inc(NYSE:SFS), SUPERVALUE(NYSE:SVU), and Pier 1 Imports Inc(NYSE:PIR)
Smart & Final Stores Inc(NYSE:SFS) is a California-based grocery store company that operates warehouse-style stores under the Smart & Final and Cash & Carry banners in the Western United States. On Oct. 6th, the company announced that the underwriters of the company’s recent initial public offering had exercised their right to purchase 2,017,500 shares of common stock to cover over-allotments. The company closed its public offering 13,450,000 shares on Sept. 29th.
SUPERVALU INC(NYSE:SVU) is a Minneapolis-based company that operates a network of 3,320 grocery stores in the United States, including 1,325 Save-A-Lot stores. The company will be hosting its fiscal 2015 second quarter financial results conference call on Oct. 16th, 2014. On Sept. 29th, the company announced that it had discovered malware on its point of sale systems. While the company believes that it was able to mitigate the risk of data theft, the news is surely negative given the memories of last year’s Target debacle.
Pier 1 Imports Inc(NYSE:PIR) is currently a relatively liquid stock with a bid price of $11.60 x 300 and an offer price of $12.63 x 500. On Sept. 26th, the global importer of home décor and furniture declared a quarterly cash dividend of six cents per share on the company’s outstanding shares of common stock, of which the company recorded 91.8 million. The Texas-based company announced that its e-commerce sales had grown by 10% during the second quarter of fiscal year 2015.
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