Sales Promotions, Acquisitions, Financial Results and Leadership Changes - Research Report on Family Dollar, Macy's, Harris Teeter, Williams-Sonoma, and PriceSmart

Mon Jul 15, 2013 8:00am EDT

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Sales Promotions, Acquisitions, Financial Results and Leadership Changes - Research Report on Family Dollar, Macy's, Harris Teeter, Williams-Sonoma, and PriceSmart

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NEW YORK, July 15, 2013 /PRNewswire/ --

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Today, Wall Street Reports announced new research reports highlighting Family Dollar Stores, Inc. (NYSE: FDO), Macy's Inc. (NYSE: M), Harris Teeter Supermarkets Inc. (NYSE: HTSI), Williams-Sonoma, Inc. (NYSE: WSM) and PriceSmart, Inc. (NASDAQ: PSMT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Family Dollar Stores, Inc. Research Report

On July 10, 2013, Family Dollar Stores, Inc. (Family Dollar) reported its financial results for Q3 FY 2013 (period ended June 1, 2013). Net sales increased 9.0% YoY to $2.6 billion. Net income of $120.9 million or $1.05 per diluted share, declined slightly compared to net income of $124.5 million or $1.06 per diluted share in Q3 FY 2012. Comparable store sales increased 2.9% YoY. Commenting on the results, Howard R. Levine, Chairman and Chief Executive Officer, said, "Our consumables sales remained strong and we continued to gain market share. However, our discretionary sales remained challenged as our customers have been forced to make spending choices between basic needs and wants. Consistent with market trends, we expect that our customers will continue to face financial headwinds. We are adapting accordingly, and we are focused on stabilizing gross margin, controlling expenses, improving inventory productivity, and driving greater operational efficiencies." The Full Research Report on Family Dollar Stores, 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/e1d4_FDO]

Macy's Inc. Research Report

On July 10, 2013, Macy's Inc. (Macy's) announced that the Company is taking social networking to a new level by offering fun, interactive ways to shop, connect, and stay-up-to-date on the latest trends and events that will help students prepare to go back to school in style. Macy's stated that beginning July 2013, the Company will offer back-to-school sales on various brands such as RACHEL Rachel Roy, Levi's, Ked's, American Rag, Teen Vogue, Material Girl, Nautica, The North Face, and more. Martine Reardon, Macy's Chief Marketing Officer said, "Whether buying on a budget or looking for the brands you love, Macy's is your one-stop shop for everything needed to head back in style. In addition to great fashion, we've also added exciting partnerships with hit television series, music acts and style-setters to add even more fun to the Macy's shopping experience for our customers."  The Full Research Report on Macy's 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/b799_M]

Harris Teeter Supermarkets Inc. Research Report

On July 9, 2013, Harris Teeter Supermarkets Inc. (Harris Teeter) and The Kroger Co. (Kroger) announced that they have signed a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash. The Company informed that the price represents a 33.7% premium to the Harris Teeter closing share price on January 18, 2013, the day of the first media report that Harris Teeter was evaluating strategic alternatives. According to Harris Teeter, the Company brings to Kroger an exceptional brand and a complementary base of 212 stores in attractive southeastern and mid-Atlantic markets and in Washington, D.C. The terms of the agreement were approved by the Boards of Directors of both companies. The merger is expected to close following the satisfaction of customary closing conditions including approval by Harris Teeter shareholders and regulatory approval. The Full Research Report on Harris Teeter Supermarkets 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/4bd5_HTSI]

Williams-Sonoma, Inc. Research Report

On July 8, 2013, Williams-Sonoma, Inc. (Williams-Sonoma) welcomed David Jimenez as Senior Vice President, Visual and Store Experience, for the Williams-Sonoma brand, and announced new leadership roles for three of its Senior Vice Presidents. According to the Company, Jimenez previously served as Vice President for Visual Merchandising and Store Design at Hallmark, where he supported the company's store evolution efforts and helped it improve performance through new levels of customer engagement. In addition, Peter Sassi was appointed as the Senior Vice President, Stores, of the Williams Sonoma brand, and Jeff Howie was appointed as the Senior Vice President, Inventory Management and Finance of the Williams Sonoma brand. Also, the Company informed that John Trifoso is expanding his current role as Senior Vice President, Pottery Barn Inventory Management, to lead the inventory management teams for the Pottery Barn, Pottery Barn Kids, and PBteen brands. The Full Research Report on Williams-Sonoma, 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/80ab_WSM]

PriceSmart, Inc. Research Report

On July 10, 2013, PriceSmart Inc. (PriceSmart) announced its financial results for Q3 FY 2013 (period ended May 31, 2013). Net warehouse club sales increased 12.3% YoY to $555.8 million. Total revenues were $571.7 million compared to $505.3 million in Q3 FY 2012. Net income was $18.5 million or $0.61 per diluted share compared to $15.7 million or $0.52 per diluted share in Q3 FY 2012. Additionally, PriceSmart said that for June 2013, net warehouse club sales increased 14.2% YoY to $186.9 million. For the four weeks ended June 30, 2013, comparable warehouse sales for the 29 warehouse clubs open at least 13 ½ full months increased 9.7% YoY. The Full Research Report on PriceSmart, 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/fd2a_PSMT]

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