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Computer & Electronics Retailers

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Vita Group responds to Fairfax Media article

Tuesday, 4 Apr 2017

Vita Group Ltd - : Vtg response to Fairfax Media Article published 4 April 2017 . Is aware of article published in media titled: "Leak reveals Telstra's considering taking back high performing stores from licensees" . Article alleges that Telstra has identified a number of stores that it could 'take back control [of] by not renewing telstra dealership agreement (tda) with licensees' . Telstra and vita group have a relationship presently governed by a master license agreement .Terms of master license agreement are confidential and any significant changes to it are subject to mutual agreement.

Casino has no plans for delisting, restructuring of Grupo Exito

Wednesday, 22 Jun 2016

Almacenes Exito SA :Said on Tuesday, in relation to media reports, Casino said has no intention to delist or restructure its public companies in Latin America, including Grupo Exito, CBD and Via Varejo , except for ongoing project involving e-commerce activities of Cnova and Via Varejo announced May 11.

Best Buy reports Q1 gaap earnings per share of $0.69

Tuesday, 24 May 2016

Best Buy Reports Better : Qtrly enterprise revenue $8,443 million versus $8,558 million last year . Qtrly domestic segment comparable sales essentially flat . For q2 fy17, our guidance is enterprise revenue in range of $8.35 billion to $8.45 billion . For q2 fy17, our guidance is enterprise and domestic comparable sales of approximately flat . Qtrly enterprise comparable sales fell 0.1 percent . Not raising full year outlook as q1 represents less than 15% of full year earnings . Expecting an approximate $0.03 net negative impact on q2 adjusted earnings per share from lapping of periodic profit sharing benefit from services plan portfolio . Expecting an approximate $0.06 negative impact from carryover of last september's services pricing investment on q2 adjusted earnings per share . Reaffirming previously provided full year financial outlook . Expecting slight declines in revenue in first half followed by growth in back half . In digital imaging, we are now expecting an approximate $0.03 to $0.04 negative impact for q2 due to april 2016 earthquake in japan . During q1 fy17, company made decisions to cease certain operations and restructure certain teams . As such, restructuring charges of $29 million were recorded primarily relating to asset impairments and severance in q1 . In q1 fy16, restructuring charges of $186 million were recorded primarily in relation to canadian brand consolidation . Than-Expected first quarter results.

Cnova contemplates reorganization of brazilian activities within Via Varejo

Thursday, 12 May 2016

Cnova Nv : Reg-Cnova n.v. : cnova n.v. Contemplates reorganization of its brazilian activities within via varejo . It has entered into a memorandum of understanding ("mou") with via varejo s.a. . Deal regarding a possible reorganization of its brazilian subsidiary, cnova brazil, within via varejo. . Cnova would receive 97 million of its own shares currently held by via varejo and cash consideration ranging from usd 32 million to usd 49 million . Via varejo would reimburse a debt currently owed by cnova brazil to cnova equivalent to approximately usd 127 million . Parties expect to reach a definitive agreement with respect to proposed transaction by beginning of q3 .Cnova's parent casino would make an offer to purchase outstanding ordinary shares of cnova from its public shareholders.

NIPPON TELEPHONE to dissolve wholly owned subsidiary in Hong Kong

Friday, 22 Apr 2016

NIPPON TELEPHONE INC:To dissolve its wholly owned subsidiary, HKNT CO., LIMITED, which has been engaged in the import and sales of used cell phone in Hong Kong, China.Effective date is to be determined.

Dick Smith updates on store closures in Australia and New Zealand

Wednesday, 13 Apr 2016

Dick Smith Holdings Ltd:Store closures announcement for Australia and New Zealand.Receivers announced the final date for the closure of 53 Australian stores and all remaining New Zealand stores.Stores will be closed progressively between 23 April and 26 April 2016 in Australia and 24 April and 30 April 2016 in New Zealand.

Teknosa Ic ve Dis Ticaret AS to merge with its wholly owned unit Kliksa

Wednesday, 6 Apr 2016

Teknosa Ic ve Dis Ticaret AS:Says to merge with its wholly owned unit Kliksa ic ve Dis Ticaret AS through taking over Kliksa's all active and passive assets.

K'S HOLDINGS announces merger between units

Monday, 18 Jan 2016

K'S HOLDINGS CORP:Says its wholly owned Ibaraki-based subsidiary engaged in cellphone retail business to merge with its wholly owned Ibaraki-based subsidiary engaged in agency business on April 1.Says the agency subsidiary to be dissolved after the transaction.

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