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Steinhoff Says FSCA Fines Co 1.5 Bln Rand For Contravention Of Financial Markets Act

Thursday, 12 Sep 2019

Sept 12 (Reuters) - Steinhoff International Holdings NV ::STEINHOFF - FSCA FINES STEINHOFF FOR CONTRAVENTION OF FINANCIAL MARKETS ACT.STEINHOFF - FSCA HAS IMPOSED AN ADMINISTRATIVE PENALTY OF R1.5 BILLION ON STEINHOFF UNDER SECTION 81 OF FMA 2012.STEINHOFF - FSCA RESOLVED TO REMIT A PORTION OF ADMINISTRATIVE PENALTY RESULTING IN STEINHOFF PAYING A PENALTY OF R53 MILLION.STEINHOFF - FINANCIAL SECTOR CONDUCT AUTHORITY CONCLUDED INVESTIGATION INTO ALLEGED CONTRAVENTIONS OF FINANCIAL MARKETS ACT BY STEINHOFF.STEINHOFF - FSCA SAYS EVENTS SUBSEQUENT TO DEC 2017 HIGHLIGHTED GAP BETWEEN STEINHOFF GROUP'S PRIOR PUBLIC STATEMENTS AND FINANCIAL REALITY.STEINHOFF - FSCA CONCLUDED INVESTIGATION INTO ALLEGED CONTRAVENTIONS BY STEINHOFF BEFORE DISCOVERY OF ACCOUNTING IRREGULARITIES IN DEC 2017.STEINHOFF - FSCA SAYS "SIZE OF HEADLINE PENALTY REFLECTS SCALE AND SEVERITY OF REGULATORY BREACH".STEINHOFF CEO SAYS THERE ARE NO FURTHER ENFORCEMENT FSCA ACTIONS OUTSTANDING AGAINST STEINHOFF GROUP.

Appliance Recycling Centers Of America Has Been Renamed JanOne And Now Trades Under Ticker Symbol JAN

Wednesday, 11 Sep 2019

Sept 11 (Reuters) - Appliance Recycling Centers of America Inc ARCI.O::APPLIANCE RECYCLING CENTERS OF AMERICA INC - HAS BEEN RENAMED JANONE INC. AND NOW TRADES UNDER TICKER SYMBOL JAN.

Home24 H1 Revenue Up 19% To EUR 178 Million

Tuesday, 3 Sep 2019

Sept 3 (Reuters) - home24 SE ::STRONG INCREASE IN REVENUE TO EUR 85 MILLION IN Q2 2019, REPRESENTING 28% GROWTH IN CONSTANT CURRENCY COMPARED TO Q2 2018.H1 2019 REVENUE GREW TO EUR 178 MILLION REPRESENTING A GROWTH BY 19% IN CONSTANT CURRENCY.EBITDA IMPROVEMENT FROM -16% IN Q1 2019 TO -10% IN Q2 2019, ALSO IMPROVING 3%-POINTS COMPARED TO PREVIOUS YEAR..CONFIRMS ITS OUTLOOK AND EXPECTS REVENUE GROWTH AT CONSTANT CURRENCY IN 2019 TO REACH OR SLIGHTLY EXCEED 2018 GROWTH RATE IN CONSTANT CURRENCY (18%).FULL YEAR PROFITABILITY ON BASIS OF ADJUSTED EBITDA IS ACHIEVABLE IN 2020..

U.S. CPSC Says RH Recalls Turkish Robes Due To Violation Of Federal Flammability Standard

Friday, 30 Aug 2019

Aug 30 (Reuters) - U.S. Consumer Product Safety Commission::RH RECALLS TURKISH ROBES DUE TO VIOLATION OF FEDERAL FLAMMABILITY STANDARD.

Adairs Sees Sales In Fy2020 In Range Of $360 Mln To $375 Mln

Monday, 26 Aug 2019

Aug 26 (Reuters) - Adairs Ltd ::SEES SALES IN FY2020 IN RANGE OF $360 MILLION TO $375 MILLION.

Adairs Posts FY Net Profit After Tax For Period Attributable $29.6 Mln

Monday, 26 Aug 2019

Aug 26 (Reuters) - Adairs Ltd ::FY NET PROFIT AFTER TAX FOR PERIOD ATTRIBUTABLE $29.6 MILLION, DOWN 3.0%.FY REVENUE FROM CONTINUING OPERATIONS $344.4 MILLION , UP 9.4%.FINAL DIVIDEND 8.0 CENTS PER ORDINARY SHARE.

Sotheby's Says Director Sells 11,000 Shares In Open Market

Thursday, 22 Aug 2019

Aug 22 (Reuters) - Sotheby's ::SOTHEBY'S SAYS DIRECTOR DENNIS WEIBLING REPORTS OPEN MARKET SALE OF 11,000 SHARES IN MULTIPLE TRANSACTIONS AT AVERAGE PRICE OF $58.72PER SHARE ON AUG 20 - SEC FILING.

Laura Ashley Reports Annual Loss In Tough Year For Retail Industry

Thursday, 22 Aug 2019

Aug 22 (Reuters) - Laura Ashley Holdings PLC ::FY PRETAX LOSS -14.3 MILLION STG.ASHLEY (LAURA) HLDGS - FINAL RESULTS.FY SALES 232.5 MILLION STG VERSUS 257.2 MILLION STG YEAR AGO.BOARD IS NOT RECOMMENDING PAYMENT OF A DIVIDEND..LAST TWELVE MONTHS HAVE PROVED TO BE A DIFFICULT TRADING PERIOD FOR GROUP AND INDEED FOR RETAIL SECTOR AS A WHOLE.FY LOSS BEFORE TAX AND EXCEPTIONAL ITEMS OF £9.8M (2018: PROFIT OF £5.6M)..FY STATUTORY LOSS BEFORE TAX OF £14.3M (2018: PROFIT OF £0.1M)..FY TOTAL GROUP SALES OF £232.5M (2018: £257.2M)..FY TOTAL LIKE-FOR-LIKE RETAIL SALES DOWN 3.5%..PRIMARY CAUSES FOR YEAR-ON-YEAR DROP IN FY PROFIT HAVE BEEN PERFORMANCE OF HOME FURNISHING.FY ONLINE REVENUE OF £51.2M (2018: £59.7M).BOARD IS NOT RECOMMENDING PAYMENT OF A DIVIDEND..FY FASHION LIKE-FOR-LIKE RETAIL SALES UP 9.2%..OVER COMING YEAR, WE WILL OPEN TWO NEW STORES AND CLOSE FIVE TO SEVEN STORES AS WE CONTINUE TO OPTIMISE STORE PORTFOLIO.ANNOUNCES RECENTLY SIGNED A MASTER LICENSING AGREEMENT WITH IMG TO MARKET AND DEVELOP BRAND IN CHINA.CONFIDENT IN OUR BUSINESS STRATEGY WHICH IS TO CREATE A TOTAL LIFESTYLE EXPERIENCE.TRADING FOR SEVEN WEEKS TO 17 AUGUST 2019 IS PERFORMING IN LINE WITH MANAGEMENT EXPECTATIONS.

Steinhoff Does Not Expect Further Impact On Financial Statements From Forensic Investigation

Tuesday, 13 Aug 2019

Aug 13 (Reuters) - Steinhoff International Holdings NV ::STEINHOFF - SHAREHOLDERS AND OTHER INVESTORS IN COMPANY ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN SECURITIES OF GROUP..STEINHOFF - TOTAL DEBT INVOLVED IN RESTRUCTURE – SEAG €5.6 BILLION; SFHG €2.8 BILLION; HEMISPHERE €0.4 BILLION (31 MARCH 2019).STEINHOFF - SEAG/SFHG CVAS IMPLEMENTED IN AUGUST 2019.STEINHOFF - DO NOT ANTICIPATE ANY FURTHER IMPACT ON THE FINANCIAL STATEMENTS FROM FORENSIC INVESTIGATION.STEINHOFF - TURNOVER REMAINS STRONG; PROFITABILITY IS THE CHALLENGE.STEINHOFF SAYS "WHERE APPROPRIATE, DIVESTMENTS ARE BEING CONSIDERED".STEINHOFF - ACCOUNTING IRREGULARITIES MASKED POOR FINANCIAL PERFORMANCE OF SOME BUSINESSES IN PRIOR YEARS.STEINHOFF -SOME BUSINESSES ARE PERFORMING WELL, ACCOUNTING IRREGULARITIES MASKED POOR FINANCIAL PERFORMANCE IN SOME UNITS IN PRIOR YEARS.STEINHOFF - CAPITAL EXPENDITURE CONTROLLED.STEINHOFF -STRATEGY IS TO FURTHER STABILISE GROUP, MANAGE STEINHOFF AS AN INVESTMENT HOLDING COMPANY.STEINHOFF -FOCUS IS ALSO TO PROVIDE SUPPORT TO REGULATORS AND ENFORCEMENT AGENCIES.STEINHOFF - KEY MANAGEMENT FOCUS IS ON CREDITORS ARRANGEMENT WITH CVA IMPLEMENTATION STARTED, RESTRUCTURE GROUP TO CUT DEBT, MANAGE LITIGATION RISK.STEINHOFF - BOARD SUB-COMMITTEES RECONSTITUTED: NEW GOVERNANCE, SOCIAL AND ETHICS COMMITTEE.STEINHOFF - BOARD SUB-COMMITTEES RECONSTITUTED WILL BE REVIEWED AFTER THE AGM.STEINHOFF - THREE OF THE EIGHT CONTINUING MEMBERS OF SUPERVISORY BOARD ARE UP FOR ELECTION AT THE AGM.

Westwing Group Expects To Return To Profitable Growth By End Of 2019

Tuesday, 13 Aug 2019

Aug 13 (Reuters) - Westwing Group AG ::DGAP-NEWS: WESTWING REPORTS SECOND QUARTER 2019 RESULTS.Q2 EUR 58M REVENUE (-1% YEAR ON YEAR GROWTH) AND AN ADJUSTED EBITDA MARGIN OF -8%.EXPECT TO RETURN TO PROFITABLE GROWTH BY END OF 2019.EXPECTS TO SEE OPERATING LEVERAGE ON ITS SG&A COST BASE THROUGH INCREASED GROWTH IN SECOND HALF OF YEAR.

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