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Year: 2024

Lands’ End Announces Third Quarter 2024 Results

Gross margin increased approximately 360 basis points compared to the third quarter last yearAll profitability measures improved when compared to third quarter last yearReduced inventory for the seventh consecutive quarter DODGEVILLE, Wis., Dec. 05, 2024 (GLOBE NEWSWIRE) — Lands’ End, Inc. (NASDAQ: LE) today announced financial results for the third quarter ended November 1, 2024. Andrew McLean, Chief Executive Officer, stated, “Throughout the third quarter, we sustained momentum from our deliberate efforts to drive higher quality sales, resulting in growth in both gross margin and gross profit dollars. Our sharp focus on innovation and creating solutions for life’s every journey is supporting the continued evolution of our strategy and brand. In addition to serving our loyal existing customers, our new customer acquisition increased...

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Hooker Furnishings Reports Third Quarter Results Impacted By Multiple Charges

MARTINSVILLE, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) — Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (the “Company” or “HFC”), a global leader in the design, production, and marketing of home furnishings for 100 years, today reported its fiscal 2025 third quarter operating results for the period beginning July 29 and ending October 27, 2024. Fiscal 2025 Third Quarter OverviewResults for the third quarter were driven by continued macro-economic and industry-wide headwinds which resulted in low demand and $7.5 million in charges ($4.4 million net of tax based on the effective tax rate in the third quarter), including restructuring costs related to the Company’s previously announced cost savings plan ($3.1 million of mostly severance), the bankruptcy of a significant customer ($2.4 million of bad debt expense) and non-cash trade-name...

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Santech Holdings Limited Announces 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Requirement

HONG KONG, Dec. 05, 2024 (GLOBE NEWSWIRE) — Santech Holdings Limited (NASDAQ: STEC) (“Santech” or the “Company”) announced today that it has received an extension of the period to regain compliance with The Nasdaq Stock Market Inc.’s (the “Nasdaq”) the minimum bid price requirement (the “Minimum Bid Price Requirement”). On December 4, 2024, the Company received a letter from the staff of the Listing Qualifications Department of Nasdaq notifying the Company that, while the Company has not regained compliance with the Minimum Bid Price Requirement, Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until May 26, 2025, (the “Second Compliance Period”) to regain compliance. Nasdaq’s determination was in part based on (i) the Company meeting the applicable market...

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Duluth Holdings Inc. Announces Third Quarter 2024 Financial Results

Benefiting from our product and sourcing initiatives, gross margin expands 210 basis points to 52.3% Strong financial position with approximately $165 million of liquidity MOUNT HOREB, Wis., Dec. 05, 2024 (GLOBE NEWSWIRE) — Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal third quarter ended October 27, 2024. Summary of the Third Quarter ended October 27, 2024Net sales of $127.1 million Net loss of $28.5 million and adjusted net loss1 of $13.8 million, compared to net loss of $10.5 million in the prior year third quarter. Adjusted net loss of $13.8 million excludes $6.2 million of restructuring expense and $10.1 million valuation...

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Schneider Electric’s new research forecasts AI’s impact on energy consumption

The first report explores scenarios of AI’s electricity consumption over the next decade, while the second report demonstrates how AI-powered HVAC systems can improve energy efficiencyThe research was published during IEA’s global conference, where the company is in attendance Rueil-Malmaison, France, Dec. 05, 2024 (GLOBE NEWSWIRE) — Schneider Electric, the leader in the digital transformation of energy management and automation, today released two reports from its Sustainability Research Institute (SRI). These reports fill key knowledge gaps regarding AI’s impact on sustainability, particularly in energy use. The first research, Artificial Intelligence and Electricity: A System Dynamics Approach, examines four possible scenarios for AI’s electricity consumption over the next decade. Considering the growing concern around...

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Eurocastle Wins First Instance Appeal on German Tax Matter

Contact: Oak Fund Services (Guernsey) LimitedCompany AdministratorAttn: Hannah CrockerTel: +44 1481 723450         Eurocastle Wins First Instance Appeal on German Tax Matter Guernsey, 5 December 2024 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) (“Eurocastle” or the “Company”) today announces that it has won its appeal in the German courts against additional tax assessed in relation to a German property subsidiary for the period 2008 to 2012. The tax authorities now have a period to either appeal the judgment or issue revised tax assessments. The Company expects to be notified of their decision during the first quarter of 2025. The Company estimates its total exposure to the tax matter, which relates to the period 2008 – 2015, at up to €5.4 million of which the Company paid €3.7 million in respect of 2008 – 2012 while it sought...

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DOVRE GROUP’S FINANCIAL REPORTING IN 2025

Dovre Group Plc        Stock Exchange Release                December 5, 2024, at 11.30 am DOVRE GROUP’S FINANCIAL REPORTING IN 2025 Dovre Group Plc will disclose the following financial information in 2025:Financial Statements review 2024 on Wednesday, March 12, 2025 Trading statement January-March 2025 on Tuesday, April 29, 2025 Half-year financial report January-June 2025 on Wednesday, August 20, 2025 Trading statement January-September 2025 on Wednesday, October 29, 2025Dovre Group’s Financial Statements 2024 and Annual Report 2024 will be published online at the latest during the week beginning March 31, 2025. The company’s Annual General Meeting is planned to be held on Tuesday, April 29, 2025. Dovre Group’s Board of Directors will summon the meeting later. Dovre Group Plc observes a-three-week silent period prior to the release...

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Voluntary Public Tender and Exchange Offer for all the shares of Unieuro – Extension of the period for the submission of the requests for sale until 11 december 2024

PRESS RELEASEIvry-sur-Seine, France — December 5, 2024, 10:30 CEST THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IS NOT PERMITTED IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER COUNTRY WHERE SUCH COMMUNICATION WOULD VIOLATE THE RELEVANT APPLICABLE REGULATION VOLUNTARY PUBLIC TENDER AND EXCHANGE OFFER FOR ALL THE SHARES OF UNIEURO EXTENSION OF THE PERIOD FOR THE SUBMISSION OF THE REQUESTS FOR SALE UNTIL 11 DECEMBER 2024 Reference is made to the voluntary public tender and exchange offer (the “Offer”) pursuant to Articles 102 and 106, paragraph 4, of the Italian Legislative Decree no. 58 of February 24, 1998, as subsequently integrated and amended (the “CFA”), launched by Fnac Darty SA (“Fnac Darty”) and RUBY Equity Investment S.à r.l. (“Ruby”...

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Svitzer enters São Luís Port complex, strengthening presence in Brazil

Two tugboats were deployed to serve the ports of Itaqui, Ponta da Madeira, and Alumar. Rio de Janeiro, Brazil – 5 December 2024: Svitzer, a leading global towage and marine services provider, has begun operations in the Port of Itaqui in São Luís, Maranhão, marking another significant milestone in its expansion across Brazil. Over the past nine years, Svitzer has invested more than R$650 million in the country, reflecting its commitment to the Brazilian market and its strategy of delivering safe and reliable marine services to its customers. The Port of Itaqui, located in one of Brazil’s largest port complexes, is a critical logistical hub for the Central-North and Central Brazil corridors. With advanced infrastructure – including grain and fuel storage, deep berths for large vessels, and multimodal transport connections – the port is...

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Landsbankinn hf.: Offering of subordinated bonds

Landsbankinn will offer new series of subordinated bonds, LBANK T2I 36, for sale via auction held on Thursday 12 December at 15:00. An inflation-linked subordinated series will be offered for sale that counts towards Tier 2 capital. The bonds bear fixed interest rates payable annually and have a maturity in June 2036 with a call option in June 2031 and on every subsequent interest payment date thereafter (11.5NC6.5). The auction is a Dutch auction, where bonds will be offered at the same price, determined by the highest yield accepted in the auction. Landsbankinn reserves the right to accept any bid, either partially or in full, or to reject any bid, either partially or in full. Expected settlement date is 19 December 2024, The offering is not intended for retail investors. Landsbankinn Capital Markets will manage the auction. For further...

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