Tag Archives: EVP

DIRECTV CIO On Getting IT To Recover From Fear Of Failure

By Gil Press, Contributor

At DIRECTV, EVP and CIO Mike Benson told me recently, “There is not a single thing that the business can do without IT being involved. There is an IT component—a critical IT component—in all business activities, from creating a new offer to caring for our customers.” …read more

Source: FULL ARTICLE at Forbes Latest

Target Practice: The Power Of Predictive Analytics

By Rahim Kanani, Contributor

“We have built a model that can predict with 75% accuracy the likelihood that a home will sell in the next 30, 60 or 90 days,” says Scott Bailey, EVP of strategy and analytics for Target Data, a marketing firm that combines big data and analytics to help businesses target consumers during the major life event of moving. In a recent interview, Bailey paints an intricate picture of how big data is shifting the landscape when it comes to the housing market, and why that matters. …read more

Source: FULL ARTICLE at Forbes Latest

Forbes Media Promotes Mark Howard To Chief Revenue Officer

By Forbes PR, Forbes Staff Forbes Media today announced the promotion, effective immediately, of the company’s SVP of Digital Advertising Strategy Mark Howard to Chief Revenue Officer.  In his new role, Mr. Howard will be responsible for the U.S. and European digital and print sales organization, marketing and advertising solutions.  Forbes Media Chief Revenue Officer Meredith Levien has decided to leave Forbes to assume the role of EVP of Advertising at The New York Times. …read more

Source: FULL ARTICLE at Forbes Latest

Pitney Bowes Reorganizing Operations; Shearer, Wright Named to Senior Roles

By Business Wirevia The Motley Fool

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Pitney Bowes Reorganizing Operations; Shearer, Wright Named to Senior Roles

New Leadership for Mailing, Software Businesses

STAMFORD, Conn.–(BUSINESS WIRE)– Pitney Bowes Inc. (NYS: PBI) today announced it is planning to reorganize its business operations and is making two leadership appointments in newly-constituted SMB Mailing and Software businesses. Mark Shearer is joining the company as Executive Vice President and President, Pitney Bowes SMB Mailing Solutions and Mark Wright is joining as Executive Vice President and President, Pitney Bowes Software Solutions. These appointments are a continuation of the reorganization of business operations that began with the previously-announced establishment of the Global Client Services organization and the appointment of Kevin Connolly last month.

Mark Shearer, newly-appointed EVP and President, Pitney Bowes SMB Mailing Solutions (Photo: Business Wire)

Shearer and Wright will join the company on April 15, and both will report directly to President and CEO Marc Lautenbach.

As president of Pitney Bowes SMB Mailing Solutions, Shearer takes on the leadership of an organization that will be focused on mailing products and technologies worldwide in the small and medium sized marketplace. Pitney Bowes has been a world leader in this business for 93 years. Shearer’s role is to drive an ever-improving client experience to this marketplace, to move best products and practices rapidly across national borders and markets, and to simplify the ways in which clients can interact with the company in the future.

Shearer had a 30-year career at IBM, where he held a broad range of general management, business and product strategy, and marketing senior leadership positions. He led both startup and mature businesses, with deep experience in the SMB space, and excelled at leading complex global organizations. Notable accomplishments at IBM included leading IBM‘s first pre-defined services package for small and medium size clients, leading worldwide sales relationships with large financial institutions and creating growth with telecom and media clients in Asia Pacific. He also held senior roles in marketing, which included the successful re-launch of the IBM mainframe, leading the $2B IBM System I business, and, in his last role at IBM, serving as VP of Marketing and Strategy for IBM‘s $20B hardware businesses.

As President of Pitney Bowes Software, Wright will take over an expanded portfolio that will bring into one organization a broader spectrum of the company’s software offerings. In addition to …read more

Source: FULL ARTICLE at DailyFinance

Affymetrix Announces Preliminary Revenue for First Quarter 2013

By Business Wirevia The Motley Fool

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Affymetrix Announces Preliminary Revenue for First Quarter 2013

SANTA CLARA, Calif.–(BUSINESS WIRE)– Affymetrix, Inc. (NAS: AFFX) today reported that based on preliminary financial data, the Company expects total revenue of approximately $78 million for the first quarter of 2013, including revenue of approximately $19 million from eBioscience. The Company expects to report cash-on-hand of at least $38 million as of March 31, 2013.

“Our revenues for the first quarter were below expectations, primarily due to continued headwinds in our gene expression business across all regions, in particular Japan, where we came in significantly short of plan,” said Frank Witney, president and CEO. “Our genotyping and cytogenetics product lines generated solid growth for the quarter as compared to 2012 and eBioscience also had modest growth from the first quarter of last year. As reported earlier, we ended the quarter with a major win, securing the largest biobank genotyping study to date.”

“Cash-on-hand at the end of March was approximately $38 million, after redeeming the remaining $3.9 million of our 3.5% convertible notes and prepaying $3.2 million of our senior-secured debt,” said Tim Barabe, EVP and chief financial officer. “Our senior secured debt is now at $70 million and debt repayment continues to be one of our priorities in 2013.”

The Company will provide a more detailed business update and complete financial information when it reports its first quarter results after the close of the market on Tuesday, April 30, 2013. The Company is currently observing a pre-earnings quiet period and will not make further comments about its first quarter results in the interim.

Affymetrix’s management team will host a conference call on April 30, 2013 at 2:00 p.m. PT. A live webcast can be accessed by visiting the Investor Relations section of the Company’s website at http://www.affymetrix.com. In addition, investors and other interested parties can listen by dialing domestic: (877) 407-8291, international: (201) 689-8345.

A replay of this call will be available from 5:00 p.m. PT on April 30, 2013 until 8:00 p.m. PT on May 7, 2013 at the following numbers: domestic: (877) 660-6853, international: (201) 612-7415. The conference call passcode to access the replay is 411930. An archived webcast of the conference call will be available under the Investor Relations section of the Company’s website.

About Affymetrix

Affymetrix’s technologies are used by the world’s top pharmaceutical, diagnostic, and biotechnology companies, as well as leading academic, government, and non-profit research institutes. More than 2,300 …read more

Source: FULL ARTICLE at DailyFinance

Gap Inc. to Outline Business Priorities at Investor Meeting on April 17

By Business Wirevia The Motley Fool

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Gap Inc. to Outline Business Priorities at Investor Meeting on April 17

SAN FRANCISCO–(BUSINESS WIRE)– Gap Inc. (NYS: GPS) today announced that it will host a meeting for the investment community on Wednesday, April 17, 2013 at its headquarters in San Francisco. A live webcast of the presentations will take place from approximately 8:30 a.m. to 12:00 noon Pacific Time.

The company will outline corporate and brand strategies. The following executives will be speaking:

  • Glenn Murphy, Chairman and Chief Executive Officer, Gap Inc.
  • Sabrina Simmons, EVP and Chief Financial Officer, Gap Inc.
  • Steve Sunnucks, Global President, Gap
  • Jack Calhoun, Global President, Banana Republic
  • Stefan Larsson, Global President, Old Navy
  • Art Peck, President, Growth, Innovation and Digital, Gap Inc.

The live webcast will be accessible on the Financial News and Events page at www.gapinc.com/investors. A replay of this event will be available on www.gapinc.com.

Alternatively, audio of the meeting will be accessible via phone by dialing 855-5000-GPS (855-500-0477) for domestic callers or 913-643-0954 for international callers. The conference ID number is 7402090.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2012 net sales were $15.7 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 300 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Gap Inc.
Investor Relations:
Katrina O’Connell, 415-427-2832
Investor_relations@gap.com
Media Relations:
Edie Kissko, 415-427-4173
press@gap.com

KEYWORDS:   United States  North America  Canada  California

INDUSTRY KEYWORDS:

The article Gap Inc. to Outline Business Priorities at Investor Meeting on April 17 originally appeared on Fool.com.

…read more

Source: FULL ARTICLE at DailyFinance

Donald J. Loftus Appointed President of Parlux Ltd. and EVP of Perfumania Inc.

By Business Wirevia The Motley Fool

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Donald J. Loftus Appointed President of Parlux Ltd. and EVP of Perfumania Inc.

NEW YORK–(BUSINESS WIRE)– Stephen Nussdorf, Executive Chairman of the Board of Directors for Perfumania Holdings Inc., announces the appointment of Donald J. Loftus as President of Parlux Ltd. and Executive Vice President of Perfumania Inc., effective immediately.

Donald J. Loftus (Photo: Business Wire)

Loftus brings a wealth of experience to the company and is one of the most respected executives in the beauty industry. Most recently, Loftus was the North American President and CEO of P&G Prestige, a position he held for over ten years. Prior to P&G Prestige, he held positions at Cosmopolitan Cosmetics, Escada Beaute, YSL Beautéand also served as Divisional VP at May Department stores. Loftus is a former Chairman of the Board for The Fragrance Foundation and the current Chairman of Fashion Group International.

In his newly created position, Loftus will leverage his extensive retail, marketing, and management background to spearhead future strategies for Perfumania’s retail division of over 350 doors. He will also oversee Parlux’s collection of fine fragrances.

“As we continue to grow our retail division and portfolio of prestige scents, Don’s experience, creativity, and leadership will play an integral role in further developing synergistic partnerships and strategic branding initiatives,” said Stephen Nussdorf. “He is an industry veteran with world class experience and we are thrilled to have him continue to lead Parlux and Perfumania into a new era.”

About Parlux Ltd.

Parlux Ltd., a leading global beauty company designs, manufactures, markets, and distributes prestige fragrances and related products, and has been in business since 1987. It is ranked among the Top 100 Cosmetic and Fragrances companies in the world and holds the licenses for notable fragrance brands including Rihanna, Jessica Simpson, Vince Camuto, Kenneth Cole, Ivanka Trump, Paris Hilton, among others.

Parlux Ltd. is a wholly owned subsidiary of Parlux Fragrances, LLC, which in turn is a wholly owned subsidiary of Perfumania Holdings Inc., a national, vertically integrated wholesale distributor and specialty retailer of fragrances and related products. Perfumania is traded on the NASDAQ exchange (PERF).

About Perfumania Holdings, Inc.

Perfumania Holdings, Inc. is a national, …read more

Source: FULL ARTICLE at DailyFinance

Millennial Media Closes Acquisition of Metaresolver and Strengthens Executive Management Team

By Business Wirevia The Motley Fool

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Millennial Media Closes Acquisition of Metaresolver and Strengthens Executive Management Team

Company to Report 2013 First Quarter Results on May 8, 2013

BALTIMORE–(BUSINESS WIRE)– Millennial Media Inc., the mobile advertising and data platform, has closed its acquisition of Metaresolver – a mobile media buying and targeting platform. Metaresolver was founded by industry veterans, Seamus McAteer, Mike Rowehl and Cindy Mesaros, each of whom are pioneers who have shaped mobile media intelligence, mobile advertising and mobile content. The addition of this talented and experienced team, along with a programmatic mobile ad-tech platform, will enable Millennial to strengthen its leadership position in the fast moving mobile market.

Upon closing the acquisition, Millennial Media will streamline the combined company’s leadership team. In the new structure, reporting to Paul Palmieri, Chairman and CEO, Mollie Spilman will become EVP, Global Sales & Marketing, Matt Gillis will become EVP, Global Product & Platform, and Michael Avon, the company’s CFO & EVP, will add Corporate Strategy and Human Resources to his organization. Seamus McAteer, Mike Rowehl and Cindy Mesaros from Metaresolver will join the leadership team and lead Insights, Programmatic Platform and Global Marketing efforts for Millennial respectively. Marcus Startzel, formerly GM, North America, will report to Spilman as Global Chief Revenue Officer and Carl Wartzack will report to Spilman as SVP Global Operations. As a result of this combination and leadership restructuring, Chris Brandenburg, CTO, and Steven Root, EVP, will be leaving the company.

Paul Palmieri said, “I am thrilled to have the Metaresolver team and platform as a part of Millennial Media. We are entering the company’s next phase of growth and the Metaresolver acquisition of people and technology, along with a streamlined executive team, will help us continue to expand our leadership position in the exciting market of mobile advertising.”

Millennial Media also today announced that it will hold its quarterly conference call to discuss its 2013 first quarter financial results on Wednesday, May 8, 2013, at 5:00 p.m. ET. Chief Executive Officer Paul Palmieri and Chief Financial Officer Michael Avon will host the call. Millennial Media will release its 2013 first quarter financial results that day after the market close.

To access the conference call, please dial 877-703-6108 (U.S.) or 857-244-7307 (international) using passcode 19120374. The conference call will also be available via live webcast under the Investor Relations section of Millennial Media‘s website at http://investors.millennialmedia.com.

If …read more

Source: FULL ARTICLE at DailyFinance

bebe stores, inc. Names Katrina Glusac Chief Merchandising Officer

By Business Wirevia The Motley Fool

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bebe stores, inc. Names Katrina Glusac Chief Merchandising Officer


Seasoned Merchandising Executive to Elevate Brand’s Offering for Next Phase of Growth

LOS ANGELES–(BUSINESS WIRE)– bebe stores, inc. (NAS: BEBE) today announced that it has named Katrina Glusac as Chief Merchandising Officer, effective immediately. In her new role, Ms. Glusac will lead the merchandising, visual merchandising and planning & allocations teams in defining and building the brand’s merchandising offerings across all categories. She reports to the Company’s CEO Steve Birkhold and will work closely with Brigitte Bogart, the recently appointed EVP of Design and Product Development, in leading the new direction of the brand.

bebe stores, inc. Names Katrina Glusac Chief Merchandising Officer (Photo: Business Wire)

A seasoned strategic merchandising executive, Ms. Glusac brings more than 20 years of expertise in product development and product management for contemporary and e-commerce brands. Most recently, Ms. Glusac served as Chief Merchant and VP of Merchandising at ShoeDazzle.com where she successfully built a new merchandising, design and planning team, improved sell through and inventory performance and leveraged emerging technology and data-driven marketing to significantly increase company sales. Previously, Ms. Glusac was Divisional VP and GMM of Guess?, Inc., where she conceptualized and helped launch Marciano, the company’s first fashion forward contemporary division, which became the number one performing division in many categories. Ms. Glusac has also held senior merchandising positions at Arden B. and Charlotte Russe, Inc.

“We are very pleased to welcome such a strong and proven merchant to the bebe team,” said Mr. Birkhold. “With an exceptional track record in elevating the performance of prominent contemporary brands, Katrina will be instrumental in helping us develop a merchandising strategy to reflect today’s fashion-focused and digitally savvy customer.”

“I have long admired the bebe brand and am thrilled to join the company as part of its next phase of growth,” said Ms. Glusac. “I look forward to working closely with Brigitte Bogart in creating a vision that will excite today’s customer, while building on the brand’s strong heritage.”

Ms. Glusac holds an Executive Master’s in Business Degree (EMBA) from Daniel’s College of Business at the University of Denver, and a Bachelor of Arts degree from Pepperdine University.

…read more
Source: FULL ARTICLE at DailyFinance

Voice Ads Coming to Your Mobile Devices

A company called Nuance Mobile is adding a whole new dimension to the mobile advertising market.  Its new “Nuance Voice” service allows users to converse with the advertisements on their mobile devices.  Michael Thompson, EVP and GM of Nuance, hopes that engaging with consumers on this level will help the advertiser to interact with them in a more meaningful way.

A Nuance voice-enabled ad prompts the reader to ask a question and responds accordingly.  It capitalizes on the advanced state of mobile technology to integrate natural language processing (NLP) into the ad experience.  NLP is used in a variety of applications, including Apple’s Siri app.  The idea behind using it in ads is that it will act like a friend or personal assistant, giving the reader input on queried topics.

“Voice has already changed the mobile interface, making it faster and easier for consumers to discover and access information, and find people and content,” Thompson said.

He continues, “Mobile advertising shouldn’t be any different, and should be designed specifically around the unique capabilities of the mobile device.”

To read this article in full or to leave a comment, please click here

…read more
Source: FULL ARTICLE at PCWorld

A Roomful Of Female Marketing Leaders Didn't Mention This Word

By Lisa Arthur, Contributor

Last month, I was honored to be named by Direct Marketing News to its “Marketing Hall of Femme.” Derived from DMN’s Spotlight interviews, which highlight the success strategies of senior marketing executives, the 2013 Marketing Hall of Femme recognized a total of 15 prominent female marketers, including: Rebecca Baker, CMO, Alvarez & Marsal Emma Carrasco, CMO, NPR Joan Chow, EVP, CMO, ConAgra Foods Beth Comstock, SVP & CMO, GE Lauren Crampsie, CMO, Ogilvy & Mather Vicky Free, CMO, BET Networks Anne Globe, CMO, Dreamworks Animation Leontyne Green Sykes, CMO, IKEA Denise Incandela, President, Saks Direct, CMO, Saks Mariann McDonagh, CMO, inContact Richelle Parham, CMO, eBay   Martine Reardon, CMO, Macy’s Susan Thronson, SVP, Global Marketing, Marriott Trish Wheaton, CMO, Wunderman Eight honorees attended the Hall of Femme awards ceremony and panel discussion in New York City, and I was thrilled to spend the afternoon in the company of these influential business leaders. …read more
Source: FULL ARTICLE at Forbes Latest

AXIS Capital Appoints Industry Veteran Peter Wilson as EVP and President of U.S. Insurance

By Business Wirevia The Motley Fool

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AXIS Capital Appoints Industry Veteran Peter Wilson as EVP and President of U.S. Insurance

PEMBROKE, Bermuda–(BUSINESS WIRE)– AXIS Capital Holdings Limited (“AXIS Capital”) (NYS: AXS) today announced the appointment of Peter Wilson, an insurance executive with three decades of industry experience, as its President of U.S. Insurance. At AXIS, Mr. Wilson will be responsible for the management of all of the Company’s U.S. Insurance operations, including the Professional Lines and Property and Casualty Divisions. Mr. Wilson will join AXIS in May and will be based in the Company’s New York office reporting to AXIS Insurance CEO, Jack Gressier.

Most recently, Mr. Wilson served as President and Chief Operating Officer for CNA Specialty, a unit of CNA Financial Corporation, which is focused on professional and management liability, healthcare, surety and other specialized insurance products and services. During his over 20-year tenure with CNA Financial Corporation, Mr. Wilson served in a number of leadership positions and had management responsibility for a diverse group of business units operating both in the U.S. and internationally. At the time of his departure from CNA, the Specialty Lines operation produced annual net premiums of $3 Billion. Prior to CNA, he served as an Executive Vice President at AIG, where he managed AIG‘s commercial public D&O business in the U.S.

Jack Gressier, Chief Executive Officer of AXIS Insurance, commented on Mr. Wilson’s appointment, stating, “Peter is a seasoned executive with a depth and breadth of experience and a reputation for driving profitable growth that can only come from decades of working at the highest levels of our industry. He is known for his ability to build and motivate highly integrated teams, and for his effective leadership of these teams. I speak for our entire company in welcoming him to the AXIS team.”

Mr. Wilson also commented on his new appointment, stating, “I’m very happy to be joining the team at AXIS. Like many in the field, I have watched the company grow in size and expertise, as they have strategically assembled an enviable team of executives. I look forward to working with the Insurance team as we continue to expand the AXIS Insurance franchise.”

Mr. Wilson attended Syracuse University as an undergraduate, where he received a Bachelor of Arts in Economics. Additionally, Mr. Wilson completed the Advanced Executive Program at The Wharton School in Philadelphia, PA. He has formerly served as President of the Professional Liability Underwriting Society (PLUS), and President of the PLUS foundation.

…read more
Source: FULL ARTICLE at DailyFinance

Wintrust Financial Corporation Pilots FIS' Cardless Cash Access at ATMs

By Business Wirevia The Motley Fool

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Wintrust Financial Corporation Pilots FIS’ Cardless Cash Access at ATMs

Key Facts

  • Enables cash withdrawal from ATMs using a secure app on iPhone® or Android™ smartphones, eliminating the need for a plastic card
  • Saves time for consumers by simplifying steps to get cash and delivers an e-receipt to the customer’s phone
  • Supports FIS‘ mobile strategy to deliver secure mobile innovations to financial institutions and their customers

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Expanding on its leadership and innovation position within mobile financial services, FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today announced the pilot of its innovative Cardless Cash Access solution by Wintrust Financial Corporation. The latest advancement to the FIS Mobile Wallet platform, delivered in partnership with Paydiant and Diebold Incorporated, enables consumers to withdraw cash from ATMs using just a smartphone.

“Consumers are increasingly mobile and rarely leave home without their smartphone,” said Douglas Brown, senior vice president and general manager, FIS Mobile Financial Services. “At FIS, we are continuing to invest in solutions that keep mobile consumers better connected to their finances. Through Cardless Cash Access, FIS is providing secure innovation that places the smartphone at the center of the financial transaction. We’re delivering on our goal of supporting a mobile-centric market. “

The FIS Mobile Wallet with the new Cardless Cash Access solution securely authenticates a user on their smartphone. Once authenticated, the user scans the QR code provided on the ATM screen and selects the account and amount of the withdrawal directly on their smartphone. The solution delivers an e-receipt to the smartphone app after cash is dispensed from the ATM. Unlike mobile cash access models that utilize temporary authorization codes, the FIS Cardless Cash Access solution utilizes the security within the user app authentication process and registration of the FIS Mobile Wallet app on the smartphone, therefore eliminating card skimming risk and fraud incidents for banks and their customers.

“Wintrust is community banking at heart, so service is our number one goal. Technology needs to follow that very closely.” said Tom Ormseth, EVP of Retail Strategy at Wintrust Financial. “Delivering Cardless Cash Access definitely supports our strategy of providing top quality and innovative services, and enables us to …read more
Source: FULL ARTICLE at DailyFinance

Target Financial And Retail Services President Terry Scully to Retire

By Business Wirevia The Motley Fool

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Target Financial And Retail Services President Terry Scully to Retire

Scott Kennedy Named as Successor

MINNEAPOLIS–(BUSINESS WIRE)– Target Corporation (NYS: TGT) announced today that Terry Scully, 60, President, Financial and Retail Services, plans to retire in March 2014. Effective April 1, 2013, Mr. Scully will move into a strategic advisory role, ensuring a smooth transition for our financial services operations following the sale of our portfolio to TD Bank Group.

“For nearly 35 years, Terry has been a valuable member of this Target team,” said Gregg Steinhafel, Chairman, President and CEO. “And, for the past decade, Terry’s leadership and his vision have led to the creation of an exceptional suite of financial products and services, which were critical in strengthening guest loyalty and delivering substantial profitable growth. I appreciate his many contributions and am grateful that Target will continue to benefit from Terry’s expertise during this transitional period.”

Since joining the company in 1979, Mr. Scully has held a variety of financial and credit card roles. In 1998, he became Vice President of Finance for Target Financial Services, and he was promoted to his current role in 2003.

Target also announced today that Scott Kennedy, 44, Vice President, Pay and Benefits, is being promoted to succeed Mr. Scully as President of Target Financial and Retail Services. Mr. Kennedy joined Target in 2005 as Vice President, Assurance. During his tenure with Target, he has also held positions as Vice President, Controller and Vice President of Finance for Target Financial Services. He was named to his current role in 2010.

“Scott brings strong leadership, strategic perspective and broad financial experience to his new role,” said John Mulligan, EVP and CFO. “I am confident that Target Financial and Retail Services will continue to thrive under his direction.”

About Target

Minneapolis-based Target Corporation (NYS: TGT) serves guests at 1,787 stores – 1,784 in the United States and three in Canada — and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/corporateresponsibility.

For more …read more
Source: FULL ARTICLE at DailyFinance

Stage Stores Reports Record Adjusted 2012 EPS of $1.33, 45% Higher Than 2011

By Business Wirevia The Motley Fool

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Stage Stores Reports Record Adjusted 2012 EPS of $1.33, 45% Higher Than 2011

HOUSTON–(BUSINESS WIRE)– Stage Stores, Inc. (NYS: SSI) today reported financial results for the fourth quarter and fiscal year ended February 2, 2013. For the 2012 fiscal year, the Company reported adjusted earnings, excluding one-time items, of $42.6 million, or $1.33 per diluted share. This compares to earnings of $31.0 million, or $0.92 per diluted share, in fiscal 2011.

“2012 was a phenomenal year for Stage Stores and one that all of our shareholders and associates can be extremely proud of,” stated Michael Glazer, President and Chief Executive Officer. “We achieved strong gains in sales and earnings and made significant progress on our strategic initiatives. Total sales exceeded $1.6 billion and we achieved a 5.7% increase in comparable store sales, the highest percentage increase in over 10 years. Driven by our record sales, adjusted earnings per share increased by 45% to a record $1.33.”

New store growth included 25 traditional stores and 31 Steele’s stores during the year. Direct-To-Consumer sales increased 65% over last year. A new loyalty program with enhanced cardholder benefits was introduced and new cards were reissued to more than 2 million customers. Consistent with the Company’s intent to increase distributions to its shareholders, Stage Stores quarterly dividend rate was increased by 11%.

As the Company noted in its news release on February 11, 2013, it started the process of consolidating its department store operations into its Houston corporate headquarters. The Company expects the consolidation to increase efficiency, create synergies and enhance purchasing power and sales growth. The Company projects annual savings from the consolidation to be approximately $5 million.

One-time items, which total approximately $6.9 million for the year, were due to the consolidation of the Company’s South Hill, Virginia operations and the resignation of the Company’s former Chief Executive Officer in March 2012. Including these items, the Company’s net income for the fiscal year was $38.2 million, or $1.19 per diluted share. For the fourth quarter, the Company reported earnings of $35.8 million, or $1.09 per diluted share, compared to earnings of $32.7 million, or $1.05 per diluted share, for the prior year’s fourth quarter.

“From an operational standpoint, we strengthened our executive management team with the addition of Steve Lawrence, our Chief Merchandising Officer, and Bill Gentner, our Chief Marketing Officer, and with the promotion of Russ Lundy to EVP, Stores,” stated Mr. Glazer. “Through their guidance and leadership, and in collaboration with the other members of …read more
Source: FULL ARTICLE at DailyFinance

‘What Not To Wear’ Canceled: TLC Series Ending After 10 Years

By The Huffington Post News Editors

“What Not To Wear” is ending. TLC announced its long-running makeover show will end its run after 10 years in July 2013.

“After 10 incredible seasons, we felt that it was the right time to end the series,” Amy Winter, EVP and General Manager of TLC, said in a statement. “Stacy and Clinton have also become two of the most sought after fashion experts and TV personalities in the industry. We’re so proud to have had the two of them along with Carmindy and Ted as the glam squad behind this fan-favorite show, and the final episodes will definitely be a celebration of this monumental run.”

What Not To Wear” featured Stacy London and Clinton Kelly ambushing an unsuspecting “fashion victim” who was nominated by friends and family for a makeover. The show premiered on January 18, 2003. Over the 10 seasons, Stacy and Clinton gave over 325 makeovers to men, women, celebrities and families.

Read More…
More on Video

…read more
Source: FULL ARTICLE at Huffington Post

Washington Trust Promotes DiSanto to EVP, Human Resources

By Business Wirevia The Motley Fool

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Washington Trust Promotes
DiSanto to EVP, Human Resources

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust has announced that Kristen L. DiSanto, of South Kingstown, has been appointed Executive Vice President of Human Resources. DiSanto is responsible for leading all human resources functions, including staffing, training, organizational development and employee relations. In addition, she assists the board with executive compensation matters and SEC disclosures.

Kristen DiSanto, a URI alum, has worked for Washington Trust since 1994. She previously served Senior Vice President of Human Resources. (Photo: Business Wire)

DiSanto joined Washington Trust in 1994, and most recently served as Senior Vice President. A graduate of the University of Rhode Island, DiSanto has a Bachelor of Arts in speech communication. She is also a member of the Society for Human Resource Management and a graduate of Leadership Rhode Island. DiSanto serves on the legislative committee of the Rhode Island Business Group on Health, on the finance committee of Saint Elizabeth Community and as the Personnel Committee of the Ocean Community YMCA.

Founded in 1800, Washington Trust is the largest independent bank headquartered in Rhode Island and the oldest community Bank in the nation. Washington Trust provides commercial banking, small business banking, personal banking, mortgage banking, and wealth management and trust services to individuals and institutions throughout the Northeast. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Washington Trust is an SBA preferred lender. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Rhode Island

INDUSTRY KEYWORDS:

The article Washington Trust Promotes DiSanto to EVP, Human Resources originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights …read more
Source: FULL ARTICLE at DailyFinance

DexCom Announces Upcoming Conference Presentations

By Business Wirevia The Motley Fool

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DexCom Announces Upcoming Conference Presentations

SAN DIEGO–(BUSINESS WIRE)– DexCom, Inc. (NAS: DXCM) today announced that management will present an update on DexCom at the following upcoming investor conferences:

  • Terry Gregg, Chief Executive Office, will present an update on DexCom at the Barclays Global Healthcare Conference in Miami, Florida on Wednesday, March 13, 2013 at 2:30 p.m. (EST). The presentation, which will occur live at the Loews Miami Hotel, will be concurrently webcast.
  • Steve Pacelli, EVP, Strategy and Corporate Development, will present an update on DexCom at the 25th Annual ROTH Conference in Laguna Niguel, California on Monday, March 18, 2013 at 11:30 a.m. (PST). The presentation, which will occur live at the Ritz-Carlton, Laguna Niguel, will be concurrently webcast.

The link to each webcast will be available on the DexCom website at www.dexcom.com by navigating to “About”, then “Investor Relations”, and then “Events and Webcasts”, and the presentations will be archived there for future reference.

About DexCom, Inc.

DexCom, Inc., headquartered in San Diego, California, is developing and marketing continuous glucose monitoring systems for ambulatory use by patients and by healthcare providers in the hospital.

Cautionary Statement Regarding Forward Looking Statements

DexCom is a medical device company with a limited operating history. Successful commercialization of the company’s products is subject to numerous risks and uncertainties, including a lack of acceptance in the marketplace by physicians and patients, the inability to manufacture products in commercial quantities at an acceptable cost, possible delays in the company’s development programs, the inability of patients to receive reimbursement from third-party payors and inadequate financial and other resources. Certain of these risks and uncertainties, in addition to other risks, are more fully described in the company’s annual report on Form 10-K for the fiscal year ended December 31, 2012, as filed with the Securities and Exchange Commission on February 21, 2013.

DexCom, Inc.
Steven R. Pacelli
Executive Vice President, Strategy and Corporate Development
858-200-0200

KEYWORDS: …read more
Source: FULL ARTICLE at DailyFinance

Antares Pharma to Host Fourth Quarter 2012 Call

By Business Wirevia The Motley Fool

Filed under:

Antares Pharma to Host Fourth Quarter 2012 Call

EWING, N.J.–(BUSINESS WIRE)– Antares Pharma, Inc. (NAS: ATRS) today announced it will release its fourth quarter 2012 financial results before the market opens on Wednesday, March 13, 2013, and host a conference call shortly thereafter at 8:30 a.m. ET (Eastern Time) to discuss the results. Paul K. Wotton, Ph.D., President and Chief Executive Officer, and Robert F. Apple, EVP, Chief Financial Officer, and President of the Parenteral Products Division, will host the call.

Interested parties may participate in the conference call by dialing 1-877-941-0844 (US) or 1-480-629-9835 (international), 5-10 minutes prior to the start of the call. A replay of the conference call will be available approximately 2 hours after the call’s conclusion through 12:00 p.m. ET (Eastern Time) on March 27, 2013 by dialing 1-800-406-7325 (US) or 1-303-590-3030 (international), and entering the access code 4600866. An audio web cast and archive of the conference call will also be available under the investor relations section of the Antares Web site at www.antarespharma.com.

About Antares Pharma

Antares Pharma focuses on self-administered parenteral pharmaceutical products and topical gel-based medicines. The Company is developing OTREXUP™, a combination product for the delivery of methotrexate using Medi-Jet™ technology for the treatment of rheumatoid arthritis, poly-articular-course juvenile rheumatoid arthritis and psoriasis, as well as VIBEX™ QS T for testosterone replacement therapy. The Company’s technology platforms include VIBEX™ disposable Medi-Jet™, disposable multi-use pen injectors and Vision™ reusable needle-free injectors marketed as Tjet® and Zomajet® by Teva Pharmaceutical Industries, Ltd (Teva) and Ferring Pharmaceuticals (Ferring), respectively. Antares Pharma has a multi-product deal with Teva that includes Tev-Tropin® human growth hormone (hGH), VIBEX™ epinephrine and several other products. Antares Pharma‘s partnership with Ferring includes Zomacton® hGH. In the U.S. Antares has received FDA approval for Gelnique 3%™, a treatment for overactive bladder that is marketed by Actavis. Elestrin® (estradiol gel) is FDA approved for the treatment of moderate-to-severe vasomotor symptoms associated with menopause, and is marketed in the U.S. by Meda Pharma. Antares Pharma has two facilities in the U.S. The Parenteral Products Group located in Minneapolis, Minnesota directs the manufacturing and marketing of the Company’s reusable needle-free injection devices and related disposables, and develops its disposable pressure-assisted Medi-Jet and pen injector systems. The Company’s corporate office and the Product Development and Commercial Group are located in Ewing, New Jersey.