$LZB said subsequent to 1Q17, it moved into Canada with the acquisition of 4 stores. This represented another step as the company grows as a percentage of ownership of the La-Z-Boy Furniture Galleries network.
$FL said it is planning to open 90 stores and close about 100 stores in 2017. The new stores will be concentrated in Europe, Kids Foot Locker and Footaction. In addition, the company has planned to open three SIX:02 stores in 2017.
$FL said it continues to invest in technology and customer experience, including the rollout of the order planning module of merchandise allocation system, new e-commerce platform, pilot and plan to roll out of new generation point-of-sale system later in 2017.
$ORI BoD declared a cash dividend at a new rate of $0.19 per share on its common stock, payable on March 15, 2017 to shareholders of record on March 6, 2017. The BoD also increased the size of the Board to twelve by appointing Steven J. Bateman as a new independent director.
$JCP continues to make progress with its present inventory position. Including the impact from store closures, the company expects total inventory at the end of 2017 to be down 5% or more compared to 2016.