$GGP has development and redevelopment activities totaling approx. $0.4Bil under construction and $0.6Bil in the pipeline. The company continues to evaluate a number of other redevelopment projects to further enhance the quality of its assets.
Cascades Sonoco, a JV of $SON and Cascades Inc., has invested about $16MM for the expansion of its existing Birmingham, Ala., facility. This investment in world-class water-based coating technology will provide coated paper and paperboard substrates using its new FlexShield, FluteSHIELD and SurfSHIELD coating technology.
$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.