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$GPS said that it expects an annualized savings of about $275MM due to the streamlining of its operating model and store closures. Annualized sales loss is expected to be about $250MM from the closure of approximately 75 stores. The company anticipates restructuring costs of about $300MM, of which about $100MM is estimated to be non-cash.
Trivago N.V. (TRVG) announced today that it will release its financial results for the first quarter for the period ended March 31, 2017 on Monday, May 15, 2017. On the same day, trivago N.V.`s management will conduct a webcast beginning at 2:00 PM CET / 8:00 AM Eastern Time. These items will be available in the Investor Relations section of the company`s website at http://ir.trivago.com.