- Second quarter sales increased 3.3% to $680.4 million; comparable sales increased 0.6%

- First six months sales increased 2.3% to $1.4 billion; comparable sales decreased 1.3%

- Including $0.03 per diluted share related to the Ebuys acquisition, restructuring costs and foreign exchange loss, second quarter Reported EPS of $0.35 per diluted share

- Second quarter Adjusted EPS of $0.38 per diluted share compared to $0.35 last year

- Board of Directors approve a new $500 million share repurchase authorization

- Board of Directors declare quarterly dividend of $0.20 per share

ENGLEWOOD, Colo. & ST. PETERSBURG, Fla. -- Liberty Interactive Corporation (“Liberty Interactive”) (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) and HSN, Inc. (“HSNi”) (Nasdaq: HSNI) today announced that they have entered into an agreement whereby Liberty Interactive will acquire the 62% of HSNi it does not already own in an all-stock transaction.

 

This Smart News Release features multimedia. View the full release here:http://www.businesswire.com/news/home/20170706005538/en/

 

“We are excited to announce the acquisition of HSNi. The addition of HSN will enhance QVC’s position as the leading global video eCommerce retailer. Every year they together produce over 55,000 hours of shoppable video content and have strong positions on multiple linear channels and OTT platforms,” said Greg Maffei, Liberty Interactive President and CEO. “The value of the combined QVC, HSNi and zulily will be further highlighted when later this year QVC Group becomes an asset-backed stock as part of the previously announced split-off of Liberty Ventures.”

MONTREAL, QUEBEC--(July 4, 2017) - New Look Vision Group Inc. (TSX:BCI) ("New Look Vision"), announced today that it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Iris, le groupe visuel (1990) Inc. ("Iris"). Founded in 1990 by Dr. Francis Jean in Baie-Comeau, Quebec and based in Laval, Quebec, Iris has grown to become a leading optometrist based retail eye care provider across Canada with a network of 150 locations, comprising 53 corporate, 77 jointly owned and 20 franchise locations. The Iris banner is recognized nationally with locations in Quebec (82), British Columbia (36), Alberta (16), Ontario (15) and New Brunswick (1). Adjusted pro forma system-wide revenues of Iris for the twelve months ended September 30, 2016 amounted to approximately $110 million1 while adjusted pro forma consolidated revenues for the same period amounted to approximately $60 million1,2.

YORK, Pa., May 01, 2017 -- The Bon-Ton Stores, Inc. (NASDAQ:BONT) announced today that it has successfully completed the closing of an extension of its $730 million ABL Tranche A credit facility in advance of its December 2018 maturity date.  The Tranche A revolving facility is now due to mature in April 2022. Pricing and all other terms of the ABL facility are essentially unchanged, and the total commitment under the facility (Tranche A and Tranche A-1) remains at $880 million.

 

Nancy Walsh, Bon-Ton's Executive Vice President, Chief Financial Officer, commented, "We are excited to have successfully completed the extension of our ABL credit facility, securing our borrowing capacity and extending our debt maturities.  We appreciate the ongoing support of our existing bank group, and welcome our new lenders to the ABL facility.  Over the last two years, we have taken meaningful steps to improve our balance sheet by repaying and refinancing debt.  We now have increased financial flexibility to execute our long term strategic initiatives."