Zumiez Inc. Reports March 2013 Sales Results

Net Sales Increased 19.7% to $61.0 Million; March 2013 Comparable Store Sales Increased 2.1%

Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that total net sales for the five-week period ended April 6, 2013 increased 19.7% to $61.0 million, compared to $50.9 million for the five-week period ended March 31, 2012. The Company's comparable store sales increased 2.1% for the five-week period ended April 6, 2013 compared to a comparable store sales increase of 14.1% for the five-week period ended March 31, 2012.

Ascena Retail Group, Inc. Reports Second Quarter 2013 Results

– Adjusted EPS of $0.26 –
– GAAP EPS from Continuing Operations of $0.23 –
– Total Comparable Sales Increased 2% –
– Reiterates 2013 Guidance of $1.20 to $1.30 Per Share –

Ascena Retail Group, Inc. (ASNA) today reported financial results for its fiscal second quarter and six months ended January 26, 2013.

For the second quarter of 2013, earnings per diluted share from continuing operations decreased to $0.23 per share, while earnings from discontinued operations were $0.06 per share. This compares to diluted earnings per share from continuing operations of $0.40 per share in Fiscal 2012.

K-Swiss to Be Acquired by E.Land World for $4.75 Per Share in Cash

K•Swiss Inc. (KSWS) and E.Land World Ltd. announced today entry into a definitive agreement pursuant to which E.Land World will acquire all of the outstanding common stock of K•Swiss for $4.75 per share in cash, or a total equity value of approximately $170 million.

Under the terms of the agreement, which was unanimously approved by K•Swiss’ Board of Directors, K•Swiss stockholders will receive $4.75 in cash for each outstanding Class A and Class B share of K•Swiss common stock they own, representing a 49% premium over the closing price for a share of Class A common stock on the NASDAQ Stock Market on January 16, 2013, and a 62% premium over the three-month, volume-weighted average trading price for a share of Class A common stock on the NASDAQ Stock Market as of January 16, 2013.

Kingold Jewelry Announces Sale of Common Stock to China-based Investors for $12.6 Million

Kingold Jewelry, Inc. (KGJI), ("Kingold" or the "Company"), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced that the Company has entered into a Subscription Agreement ("Agreement") with three individuals providing for the sale of 7,000,000 shares of its common stock at a price of $1.80 per share for gross proceeds of $12,600,000.  

The Company also issued to the investors, on a pro rata basis, warrants to purchase up to an additional 2,800,000 shares of its common stock at an exercise price of $1.80, which warrant is not cashless exercise but is exercisable at any time in whole or in part for twelve months following the date of the Agreement.