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HOFFMAN ESTATES, Ill., July 10 /PRNewswire-FirstCall/ -- Sears Holdings Corporation (Nasdaq: SHLD) (the "Company" or "Holdings") today announced domestic comparable store sales for the nine-week period ended July 7, 2007 for its Kmart and Sears stores. This period represents the first nine weeks of the Company's thirteen-week fiscal 2007 second quarter which ends August 4, 2007. For the nine-week period, Kmart comparable store sales decreased by 3.9 percent, with declines across most categories. Sears domestic comparable store sales decreased by 4.0 percent, with declines across most categories partially offset by increases in women's apparel and footwear. While comparable store sales within home appliances declined to a higher degree than declines recorded across most other categories for this period, the decline in home appliances was less than the decline experienced in this category during the first quarter of this fiscal year. The Company anticipates that, if the sales trends experienced during the first nine weeks of the second quarter continue through the rest of the second quarter ending August 4, 2007, net income will be between $160 million and $200 million, or between $1.06 and $1.32 per fully diluted share.
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The Mills Corporation was a publicly traded real estate investment trust headquartered in Chevy Chase, Maryland, United States, acquired on April 3, 2007 by an investment group comprised of Simon Property Group and Farallon Capital Management. The company developed, owned, and operated major super-regional shopping malls. The company built 18 "Landmark" centers in which the malls were named after "Mills", like "Franklin Mills," or "St. Louis Mills". Also, over 20 "21st Century Retail" regional malls that they started operating in 2002, like Del Amo Fashion Center and Southdale Center. Simon Property Group assumed management of the former Mills properties after the acquisition, and is operating the former "Landmark Mills" group as a separate operating segment within its organization.
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SCOTTSDALE, Ariz., Jan. 26 /PRNewswire-FirstCall/ -- Creative Eateries Corporation (OTC Bulletin Board: CEAT - News) today announced the third planned franchisee opening of the company's Kokopelli Sonoran Grill restaurant concept. To be launched on February 9 in Toledo, Ohio, the store is one of the 61 franchises sold since the concept's inception. Other restaurants in various stages of completion include locations in Detroit, Michigan; Portland, Oregon; and three in the Greater Phoenix area.
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In the "cancel those Colonel's Crispy Strips" department, Sir Paul McCartney took on the KFC Corporation last week in defense of chickens. But is he clucking across the wrong road? Sir Paul, the former Beatle, took out a full-page advertisement in Thursday's Louisville Courier-Journal, challenging David C. Novak, the chief executive of KFC's parent company, Yum Brands, to improve the living conditions of the 750 million birds it serves up annually.
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Biophysical Corporation is a private, Austin, Texas-based company dedicated to advancing clinical knowledge and quality of life for its clients. Formed in 2004, the company offers Biophysical250, the most comprehensive and advanced assessment of personal health ever developed. Through the innovative analysis of blood-based biomarkers, Biophysical250 may indicate the presence or risk of cancer, cardiovascular disease and other health risks often before symptoms appear. The company's management and advisory board includes internationally renowned physicians and scientists who are leaders in the field of biomarker research. More information about the company and Biophysical250 is available at http://www.biophysicalcorp.com or by calling 800.532.7092.
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On January 17, 2007, the Mills Corporation agreed to a buyout from Brookfield Asset Management, based out of Toronto. The deal was valued at US$1.35 billion. The company was forced to seek help after a possible management misconduct resulted in a $350 million accounting error. Brookfield will pay $21 for each share of Mills Corporation.[3] On February 13, 2007, Mills announced [4] that their board has determined that a competing offer from Simon Property Group of Indianapolis, Indiana was superior to the Brookfield offer. Brookfield had the option to submit a counter offer, but February 16, 2007, Simon Property Group and Farallon Capital agreed to acquire Mills for $25.25 per common share.
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