Mechanical Lloyd Company Limited (MLC.gh) listed on the Ghana Stock Exchange under the Engineering sector has released it’s 2015 interim results for the third quarter.For more information about Mechanical Lloyd Company Limited (MLC.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Mechanical Lloyd Company Limited (MLC.gh) company page on AfricanFinancials.Document: Mechanical Lloyd Company Limited (MLC.gh) 2015 interim results for the third quarter.Company ProfileMechanical Lloyd Company Limited markets and distributes motor vehicles and farm machinery in Ghana. The company has the exclusive agency for BMW (cars and motorbikes), Ford and Land Rover as well as Massey Ferguson agricultural machinery and Lucas products. Mechanical Lloyd company also sells motor spares and parts and has a services department for repair and maintenance of motor vehicles and farm machinery. The company was formerly known as Technical Lloyd and changed its name to Mechanical Lloyd Company Limited in 1970. The company’s head office is in Accra, Ghana. Mechanical Lloyd Company Limited is listed on the Ghana Stock Exchange
“COPY” Architects: ARP – Architecture Research Practice Year Completion year of this architecture project MEP: Greece “COPY” CopyLandscape Architecture, Houses•Antiparos, Greece ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952623/avlakia-house-arp-architecture-research-practice Clipboard Photographs Landscape Architecture Year: Erisma Avlakia House / ARP – Architecture Research PracticeSave this projectSaveAvlakia House / ARP – Architecture Research Practice Save this picture!© Erieta Attali+ 37Curated by Paula Pintos Share Avlakia House / ARP – Architecture Research Practice Photographs: Erieta Attali Manufacturers Brands with products used in this architecture project Projects Manufacturers: Bega, Ceadesign, FRANKE, CEA, Duravit Structural Engineering: PG KAMARINOS CONSULTING ENGINEERS 2020 Architect In Charge:Argyro PouliovaliDesign Team:Eva Alberini, Marilena Stavrakaki, Nora DelidimouMep Design:PG KAMARINOS CONSULTING ENGINEERSStructural Design:ERISMALandscaping:DOXIADIS+Construction:OLIAROSLights:Expo SA, Site SpecificOpenings:Antonis Chatziantoniou, Expa SATerrazzo Floors:Nikos PolitisInterior Design:Sarah HammondSteelworks:Worx SteelworksCity:AntiparosCountry:GreeceMore SpecsLess SpecsSave this picture!© Erieta AttaliRecommended ProductsCeramicsGrespaniaWall Tiles – Wabi SabiCeramicsTerrealTerracotta Baguettes in Vork CenterWindowsJansenWindows – Janisol PrimoWoodGustafsWood Veneered Wall & Ceiling PanelsText description provided by the architects. Avlakia House rests in-between two gorges (avlákia in Greek) in the Cycladic island of Antiparos, Greece. The site is facing the west directly, while it is also exposed to the northern stronger winds. It enjoys views of 180º towards the Aegean archipelagos and the neighboring islands of Sifnos and Serifos. Save this picture!© Erieta AttaliSave this picture!© Erieta AttaliIts shape is much dictated by our intention to preserve the topography and the landscape of the Cyclades archipelago. Its shape and deciding what to reveal and whatnot is a balancing act between the human experience, environmental and cultural sustainability. Avlakia House is a hybrid between a building and a constructed landscape, an earthwork.Save this picture!Front ElevationSave this picture!© Erieta AttaliSave this picture!AxonometricThe building emerges from the landscape in the form of a stone retaining wall. A white volume rests on it, with a monumental, temple-like presence. This monumentality is achieved by a series of formal operations (inward inclinations, scale, proportions, symmetry, repetition of openings) that consider the site’s relation to the sun and transform a white box into a sculptured building, a Cycladic temple.Save this picture!© Erieta AttaliSave this picture!© Erieta AttaliThe “temple” and an organically formed retaining wall that follows the topography host the public interior and exterior areas. Subterranean stone volumes comprise the bedrooms and wrap around a courtyard in a village-like arrangement. The amphitheater acts as a viewing platform, with its only purpose being to take in the site. The subterranean guest house takes up the form of an agricultural stone retaining wall.Save this picture!© Erieta AttaliSave this picture!© Erieta AttaliThe project draws on the vernacular building tradition while it elevates spaces into new contemporary forms. Emphasis is given so that the architecture engages with the local economy. Sourcing local materials, working with local crews, and reenacting craftsmanship traditions (explicit use of local stone and Greek marbles, terrazzo floors, and traditional mortar) contribute to the site’s both cultural and environmental sustainability. Deep natural shading, cross-ventilation, avoiding thermal bridges, and maximizing solar energy for water and heating also reduce the overall energy consumption. Planted roofs and courtyards relieve the spaces from the need for powerful cooling systems.Save this picture!© Erieta AttaliProject gallerySee allShow lessThe Genius, Heart and Humility of Balkrishna DoshiArticlesFeng Shui House / Steffen Welsch ArchitectsSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952623/avlakia-house-arp-architecture-research-practice Clipboard ArchDaily CopyAbout this officeARP – Architecture Research PracticeOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsLandscape ArchitectureResidential ArchitectureHousesParosOn FacebookAntiparosGreecePublished on December 04, 2020Cite: “Avlakia House / ARP – Architecture Research Practice” 04 Dec 2020. ArchDaily. Accessed 10 Jun 2021.
23 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis One in four people do not give to charities because they think charities ask too much of them, according to new research.A survey of 2,500 by by Henley Management College has found that one in four people suffer from “donor fatigue.” They think that charities ask for too much from them.A similar percentage say that they can’t afford to give to charity. Advertisement Howard Lake | 11 July 1999 | News One in four hit by donor fatigue Read Charity fatigue strikes one in four by Sally Pook a the Electronic Telegraph. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
News During the July 16 press conference between President Trump and Russian President Vladimir Putin at the Helsinki summit, Sam Husseini, an op-ed reporter for The Nation, was forcibly removed from the press pool and put into a Finnish jail for six hours. Husseini, who also described himself as a political activist, was holding a piece of paper which read “nuclear weapons ban treaty,” the subject about which he planned on asking a question. Security officials can be seen in a video attempting to grab the sign out of his hand, escalating the situation. According to RSF’s testimony of a Finnish journalist who witnessed the incident, reporters were notified prior to the presser that signs and banners were prohibited. In an interview with Talking Points Memo, Husseini recalls: “They really roughed me up on the way out of the presidential palace.” Read more about this incident on the US Press Freedom Tracker. Facebook’s Oversight Board is just a stopgap, regulation urgently needed, RSF says President Donald Trump’s “Make America Great Again Committee” sent its fourth mainstream media accountability survey to it’s mailing list on July 19. The preface to the survey read: “I’ve said it before and I will say it again: the Mainstream Media wants our agenda to fail. It’s a 24/7 barrage of fake stories, and absolute revulsion for everything we stand for as a movement.” The survey consists of 27 questions, including multiple choice and short answers relating to news outlet preference, political bias in media, and the level of trust in mainstream news. Some of the questions targeted specific news outlets such as CNN, MSNBC, and Fox. Those who receive emails from the “Make America Great Again Committee” have yet received dozens of polls, and were polled on media accountability in May 2018, February 2017, and August 2016. Journalist barred from accessing ICE detention facility NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Pro-Trump committee creates media accountability survey News Trump tweets “fake news” and calls press “enemy of the people” again July 23, 2018 US — #WeeklyAddress July 16 – July 23: Trump ramps up attacks on the press amid critical coverage June 7, 2021 Find out more Help by sharing this information Canada newsprint tariff puts pressure on local media The White House has only held four press briefings in the past month, continuing the trend of less frequent press briefings under the Trump administration. The length of the briefings has also steadily decreased. From January to June, the average length of press briefings declined from 30 minutes earlier this year to just under 17 minutes by the end of May. June 3, 2021 Find out more Fox News host Neil Cavuto was bombarded with hateful and intimidating messages after speaking critically of President Trump last week, which he spent 10 minutes reading on a July 18 episode of “Your World with Neil Cavuto.” Numerous viewers sent these messages in response to Cavuto’s critical reception of the Trump-Putin joint press conference in Helsinki, Finland on July 16. He called the president’s refusal to confront Putin about Russian meddling in the 2016 election “disgusting” while analyzing the joint media appearance with a guest on his show that same day. One hate message he received read: “Watching a guy who’s so fat, the only reason some of his viewers stick around is to see him croak on live TV! P.S., i’m disgusted with you!” Reporter for The Nation forcibly removed from Trump-Putin press conference Follow the news on United States WhatsApp blocks accounts of at least seven Gaza Strip journalists Organisation RSF_en United StatesAmericas The United States ranks 45th out of 180 countries in RSF’s 2018 World Press Freedom Index after falling 2 places in the last year. Fox News host receives hate mail after criticizing Trump on-air News He also referred to the media as the “enemy of the people,” yet again, for their coverage of the Helsinki summit between President Trump and Russian President Vladimir Putin. For the latest updates, follow RSF on twitter @RSF_en. to go further United StatesAmericas News Below are the most notable incidents regarding threats to press freedom in the US during the week of July 16-July 23: Receive email alerts According to tweets from independent journalist Molly Crabapple on July 17, guards from the Port Isabel, Texas ICE detention center barred the reporter from entering the facility and refused to show her what rule forbade entry. Crabapple was driven by her friend to the detention center to visit the immigration court when she was stopped by a guard who told her friend that she didn’t have permission to enter. When Crabapple asked the guard if she could walk into the facility instead, the guard told her walking is forbidden and suggested she take a cab–the number for which they refused to provide. After Crabapple sent out multiple tweets highlighting the obstacles she encountered, other journalists came forward with their support, including former New York Times investigative reporter Nina Bernstein who shared about her own experience with ICE: “This thread brings back bad memories. ICE always obstructed, so I did interviews with immigration detainees as a “friend,” a driver’s license as ID. The detainee knew I was a journalist for @nytimes . Detention personnel did not. Of course there was less media attention then.” CNN reporter Bob Ortega retweeted Crabapple’s tweet, commenting: “[This thread] will be very familiar to anyone who’s done this kind of coverage. And though it is getting worse, this has been going on for years.” Media coverage of immigration and refugees is being strategically obstructed by governments across the world. Lawmakers testified before the International Trade Commission on Tuesday, July 17, about the recent tariffs implemented in President Trump’s trade policy. The tariffs have increased the price of newsprint by 25 percent, which is typically the second-largest expense for most news organizations and publishing companies. The tariffs, when paired with the move from paper to digital consumption, have these companies and now US lawmakers concerned that the American paper industry will shrink drastically. “The tariff has triggered a dramatic increase in the cost of newsprint … Cutting back the number of pages to offset the increase means less local news coverage for our communities,” said Lisa DeSisto, CEO and publisher of both MaineToday Media and Sun Media Group. US Senator Susan Collins proposed a bipartisan bill to suspend the tariffs, calling it the Protecting Rational Incentives in Newsprint Trade (PRINT) Act. The bill currently has 29 co-sponsors. White House held only four press briefings in the past month President Trump has insulted the “fake news” media seven times in the past week over Twitter, with five tweets from July 19 that appeared to be in response to an article published in The New York Times about President Trump’s knowledge of Russian activity in the 2016 presidential election two weeks before his inauguration. He again claimed The Times’ sources were made up or nonexistent—a common tactic for the president when attacking unfavorable media coverage. Nicholas Kamm / AFP April 28, 2021 Find out more
LiberiaAfrica Condemning abusesProtecting journalists EnvironmentJudicial harassmentViolence Dozens of armed police closed Roots FM on 10 October as it was broadcasting its most popular show, The Costa Show. It is hosted by the station’s owner, Henry Costa, a political commentator who is very critical of President George Weah.When Roots FM announced on the air that it was under attack, a large crowd quickly appeared outside, leading to clashes with the police. According to local media reports, the police removed equipment and documents from the radio station. Organisation Reports The 2020 pandemic has challenged press freedom in Africa October 14, 2019 Liberian radio station closed, another attacked by protesters Liberia is ranked 93rd out of 180 countries in RSF’s 2019 World Press Freedom Index. @YouTube screenshot. Rally in front of Roots FM headquaters. After Roots FM’s closure, the angry crowd went to the headquarters of Freedom FM, a radio station owned by National Security Agency deputy director Sam Siryon, and called for it to be closed as well because it criticizes opposition leaders. After stones were thrown at Freedom FM vehicles, the police carried out arrests in the street. These events occur a few days after the Press Union of Liberia had accused both Roots FM and Freedom FM of broadcasting “hate speech and insults” and, in a statement on 1 October, had called for both stations to be closed because of their “constant ethical breaches.” LiberiaAfrica Condemning abusesProtecting journalists EnvironmentJudicial harassmentViolence Receive email alerts Follow the news on Liberia Help by sharing this information November 27, 2020 Find out more News “Roots FM’s closure, after many attacks on this radio station since the start of the year, is a disturbing sign of the decline in the press freedom situation in Liberia,” said Assane Diagne, the director of RSF’s West Africa bureau. “We urge respect for media pluralism. The Liberian government must also guarantee the security of both of these radio station’s journalists and their broadcast equipment.” News RSF urges Liberian authorities to investigate threats against journalists Reporters Without Borders (RSF) calls on the Liberian authorities to guarantee the safety of journalists and their work tools after police shut down an opposition radio station in Monrovia last week and its listeners reacted by attacking a rival, pro-government radio station. December 16, 2020 Find out more News to go further Covid-19 emergency laws spell disaster for press freedom RSF_en @RSF_Inter June 12, 2020 Find out more
Pinterest Twitter Twitter Facebook By Digital AIM Web Support – February 9, 2021 WhatsApp Lygos Joins Forces with Flexible Solutions to Meet Growing Commercial Demand for Bio-Aspartic™ Acid Pinterest TAGS Local NewsBusiness Facebook BERKELEY, Calif.–(BUSINESS WIRE)–Feb 9, 2021– Lygos, Inc., a vertically integrated provider of safe and sustainable specialty ingredients, today announced a strategic investment from Flexible Solutions (NYSE: FSI) and its subsidiary NanoChem Solutions to advance Lygos’ Bio-Aspartic™ Acid technology. The investment is part of Lygos’ ongoing commitment to reducing dependence on foreign fossil fuels and reviving North American manufacturing capabilities. NanoChem Solutions specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) polymers. Initially developed as part of a grant from the US Department of Energy, Lygos’ Bio-Aspartic Acid can be used to produce TPA, which is a safe and sustainable alternative to polyacrylic acid (PAC). PAC is a key ingredient for a broad set of industrial agriculture, water treatment and chemical applications. Every year, millions of pounds of PAC are produced with a petrochemical process that often ends up polluting bodies of water and food supplies. Lygos aims to replace this toxic process by converting sustainable sugars into Bio-Aspartic Acid and other high-value specialty chemicals. The company’s proprietary technology platform utilizes the latest advances in bioengineering and data science to create bio-based solutions that feature compelling performance, economic and environmental advantages over traditional industrial ingredients. “FSI believes in the potential of sustainable aspartic acid,” said Dan O’Brien, CEO of FSI. “Our innovative TPA biopolymers have been recognized by the EPA for their ability to reduce or eliminate the generation of hazardous substances. The addition of Lygos’ sustainable Bio-Aspartic Acid will further improve the performance of our biodegradable, water-soluble products and reduce the overall impact on the environment.” “As the US rejoins global efforts in the fight against climate change, Lygos is focused on developing world-changing technologies aimed at sequestering carbon dioxide and replacing harmful plastics with more biodegradable and sustainable alternatives,” said Eric Steen, PhD, CEO of Lygos. “We are partnering with FSI and other industry leaders to advance our leading portfolio of organic acids, scale production and enable more customers around the world to create higher-quality and safer products.” About Flexible Solutions International Flexible Solutions International, Inc. ( www.flexiblesolutions.com ), based in Taber, Alberta, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. Along with TPA, this division produces other crop enhancement products. Other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavr™, the world’s first commercially viable water evaporation retardant. WaterSavr™ reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow-moving rivers. Heatsavr™, a “liquid blanket” evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity. About Lygos Lygos has created a fully integrated biological engineering platform focused on organic acid specialty chemicals, as well as health & wellness ingredients that include Lygos CBx cannabinoids and bio-monomers. Lygos’ sustainable, bio-based chemicals replace expensive, environmentally degrading alternatives from traditional industrial suppliers, enabling customers to create better, safer products with value-added performance. For more information, visit www.lygos.com and follow us @LygosBiotech. Lygos, the Lygos logo and Bio-Aspartic are trademarks of Lygos, Inc. Any other brands may be trademarks of their respective holders. View source version on businesswire.com:https://www.businesswire.com/news/home/20210209005078/en/ CONTACT: Andrew Noble (415) 722-2129 andrew—[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: ALTERNATIVE MEDICINE ENGINEERING HEALTH CHEMICALS/PLASTICS ENVIRONMENT MANUFACTURING BIOTECHNOLOGY SOURCE: Lygos, Inc. Copyright Business Wire 2021. PUB: 02/09/2021 08:03 AM/DISC: 02/09/2021 08:03 AM http://www.businesswire.com/news/home/20210209005078/en WhatsApp Previous articleHealthgrades Announces 2021 America’s Best Hospitals™Next articlePhysIQ and U.S. Veteran’s Affairs Advance to Interventional Trial Phase Digital AIM Web Support
Facebook WhatsApp By Digital AIM Web Support – February 22, 2021 Facebook Previous articleGlobal Time Sensitive Networking Markets, 2021-2026 – Switches, Hubs, Routers & Gateways, Controller & Processors, Isolators & Convertors, Connectors, Communication Interfaces – ResearchAndMarkets.comNext articleTide Loads of Hope Powered by Tide Cleaners Helps Lighten the Load for Texas Families Faced with Crisis Digital AIM Web Support Pinterest Kohl’s Comments on Investor Statement and Director Nominations Local NewsBusiness WhatsApp MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–Feb 22, 2021– Kohl’s Corporation (NYSE:KSS) (“Kohl’s” or the “Company”) today issued the following statement in response to the press release and open letter published by the investor group consisting of Macellum Advisors GP, LLC, Legion Partners Holdings, LLC, Ancora Advisors, LLC, and 4010 Capital, LLC (collectively, “the Investor Group”). The Company also commented on the Investor Group’s announcement of its nomination of a controlling slate of nine directors for election to the Kohl’s Board of Directors (the “Board”) at the Company’s 2021 Annual Meeting of shareholders. Kohl’s is committed to maintaining constructive engagement with all shareholders regarding the Company’s strategies and prospects. The Kohl’s Board and management team have been engaged in discussions with the Investor Group since early December, and we remain open to new ideas that will improve our operating performance and capital allocation. However, we reject the Investor Group’s attempt to seize control of our Board and disrupt our momentum, especially considering that we are well underway in implementing a strong growth strategy and accelerating our performance, and we have refreshed half our Board with six new independent directors since 2016. Today is the first time the Investor Group has shared any details about their plans to create value. Our new strategic plan already includes several initiatives they propose and we have also determined that other ideas they propose would not be accretive to shareholder value. The Company’s Board and management will continue to engage with the Investor Group with the goal of identifying new ideas that could enhance shareholder value. New Strategic Plan to Accelerate Growth and Profitability; Major Long-Term Partnership with Sephora Our Board and management team announced, in October 2020, a new vision and long-term strategic framework to accelerate our growth and profitability. The strategy, centered around the new vision to be the most trusted retailer of choice for the active and casual lifestyle, includes a goal of expanding our operating margin to 7% to 8%. The new strategy builds on progress the Company has made in recent years to strengthen the foundation and capabilities of the business. We also recently announced a new long-term partnership with Sephora – the most significant partnership in our Company’s history – which we are confident will make Kohl’s a leading beauty destination and accelerate our growth and profitability. Investments over the last three years in stores, digital, technology, supply chain and marketing capabilities have supported the continued transformation of the business and positioned Kohl’s for future growth. Our innovative actions to drive traffic and customer acquisition successfully grew Kohl’s customer base, reaching a record 65 million customers in 2019. Additionally, we enhanced our omni experiences, including Buy Online, Pickup In Store, Buy Online Ship to Store, Store Drive Up and Amazon Returns. The Company will leverage this strong foundation as it executes against the new long-term strategic framework. Strong Third Quarter and Preliminary Fourth Quarter Results We are already making progress against our strategy. We reported strong third quarter and preliminary fourth quarter earnings that exceeded expectations and were well-received by investors even amidst an ongoing global pandemic that has significantly disrupted our industry. In both quarters, we delivered sequential sales improvement, a better than expected gross margin rate and strong SG&A expense management, all of which further strengthened our financial position. Seven Equity Analyst Upgrades and Significant Shareholder Value Creation Since Introduction of New Strategy Investors and analysts are reacting positively to our new strategy and strong recent performance, as evidenced by upgrades from seven equity analysts and one fixed income analyst since October. Additionally, Kohl’s stock price has appreciated more than 170% since we announced our new strategy in October, outperforming the S&P 500 by more than 150%. Driving Top Line Growth Our strategic plan is focused on accelerating top line growth and we are already gaining traction. While we are still managing through the pandemic and ensuring the safety of our associates and customers, we are positioning the business for growth and are focused on acquiring new customers and actively targeting opportunities to capture market share from the retail industry disruption. We are building on proven momentum to drive top line growth in several key areas:Building a Transformational Beauty Business with Sephora: In December, we announced a major long-term partnership with Sephora to elevate our Beauty business and drive growth by attracting new and younger customers. Sephora will become Kohl’s exclusive beauty partner with at least 850 Sephora at Kohl’s locations by 2023 and a digital launch in August 2021. This highly complementary partnership illustrates the bold moves that we are making to accelerate our growth and expand our scale in-store and online. We expect this strategic partnership to drive substantial incremental customer traffic and significantly grow our Beauty business, as well as positively impact sales across other categories.Growing Our Active Business to 30% of Sales: We are significantly increasing our leadership position in Active, which grew at a 10% CAGR during 2017 to 2019 and continued to outperform in 2020. Today, Active represents 20% of our sales, roughly double what it was in 2013. We plan to increase Active to 30% of sales, driven by key national brands, expanded dedicated space in our stores, growing outdoor through partnerships like the recently announced Eddie Bauer launch, as well as amplifying our athleisure opportunity through the launch of FLX, our new athleisure private brand, next month.Reigniting Our Women’s Business: We are reigniting growth in our Women’s business. We have a new leadership team for this business and we have optimized our product portfolio through the exit of 10 down-trending brands. Improving overall clarity has also been a focus and we have significantly reduced choice counts while continuing to build depth. We are also improving the in-store merchandising presentation and actively cultivating a pipeline of new brands to keep the portfolio fresh.Investing in Omnichannel to Increase Productivity: We are continuing to grow our omnichannel offering while leveraging our profitable, cash generative store base. Our investments are generating strong results, enabling us to grow digital penetration from 5% of sales in 2011 to 24% in 2019 – a nearly five-fold increase. Our Q4 preliminary earnings results show continued progress – digital sales grew more than 20% year-over-year and accounted for more than 40% of net sales, with our stores playing a critical role in supporting the heightened demand. We will continue to invest in the evolution of the Kohl’s digital experience and will evolve the store experience in the years ahead to provide more relevancy and discovery for our customers. Notably, an omni-customer at Kohl’s is four times more productive than a store-only shopper and six times more productive than a digital-only customer. Expanding Operating Margin to 7% to 8% and Improving Expense Efficiency We are executing against our strategy to achieve our operating margin goal of 7% to 8% through efforts across both gross margin and SG&A expense efficiency. Our gross margin performance in recent years reflects continued merchandise margin improvement, offset by costs to fulfill a higher percentage of digital sales. Looking forward, our efforts to expand gross margin include an end-to-end supply chain transformation, sourcing efficiency, price and promotion optimization, and disciplined inventory management. We have improved inventory turn in three of the past four years and achieved a five-year high in the third quarter. With a focus on fewer product choices and greater depth, we see an opportunity to further improve our inventory turn in the future. Regarding SG&A expense, our leadership team has taken aggressive action to reduce costs and increase long-term profitability across our business. From 2017 to 2019, our cost savings initiatives exceeded $250 million, which supported investment in our omnichannel capabilities and helped offset wage and other industry cost pressures. Further, in 2020, our organizational restructuring efforts generated additional expense savings of more than $100 million on an annualized basis. Looking ahead, we are focused on lowering our SG&A expense rate by improving efficiency across areas including store labor, marketing, and technology costs. We also expect to leverage investments made in recent years to support future growth and improve our profitability. Disciplined Capital Management; Significant Capital Returned to Shareholders; Regularly Evaluating Real Estate Portfolio We have a long history of prudently managing our capital and remain committed to sustaining our Investment Grade rating. We have successfully navigated the current crisis, generating significant cash flow and increasing our financial liquidity. We ended the third quarter of 2020 with more than $1.9 billion in cash, up from $723 million at the end of the fourth quarter of 2019 and plan to reinstate a dividend in the first half of 2021. We have a strong track record of returning capital to shareholders – between 2017 and 2019 we returned approximately $2.4 billion through dividends and share repurchases. Regarding our real estate portfolio, we regularly evaluate the opportunity to create value with sale-leaseback transactions. Historically this approach has not offered the optimal cost of capital relative to other alternatives. We recently utilized this tool during the pandemic when it delivered the lowest cost of capital. In addition to the inefficiency of this approach for Kohl’s at this time, our indenture written in 1995 currently restricts further sale-leaseback transactions. Strong Board of Directors and Ongoing Refreshment Kohl’s is committed to a strong, independent Board and ongoing refreshment. Our current Board is comprised of eleven independent directors and our CEO, and six new directors have been added since 2016. Each of our current directors brings unique, valuable experience and skills to our Board. Kohl’s Governance and Nominating Committee strives to ensure that the composition of the Board reflects an appropriate diversity of background, institutional knowledge, viewpoints, financial expertise, industry experience and skills and periodically reviews and updates the Company’s criteria and desired qualifications for nomination to the Board to reflect this goal. Our Board will continue to be agents of change, focused on ensuring improved performance and creating shareholder value. The Board understands the profound changes that are continuing to reshape the retail industry and has acted decisively to ensure Kohl’s is adapting to win in the marketplace, including by:Formulating and implementing an orderly succession for a new CEO with extensive industry expertise in 2018 and supporting the appointment of a new CFO in 2019 with significant retail expertise. The Board also supported significant additions to the executive leadership team, each of whom brings deep experience across digital, technology, and retail;Supporting the development of the Company’s new strategic plan, announced in October 2020, with the goal of accelerating revenue growth and enhancing long-term profitability;Providing oversight for significant, targeted investment in our omnichannel and e-commerce capabilities to strengthen our competitive positioning; andRefreshing the Board’s skills and perspectives with a focus on e-commerce, retail and consumer experience. Committed to Environment, Social and Governance (ESG) Kohl’s management, led by CEO Michelle Gass, is committed to fostering a diverse, equitable, and inclusive environment for the Company’s associates, customers and suppliers. A diversity and inclusion framework was established in 2020, which includes a number of key initiatives across three pillars: Our People, Our Customers, and Our Communities. In addition, management has established 2025 goals related to climate change, waste and recycling, and sustainable sourcing. The Company’s ESG efforts have earned frequent recognition, including, but not limited to: being named to the Dow Jones Sustainability Index North America (2018, 2019, 2020); being named to Barron’s list of the Top 100 Sustainable Companies (2019, 2020); receiving the U.S. Environmental Protection Agency (“EPA”) 2020 Smartway Excellence Award; and being recognized as one of the World’s Most Ethical Companies (2019, 2020) by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Pay for Performance Compensation Our executive compensation programs are directly linked to corporate performance with the objective of increasing long-term shareholder value. The majority of our executives’ compensation is earned only upon achievement of financial performance targets. Since 2011, we have held an advisory shareholder vote on the compensation of our NEOs at each of our annual meetings of shareholders. Our shareholders have consistently shown strong support for our NEO compensation, including a vote of nearly 92% of the votes cast by our shareholders in favor of approving this compensation last year. Committed to Enhancing Value for All Shareholders Our Board and management team will continue to aggressively pursue the best interests of all shareholders as we manage the business to increase shareholder value in both the near- and long-term. We are confident that our new strategy, which includes important sales growth and profitability initiatives, will drive long-term shareholder value, and we are already delivering progress against it. Shareholders Not Required to Take Any Action at This Time The Board will present its recommendation regarding director nominees in Kohl’s definitive proxy statement and other materials, to be filed with the U.S. Securities and Exchange Commission and made available to all shareholders eligible to vote at the 2021 Annual Meeting. The Company will announce details regarding the 2021 Annual Meeting in due course. Cautionary Statement Regarding Forward-Looking Information This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “strategy,” “preliminary,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause the Company’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to execute on and realize the benefits of our strategic plan, any material changes to our preliminary results for the fourth quarter that may arise as a result of our closing procedures, market conditions beyond our control, including the ongoing and evolving impact of the COVID-19 pandemic, that may negatively impact our stock price vis-à-vis industry analyst expectations and the risks described more fully in Item 1A in the Company’s Annual Report on Form 10-K, and in Item 1A of Part II in the Company’s Quarterly Report on Form 10-Q for the quarter ended May 2, 2020, which are expressly incorporated herein by reference, and other factors as may periodically be described in the Company’s filings with the SEC. Forward-looking statements relate to the date initially made, and Kohl’s undertakes no obligation to update them. Important Shareholder Information and Where You Can Find It Kohl’s intends to file a proxy statement and BLUE proxy card with the SEC in connection with the solicitation of proxies for Kohl’s 2021 Annual Meeting of shareholders (the “Proxy Statement” and such meeting the “2021 Annual Meeting”). Kohl’s, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the 2021 Annual Meeting. Information regarding the names of Kohl’s directors and executive officers and their respective interests in Kohl’s by security holdings or otherwise is set forth in Kohl’s proxy statement for the 2020 Annual Meeting of shareholders, filed with the SEC on March 26, 2020 (the “2020 Proxy Statement”). To the extent holdings of such participants in Kohl’s securities have changed since the amounts described in the 2020 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC or will be filed within the time period specified by Section 16 of the Securities Exchange Act of 1934, as amended, and the regulations thereunder. Additional information is available in Kohl’s Quarterly Reports on Form 10-Q for the first three quarters of the fiscal year ended January 30, 2021 filed with the SEC on June 5, 2020, September 3, 2020 and December 3, 2020, respectively. Details concerning the nominees of Kohl’s Board of Directors for election at the 2021 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF KOHL’S ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING KOHL’S DEFINITIVE PROXY STATEMENT, ANY SUPPLEMENTS THERETO AND THE ACCOMPANYING BLUE PROXY CARD BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive Proxy Statement and other documents filed by Kohl’s free of charge from the SEC’s website, www.sec.gov. Copies will also be available at no charge on the Kohl’s website at investors.kohls.com. KSS-IR About Kohl’s Kohl’s (NYSE: KSS) is a leading omnichannel retailer. With more than 1,100 stores in 49 states and the online convenience of Kohls.com and the Kohl’s App, Kohl’s offers amazing national and exclusive brands at incredible savings for families nationwide. Kohl’s is uniquely positioned to deliver against its strategy and its vision to be the most trusted retailer of choice for the active and casual lifestyle. Kohl’s is committed to progress in its diversity and inclusion pledges, and the company’s environmental, social and corporate governance (ESG) stewardship. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter. View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005742/en/ CONTACT: Investor Relations: Mark Rupe, (262) 703-1266,[email protected] Media: Jen Johnson, (262) 703-5241,[email protected] Lex Suvanto, (646) 775-8337,[email protected] KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: FASHION COSMETICS ONLINE RETAIL RETAIL DEPARTMENT STORES HOME GOODS SOURCE: Kohl’s Copyright Business Wire 2021. 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Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest AudioHomepage BannerNews Twitter RELATED ARTICLESMORE FROM AUTHOR Shock after dog warden van set on fire Facebook A councillor in Derry has slammed those responsible for setting fire to a Council Dog Warden van in Creggan on Friday night.No one was injured in the attack but the Dog Warden in question was left shaken by the incident.Hundreds of local families were gathered for a festive event streets away from where the attack occurred at the time.Local Councillor Kevin Campbell has said the attack is about more than just the van:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/12/camphjjghjghjghbell1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Important message for people attending LUH’s INR clinic WhatsApp Pinterest By News Highland – December 3, 2018 Facebook Twitter DL Debate – 24/05/21 WhatsApp Google+ Previous articleIrish Water holding crunch meeting over Inishowen supplyNext articleConcern over psychiatric & counselling services in Donegal News Highland News, Sport and Obituaries on Monday May 24th Nine til Noon Show – Listen back to Monday’s Programme
ABC News(PHOENIX) — The fourth murder in a string of killings that began with the shooting of prominent forensic psychologist Steven Pitt in Phoenix has now been linked to the first three, law enforcement officials told ABC News.Pitt, who consulted with law enforcement on a handful of prominent cases, including the JonBenet Ramsey murder and the Jodi Arias trial, was shot and killed outside his office in Phoenix on Thursday night. An eyewitness said he heard Pitt loudly arguing with someone followed by gunshots, according to police.Law enforcement officials told ABC News on Sunday that this person is the only known eyewitness to any of the murders. The suspect was described by police as a white man wearing a black cap with a short brim.Scottsdale police had already connected the Friday afternoon killings of paralegals Veleria Sharp, 48, and Laura Anderson, 49, to the same suspect.The murder of Marshall Levine, who was killed just after midnight Saturday in Scottsdale, Arizona, has now been linked to the same gun used in all four murders, law enforcement officials told ABC News.The sources said the motive in the four killings remains unclear, but this is likely “family related.” The law enforcement officials said they have a bead on a “couple” of possible suspects.Levine’s ex-wife, Carol Kleinman, told ABC News that Levine was a psychiatrist, but was only licensed to practice in New Jersey.Since moving to Arizona, Kleinman said Levine worked as a life coach and hypnotherapist and dealt with clients who often “are angry.”Levine’s body was discovered by an acquaintance inside of his Scottsdale office in a neighborhood known as The Greens at Gainey Ranch — about 17 minutes from where the paralegals were shot.Law enforcement officials told ABC News on Sunday that one of the two paralegals actually crawled to a limo bus after being shot and alerted the driver, who called police. Police followed the trail of blood left by that woman to find the other, shot to death in the pair’s law office.“We are confident that both crime scenes are related,” Phoenix Police Department spokesman Sgt. Vince Lewis Lewis said Saturday of the shootings of Pitt and the two paralegals.Steven Pitt & Associates is headquartered in Phoenix, but Pitt worked on a number of nationally known cases, including Ramsey’s murder. The murder of the 6-year-old beauty pageant competitor who was found dead in the basement of her family’s home in Boulder, Colorado, has never been solved. Pitt was brought on in February 1997 to help develop a psychological profile of Ramsey’s parents, according to multiple reports at the time.Pitt also consulted on cases including the Columbine High School massacre, Kobe Bryant’s sexual assault case and the Phoenix serial killer known as the “Baseline Killer,” who was sentenced to death for murdering nine people in 2005 and 2006.No connection has been publicly announced between Pitt and the two paralegals or Levine.A $21,000 reward was being offered for an arrest and conviction in the four murders.Copyright © 2018, ABC Radio. All rights reserved.
View post tag: Anti-Submarine View post tag: Warfare Industry news View post tag: receives Russia: NF Receives Upgraded Variant of Anti-Submarine Warfare Aircraft View post tag: News by topic View post tag: NF March 7, 2012 View post tag: Navy View post tag: Upgraded View post tag: Variant View post tag: Naval View post tag: Aircraft Upgraded variant of ASW aircraft Il-38 has been commissioned into Northern Fleet (NF). Its modification Il-38N has improved combat capabilities. Apart from antisubmarine functions, it can act as electronic intelligence naval aircraft. Il-38N is equipped with new onboard radar system Novella capable to detect targets at the range up to 320 km and designed for underwater, surface, and air reconnaissance.Novella comprises digital computer and two operator workstations. The new radar includes infrared high-definition imaging system, magnetometer, optical sensor system with laser, television, and infrared channels, gravity disturbance gauge, and other instruments making possible to accomplish military tasks (searching of submarines, surface warfare etc) and conduct scientific researches in oceanology, ecology, and geologic exploration. Modernized airplane Il-38N with Novella radar system can be used for charting of the Arctic Ocean’s magnetic and gravity maps.The cockpit contains two operator workstations; each one is equipped with two liquid-crystal color multi-functional displays and a keyboard command panel. Except for tactical situation, digital navigation chart can be displayed as well. Same display is placed on navigator’s panel board. The aircraft is equipped with new-generation droppable sonar- and magnetic buoys outclassing the world’s best analogs.New aircraft has already proved itself at NF antisubmarine drills. The aircraft modernization program implies retrofitting of the fleet’s Il-38 airplanes up to Il-38N version.[mappress]Naval Today Staff , March 07, 2012 Back to overview,Home naval-today Russia: NF Receives Upgraded Variant of Anti-Submarine Warfare Aircraft Share this article