On Friday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -0.53% to $3.78.
Sirius XM declared that International Tennis Hall of Famer Jimmy Connors, a five-time US Open Men’s Singles Champion and one of the greatest to ever play the game, will host a series of US Open specials airing on SiriusXM’s Mad Dog Sports Radio, channel 82.
Connors will broadcast live from the SiriusXM studios in Manhattan alongside Christopher “Mad Dog” Russo on Tuesday, September 8 (5:00 pm ET) and on Thursday, September 10 (4:00 pm ET). On Saturday, September 12, Connors and SiriusXM’s Dan Graca will broadcast live (9:00 am to noon ET) from the USTA Billie Jean King National Tennis Center in Flushing, NY, where they will preview that day’s Women’s Singles Final and Men’s Doubles Final, in addition to the next day’s Men’s Singles Final.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Vince Holding Corp (NYSE:VNCE), declined -43.47% to $5.24, during its last trading session, hitting its lowest level.
Vince Holding stated unaudited results for the second quarter of fiscal 2015.
For the second quarter ended August 1, 2015:
- Net sales reduced 10.4% to $80.0 million from $89.3 million in the second quarter of fiscal 2014. The wholesale segment reduced 21.6% to $58.3 million and the direct-to-consumer segment raised 44.7% to $21.7 million over the second quarter of fiscal 2014. Comparable store sales raised 13.4%, counting e-commerce sales.
- Gross profit was $20.8 million, or 26.0% of net sales, which comprises a $14.4 million charge associated with the write-down of excess inventory and aged product to predictable net realizable value. Not taking into account the inventory write-down, gross profit was $35.2 million, or 44.0% of net sales. This compares to gross profit of $44.0 million, or 49.3% of net sales in the second quarter of fiscal 2014.
- Selling, general, and administrative expenses were $27.3 million or 34.2% of sales. This comprised $2.9 million of net administration transition costs related to executive severance and related costs. Not taking into account these costs, selling, general and administrative costs were $24.5 million or 30.6% of net sales in the quarter. In the second quarter of fiscal 2014, selling, general and administrative costs were $24.1 million or 27.0% of sales, which comprised costs related to the Company’s July 2014 secondary offering. Not taking into account the Secondary Offering costs, selling, general and administrative expenses were $23.5 million, or 26.3% as a percent of sales in the second quarter of fiscal 2014.
Vince Holding Corp. designs, merchandises, and sells various contemporary fashion brand products in the United States and internationally. It operates through two segments, Wholesale and Direct-To-Consumer. The company offers a range of women’s products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, denims, tanks, T-shirts, pants, handbags, and outerwear; and men’s products comprising T-shirts, knit and woven tops, sweaters, denim, pants, blazers, outerwear, and leather jackets.
Finally, CBS Corporation (NYSE:CBS), ended its last trade with -2.03% loss, and closed at $42.92.
CBS Corporation and TEGNA Inc. (TGNA) have declared a comprehensive deal that renews station affiliation agreements for 10 TEGNA Media markets nationwide. The markets renewed cover over nine percent of the U.S. and serve more than 10 million households.
The new deal also comprises TEGNA’s participation in CBS All Access, the company’s digital subscription, video on demand and Nielsen-measured live streaming service. The addition of all TEGNA CBS-associated stations will expand the live linear feed coverage of CBS All Access to 85 percent of U.S. households by year-end.
The agreement comprises renewals for TEGNA-owned CBS associates: WUSA in Washington, D.C.; WTSP in Tampa, FL.; WFMY in Greensboro, NC; KTHV in Little Rock, AR; WLTX in Columbia, SC; WMAZ in Macon, GA; KREM in Spokane, WA; KHOU in Houston, TX; KENS in San Antonio, TX; and WWL in New Orleans, LA.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
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