During Monday’s current trade, Brunswick Corporation (NYSE:BC)’s shares gained 0.67%, to $51.07.
Brunswick Corporation (BC) declared continued improvements to its dealer certification program in an effort to provide greater value and challenge to the Brunswick marine dealer network. In partnership with the Marine Retailers Association of the Americas (MRAA), Brunswick dealers can now complete their certification online using a completely new, interactive virtual platform. Brunswick boat dealers also will be introduced to new, relevant certification requirements and an expanded two-year certification cycle.
With the new online platform, Brunswick dealers will have the flexibility to complete their certification process at a pace that is convenient for them. Dealers will be able to enter and upload all needed information for each standard, while receiving step-by-step video instruction along the way. The system also allows dealers to save their progress as they work through the standards one-by-one, while retaining the information for the dealers` use in the future for their recertification.
Once dealers have accomplished their certification standards, they will attend a one-on-one webinar with a dedicated facilitator to review their uploaded content, talk about areas of strength or weakness, and develop specific business improvement strategies tailored to their dealership.
“We are always looking for ways to provide more value, streamline and improve dealer processes and assist save our dealers` time and money,” said Brunswick Dealer Certification Program Manager, Kirsten Schuchardt. “This innovative online portal, improved content and simplified two-year certification cycle allow us to address all of these areas while providing a superior certification program that our dealers expect and deserve.”
“There has never been a better time to become a Certified Dealer,” says MICD Program Director Sonja Moseley. The MICD Program launched its online portal in March. “Dealers have already commented on how much more smoothly the process runs, and how much less cumbersome it is to get through each of the standards and see certification through to completion. The online platform is a true game-changer for the MICD Program, and now for the Brunswick Dealer Certification program as well.”
Brunswick Corporation designs, manufactures, and markets recreation products in the United States and internationally. The company’s Marine Engine segment offers outboard engines, sterndrive propulsion systems, and inboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet and Mercury Jet Drive, MotorGuide, Axius, and Zeus brands; and marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and marine lubricants under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land N Sea, Kellogg Marine Supply, Diversified Marine Products, Bell Recreational Products, Sea Choice, and MotorGuide brands, in addition to supplies integrated diesel propulsion systems.
Dow Chemical Co (NYSE:DOW)’s shares jumped 0.37% to $51.87, during the current trading session Monday’s.
Dow Chemical Co (DOW), declared a series of actions to further streamline the organization and optimize its footprint as a result of the Company’s pending separation of a noteworthy portion of its chlorine value chain.
Dow has shifted its portfolio toward targeted, integrated high-value markets, and as a result the Company is taking additional actions to further enhance its organizational effectiveness – with a focus on driving geographic market engagement coupled with global efficiency – to deliver maximum value from its growth investments.
The actions will further accelerate Dow’s value growth and productivity targets, and will result in a reduction of about 1,500 – 1,750 positions, or about 3 percent of the global workforce. In parallel, the Company is also announcing additional minor adjustments to its asset footprint to enhance competitiveness.
The Company will take charges totaling about $330 million – $380 million in the second quarter of 2015 for asset impairments, severance and other costs related to these measures, which are predictable to be accomplished during the next two years. Once fully implemented, these actions are predictable to result in about $300 million of annual operating cost savings.
“At our Investor Day last fall, we committed to a new, three-year $1 billion productivity drive. Our productivity efforts continue to center on cost-out actions and doing more with the resources we have in place, all to enable higher earnings,” said Howard Ungerleider, Dow’s chief financial officer. “We executed against each of our financial, operational and planned objectives again in the first quarter, and today’s announcement illustrates our ongoing commitment to the consistent implementation of our strategy moving forward and proactively addresses any stranded costs from the divestment of Dow Chlorine Products.”
The Company will involve local stakeholders as defined in each country and in compliance with relevant information and consultation processes.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments. The Agricultural Sciences segment provides crop protection and seed/plant biotechnology products and technologies, urban pest administration solutions and healthy oils, insecticides, fungicides, herbicides, and seeds. The Consumer Solutions segment offers semiconductors and organic light-emitting diodes, and adhesives and foams used by the transportation industry; and cellulosics for pharmaceutical formulations and food solutions.
In an afternoon trade, Woodward, Inc. (NASDAQ:WWD)’s shares rose 0.97%, to $47.81.
Woodward, Inc. (WWD) declared that it amended its current revolving credit facility, increasing the borrowing capacity from $600 million to $1.0 billion. The terms and conditions of the amended credit agreement are similar to the current agreement. The amended facility matures in five years, on April 28, 2020.
Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace and energy markets worldwide. Its Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft that are used on commercial and defense fixed-wing aircraft and rotorcraft, in addition to in weapons and defense systems. This segment also provides aftermarket repair, overhaul, and other services to commercial airlines, turbine original equipment manufacturer (OEM) repair facilities, military depots, third party repair shops, and other end users.
Alibaba Group Holding Ltd (NYSE:BABA), during its Monday’s current trading session declined -1.00% to $80.40.
Tmall Global, a platform under Alibaba Group Holding Limited (BABA), also declared that Thailand’s largest duty-free retail group, King Power, will open a duty-free storefront on the platform and become the first company to offer this service to Chinese consumers. By launching the “World Duty Free” service, Tmall Global hopes to enhance cross-border e-commerce opportunities for global companies looking to reach Chinese shoppers when they travel.
Tmall Global, China’s leading cross-border e-commerce platform, declared the launch of a new “World Duty Free” service that allows Chinese tourists to prepay for their duty-free purchases before going on vacation.
“We are excited that Thailand’s King Power is launching its duty-free store on Tmall Global. Cross-border e-commerce has great potential in China and Tmall Global will continue to assist brands and retailers sell into China through innovative solutions, at the same time providing Chinese consumers a wide variety of product choice,” said Maggie WU, head of Tmall Global.
The King Power Duty Free store on Tmall Global allows consumers to purchase stored-value cards online before their vacation and when they visit Thailand, users can then spend the value on those cards in five King Power shops in the country, counting the stores in Bangkok’s Don Mueang International Airport and the Suvarnabhumi Airport. King Power’s duty-free stores host over 600 global brands.
Through Tmall Global’s “World Duty Free” service, companies like King Power are able to tailor special promotional discounts for Chinese tourists and assist them minimize the hassle of carrying cash and dealing with exchange rates. Although the King Power Duty Free store has been online for less than a month, the total order value from consumers has topped RMB 1 million (US$161,000), with an average order size of RMB 7135 ($1150).
According to tax rebate company, Global Blue, Chinese global shoppers accounted for nearly 30 percent of all tax-free shopping spending in the world last year.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
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