On Monday, Shares of The Western Union Company (NYSE:WU), gained 0.97% to $18.73.
This week, The Western Union Company (WU), will celebrate 20 years of providing cross-border money movement solutions to consumers in Africa and African diaspora living outside of their home countries.
Over two decades, Western Union has expanded the choice for consumers both through its extensive retail network on the continent and with new digital capabilities through technology advances, facilitating access to Africa’s most urban and rural areas. Recently, consumers have the choice of using multi-channels to send or receive remittances from more than 200 countries and territories – either using the company’s 35,000 walk-in retail locations in Africa, or through connections to millions of bank accounts and mobile wallets in more than 50 countries and territories across Africa. The Western Union network serves millions of senders and receivers with a choice of more than 130 currencies.
“Together with our global Agent network, our mobile and other digital technologies are fostering new economic opportunities for individuals and businesses across Africa,” said Western Union President and CEO Hikmet Ersek, who will discuss how Western Union’s technology solutions, in combination with its global pay-in, pay-out network, are fostering economic development and financial inclusion for consumers and businesses with government ministers, business leaders, trade associations, agent partners and officials from Morocco, Gabon and other African nations.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
Shares of Dillard’s, Inc. (NYSE:DDS), declined -6.50% to $72.54, during its last trading session.
Dillard’s, declared operating results for the 13 and 39 weeks ended October 31, 2015. This release contains certain forward-looking statements. Please refer to the Company’s cautionary statements regarding forward-looking information comprised below under “Forward-Looking Information.”
Third Quarter Results
Dillard’s stated net income for the 13 weeks ended October 31, 2015 of $45.7 million, or $1.19 per share, contrast to net income of $55.2 million, or $1.30 per share, for the preceding year third quarter. Comprised in net income for the current year third quarter is a net after-tax credit of $6.0 million ($0.16 per share) related to the sale of three store locations. Comprised in net income for the preceding year third quarter is a net after-tax credit of $3.8 million ($0.09 per share) related to the sale of one store location.
Net sales for the 13 weeks ended October 31, 2015 were $1.435 billion and $1.460 billion for the 13 weeks ended November 1, 2014.Net sales comprises the operations of the Company’s construction business, CDI Contractors, LLC (“CDI”).
Total merchandise sales (which excludes CDI) for the 13-week period ended October 31, 2015 were $1.382 billion and $1.422 billion for the 13-week period ended November 1, 2014. Total merchandise sales reduced 3% for the 13-week period ended October 31, 2015. Sales in comparable stores for the period reduced 4%. In relation to the total Company sales performance, better performing categories were shoes, juniors’ and children’s apparel, cosmetics, and ladies’ apparel. Weaker performing categories were men’s apparel and accessories and ladies’ accessories and lingerie with notable weakness in home and furniture. Sales were strongest in the Eastern region, followed by the Western and Central regions, respectively.
Dillard’s Chief Executive Officer, William T. Dillard, II, stated, “We are disdesignated with our third quarter sales performance and in the resulting decline in profit. Share buyback remained a high priority, and we repurchased $175 million of stock under our share repurchase program.”
Dillard’s, Inc. operates as a fashion apparel, cosmetics, and home furnishing retailer in the United States. The company’s stores offer a selection of merchandise, counting fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
Finally, Shares of Monogram Residential Trust Inc (NYSE:MORE), ended its last trade with 1.93% gain, and closed at $10.06.
Monogram Residential Trust, declared that its board of directors authorized a cash dividend of $0.075 per share on common stock for the fourth quarter of 2015. The dividend will be payable on January 5, 2016 to shareholders of record at the close of business on December 29, 2015.
Monogram Residential Trust, Inc. is an equity real estate investment trust. The trust invests in the real estate markets of United States. It engages in investment, development and operation of real estate assets.