On Friday, Shares of Office Depot, Inc. (NASDAQ:ODP), lost -0.06% to $8.85.
Office Depot, declared that the new uni-ball 307 and the uni-ball AIR are now accessible to purchase at Office Depot and OfficeMax locations and online at officedepot.com.
“The evolution of the writing instrument aims to cater to customers’ tailored preferences,” explained Andrew Tomlin, writing expert for Office Depot, Inc. “These two new uni-ball lines provide a unique writing experience, equipping customers with the finest gear they need.”
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
Shares of EMC Corporation (NYSE:EMC), declined -2.18% to $26.45, during its last trading session.
EMC Corporation, and Friends of the USA Pavilion Milan 2015 declared that EMC is the official information infrastructure provider for the USA Pavilion at this year’s worlds’ fair, Expo Milano 2015.
The USA Pavilion is focused on food safety, security and sustainability at a global scale. Under the theme of “American Food 2.0″, the Pavilion is creating awareness and sparking a worldwide conversation around how to meet the future needs of a global population that is projected to surpass 9 billion by 2050, according to the United Nations while respecting the Planet and its equilibrium.
As the information infrastructure provider, EMC is providing the Pavilion with a powerful storage and software solution and professional technical services to power the Pavilion’s digital strategy and capabilities.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Finally, NIKE, Inc. (NYSE:NKE), ended its last trade with 4.27% gain, and closed at $109.71, hitting its highest level.
NIKE, stated fiscal 2015 financial results for its fourth quarter and full year ended May 31, 2015. Diluted earnings per share for the quarter raised 26 percent as broad-based revenue growth, gross margin expansion and a lower tax rate more than offset raised SG&A investments.
Fiscal 2015 diluted earnings per share rose 25 percent to $3.70, reflecting 10 percent revenue growth, gross margin expansion, a lower tax rate and a lower average share count, which more than offset the impacts of higher SG&A investments.
Fourth Quarter Income Statement Review
- Revenues for NIKE, Inc. rose 5 percent to $7.8 billion, up 13 percent on a currency-neutral basis.
- Revenues for the NIKE Brand were $7.4 billion, up 13 percent on a currency-neutral basis driven by growth in nearly every geography and key category except Emerging Markets and Global Football.
- Revenues for Converse were $435 million, up 14 percent on a currency-neutral basis, mainly driven by market transitions to direct distribution in AGS (Austria, Germany and Switzerland) and strong performance in the United States.
- Gross margin expanded 60 basis points to 46.2 percent. The enhance was primarily attributable to higher average selling prices and continued growth in the higher margin Direct to Consumer (DTC) business, partially offset by higher product input and logistics costs.
- Selling and administrative expense raised 6 percent to $2.6 billion. Demand creation expense was $819 million, down 7 percent, reflecting higher investment in support of the World Cup in the fourth quarter of fiscal 2014. Operating overhead expense raised 13 percent to $1.8 billion, reflecting continued growth in the DTC business and targeted investments in infrastructure and consumer-focused digital capabilities.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, mens training, womens training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
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