LL Flooring Plans To Slow New Store Openings; Recommence Share Repurchases In 2023

RTTNews | hace 1052
LL Flooring Plans To Slow New Store Openings; Recommence Share Repurchases In 2023

(RTTNews) - Providing a business update in advance of investor meetings, specialty retailers LL Flooring (LL) said Tuesday it plans to slow new store openings and recommence share repurchases in 2023 under its existing share repurchase program

The Company recently opened two new stores in Bellingham, Washington, and Joplin, Missouri, bringing total new store openings to 18 in 2022.

Looking ahead to 2023, the Company currently expects to open three to four new stores. The Company will continue to evaluate its new store opening strategy based on the operating environment.

The Company has $43 million available for repurchase under its existing share repurchase program. The repurchases will be funded from the Company's existing cash and cash equivalents, borrowings against the Company's Credit Agreement and future cash flow.

read more
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews | hace 6 minutos
European Economic News Preview: Eurozone Flash Inflation Data Due

European Economic News Preview: Eurozone Flash Inflation Data Due

Flash inflation from the euro area and France are the top economic news due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, Destatis is scheduled to issue Germany's retail sales and import prices. Sales are forecast to grow 0.2 percent month-on-month, reversing a 0.2 percent fall in August. Economists expect import prices to drop 0.2 percent.
RTTNews | hace 20 minutos
Sensex, Nifty Modestly Higher In Early Trade

Sensex, Nifty Modestly Higher In Early Trade

Indian shares were slightly higher on Friday despite mixed cues from global markets. The benchmark BSE Sensex was up 180 points, or 0.2 percent, at 84,583 in early trade, while the broader NSE Nifty index edged up by 38 points, or 0.2 percent, to 25,915.
RTTNews | hace 1h 17min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with strong gains in gold miner stocks partially offset by weakness in technology stocks.
RTTNews | hace 2h 15min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian markets are trading mixed on Friday, following the negative cues from Wall Street overnight, amid renewed uncertainty about the outlook for interest rates after Fed Chair Jerome Powell said a further reduction in rates in December is "not a foregone conclusion. Positive developments out of US President Donald Trump's meeting with Chinese President Xi Jinping is aiding market sentiment.
RTTNews | hace 2h 21min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

Extending the gains in the previous two sessions, the Japanese market is sharply higher on Friday, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 52,200 level to fresh all-time highs, with gains in index heavyweights, exporters and technology stocks partially offset by weakness in automakers and financial stocks.
RTTNews | hace 4h 7min
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains in gold miners and financial stocks.
RTTNews | hace 4h 41min