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Francesca’s Holdings files IPO
New York City -- Women’s fashion apparel retailer Francesca's Holdings Corp. filed for up to an estimated $150 million to be raised in an initial public offering.
The company has about $41.4 million in proceeds from the offering earmarked toward repaying a senior secured credit facility, Dow Jones Newswires reported. Remaining funds may be used for opening new stores and growing its e-commerce business.
For the year ended Jan. 29, Francesca's same-store sales climbed 15% on top of a 9.8% increase a year earlier.
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Kroger joins Diabetes Prevention and Control Alliance
CINCINNATI — Kroger is the latest retailer to join the Diabetes Prevention and Control Alliance as a partner.
The supermarket conglomerate will implement the DPCA's Diabetes Control Program, which is designed to help patients gain better control of their condition, at select store pharmacies, including stores in the Cincinnati, Columbus and Dayton, Ohio, markets, and will offer the program in Atlanta, Dallas, Houston and Las Vegas later this year.
I’m not much of a follower of astrology and the signs of the zodiac, but I do know that 2011 is the Year of the Rabbit on the Chinese calendar.