KUALA LUMPUR — Home-improvement store operator Mr DIY Group of Malaysia opened its initial public offering for bids, aiming to raise 1.5 billion ringgit ($360.6 million) in what would be the country’s largest stock market listing since 2017.
The company on Tuesday unveiled its prospectus, an important step to listing on the main board of Kuala Lumpur’s stock exchange, known as Bursa Malaysia. Mr DIY’s first two attempts at listing — late last year and the first half of 2020 — were shelved amid the coronavirus pandemic.
The offering would give the company a market capitalization of 10 billion ringgit post-IPO, CEO Adrian Ong said at an online news conference after the prospectus was released.
Mr DIY is targeting a retail price of 1.60 ringgit a share, with the institutional offering consisting of 779.95 million shares and 161.53 million shares allocated for the retail offering.
“We today have a 29%
Inuvo’s IntentKey Uncovers Changing Home Renovation Audience Behaviors in Midst of COVID-19 for National Home Improvement Retailer Client
The IntentKey Discovers Audiences Willing to Travel Two Hours for Home Renovation Supplies
LITTLE ROCK, Ark., Sept. 28, 2020 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology, powered by artificial intelligence (AI) that serves brands and agencies, today announces how the IntentKey artificial intelligence (AI) technology has built strong brand awareness with new audiences for a national home improvement retailer client by uncovering changing audience behaviors in the midst of COVID-19.
The pandemic has created a boom in home remodeling, as more time at home has changed the way people need their homes to function. Houzz reported a 58% increase in professional referrals for projects year-over-year. In a Porch.com survey, more than 75% of consumers said they plan to take on a new project within the next 12 months. CNBC coverage also boasts record high equity is giving homeowners the financial flexibility and
Home Improvement retailer Wickes has opened a brand new store in Cardiff. The national brand closed its Cardiff West shop as part of its estate transformation strategy; relocating the operation to Dragon Retail Park, Newport Road, (opposite Morrisons). The store is open Monday to Saturday 7am – 6pm and Sunday 10am – 4pm.
New store, new offering
The 30,000 square foot unit supports Wickes’ distinctive service model and new store format, with clear areas that cater for DIYers, small trade and those consumers looking for support on larger transformational home improvement projects. The new Cardiff store also marks a milestone for the retailer, as 60% of its stores nationwide are now in this new customer friendly format.
The quick, simple and easy to shop layout features a wide range of products and includes a Dulux in-store mixing service and a new outdoor project centre. A 5,000 square foot purpose built
Herman Miller Aeron chair
Source: Herman Miller
Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend.
Herman Miller jumped more than 35% in midday trading on Thursday, while the broader market was under pressure.
As the coronavirus pandemic forces millions of American to work from their homes, the company said customers are upgrading their homes with work and office furniture. The home office category increased nearly 300% since last year, the company said in its earnings release.
“They reported a completely blowout quarter last night. Why? Because people are rebuilding their homes,” CNBC’s Jim Cramer said on “Squawk on the Street” on Thursday.
Herman Miller reported fiscal first quarter earnings per share of $1.24, blowing past the earnings of 26 cents per share expected by Wall Street, according to Refinitiv. The company made $626.8 million
Is your Sur La Table closing? The kitchen goods retailer is liquidating more stores by the end of September
Going-out-of-business liquidation sales are now underway at 17 additional Sur La Table stores.
The Seattle-based luxury kitchen goods retailer filed for Chapter 11 bankruptcy protection in July and announced plans to close 51 of its 121 stores while looking for a buyer for remaining locations. Five locations were listed as permanently closed in July.
According to a news release Friday, liquidation firms Great American Group, SB360 Capital Partners and Tiger Capital Group are managing the sales at the closing stores, which started Aug. 28, and the initial discounts are up to 30% off original prices, the release said.
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