Bellevue, WA General Society of Mayflower Descendant, Adam Paul Green (Ancestor Stephen Hopkins / Gen.No. 86,723) Introduces New Geneology Asset Website for Local Enthusiasts

Bellevue, WA — (SBWIRE) — 02/23/2017 — Stephen Hopkins was from Hampshire, England. He married his first wife, Mary, and resided in the parish of Hursley, Hampshire.  They had three (3) children: Elizabeth, Constance, and Giles; all baptized there. It has long been claimed that the Hopkins family was from Wortley, Gloucester, but this was disproven in 1998 with the discovery of his true origins in Hursley.

http://mayflowerhistory.com/hopkins-stephen/

Stephen Hopkins went with the ship Sea Venture on a voyage to Jamestown, Virginia in 1609 as a minister’s clerk, but the ship wrecked in the “Isle of Devils” (Bermuda). Stranded on an island for ten months, the passengers and crew survived on turtles, birds, and wild pigs. Six months into the castaway, Stephen Hopkins and several others organized a mutiny against the current governor. The mutiny was discovered and Stephen was sentenced to death. However, he pleaded with sorrow and tears. “So penitent he was, and made so much moan, alleging the ruin of his wife and children in this his trespass, as it wrought in the hearts of all the better sorts of the company.” He managed to get his sentence commuted. Eventually the castaways built a small ship and sailed themselves to Jamestown. How long Stephen remained in Jamestown is not known. However, while he was gone, his wife Mary died. She was buried in Hursley on 9 May 1613, and left behind a probate estate which mentions her children Elizabeth, Constance and Giles.

Stephen was back in England by 1617, when he married Elizabeth Fisher, but apparently had every intention of bringing his family back to Virginia. Their first child, Damaris, was born about 1618. In 1620, Stephen Hopkins brought his wife and children Constance, Giles, and Damaris on the Mayflower (child Elizabeth apparently had died). Stephen was a fairly active member of the Pilgrim group shortly after arrival, perhaps a result of his being one of the few individuals who had been to Virginia previously. He was a part of all the early exploring missions, and was used as an “expert” on Native Americans for the first few contacts. While out exploring, Stephen recognized and identified an Indian deer trap. And when Samoset walked into Plymouth and welcomed the English, he was housed in Stephen Hopkins’ house for the night. Stephen was also sent on several of the ambassadorial missions to meet with the various Indian groups in the region.

Stephen was an assistant to the governor through 1636, and volunteered for the Pequot War of 1637 but was never called to serve. By the late 1630s, however, Stephen began to occasionally run afoul of the Plymouth authorities, as he apparently opened up a shop and served alcohol. In 1636 he got into a fight with John Tisdale and seriously wounded him. In 1637, he was fined for allowing drinking and shuffleboard playing on Sunday. Early the next year he was fined for allowing people to drink excessively in his house: guest William Reynolds was fined, but the others were acquitted. In 1638 he was twice fined for selling beer at twice the actual value, and in 1639 he was fined for selling a looking glass for twice what it would cost if bought in the Bay Colony. Also in 1638, Stephen Hopkins’ maidservant got pregnant from Arthur Peach, who was subsequently executed for murdering an Indian. The Plymouth Court ruled he was financially responsible for her and her child for the next two years (the amount remaining on her term of service). Stephen, in contempt of court, threw Dorothy out of his household and refused to provide for her, so the court committed him to custody. John Holmes stepped in and purchased Dorothy’s remaining two years of service from him: agreeing to support her and child.

Stephen died in 1644, and made out a will, asking to be buried near his wife, and naming his surviving children.

BAPTISM: 30 April 1581 at Upper Clatford, Hampshire, England, son of John and Elizabeth (Williams) Hopkins.
FIRST MARRIAGE: Mary, possibly the daughter of Robert and Joan (Machell) Kent of Hursley, co. Hampshire, prior to 1604.
SECOND MARRIAGE: Elizabeth Fisher on 19 February 1617/8 at St. Mary Matfellon, Whitechapel, co. Middlesex, England.
CHILDREN (by Mary):  Elizabeth, Constance, and Giles.
CHILDREN (by Elizabeth): Damaris, Oceanus, Caleb, Deborah, Damaris, Ruth, and Elizabeth.
DNA HAPLOGROUP:  R1b-M269

Contact Adam Green!
c: 801-809-7766
e: g3president@comcast.net

Bellevue, WA General Society of Mayflower Descendant, Adam Paul Green (Ancestor Stephen Hopkins / Gen.No. 86,723) Introduces New Geneology Asset Website for Local Enthusiasts http://www.g3-development.co/

The Pilgrims did not leave behind any lists of the items they brought with them on the Mayflower, but historians have used a provision list put together by Captain John Smith (of Pocahontas fame) to take an educated guess. However, in 2012, Caleb Johnson, Simon Neal, and Jeremy Bangs started transcribing and studying a rare manuscript (a page of which is here illustrated) in the possession of the Massachusetts Society of Mayflower Descendants, that was written by one of the investors in the Pilgrims’ joint-stock company. This manuscript actually contains several lists of suggested provisions the colonists should bring with them. It is the closest thing we can get to a list of what the Pilgrims would have actually brought.

A summary of some of the key items on the provision lists: http://mayflowerhistory.com/pilgrim-history/

-Food and Drink: Biscuit, beer, salt, (dried) beef, salt pork, oats, peas, wheat, butter, sweet oil, mustard seed, ling or cod fish, “good cheese”, vinegar, aqua-vitae, rice, bacon, cider.

-Clothing: Monmouth cap, falling bands, shirts, waistcoat, suit of canvas, suit of cloth, Irish stockings, 4 pairs of shoes, garters. Slippers, plain shoes, little shoes, French soles, sewing needles.

-Bedding: Canvas sheets, bolster “filled with good straw”, rug and blankets.

-Arms: Light armor (complete), fowling piece, snaphance, sword, belt, bandoleer, powder horn, 20 pounds of powder, 60 pounds of shot.

-Household: Iron pot, kettle, frying pan, gridiron, two skillets, spit, platters, dishes, spoons of wood, napkins, towels, soap, hand mill, mortar and pestle.

-Tools: Broad hoes, narrow hoes, broad axe, felling axe, steel handsaw, whipsaw, hammers, shovels, spades, augers, chisels, gimlets, hatchets, grinding stone, nails, locks for doors.

Adam Paul Green was born to a multi-talented beauty queen Mother and a Father who, in addition to being a US Army Spy and a Counter-Intelligence Special Agent, was also a highly accomplished entrepreneur.  Adam was taught at a young age that, in both life and business, loyalty is a requirement for success.  He’s had the honor of working directly with his father in several of the family businesses.  In fact, this is where he learned crucial entrepreneurial skills and honed his talents with international business strategies and venture capitalism. http://www.AdamPaulGreen.com, http://www.ImAdamGreen.com

Adam earned his Bachelors of Science Degree in International Business and Marketing from the University of Utah.  He was hand-picked by the President of the University’s renowned School of Business to compete with dozens of other ambitious nationwide-graduates for the opportunity to secure a lucrative job within a prestigious Fortune 100 company. http://www.Twitter.com/AdamPaulGreen

http://www.ImAdamGreen.com

Adam’s hard work and creativity helped him land this job of a lifetime.  He obtained incredible business experience there and spent years innovating, improving processes and setting sales records.  Although this dream job in Traditional Corporate America was a fun challenge for him, and something he truly enjoyed mastering, Adam’s natural entrepreneurial spirit kept nudging him to do something more significant with his time and talents. http://www.MyChocolatePod.com, http://www.Facebook.com/AdamPaulGreen

Since 2001, Adam has been involved in the Health and Wellness Industry as a successful Entrepreneur, Broker, Product Developer and Manufacturer of Cosmeceutical products.  During his career, he has worked with some of the most recognizable Fortune 500 businesses along with many top international Network Marketing companies.  Adam has consistently proven his unique ability to help his clients achieve their goals through creative Distribution-Channel Placement, innovative Product Development and custom Manufacturing.  Adam currently owns three profitable businesses.

http://www.ImAdamGreen.com

Admittedly, Adam was not initially a fan of Network Marketing.  He did not understand the business model because it was new to him.  However, once he learned that the REAL focus of Direct Sales is to help average people get a taste of entrepreneurialism — with minimal risk and at a low cost — Adam was absolutely convinced of the potential with Multi-Level Marketing.

http://www.ImAdamGreen.com

About MayflowerHistory.com
MayflowerHistory.com, the Internet’s most complete and accurate website dealing with the Mayflower passengers and the history of the Pilgrims and early Plymouth Colony. The website was first created back in 1994 (when the web was still mostly text!) as a simple, but complete, passenger list of the Mayflower. It has grown over the past twenty years as the author, historian Caleb Johnson, has researched and compiled material.

http://mayflowerhistory.com

Military Strikes Continue Against ISIS in Syria, Iraq

SOUTHWEST ASIA, Feb. 23, 2017 — U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today.

Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports.

Strikes in Syria

Coalition military forces conducted 24 strikes consisting of 32 engagements against ISIS targets in Syria:

— Near Abu Kamal, three strikes engaged an ISIS tactical unit and destroyed four oil refinement stills and a vehicle.

— Near Bab, four strikes engaged three ISIS tactical units and destroyed a vehicle-borne bomb.

— Near Shadaddi, three strikes engaged two ISIS tactical units and destroyed four fighting positions and an ISIS headquarters.

— Near Raqqa, seven strikes engaged three ISIS tactical units and an ISIS staging area and destroyed three pump jacks, a command-and-control node, a fighting position and a tactical vehicle.

— Near Tanf, a strike engaged an ISIS tactical unit and destroyed two tactical vehicles.

— Near Dayr Az Zawr, three strikes destroyed seven oil separation tanks, and oil wellhead, an oil tanker truck and an oil inlet manifold.

— Near Palmyra, two strikes engaged two ISIS tactical units and destroyed four tactical vehicles.

— Near Tamakh, a strike engaged an ISIS tactical unit and destroyed a tactical vehicle.

Strikes in Iraq

Coalition military forces conducted 14 strikes consisting of 62 engagements against ISIS targets in Iraq, coordinated with and in support of Iraq’s government:

— Near Beiji, three strikes engaged three ISIS tactical units; destroyed a tactical vehicle and a heavy machine gun; and suppressed a mortar team.

— Near Mosul, five strikes engaged four ISIS tactical units; destroyed three mortar systems, two ISIS-held buildings, two vehicle-bomb factories, a supply cache, a fighting position, a front-end loader, an excavator, a dump truck, a generator trailer, a weapons cache and a vehicle; damaged 15 supply routes and three tunnels; and suppressed 17 mortar teams and an artillery team.

— Near Qayyarah, a strike destroyed a weapons cache.

— Near Rawah, a strike engaged an ISIS tactical unit and destroyed three ISIS-held building and a vehicle.

— Near Tal Afar, four strikes engaged an ISIS tactical unit and an ISIS staging area and destroyed two weapons caches, a vehicle-borne bomb, a front-end loader, an improvised-bomb factory and an ISIS-held building.

Part of Operation Inherent Resolve

These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. 

The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted.

Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said.

The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target.

Baton Rouge Louisiana General Society of Mayflower Descendant, Adam Paul Green (Ancestor Stephen Hopkins / Gen.No. 86,723) Declares New Geneology Resource Website for Local Enthusiasts

Baton Rouge, LA — (SBWIRE) — 02/23/2017 — Stephen Hopkins was from Hampshire, England. He married his first wife, Mary, and resided in the parish of Hursley, Hampshire.  They had three (3) children: Elizabeth, Constance, and Giles; all baptized there. It has long been claimed that the Hopkins family was from Wortley, Gloucester, but this was disproven in 1998 with the discovery of his true origins in Hursley.

http://mayflowerhistory.com/hopkins-stephen/

Stephen Hopkins went with the ship Sea Venture on a voyage to Jamestown, Virginia in 1609 as a minister’s clerk, but the ship wrecked in the “Isle of Devils” (Bermuda). Stranded on an island for ten months, the passengers and crew survived on turtles, birds, and wild pigs. Six months into the castaway, Stephen Hopkins and several others organized a mutiny against the current governor. The mutiny was discovered and Stephen was sentenced to death. However, he pleaded with sorrow and tears. “So penitent he was, and made so much moan, alleging the ruin of his wife and children in this his trespass, as it wrought in the hearts of all the better sorts of the company.” He managed to get his sentence commuted. Eventually the castaways built a small ship and sailed themselves to Jamestown. How long Stephen remained in Jamestown is not known. However, while he was gone, his wife Mary died. She was buried in Hursley on 9 May 1613, and left behind a probate estate which mentions her children Elizabeth, Constance and Giles.

Stephen was back in England by 1617, when he married Elizabeth Fisher, but apparently had every intention of bringing his family back to Virginia. Their first child, Damaris, was born about 1618. In 1620, Stephen Hopkins brought his wife and children Constance, Giles, and Damaris on the Mayflower (child Elizabeth apparently had died). Stephen was a fairly active member of the Pilgrim group shortly after arrival, perhaps a result of his being one of the few individuals who had been to Virginia previously. He was a part of all the early exploring missions, and was used as an “expert” on Native Americans for the first few contacts. While out exploring, Stephen recognized and identified an Indian deer trap. And when Samoset walked into Plymouth and welcomed the English, he was housed in Stephen Hopkins’ house for the night. Stephen was also sent on several of the ambassadorial missions to meet with the various Indian groups in the region.

Stephen was an assistant to the governor through 1636, and volunteered for the Pequot War of 1637 but was never called to serve. By the late 1630s, however, Stephen began to occasionally run afoul of the Plymouth authorities, as he apparently opened up a shop and served alcohol. In 1636 he got into a fight with John Tisdale and seriously wounded him. In 1637, he was fined for allowing drinking and shuffleboard playing on Sunday. Early the next year he was fined for allowing people to drink excessively in his house: guest William Reynolds was fined, but the others were acquitted. In 1638 he was twice fined for selling beer at twice the actual value, and in 1639 he was fined for selling a looking glass for twice what it would cost if bought in the Bay Colony. Also in 1638, Stephen Hopkins’ maidservant got pregnant from Arthur Peach, who was subsequently executed for murdering an Indian. The Plymouth Court ruled he was financially responsible for her and her child for the next two years (the amount remaining on her term of service). Stephen, in contempt of court, threw Dorothy out of his household and refused to provide for her, so the court committed him to custody. John Holmes stepped in and purchased Dorothy’s remaining two years of service from him: agreeing to support her and child.

Stephen died in 1644, and made out a will, asking to be buried near his wife, and naming his surviving children.

BAPTISM: 30 April 1581 at Upper Clatford, Hampshire, England, son of John and Elizabeth (Williams) Hopkins.
FIRST MARRIAGE: Mary, possibly the daughter of Robert and Joan (Machell) Kent of Hursley, co. Hampshire, prior to 1604.
SECOND MARRIAGE: Elizabeth Fisher on 19 February 1617/8 at St. Mary Matfellon, Whitechapel, co. Middlesex, England.
CHILDREN (by Mary):  Elizabeth, Constance, and Giles.
CHILDREN (by Elizabeth): Damaris, Oceanus, Caleb, Deborah, Damaris, Ruth, and Elizabeth.
DNA HAPLOGROUP:  R1b-M269

Contact Adam Green!
c: 801-809-7766
e: g3president@comcast.net

Baton Rouge Louisiana General Society of Mayflower Descendant, Adam Paul Green (Ancestor Stephen Hopkins / Gen.No. 86,723) Declares New Geneology Resource Website for Local Enthusiasts http://www.g3-development.co/

Women of Early Plymouth: Governor William Bradford reported that the Pilgrims were worried that the “weak bodies of women” would not be able to withstand the rigors of a trans-Atlantic voyage and the construction of a colony. Prior to the Mayflower, very few English women had made the voyage across the ocean.

Sir Walter Raleigh’s Roanoke colony arrived in Virginia in 1587, and amongst those 120 colonists there were 17 women: a baby girl, Virginia Dare, was born after arrival. When re-supply ships came from England, they could not relocate the people. The colony had mysteriously disappeared, and was never seen again. The Jamestown Colony was founded in 1607, but relatively few women had yet made the voyage and taken up residence there.

The Pilgrim husband, as head of the household, had an important and difficult decision to make. Building a colony would be hard on a woman’s “weaker body.” It might be safer and healthier to leave her behind, and have her come later once the houses were built, and the general safety and successfulness of the colony were better established. But that could be several years. Could he live several years without his wife? How strong was his wife anyway, could she really handle it? Was it right to put your wife’s life in danger in this manner?

As the Mayflower left England for America, there were 18 adult women on-board. Three of them, Elizabeth Hopkins, Susanna White, and Mary Allerton, were actually in their last trimester of a pregnancy. All the adult women on the Mayflower were married; there were no single women–although there were a few teenage girls nearing marriageable age.

While no women would die during the Mayflower’s voyage, life after arrival proved extremely difficult. In fact, 78% of the women would die the first winter, a far higher percentage than for men or children. Dorothy Bradford was the first woman to die, and the only woman who died in the month of December. While many of the men, including her husband, were out exploring on Cape Cod, she accidentally fell off the Mayflower into the bitter cold waters of Provincetown Harbor. Most of the women’s death dates were not recorded, but we do know that Rose Standish died on January 29, Mary Allerton died on February 25, and Elizabeth Winslow died on March 24. Most of the women died in February and March.

The extremely high mortality rate among women is probably explainable by the fact the men were out in the fresh air, felling trees, building structures and drinking fresh New England water; while the women were confined to the damp, filthy and crowded quarters offered by the Mayflower, where disease would have spread much more quickly. The two-month voyage was long enough; the women, however, remained living on the ship for an additional four months while the men built storehouses and living quarters on shore. Many of the sick were no doubt cared for on-board the ship by the women, increasing their exposure to colds and pneumonias. William Mullins died on February 21, apparently on-board the Mayflower since his will was witnessed by the ship’s captain and ship’s surgeon. His wife Alice and son Joseph had not yet died, but it wasn’t too long before they did, orphaning their teenage daughter Priscilla in the New World.

Only five women survived the first winter. One of the five survivors, Mrs. Katherine Carver, died in May of a “broken heart,” her husband John having died of sunstroke a month earlier. Weak bodies or not, by the time of the famous “Thanksgiving,” there were only four women left to care for the Colony’s fifty surviving men and children. The four women were Eleanor Billington, Elizabeth Hopkins, Mary Brewster, and Susanna (White) Winslow.

http://mayflowerhistory.com/women

The Pilgrims did not leave behind any lists of the items they brought with them on the Mayflower, but historians have used a provision list put together by Captain John Smith (of Pocahontas fame) to take an educated guess. However, in 2012, Caleb Johnson, Simon Neal, and Jeremy Bangs started transcribing and studying a rare manuscript (a page of which is here illustrated) in the possession of the Massachusetts Society of Mayflower Descendants, that was written by one of the investors in the Pilgrims’ joint-stock company. This manuscript actually contains several lists of suggested provisions the colonists should bring with them. It is the closest thing we can get to a list of what the Pilgrims would have actually brought.

A summary of some of the key items on the provision lists: http://mayflowerhistory.com/pilgrim-history/

-Food and Drink: Biscuit, beer, salt, (dried) beef, salt pork, oats, peas, wheat, butter, sweet oil, mustard seed, ling or cod fish, “good cheese”, vinegar, aqua-vitae, rice, bacon, cider.

-Clothing: Monmouth cap, falling bands, shirts, waistcoat, suit of canvas, suit of cloth, Irish stockings, 4 pairs of shoes, garters. Slippers, plain shoes, little shoes, French soles, sewing needles.

-Bedding: Canvas sheets, bolster “filled with good straw”, rug and blankets.

-Arms: Light armor (complete), fowling piece, snaphance, sword, belt, bandoleer, powder horn, 20 pounds of powder, 60 pounds of shot.

-Household: Iron pot, kettle, frying pan, gridiron, two skillets, spit, platters, dishes, spoons of wood, napkins, towels, soap, hand mill, mortar and pestle.

-Tools: Broad hoes, narrow hoes, broad axe, felling axe, steel handsaw, whipsaw, hammers, shovels, spades, augers, chisels, gimlets, hatchets, grinding stone, nails, locks for doors.

Adam Paul Green was born to a multi-talented beauty queen Mother and a Father who, in addition to being a US Army Spy and a Counter-Intelligence Special Agent, was also a highly accomplished entrepreneur.  Adam was taught at a young age that, in both life and business, loyalty is a requirement for success.  He’s had the honor of working directly with his father in several of the family businesses.  In fact, this is where he learned crucial entrepreneurial skills and honed his talents with international business strategies and venture capitalism. http://www.AdamPaulGreen.com, http://www.ImAdamGreen.com

Adam earned his Bachelors of Science Degree in International Business and Marketing from the University of Utah.  He was hand-picked by the President of the University’s renowned School of Business to compete with dozens of other ambitious nationwide-graduates for the opportunity to secure a lucrative job within a prestigious Fortune 100 company. http://www.Twitter.com/AdamPaulGreen

http://www.ImAdamGreen.com

Adam’s hard work and creativity helped him land this job of a lifetime.  He obtained incredible business experience there and spent years innovating, improving processes and setting sales records.  Although this dream job in Traditional Corporate America was a fun challenge for him, and something he truly enjoyed mastering, Adam’s natural entrepreneurial spirit kept nudging him to do something more significant with his time and talents. http://www.MyChocolatePod.com, http://www.Facebook.com/AdamPaulGreen

Since 2001, Adam has been involved in the Health and Wellness Industry as a successful Entrepreneur, Broker, Product Developer and Manufacturer of Cosmeceutical products.  During his career, he has worked with some of the most recognizable Fortune 500 businesses along with many top international Network Marketing companies.  Adam has consistently proven his unique ability to help his clients achieve their goals through creative Distribution-Channel Placement, innovative Product Development and custom Manufacturing.  Adam currently owns three profitable businesses.

http://www.ImAdamGreen.com

Admittedly, Adam was not initially a fan of Network Marketing.  He did not understand the business model because it was new to him.  However, once he learned that the REAL focus of Direct Sales is to help average people get a taste of entrepreneurialism — with minimal risk and at a low cost — Adam was absolutely convinced of the potential with Multi-Level Marketing.

http://www.ImAdamGreen.com

About MayflowerHistory.com
MayflowerHistory.com, the Internet’s most complete and accurate website dealing with the Mayflower passengers and the history of the Pilgrims and early Plymouth Colony. The website was first created back in 1994 (when the web was still mostly text!) as a simple, but complete, passenger list of the Mayflower. It has grown over the past twenty years as the author, historian Caleb Johnson, has researched and compiled material.

http://mayflowerhistory.com

Almost Two-Thirds of U.S. Consumers Now Use Mobile to Shop, Says CTA Research

ARLINGTON, Va.–(BUSINESS WIRE)–The increasing use of smartphones for shopping has drastically impacted the consumer’s path to purchase, according to the Consumer Technology Association’s (CTA)™ Path to Purchase Using Mobile Devices Market Research report. CTA’s report finds that online and mobile research leading to a brick-and-mortar in-store purchase remains the primary way consumers make decisions.

Most online U.S. consumers (60 percent) now use mobile technology for shopping, and two thirds (67 percent) searched online for additional product information, according to new research from CTA. The Path to Purchase Using Mobile Devices Market Research report also finds an overwhelming nine in ten mobile device owners (90 percent) have at least one subscription to access coupons, promotions, and special discounts.

“Every step of the consumer’s path to purchase has dramatically changed with the use of smartphones, from triggering interest in considering technology products to purchase and sometimes post purchase behavior that includes posting online reviews,” said Steve Koenig, senior director, market research, CTA. “The retail market continues to change with the innovations associated with smartphone technologies – such as location-based services and apps – creating new opportunities for both brick-and-mortar and online retailers to meet the changing needs of consumers.”

Key Mobile Shopping Trends:

  • Websites preferred over mobile apps: Driven by a desire for accessible, convenient content, consumers strongly prefer mobile-optimized websites over apps. With more than 90 percent of mobile device owners subscribed to at least one subscription, consumers actively seek alerts to offers and sales.
  • Connectivity provides optimal shopping experiences: Consumers seek value, exclusivity and authenticity, as well as personalized content and deals based on location, all of which mobile devices can provide. Despite high ownership of mobile devices, 41 percent of consumers use a desktop or laptop to assist in shopping.
  • Brick and mortars remain king: Sixty-one percent of purchases are made in-store, with 29 percent of consumers searching for product information while shopping in-store. While consumers say smartphones offer quick access to information, using a phone in-store is distracting.
  • Consumers seek simplified checkout experiences online: Most online purchases are made via online-only retailer websites (51 percent), such as Amazon or Newegg, rather than with online-only retailer apps (24 percent), or multichannel retailer websites or apps. Seventy-six percent of consumers use existing online accounts to make a purchase; the remaining use guest checkout options or sign up for a new account.
  • Holiday mobile sales continue to grow: CTA estimated U.S. online consumer spending via mobile devices such as smartphones and tablets almost doubled during the 2016 holiday season – increasing 45 percent to $20.1 billion.

Driving this evolving lifecycle is the smartphone. Owned in 74 percent of U.S. households, smartphones remain a dominant consumer product. According to other CTA research, smartphones will grow three percent to reach 185 million smartphones sold this year in the U.S., with revenues expected to reach $55.6 billion.

“Mobile connectivity that delivers anytime/anywhere access and information is one of the driving trends of our time – and our shopping preferences reflect that evolution,” said Koenig. “From smart homes and smartphones to self-driving cars and connected cities to continued innovations in mobile devices, this is another example of technology making our everyday lives easier and more efficient than ever.”

The Path to Purchase Using Mobile Devices Market Research report was designed and formulated by CTA, the most comprehensive source of sales data, forecasts, consumer research and historical trends for the consumer technology industry. It represents the findings of a quantitative study administered via internet web form to an online national sample of 1,009 U.S. adults between Oct. 31 and Nov. 3, 2016. To download or purchase the report, or for more information, visit CTA.tech/research-standards.

About Consumer Technology Association:

Consumer Technology Association (CTA)TM is the trade association representing the $292 billion U.S. consumer technology industry, which supports more than 15 million U.S. jobs. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES® – the world’s gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA’s industry services.

UPCOMING EVENTS

  • Winter Break
    March 9-12, Snowmass, CO
  • Digital Patriots Dinner
    April 4, National Portrait Gallery, Washington, DC
  • CES on the Hill
    April 5, Washington, DC
  • CES Asia 2017
    June 7-9, Shanghai, China
  • CEO Summit
    June 21-24, Amalfi Coast, Italy
  • Innovate! and Celebrate
    October 9-11, San Francisco, CA
  • CES 2018
    January 9-12, Las Vegas, NV

Mobetize Corp. (MPAY: OTCQB) | Mobetize Revenue Growth and Business Update

Feb 23, 2017

OTC Disclosure & News Service

VANCOUVER, British Columbia, Feb. 23, 2017 (GLOBE NEWSWIRE) — Mobetize Corp. (OTCQB:MPAY), a provider of  mobile financial services (‘MFS”) technology for the multi-billion dollar business to business (B2B) segment of the Fintech as a Service (“FAAS”) sector reported that revenues realized in the three month period ending December 31, 2016, doubled over the comparable period ended December 31, 2015, and over the nine month period ended December 31, 2016, increased 349% over the comparable period ended December 31, 2015.  

The acceleration of revenue in the past year is a demonstration of the growing FAAS market acceptance of Mobetize products. The attribution of revenue growth in the three month period ending December 31, 2016 is also consistent with the current blend of revenue streams.

Revenue Model and Ongoing Business

Mobetize revenue is generated from licensing, consulting and transactional processing of financial services through the Mobetize Global B2B Fintech as a Service Supermarket (“Hub”) to telecom operators and financial institutions (FI’s).

Telecoms and FI’s are choosing the Mobetize Hub as the core on which to build their own mobile money enablement platforms. Mobetize assists its clients to build a digitized culture based on consumer needs and innovation. Mobetize expects to continue to grow transactional revenue as it increases the number and depth of these relationships.

In September 2016, Mobetize entered into a partnership agreement with G&F Financial Group (“G&F”), one of the ten largest credit unions in British Columbia; to jointly develop and market “Mobetize smartLoan”, a digitized lending platform. The smartLoan modules automate Know Your Customer verification and lending adjudication with full Customer Relationship Management and data analytics. The Mobetize smartLoan platform is on schedule to be delivered to G & F for implementation in the first quarter of 2017. Testing and roll out of the live production smartLoan platform is also expected to commence on schedule in the first quarter of 2017. We anticipate our product offerings with G&F to grow as other Mobetize products and services come online.

Mobetize is currently in discussions with other FI’s in Canada and the United States focused on expanding the smartLoan platform to more prospective users.

In January 2017, Mobetize and Tata Communications (America), Inc. (“Tata”) entered into a Software License, Customization Development and Service Level Agreement to govern the global deployment of products and services for its customers through our Hub. Mobetize has delivered its data top up module to Tata and expects to realize transactional revenues that stem from this relationship beginning in the second quarter of 2017.

Mobetize is in talks to significantly expand its data top-up geographical corridors and expects these relationships to be integrated to the Hub in the first two quarters of 2017. An expansion in the number of countries in which our products and services can be deployed is expected to further increase transactional revenues.

Ajay Hans, the CEO of Mobetize has stated that “we remain focused on creating FAAS products to increase efficiency, and cost-effectiveness, that will increase our revenues through innovation to meet the growing demand for mobile money solutions from our clients.”

About Mobetize Corp.

Mobetize Corp. (OTCQB:MPAY) has developed a global B2B Fintech as a Service (FAAS) Supermarket. Mobetize digitizes bricks and mortar financial services to deliver mobile money services to leading telecommunications companies and financial institutions. Mobetize ensures end-to-end integration for services such as prepaid air-time top ups, data gifting, mobile lending, international money transfers, P2P transfers, Visa™/MasterCard™ programs and mobile bill payments. Mobetize seamlessly integrates and white labels its secure mobile money platform services for customers who then offer the services to millions of users. Mobetize experts to help telecom and banking providers discover new revenues, new customer relationships and navigate the emerging Fintech ecosystem. For more information, visit http://www.mobetize.com.

Forward Looking Statements

This press release includes statements that are not historical in nature and may be characterized as “forward-looking statements,” including those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning Mobetize’s outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of Mobetize and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results could differ materially. Among the factors which could cause a difference are: changes in the general economy; changes in demand for Mobetize’s products or in the supplier costs; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in Mobetize’s previous filings with the Securities and Exchange Commission. Mobetize disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

Mobetize Corp. 
Shareholder Relations 778-588-5563 X 209
info@mobetize.com

Copyright © 2017 GlobeNewswire. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Consumers Can Buy Mangoes Online as Farmers enter e-commerce in a Big Way


Consumers Can Buy Mangoes Online as Farmers enter e-commerce in a Big Way


After retailers, it’s time for farmers to embrace the e-commerce platform to maximize their direct reach to customers.


[ClickPress, Thu Feb 16 2017] Farmers in India are making the most of internet these days to trade their agricultural products. Previously, farmers had no alternative but to wait for suppliers to show interest and purchase their goods or go to a nearby market to sell them at whatever price they would be able to fetch but as e-commerce booms in India, farmers are discovering new opportunities & growth paths.

Increasing online stores are also becoming a rage among online buyers who have less time because of their hectic job or business schedules. In order to stay competitive in the increasingly demanding online businesses are leaving no stones unturned & are looking to conjure up ideas that would set them apart from an actual brick & mortar store and earn them a unique place in the market. Hafoos is one such ecommerce company that is trying its level best to balance these both worlds. One, it’s striving to provide the very best of the online service in the fruit & on the other hand it’s seeking to help the farmers connect with the right customer & thus improving their lives.

Hafoos is an online fruit selling portal, a venture by Amazindia Ventures Pvt Ltd in collaboration with the local farmers in Ratnagiri. It is the first portal of its kind that takes organically cultivated mangoes straight from the farmers to the consumers & empowers them with the quality that was not previously available to them before. Hafoos has tie ups with farmers from Ratnagiri, Devgad, Dapoli, Pawas, Khed, Chiplun and Antravli. With this venture, consumer are able to get the first dibs on different varieties of mangoes before even they hit the market. The biggest benefaction of this venture is that it brings Indian mangoes to the world. With worldwide shipping, customers from America to Europe & even the Middle East consumers can get a taste of organic Indian mangoes. The company claims to deliver 100% fresh organic mangoes without preservatives and at a price that’s reasonable, as no middlemen are involved. The USP of their mangoes is that they are farm fresh and also come at a reasonable price than what the current market can offer. The online store is thus a one-stop shop for all the health conscious & organic fruit lovers. Besides, the portal also hosts a varied collection of cooking recipes to educate how mangoes can be used to make some of the most mouth savouring delicacies with ease.
According to a survey, till the early 2000; e-retailing of mangoes or any other kind of fruit had not been attempted by anybody in India and thus, Hafoos has been a pioneer here; providing innovation, quality, convenience and comfort for both, the time poor as well as for the meticulous consumers.

The company began developing its own ecommerce platform in 2010 but it was after many years of team-based strategic and creative development, the company has re-launched its new online portal. The website launched has a very user-friendly navigation and many interesting features to make the customers online fruit shopping experience delightful. Another advantage of this online marketplace is that they have their instant delivery system in place, no matter how small the order is.

Customers can now buy fresh mangoes right from the orchard such as the famous Ratnagiri Alphonso mango, onsite or by placing a telephonic order, as soon as their season begins. The portal also has a live chat service that’s very quick to respond. To walk with the digital world, they accept credit card, debit card, net banking and there is also an option of cash on delivery.

Hafoos today registers an average of 20 orders per day online and has about 30% repeat customers. In terms of revenue and customer acquisition, Hafoos has grown manifold since the past two years. The repeat customer has moved to 30% which is a testimony to the superlative shopping experience. Talking about this growth, the Manager of the company said that, “We are determined to take the organic mango market to a higher level; both in India and in a mature market such as the European Union. Organic fruits till now have been affordable only by the upper class and health conscious consumers due to high prices, which were a result of poor supply side. We train the farmers on techniques for organic farming and help them supply their produce in the right market at low cost. We hence wish to make farming profitable for farmers and healthy food affordable for all. Our collaboration with them will offer greater market reach to the farmers who lacked market exposure till now.” He also stated that “Terms like organic and eco-friendliness are talk of the town these days. They have niche markets, so they definitely have a lot of potential to grow.” To our dedicated shoppers, we are extending contests like Shop & Win. Alongside, we have promotional coupon codes to offer additional incentives to our repeated customers.

This portal was founded on one basic principle: Connect farmers who love growing organic to consumers who love eating organic. The company envisions through this venture, a world where agriculture & its produce are free of preservatives & pesticides.

PR Contact Info
Company: Hafoos
Website: http://www.hafoos.com

Company: Hafoos
Contact Name: Hafoos
Contact Email: joquim.hafoos@gmail.com
Contact Phone: 2228770067
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Kohl’s Corporation Reports Financial Results

MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended January 28, 2017.

 
    Three Months       Twelve Months
($ in millions)     2016     2015     Change       2016     2015     Change
Total sales $ 6,205     $ 6,387     (2.8)%       $ 18,686     $ 19,204     (2.7)%
Comparable store sales (2.2)% (2.4)%
Gross margin 33.4 % 33.1 % 33 bp 36.1 % 36.1 % (6) bp
Selling, general, and administrative expenses $ 1,360 $ 1,332 2% $ 4,435 $ 4,452 —%
Reported
Net income $ 252 $ 296 (15)% $ 556 $ 673 (17)%
Diluted earnings per share $ 1.44 $ 1.58 (9)% $ 3.11 $ 3.46 (10)%
Excluding non-recurring items*
Net income $ 252 $ 296 (15)% $ 673 $ 781 (14)%
Diluted earnings per share     $ 1.44       $ 1.58       (9)%       $ 3.76       $ 4.01       (6)%

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 

Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “Sales results were weak for the quarter in total, driven by declines in brick and mortar traffic, and offset somewhat by strength in online demand. We saw improvement in merchandise margin, and our team continued to manage inventory and expenses extremely well. In 2017, we will accelerate our focus on becoming the destination for active and wellness with the launch of Under Armour in early March. We will also extend our efforts on improving our speed to market across all of our proprietary brands into all apparel areas and home.”

Dividend

On February 22, 2017, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share, a 10% increase over its prior dividend. The dividend is payable March 22, 2017 to shareholders of record at the close of business on March 8, 2017.

Store Update

Kohl’s ended the fiscal year with 1,154 Kohl’s stores in 49 states. During 2016, the Company:

  • Opened 9 small format Kohl’s stores
  • Closed 19 Kohl’s stores
  • Opened two Off/Aisle locations
  • Opened 12 FILA outlets

Initial 2017 Earnings Guidance

The Company expects earnings per diluted share of $3.50 to $3.80 for fiscal 2017. This guidance is based on the following assumptions:

  • Total sales change of (1.3)% to 0.7% which includes sales of approximately $160 million in the 53rd week.
  • Comparable sales change of (2)% to 0%
  • Gross margin as a percentage of sales to increase 10 to 15 basis points over 2016
  • SG&A dollars to increase 0.5% to 2% over 2016. Excluding the 53rd week in 2017, the Company expects SG&A dollars to increase 0% to 1.5%. SG&A dollars in the 53rd week are expected to be approximately $25 million.
  • Depreciation expense of $960 million
  • Interest expense of $300 million
  • Effective tax rate of 37.5%
  • $350 million in share repurchases
  • Capital expenditures of $700 million

Fourth Quarter 2016 Earnings Conference Call

Kohl’s will host its quarterly earnings conference call at 8:30 am ET on February 23, 2017. The phone number for the conference call is (800) 230-1074. Replays of the call will be available for 30 days by dialing (800) 475-6701. The conference ID is 386532. The conference call and replays are also accessible via the Company’s web site at http://corporate.kohls.com/investors/events-and-presentations.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including 2017 earnings guidance. Kohl’s intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Kohl’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Kohl’s filings with the SEC.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in our stores, online at Kohls.com and on Kohl’s mobile app. Throughout its history, Kohl’s has given nearly $600 million to support communities nationwide. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community and how to join our winning team, visit Corporate.Kohls.com

 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 
    Three Months     Twelve Months
Jan 28,   Jan 30,     Jan 28,   Jan 30,
(Dollars in Millions, Except per Share Data)     2017   2016     2017   2016
Net sales $ 6,205 $ 6,387 $ 18,686 $ 19,204
Cost of merchandise sold     4,133     4,275       11,944     12,265  
Gross margin 2,072 2,112 6,742 6,939
As a percent of net sales 33.4 % 33.1 % 36.1 % 36.1 %
Operating expenses:
Selling, general, and administrative 1,360 1,332 4,435 4,452
As a percent of net sales 21.9 % 20.9 % 23.7 % 23.2 %
Depreciation and amortization 239 239 938 934
Impairments, store closing and other costs               186      
Operating income 473 541 1,183 1,553
Interest expense, net 75 79 308 327
Loss on extinguishment of debt                   169  
Income before income taxes 398 462 875 1,057
Provision for income taxes     146     166       319     384  
Net income     $ 252     $ 296       $ 556     $ 673  
 
Average number of shares:
Basic 174 187 178 193
Diluted 175 187 179 195
 
Net income per share:
Basic $ 1.45 $ 1.58 $ 3.12 $ 3.48
Diluted $ 1.44 $ 1.58 $ 3.11 $ 3.46
 
Excluding non-recurring items*:
Net income $ 252 $ 296 $ 673 $ 781
Diluted net income per share     $ 1.44     $ 1.58       $ 3.76     $ 4.01  

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 
KOHL’S CORPORATION
CONSOLIDATED BALANCE SHEETS

(Unaudited)

 
   

January 28,

   

January 30,

(Dollars in Millions)    

2017

   

2016

Assets
Current assets:
Cash and cash equivalents $ 1,074 $ 707
Merchandise inventories 3,795 4,038
Other     378       331
Total current assets 5,247 5,076
Property and equipment, net 8,103 8,308
Other assets     224       222
Total assets     $ 13,574       $ 13,606
 
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 1,507 $ 1,251
Accrued liabilities 1,224 1,206
Income taxes payable 112 130
Current portion of capital lease and financing obligations     131       127
Total current liabilities 2,974 2,714
Long-term debt 2,795 2,792
Capital lease and financing obligations 1,685 1,789
Deferred income taxes 272 257
Other long-term liabilities 671 563
Shareholders’ equity     5,177       5,491
Total liabilities and shareholders’ equity     $ 13,574       $ 13,606
 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

(Dollars in Millions)

    2016     2015
Operating activities        
Net income $ 556 $ 673
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 938 934
Excess tax benefits from share-based compensation (5 ) (10 )
Share-based compensation 41 48
Deferred income taxes 13 (38 )
Loss on extinguishment of debt 169
Impairments, store closing and other costs 57
Other non-cash revenues and expenses 30 24
Changes in operating assets and liabilities:
Merchandise inventories 249 (215 )
Other current and long-term assets (45 ) 43
Accounts payable 256 (260 )
Accrued and other long-term liabilities 81 53
Income taxes     (23 )     53  
Net cash provided by operating activities     2,148       1,474  
Investing activities
Acquisition of property and equipment (768 ) (690 )
Other     12       9  
Net cash used in investing activities     (756 )     (681 )
Financing activities
Treasury stock purchases (557 ) (1,001 )
Shares withheld for restricted shares (17 ) (27 )
Dividends paid (358 ) (349 )
Proceeds from issuance of debt 1,088
Reduction of long-term borrowings (1,085 )
Premium paid on redemption of debt (163 )
Proceeds from financing obligations 11 1
Capital lease and financing obligation payments (127 ) (114 )
Proceeds from stock option exercises 18 147
Excess tax benefits from share-based compensation     5       10  
Net cash used in financing activities     (1,025 )     (1,493 )
Net increase (decrease) in cash and cash equivalents 367 (700 )
Cash and cash equivalents at beginning of period     707       1,407  
Cash and cash equivalents at end of period     $ 1,074       $ 707  
 

Kohl’s Corporation Reports Financial Results

MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended January 28, 2017.

 
    Three Months       Twelve Months
($ in millions)     2016     2015     Change       2016     2015     Change
Total sales $ 6,205     $ 6,387     (2.8)%       $ 18,686     $ 19,204     (2.7)%
Comparable store sales (2.2)% (2.4)%
Gross margin 33.4 % 33.1 % 33 bp 36.1 % 36.1 % (6) bp
Selling, general, and administrative expenses $ 1,360 $ 1,332 2% $ 4,435 $ 4,452 —%
Reported
Net income $ 252 $ 296 (15)% $ 556 $ 673 (17)%
Diluted earnings per share $ 1.44 $ 1.58 (9)% $ 3.11 $ 3.46 (10)%
Excluding non-recurring items*
Net income $ 252 $ 296 (15)% $ 673 $ 781 (14)%
Diluted earnings per share     $ 1.44       $ 1.58       (9)%       $ 3.76       $ 4.01       (6)%

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 

Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “Sales results were weak for the quarter in total, driven by declines in brick and mortar traffic, and offset somewhat by strength in online demand. We saw improvement in merchandise margin, and our team continued to manage inventory and expenses extremely well. In 2017, we will accelerate our focus on becoming the destination for active and wellness with the launch of Under Armour in early March. We will also extend our efforts on improving our speed to market across all of our proprietary brands into all apparel areas and home.”

Dividend

On February 22, 2017, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share, a 10% increase over its prior dividend. The dividend is payable March 22, 2017 to shareholders of record at the close of business on March 8, 2017.

Store Update

Kohl’s ended the fiscal year with 1,154 Kohl’s stores in 49 states. During 2016, the Company:

  • Opened 9 small format Kohl’s stores
  • Closed 19 Kohl’s stores
  • Opened two Off/Aisle locations
  • Opened 12 FILA outlets

Initial 2017 Earnings Guidance

The Company expects earnings per diluted share of $3.50 to $3.80 for fiscal 2017. This guidance is based on the following assumptions:

  • Total sales change of (1.3)% to 0.7% which includes sales of approximately $160 million in the 53rd week.
  • Comparable sales change of (2)% to 0%
  • Gross margin as a percentage of sales to increase 10 to 15 basis points over 2016
  • SG&A dollars to increase 0.5% to 2% over 2016. Excluding the 53rd week in 2017, the Company expects SG&A dollars to increase 0% to 1.5%. SG&A dollars in the 53rd week are expected to be approximately $25 million.
  • Depreciation expense of $960 million
  • Interest expense of $300 million
  • Effective tax rate of 37.5%
  • $350 million in share repurchases
  • Capital expenditures of $700 million

Fourth Quarter 2016 Earnings Conference Call

Kohl’s will host its quarterly earnings conference call at 8:30 am ET on February 23, 2017. The phone number for the conference call is (800) 230-1074. Replays of the call will be available for 30 days by dialing (800) 475-6701. The conference ID is 386532. The conference call and replays are also accessible via the Company’s web site at http://corporate.kohls.com/investors/events-and-presentations.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including 2017 earnings guidance. Kohl’s intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Kohl’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Kohl’s filings with the SEC.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in our stores, online at Kohls.com and on Kohl’s mobile app. Throughout its history, Kohl’s has given nearly $600 million to support communities nationwide. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community and how to join our winning team, visit Corporate.Kohls.com

 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 
    Three Months     Twelve Months
Jan 28,   Jan 30,     Jan 28,   Jan 30,
(Dollars in Millions, Except per Share Data)     2017   2016     2017   2016
Net sales $ 6,205 $ 6,387 $ 18,686 $ 19,204
Cost of merchandise sold     4,133     4,275       11,944     12,265  
Gross margin 2,072 2,112 6,742 6,939
As a percent of net sales 33.4 % 33.1 % 36.1 % 36.1 %
Operating expenses:
Selling, general, and administrative 1,360 1,332 4,435 4,452
As a percent of net sales 21.9 % 20.9 % 23.7 % 23.2 %
Depreciation and amortization 239 239 938 934
Impairments, store closing and other costs               186      
Operating income 473 541 1,183 1,553
Interest expense, net 75 79 308 327
Loss on extinguishment of debt                   169  
Income before income taxes 398 462 875 1,057
Provision for income taxes     146     166       319     384  
Net income     $ 252     $ 296       $ 556     $ 673  
 
Average number of shares:
Basic 174 187 178 193
Diluted 175 187 179 195
 
Net income per share:
Basic $ 1.45 $ 1.58 $ 3.12 $ 3.48
Diluted $ 1.44 $ 1.58 $ 3.11 $ 3.46
 
Excluding non-recurring items*:
Net income $ 252 $ 296 $ 673 $ 781
Diluted net income per share     $ 1.44     $ 1.58       $ 3.76     $ 4.01  

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 
KOHL’S CORPORATION
CONSOLIDATED BALANCE SHEETS

(Unaudited)

 
   

January 28,

   

January 30,

(Dollars in Millions)    

2017

   

2016

Assets
Current assets:
Cash and cash equivalents $ 1,074 $ 707
Merchandise inventories 3,795 4,038
Other     378       331
Total current assets 5,247 5,076
Property and equipment, net 8,103 8,308
Other assets     224       222
Total assets     $ 13,574       $ 13,606
 
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 1,507 $ 1,251
Accrued liabilities 1,224 1,206
Income taxes payable 112 130
Current portion of capital lease and financing obligations     131       127
Total current liabilities 2,974 2,714
Long-term debt 2,795 2,792
Capital lease and financing obligations 1,685 1,789
Deferred income taxes 272 257
Other long-term liabilities 671 563
Shareholders’ equity     5,177       5,491
Total liabilities and shareholders’ equity     $ 13,574       $ 13,606
 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

(Dollars in Millions)

    2016     2015
Operating activities        
Net income $ 556 $ 673
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 938 934
Excess tax benefits from share-based compensation (5 ) (10 )
Share-based compensation 41 48
Deferred income taxes 13 (38 )
Loss on extinguishment of debt 169
Impairments, store closing and other costs 57
Other non-cash revenues and expenses 30 24
Changes in operating assets and liabilities:
Merchandise inventories 249 (215 )
Other current and long-term assets (45 ) 43
Accounts payable 256 (260 )
Accrued and other long-term liabilities 81 53
Income taxes     (23 )     53  
Net cash provided by operating activities     2,148       1,474  
Investing activities
Acquisition of property and equipment (768 ) (690 )
Other     12       9  
Net cash used in investing activities     (756 )     (681 )
Financing activities
Treasury stock purchases (557 ) (1,001 )
Shares withheld for restricted shares (17 ) (27 )
Dividends paid (358 ) (349 )
Proceeds from issuance of debt 1,088
Reduction of long-term borrowings (1,085 )
Premium paid on redemption of debt (163 )
Proceeds from financing obligations 11 1
Capital lease and financing obligation payments (127 ) (114 )
Proceeds from stock option exercises 18 147
Excess tax benefits from share-based compensation     5       10  
Net cash used in financing activities     (1,025 )     (1,493 )
Net increase (decrease) in cash and cash equivalents 367 (700 )
Cash and cash equivalents at beginning of period     707       1,407  
Cash and cash equivalents at end of period     $ 1,074       $ 707  
 

Kohl’s Corporation Reports Financial Results

MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended January 28, 2017.

 
    Three Months       Twelve Months
($ in millions)     2016     2015     Change       2016     2015     Change
Total sales $ 6,205     $ 6,387     (2.8)%       $ 18,686     $ 19,204     (2.7)%
Comparable store sales (2.2)% (2.4)%
Gross margin 33.4 % 33.1 % 33 bp 36.1 % 36.1 % (6) bp
Selling, general, and administrative expenses $ 1,360 $ 1,332 2% $ 4,435 $ 4,452 —%
Reported
Net income $ 252 $ 296 (15)% $ 556 $ 673 (17)%
Diluted earnings per share $ 1.44 $ 1.58 (9)% $ 3.11 $ 3.46 (10)%
Excluding non-recurring items*
Net income $ 252 $ 296 (15)% $ 673 $ 781 (14)%
Diluted earnings per share     $ 1.44       $ 1.58       (9)%       $ 3.76       $ 4.01       (6)%

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 

Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “Sales results were weak for the quarter in total, driven by declines in brick and mortar traffic, and offset somewhat by strength in online demand. We saw improvement in merchandise margin, and our team continued to manage inventory and expenses extremely well. In 2017, we will accelerate our focus on becoming the destination for active and wellness with the launch of Under Armour in early March. We will also extend our efforts on improving our speed to market across all of our proprietary brands into all apparel areas and home.”

Dividend

On February 22, 2017, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share, a 10% increase over its prior dividend. The dividend is payable March 22, 2017 to shareholders of record at the close of business on March 8, 2017.

Store Update

Kohl’s ended the fiscal year with 1,154 Kohl’s stores in 49 states. During 2016, the Company:

  • Opened 9 small format Kohl’s stores
  • Closed 19 Kohl’s stores
  • Opened two Off/Aisle locations
  • Opened 12 FILA outlets

Initial 2017 Earnings Guidance

The Company expects earnings per diluted share of $3.50 to $3.80 for fiscal 2017. This guidance is based on the following assumptions:

  • Total sales change of (1.3)% to 0.7% which includes sales of approximately $160 million in the 53rd week.
  • Comparable sales change of (2)% to 0%
  • Gross margin as a percentage of sales to increase 10 to 15 basis points over 2016
  • SG&A dollars to increase 0.5% to 2% over 2016. Excluding the 53rd week in 2017, the Company expects SG&A dollars to increase 0% to 1.5%. SG&A dollars in the 53rd week are expected to be approximately $25 million.
  • Depreciation expense of $960 million
  • Interest expense of $300 million
  • Effective tax rate of 37.5%
  • $350 million in share repurchases
  • Capital expenditures of $700 million

Fourth Quarter 2016 Earnings Conference Call

Kohl’s will host its quarterly earnings conference call at 8:30 am ET on February 23, 2017. The phone number for the conference call is (800) 230-1074. Replays of the call will be available for 30 days by dialing (800) 475-6701. The conference ID is 386532. The conference call and replays are also accessible via the Company’s web site at http://corporate.kohls.com/investors/events-and-presentations.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including 2017 earnings guidance. Kohl’s intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Kohl’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Kohl’s filings with the SEC.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in our stores, online at Kohls.com and on Kohl’s mobile app. Throughout its history, Kohl’s has given nearly $600 million to support communities nationwide. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community and how to join our winning team, visit Corporate.Kohls.com

 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 
    Three Months     Twelve Months
Jan 28,   Jan 30,     Jan 28,   Jan 30,
(Dollars in Millions, Except per Share Data)     2017   2016     2017   2016
Net sales $ 6,205 $ 6,387 $ 18,686 $ 19,204
Cost of merchandise sold     4,133     4,275       11,944     12,265  
Gross margin 2,072 2,112 6,742 6,939
As a percent of net sales 33.4 % 33.1 % 36.1 % 36.1 %
Operating expenses:
Selling, general, and administrative 1,360 1,332 4,435 4,452
As a percent of net sales 21.9 % 20.9 % 23.7 % 23.2 %
Depreciation and amortization 239 239 938 934
Impairments, store closing and other costs               186      
Operating income 473 541 1,183 1,553
Interest expense, net 75 79 308 327
Loss on extinguishment of debt                   169  
Income before income taxes 398 462 875 1,057
Provision for income taxes     146     166       319     384  
Net income     $ 252     $ 296       $ 556     $ 673  
 
Average number of shares:
Basic 174 187 178 193
Diluted 175 187 179 195
 
Net income per share:
Basic $ 1.45 $ 1.58 $ 3.12 $ 3.48
Diluted $ 1.44 $ 1.58 $ 3.11 $ 3.46
 
Excluding non-recurring items*:
Net income $ 252 $ 296 $ 673 $ 781
Diluted net income per share     $ 1.44     $ 1.58       $ 3.76     $ 4.01  

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 
KOHL’S CORPORATION
CONSOLIDATED BALANCE SHEETS

(Unaudited)

 
   

January 28,

   

January 30,

(Dollars in Millions)    

2017

   

2016

Assets
Current assets:
Cash and cash equivalents $ 1,074 $ 707
Merchandise inventories 3,795 4,038
Other     378       331
Total current assets 5,247 5,076
Property and equipment, net 8,103 8,308
Other assets     224       222
Total assets     $ 13,574       $ 13,606
 
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 1,507 $ 1,251
Accrued liabilities 1,224 1,206
Income taxes payable 112 130
Current portion of capital lease and financing obligations     131       127
Total current liabilities 2,974 2,714
Long-term debt 2,795 2,792
Capital lease and financing obligations 1,685 1,789
Deferred income taxes 272 257
Other long-term liabilities 671 563
Shareholders’ equity     5,177       5,491
Total liabilities and shareholders’ equity     $ 13,574       $ 13,606
 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

(Dollars in Millions)

    2016     2015
Operating activities        
Net income $ 556 $ 673
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 938 934
Excess tax benefits from share-based compensation (5 ) (10 )
Share-based compensation 41 48
Deferred income taxes 13 (38 )
Loss on extinguishment of debt 169
Impairments, store closing and other costs 57
Other non-cash revenues and expenses 30 24
Changes in operating assets and liabilities:
Merchandise inventories 249 (215 )
Other current and long-term assets (45 ) 43
Accounts payable 256 (260 )
Accrued and other long-term liabilities 81 53
Income taxes     (23 )     53  
Net cash provided by operating activities     2,148       1,474  
Investing activities
Acquisition of property and equipment (768 ) (690 )
Other     12       9  
Net cash used in investing activities     (756 )     (681 )
Financing activities
Treasury stock purchases (557 ) (1,001 )
Shares withheld for restricted shares (17 ) (27 )
Dividends paid (358 ) (349 )
Proceeds from issuance of debt 1,088
Reduction of long-term borrowings (1,085 )
Premium paid on redemption of debt (163 )
Proceeds from financing obligations 11 1
Capital lease and financing obligation payments (127 ) (114 )
Proceeds from stock option exercises 18 147
Excess tax benefits from share-based compensation     5       10  
Net cash used in financing activities     (1,025 )     (1,493 )
Net increase (decrease) in cash and cash equivalents 367 (700 )
Cash and cash equivalents at beginning of period     707       1,407  
Cash and cash equivalents at end of period     $ 1,074       $ 707  
 

Kohl’s Corporation Reports Financial Results

MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended January 28, 2017.

 
    Three Months       Twelve Months
($ in millions)     2016     2015     Change       2016     2015     Change
Total sales $ 6,205     $ 6,387     (2.8)%       $ 18,686     $ 19,204     (2.7)%
Comparable store sales (2.2)% (2.4)%
Gross margin 33.4 % 33.1 % 33 bp 36.1 % 36.1 % (6) bp
Selling, general, and administrative expenses $ 1,360 $ 1,332 2% $ 4,435 $ 4,452 —%
Reported
Net income $ 252 $ 296 (15)% $ 556 $ 673 (17)%
Diluted earnings per share $ 1.44 $ 1.58 (9)% $ 3.11 $ 3.46 (10)%
Excluding non-recurring items*
Net income $ 252 $ 296 (15)% $ 673 $ 781 (14)%
Diluted earnings per share     $ 1.44       $ 1.58       (9)%       $ 3.76       $ 4.01       (6)%

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 

Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “Sales results were weak for the quarter in total, driven by declines in brick and mortar traffic, and offset somewhat by strength in online demand. We saw improvement in merchandise margin, and our team continued to manage inventory and expenses extremely well. In 2017, we will accelerate our focus on becoming the destination for active and wellness with the launch of Under Armour in early March. We will also extend our efforts on improving our speed to market across all of our proprietary brands into all apparel areas and home.”

Dividend

On February 22, 2017, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share, a 10% increase over its prior dividend. The dividend is payable March 22, 2017 to shareholders of record at the close of business on March 8, 2017.

Store Update

Kohl’s ended the fiscal year with 1,154 Kohl’s stores in 49 states. During 2016, the Company:

  • Opened 9 small format Kohl’s stores
  • Closed 19 Kohl’s stores
  • Opened two Off/Aisle locations
  • Opened 12 FILA outlets

Initial 2017 Earnings Guidance

The Company expects earnings per diluted share of $3.50 to $3.80 for fiscal 2017. This guidance is based on the following assumptions:

  • Total sales change of (1.3)% to 0.7% which includes sales of approximately $160 million in the 53rd week.
  • Comparable sales change of (2)% to 0%
  • Gross margin as a percentage of sales to increase 10 to 15 basis points over 2016
  • SG&A dollars to increase 0.5% to 2% over 2016. Excluding the 53rd week in 2017, the Company expects SG&A dollars to increase 0% to 1.5%. SG&A dollars in the 53rd week are expected to be approximately $25 million.
  • Depreciation expense of $960 million
  • Interest expense of $300 million
  • Effective tax rate of 37.5%
  • $350 million in share repurchases
  • Capital expenditures of $700 million

Fourth Quarter 2016 Earnings Conference Call

Kohl’s will host its quarterly earnings conference call at 8:30 am ET on February 23, 2017. The phone number for the conference call is (800) 230-1074. Replays of the call will be available for 30 days by dialing (800) 475-6701. The conference ID is 386532. The conference call and replays are also accessible via the Company’s web site at http://corporate.kohls.com/investors/events-and-presentations.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including 2017 earnings guidance. Kohl’s intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Kohl’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Kohl’s filings with the SEC.

About Kohl’s

Kohl’s (NYSE: KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in our stores, online at Kohls.com and on Kohl’s mobile app. Throughout its history, Kohl’s has given nearly $600 million to support communities nationwide. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community and how to join our winning team, visit Corporate.Kohls.com

 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 
    Three Months     Twelve Months
Jan 28,   Jan 30,     Jan 28,   Jan 30,
(Dollars in Millions, Except per Share Data)     2017   2016     2017   2016
Net sales $ 6,205 $ 6,387 $ 18,686 $ 19,204
Cost of merchandise sold     4,133     4,275       11,944     12,265  
Gross margin 2,072 2,112 6,742 6,939
As a percent of net sales 33.4 % 33.1 % 36.1 % 36.1 %
Operating expenses:
Selling, general, and administrative 1,360 1,332 4,435 4,452
As a percent of net sales 21.9 % 20.9 % 23.7 % 23.2 %
Depreciation and amortization 239 239 938 934
Impairments, store closing and other costs               186      
Operating income 473 541 1,183 1,553
Interest expense, net 75 79 308 327
Loss on extinguishment of debt                   169  
Income before income taxes 398 462 875 1,057
Provision for income taxes     146     166       319     384  
Net income     $ 252     $ 296       $ 556     $ 673  
 
Average number of shares:
Basic 174 187 178 193
Diluted 175 187 179 195
 
Net income per share:
Basic $ 1.45 $ 1.58 $ 3.12 $ 3.48
Diluted $ 1.44 $ 1.58 $ 3.11 $ 3.46
 
Excluding non-recurring items*:
Net income $ 252 $ 296 $ 673 $ 781
Diluted net income per share     $ 1.44     $ 1.58       $ 3.76     $ 4.01  

*Excludes Impairments, store closing and other costs in 2016 and Loss on extinguishment of debt in 2015.

 
KOHL’S CORPORATION
CONSOLIDATED BALANCE SHEETS

(Unaudited)

 
   

January 28,

   

January 30,

(Dollars in Millions)    

2017

   

2016

Assets
Current assets:
Cash and cash equivalents $ 1,074 $ 707
Merchandise inventories 3,795 4,038
Other     378       331
Total current assets 5,247 5,076
Property and equipment, net 8,103 8,308
Other assets     224       222
Total assets     $ 13,574       $ 13,606
 
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 1,507 $ 1,251
Accrued liabilities 1,224 1,206
Income taxes payable 112 130
Current portion of capital lease and financing obligations     131       127
Total current liabilities 2,974 2,714
Long-term debt 2,795 2,792
Capital lease and financing obligations 1,685 1,789
Deferred income taxes 272 257
Other long-term liabilities 671 563
Shareholders’ equity     5,177       5,491
Total liabilities and shareholders’ equity     $ 13,574       $ 13,606
 
KOHL’S CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

(Dollars in Millions)

    2016     2015
Operating activities        
Net income $ 556 $ 673
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 938 934
Excess tax benefits from share-based compensation (5 ) (10 )
Share-based compensation 41 48
Deferred income taxes 13 (38 )
Loss on extinguishment of debt 169
Impairments, store closing and other costs 57
Other non-cash revenues and expenses 30 24
Changes in operating assets and liabilities:
Merchandise inventories 249 (215 )
Other current and long-term assets (45 ) 43
Accounts payable 256 (260 )
Accrued and other long-term liabilities 81 53
Income taxes     (23 )     53  
Net cash provided by operating activities     2,148       1,474  
Investing activities
Acquisition of property and equipment (768 ) (690 )
Other     12       9  
Net cash used in investing activities     (756 )     (681 )
Financing activities
Treasury stock purchases (557 ) (1,001 )
Shares withheld for restricted shares (17 ) (27 )
Dividends paid (358 ) (349 )
Proceeds from issuance of debt 1,088
Reduction of long-term borrowings (1,085 )
Premium paid on redemption of debt (163 )
Proceeds from financing obligations 11 1
Capital lease and financing obligation payments (127 ) (114 )
Proceeds from stock option exercises 18 147
Excess tax benefits from share-based compensation     5       10  
Net cash used in financing activities     (1,025 )     (1,493 )
Net increase (decrease) in cash and cash equivalents 367 (700 )
Cash and cash equivalents at beginning of period     707       1,407  
Cash and cash equivalents at end of period     $ 1,074       $ 707