Latest news with #DG
Business Wire
12 hours ago
- Business
- Business Wire
Oasis Announcement of the Agreement to Sell its Digital Garage, Inc. Shares to Resona Holdings, Inc.
HONG KONG--(BUSINESS WIRE)--Oasis Management Company Ltd. (together with private funds that it manages, 'Oasis' or 'we'), announces today that it has agreed to sell all the Digital Garage, Inc. ('DG') shares it owns to Resona Holdings, Inc. ('Resona HD', and the transaction, the 'Transaction'). Oasis has been an investor in DG since 2020, drawn to the Company's competitive advantages and growth potential in both the payment and investment businesses. As of today, Oasis holds 8,520,200 shares of DG, representing approximately 18.6% of DG's voting rights. During the investment period, Oasis has actively engaged with DG's management team with the goal of enhancing DG's corporate value. Recently, Oasis received a proposal from Resona HD to acquire Oasis's stake in DG, and Oasis has agreed to proceed with the Transaction. Resona HD is already in a capital and business alliance with DG, including joint initiatives to build a sales framework in the payment business. Through this additional acquisition of shares, Resona HD aims to deepen the existing partnership and further strengthen collaboration in the payment business as part of its broader efforts to enhance corporate value for both parties. Oasis has consistently advocated for enhancing DG's corporate value through growth of the payment business by strengthening sales and operational capabilities to capture the once-in-a-generation opportunity presented by the shift toward a cashless society. We hope this transaction will accelerate the growth of DG's core payment business and ultimately benefit all stakeholders of DG, including customers, employees, and shareholders. Oasis's engagement activities in Japan are characterized by a focus on enhancing long-term corporate value through dialogue with the management teams of investee companies, rather than pursuing short-term profits. Oasis has adopted the Japan FSA's 'Principles of Responsible Institutional Investors' (a/k/a the Japan Stewardship Code) and, in line with those principles, Oasis will continue to pursue investments, monitor and engage with its investee companies with the goal of benefiting all stakeholders involved. About Oasis Oasis Management Company Ltd. manages private investment funds focused on opportunities in a wide array of asset classes across countries and sectors. Oasis was founded in 2002 by Seth Fischer, who leads the firm as its Chief Investment Officer. More information about Oasis is available at Oasis has adopted the Japan FSA's 'Principles for Responsible Institutional Investors' (as amended from time to time) (a/k/a Japan Stewardship Code) and in line with those principles, Oasis monitors and engages with our investee companies. Disclaimer This press release is not intended to solicit or seek shareholders' agreements to jointly exercise voting rights with Oasis. Shareholders that have an agreement to jointly exercise their voting rights are regarded as Joint Holders under the Japanese large shareholding disclosure rules and they must file notification of their aggregate share ownership with the relevant Japanese authority for public disclosure under the Financial Instruments and Exchange Act. Oasis does not intend to be subjected to such notification requirements. The press release exclusively represents the opinions, interpretations, and estimates of Oasis.
Yahoo
20 hours ago
- Business
- Yahoo
Is Dollar General Quietly Winning With Its Remodel Strategy?
Dollar General Corporation's DG remodel initiative may not have grabbed the headlines, but its financial and operational impact is harder to overlook. In the first quarter of fiscal 2025 alone, the company remodeled a staggering 1,227 stores — 668 through Project Elevate and 559 under Project Renovate. These efforts are part of a broader plan to execute approximately 4,885 real estate projects in 2025, including 2,000 Project Renovate and 2,250 Project Elevate the cost of these upgrades is substantially lower than building new stores, Dollar General expects impressive first-year annualized comp sales lifts of 6-8% for Project Renovate and 3-5% for Project Elevate, converting the mature store base into a growth makes this remodel strategy powerful is its dual benefit — revitalizing aging stores and improving the in-store experience with category updates and merchandising enhancements. This boosts store productivity per square foot. Additionally, with remodels targeting nearly 20% of the store base each year, DG maintains a continuous refresh cycle without overextending General's ability to complete most of these remodels by the third quarter also allows for extended sales benefits throughout the fiscal year. With improved shelf availability, leaner inventory and better store standards accompanying these remodels, the company is achieving significant operational store construction costs up 40% since 2019, Dollar General's strategic pivot toward remodeling over rapid expansion appears well-calculated. If the early indicators hold, DG may be rewriting the playbook on how to grow without adding square footage. Dollar General's Price Performance, Valuation and Estimates Dollar General stock has rallied 50.4% over the past six months against the industry's decline of 2.4%. The company has also comfortably outperformed key peers such as Target Corporation TGT and Costco Wholesale Corporation COST. During the same period, Target shares have declined 24.4%, while Costco has seen a 4.6% drop. Image Source: Zacks Investment Research Dollar General's forward 12-month price-to-earnings ratio of 17.60 reflects a lower valuation compared to the industry's average of 31.65. DG carries a Value Score of A. DG is trading at a premium to Target (with a forward 12-month P/E ratio of 13.28) but at a discount to Costco (47.31). Image Source: Zacks Investment Research The Zacks Consensus Estimate for Dollar General's current financial-year sales suggests year-over-year growth of 4.4%, while estimates for earnings per share imply a decline of 2.5%. Image Source: Zacks Investment Research Dollar General currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Dollar General Corporation (DG) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
a day ago
- Business
- Globe and Mail
Is Dollar General Quietly Winning With Its Remodel Strategy?
Dollar General Corporation 's DG remodel initiative may not have grabbed the headlines, but its financial and operational impact is harder to overlook. In the first quarter of fiscal 2025 alone, the company remodeled a staggering 1,227 stores — 668 through Project Elevate and 559 under Project Renovate. These efforts are part of a broader plan to execute approximately 4,885 real estate projects in 2025, including 2,000 Project Renovate and 2,250 Project Elevate remodels. While the cost of these upgrades is substantially lower than building new stores, Dollar General expects impressive first-year annualized comp sales lifts of 6-8% for Project Renovate and 3-5% for Project Elevate, converting the mature store base into a growth engine. What makes this remodel strategy powerful is its dual benefit — revitalizing aging stores and improving the in-store experience with category updates and merchandising enhancements. This boosts store productivity per square foot. Additionally, with remodels targeting nearly 20% of the store base each year, DG maintains a continuous refresh cycle without overextending capital. Dollar General's ability to complete most of these remodels by the third quarter also allows for extended sales benefits throughout the fiscal year. With improved shelf availability, leaner inventory and better store standards accompanying these remodels, the company is achieving significant operational improvements. With store construction costs up 40% since 2019, Dollar General's strategic pivot toward remodeling over rapid expansion appears well-calculated. If the early indicators hold, DG may be rewriting the playbook on how to grow without adding square footage. Dollar General's Price Performance, Valuation and Estimates Dollar General stock has rallied 50.4% over the past six months against the industry 's decline of 2.4%. The company has also comfortably outperformed key peers such as Target Corporation TGT and Costco Wholesale Corporation COST. During the same period, Target shares have declined 24.4%, while Costco has seen a 4.6% drop. Dollar General's forward 12-month price-to-earnings ratio of 17.60 reflects a lower valuation compared to the industry's average of 31.65. DG carries a Value Score of A. DG is trading at a premium to Target (with a forward 12-month P/E ratio of 13.28) but at a discount to Costco (47.31). The Zacks Consensus Estimate for Dollar General's current financial-year sales suggests year-over-year growth of 4.4%, while estimates for earnings per share imply a decline of 2.5%. Dollar General currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report
New Indian Express
6 days ago
- Politics
- New Indian Express
Kannur jailbreak reveals negligence among top officials of prisons dept
THIRUVANANTHAPURAM: Though the jailbreak of Govindachamy has raised questions on the safety aspects of prisons, equally glaring is the lethargy of senior officers of the Prisons Department. Highly-placed sources said senior officials, starting from Prisons Department Director General Balram Kumar Upadhyay, have been turning a blind eye towards the daily monitoring of the functioning of the prisons. As per the Kerala Prisons and Correctional Services (Management) Act, the Prisons DG should visit the central prisons and the high-security prison once every six months. This practice helps the DG personally take stock of the security situations inside the prisons and suggest measures to address them. However, the incumbent DG has been reluctant to visit prisons, sources said. The central prisons, open prisons, women prisons and the high-security prison have jail advisory boards that meet every six months. The norm that was keenly followed earlier was that the DGs would go the prisons to take part in the advisory board meetings so that both purposes- attending the meeting and jail visit- were served. However, in the case of the incumbent DG, he prefers attending the meetings, which are held offline, online.
Express Tribune
23-07-2025
- Health
- Express Tribune
Hospitals told to follow protocol in waste disposal
The environment watchdog in Sindh has warned clinics and hospitals in Hyderabad to dispose of hospital waste in incinerators per laid down rules and regulations. Sindh Environmental Protection Agency (SEPA) Director General (DG) Waqar Hussain Phulpoto has issued a stern warning to public and private hospitals across the district for failing to dispose of medical waste in accordance with SEPA regulations. During his visit to Hyderabad, he chaired multiple meetings at the SEPA regional office with hospital administrators, kiln owners, factory operators, and municipal officials from various districts. He directed hospitals to follow scientific protocols for medical waste disposal using incinerators and to ensure strict compliance with Hospital Waste Management Rules. Expressing displeasure during individual hearings, the DG reprimanded kiln owners for not using eco-friendly fuel and instructed them to adopt environmentally safe alternatives in line with SEPA laws. Municipal officers of Hyderabad were also directed to ensure proper disposal of municipal waste at designated landfill sites. Violations of the SEPA Act 2014 will result in strict legal action, the DG warned. DG also held individual hearings with owners of ice factories, various industrial units, and construction firms, emphasizing the need for full compliance with environmental regulations. Responding to public complaints, the DG ordered the sealing of an ice factory located in Thatta for non-compliance.
