 |
 |
 |
 |
 |
|
|
St. Louis Front Page P.O. Box 1354 St. Louis, MO 63188 Voice: 314-771-0200 Fax: 314-771-0300 To submit news, contact: editor@slfp.com To advertise, contact: advertising@slfp.com  |
 |
 Gaming Association Elects New Officers KANSAS CITY, MO, (SLFP.com), January 29, 2003 - The Missouri Riverboat Gaming Association (MRGA) has announced the election of its new officers for 2003. Troy Stremming, vice president of Legal and Governmental Affairs, Ameristar Casino, Inc,. was elected President. Stremming is the outgoing Chairman of the MRGA's legislative and government affairs committee. Prior to joining Ameristar, he was General Counsel for Station Casino's Midwest Operations. He began his law career in coporate litigation at Rose, Brouillette & Shapiro in Kansas City, MO. In an announcement, Stremming said, "I am very pleased to serve as President of MRGA. This will be a pivotal year for the Association as we work to manage various legislative and regulatory proposals that could significantly impact Missouri's gaming industry." Dan Weindruch, vice president and general manager of Isle of Capri Casno, Kansas City, will serve as President Elect. Anthony J. Raymon, senior vice president and general manager, Ameristar Casino St. Charles will serve as Treasurer. George Stadler, senior vice president & general manager, Casino Aztar, Caruthersville, MO has been elected Secretary. The Home Depot to Invest $4 Billion in Stores, Technology, Employees and Merchandising ST. LOUIS, MO, (Newstream), January 19, 2003 - The Home Depot, the world's largest home improvement retailer, has announced that during fiscal 2003 it will increase capital spending 21 percent to $4 billion to enhance the customer shopping experience and reinvigorate sales performance. The company provided its outlook at its annual analyst meeting in Atlanta. The Home Depot said it expects to deliver sales growth of between 9 and 12 percent, and earnings growth of between 9 and 14 percent in the coming year. The Home Depot also expects to open 200 stores and add 40,000 associates in fiscal 2003. The company also confirmed its current estimates of 10 percent sales growth and 21-23 percent earnings growth for the fiscal year ending February 2, 2003 on an adjusted 52-week basis. "We have embarked on a transformation of The Home Depot from a young, decentralized business toward a more mature and balanced company with predictable and sustainable growth potential," said Bob Nardelli, chairman, president & CEO of The Home Depot. "These changes are the logical transition following Home Depot's success over the past 23 years as the fastest retailer in history to exceed $50 billion in sales." "In fiscal 2002, the transformation produced many positive results at The Home Depot, which are evident in margin expansion, better product assortments, earnings growth, strong cash flow and a 20 percent dividend increase. While necessary, the level of change has proven to be disruptive, putting pressure on our sales performance," Nardelli continued. "Over the coming year, we will increase our investment in our associates, existing stores, and new information systems. At the same time, we will be focused to preserve and enhance the customer experience while accomplishing these necessary changes." The Home Depot said it expects to launch a $250 million store remodeling program in the coming year. Executive Vice President and CFO, Carol Tome, said that spending for 2003 on store level initiatives, remodels and technology will be $880 million, or 22 percent of the $4.0 billion capital spending budget. At the end of December 2002, The Home Depot operated 1,502 retail outlets, including 1,340 Home Depot stores in the United States, 89 Home Depot stores in Canada, and 12 Home Depot stores in Mexico. The company also operated 52 EXPO Design Centers, 5 Home Depot Supply stores, 3 Home Depot Landscape Supply stores, and one Home Depot Floor Store.  The Saint Louis Front Page is owned and maintained by the Moore Design Group for the sole purpose of disseminating news and information about the Metropolitan Saint Louis area. Text or graphics may not be copied, rewritten or distributed in any manner whatsoever without written permission. For more information, contact editor@slfp.com All rights reserved world wide © 1996 - 2008 Moore Design Group . |
|
