Mary Epner Retail Analysis Disclosures and Terms
Mary Epner Retail Analysis LLC (“MERA”) abides by a strict code of conduct and Compliance Manual to ensure compliance with all applicable laws, rules and regulations and the highest level of business ethics and standards. All retail industry information attained during the course of its independent real-time research is not influenced or obtained by the use of any deceptive or otherwise unlawful business practices or devices, including the use of insider or material non-public information. MERA does not engage current retail management personnel for information regarding their employer or affiliates of their employer in the preparation of its reports and does not provide nor receive compensation to/from the retailers or entities covered in its reports.
MERA IS NOT A REGISTERED INVESTMENT ADVISER UNDER THE FEDERAL INVESTMENT ADVISER ACT OF 1940 AS AMENDED OR THE LAWS OF ANY STATE. MERA does not provide, and nothing in this report should be taken to provide, any advice regarding the purchase, sale or any other transaction in any security.
The information contained in this report herein is obtained by MERA from sources believed by it to be accurate, reliable and lawful. Notwithstanding the foregoing, such information is presented “as is,” without warranty of any kind, and MERA makes no representation or warranty, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the use, or the results obtained
from the use of such information. All expressions of opinion or statements as to facts are subject to change without notice and MERA shall not update, amend, modify or supplement this report in whole or in part or any of the information contained herein under any circumstances.
This research report is prepared for general information concerning the goods offered by the retailers or other entities covered herein. It does not seek to provide any investment, financial, tax or legal advice whatsoever or purport to recommend favorably or unfavorably the securities of any retailer. Furthermore, it does not seek to address the investment, financial, tax or legal objectives, situations or the needs of any specific entity or person who may receive this report. Investors should seek professional financial, tax, legal or investment advice regarding the appropriateness of investing in any securities of the retailers or other entities covered herein.
Statements in this report regarding performance of any retailer or other entity should not be construed as statements about any aspect of such retailers or other entities financial performance or prospects, which performance is reflected in financial statements and other documents. Further, any statement in this report regarding performance is not indicative of and does not guarantee future results or that anticipated results may be realized.