June 13 (Reuters) - LXRandCo Inc LXR.TO :
* LXRANDCO ANNOUNCES UPDATED STRATEGIC PLAN FOCUSED ON DISCIPLINED GROWTH, EXPANDED MARGINS AND CASH FLOW GENERATION
* LXRANDCO INC - COMPANY STREAMLINES GEOGRAPHIC FOCUS TO U.S. AND CANADA
* LXRANDCO INC - PLANS TO OPEN NET 39 NEW STORES IN U.S. AND CANADA AND WILL CLOSE ALL LOCATIONS IN EUROPE
* LXRANDCO - THROUGHOUT REMAINDER OF 2018, CO PLANS TO OPEN 55 NEW LOCATIONS IN U.S. AND CANADA, 45 WITH EXISTING PARTNERS AND 10 WITH NEW PARTNER BELK
* LXRANDCO INC - COMPANY WILL ALSO EXIT ALL OF ITS 16 STORE LOCATIONS WITH ITS RETAIL PARTNER BURLINGTON
* LXRANDCO INC - AT COMPLETION OF OPENINGS & CLOSURES, CO ANTICIPATES HAVING A TOTAL OF 146 RETAIL LOCATIONS WITH SEVEN PARTNERS
* LXRANDCO INC - COMPANY IS WITHDRAWING PREVIOUSLY PROVIDED GUIDANCE WITH RESPECT TO TARGETED RETAIL NETWORK EXPANSION AND STORE COUNTS
* LXRANDCO INC - COMPANY IS WITHDRAWING PREVIOUSLY PROVIDED GUIDANCE WITH RESPECT TO RUN-RATE REVENUE, ADJUSTED EBITDA AND RUN-RATE ADJUSTED EBITDA
* LXRANDCO INC - CO IS EMBARKING ON A COST REDUCTION PLAN WHICH IS EXPECTED TO GENERATE ABOUT $1.2 MILLION IN CORPORATE COST SAVINGS ANNUALLY