J. C. Penney Company’s comparable sales increased 2.2 percent for the second quarter, delivering a two-year stack of 6.3 percent. Net loss improved 52 percent to 56 million dollars or 0.18 dollar per share versus the prior year. “We are pleased with the sequential improvement we achieved throughout […]

Nordstrom earnings per diluted share were 0.67 for the second quarter ended July 30, 2016, which the company said exceeded its expectations. Total company net sales decreased 0.2 percent and comparable sales decreased 1.2 percent, compared with the same period last year. "Over the past several quarters, […]

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar […]

Gap has appointed Brian Goldner to serve on the Gap board of directors, effective August 12, 2016. Goldner, 53, is currently Chairman, President and CEO of Hasbro. “Brian’s ability to drive transformative change is impressive, as his leadership has enabled Hasbro to emerge as one of the most profitable […]

The Tom Tailor Group achieved a slight rise in sales in the second quarter of the fiscal year 2016. In the first half, sales increased 2.2 percent to 451.3 million euros (503.9 million dollars). The company said that the growth was driven by the Tom Tailor brand, which posted gains in both the retail […]

Michael Kors Holdings’ first quarter revenue increased 0.2 percent to 987.9 million dollars from 986 million dollars in the same quarter of fiscal 2016. On a constant currency basis, total revenue was flat. Commenting on the first quarter trading, John D. Idol, the company’s Chairman and CEO, said, […]

The fashion industry is one of the world's most important business sectors. Globally worth a total of approximately 3 trillion US dollars, it is clear that fashion sells. Although the majority of the attention is usually focused on the designers behind the fashion houses, it is the business men and […]

It is no secret that fashion sells. The global fashion industry is currently valued at an astounding 3 trillion US dollars, according to FashionUnited's global statistics page, making it one of the most valued sectors in the world. The only thing which sells more than fashion, is "fast fashion", which […]

Coach net sales totalled 1.15 billion dollars for the fourth quarter, an increase of 15 percent on both a reported and constant currency basis. Net sales totalled 4.49 billion dollars for fiscal year 2016, an increase of 7 percent on a reported basis and 9 percent in constant currency from fiscal 2015. […]

London - US retail giant Wal-Mart Store has agreed to acquire Jet.com in the biggest deal made for an e-commerce startup - approximately 3.3 billion US dollars, as it aims to go head ot head with online mongul Amazon. Wal-Mart, the world's largest retailer, announced on Monday it agreed to acquire Jet […]

Related news

MORE NEWS

 

Latest jobs

 

MOST READ