Gap Inc. reported earnings per share of 44 cents on a basic and diluted basis, compared to 77 cents and 76 cents, respectively in the second quarter of last year. On an adjusted basis, earnings per share were 63 cents. The company’s second quarter comparable sales were down 4 percent compared with a […]

Second quarter net sales at RTW Retailwinds, Inc. were 201.9 million dollars, reflecting a 4.8 percent decrease in comparable store sales, and a net reduction in store count by 13 stores from the prior year second quarter, partially offset by an increase in sales from new businesses. Net loss for the […]

Ross Stores, Inc. reported earnings per share for the second quarter ended August 3, 2019 of 1.14 dollars, up from 1.04 dollars last year. Net earnings grew to 413 million dollars compared to 389 million dollars in the prior year. The company’s sales rose 6 percent to 4 billion dollars, with comparable […]

Columbia Sportswear Company is expanding its global headquarters in Washington County, Oregon. According to an announcement from the brand on August 21, the company bought three nearby buildings from Electro Scientific Industries for 33 million USD. This acquisition will provide Columbia with 200,000 […]

House of Fraser has extended its administration for another year as Mike Ashley presses forward with his turnaround plan for the struggling retailer. The administration of the company was due to end on 10 August, but has now been extended to the same date in 2020 by consent of the company’s creditors. […]

Dick’s Sporting Goods reported consolidated net income for the second quarter ended August 3, 2019 of 112.5 million dollars or 1.26 dollars per diluted share, compared to 119.4 million dollars or 1.20 dollars per diluted share in the previous year. Net sales for the quarter increased 3.8 percent to […]

In its interim results announcement for the six months, Li & Fung Limited, supply chain solutions partner for brands and retailers, said, on a like-for-like basis, turnover decreased 8.4 percent to 5,356 million dollars mainly due to ongoing destocking, customer turnover and customer bankruptcies […]

The Cato Corporation reported net income of 11.9 million dollars or 48 cents per diluted share for the second quarter ended August 3, 2019 compared to 6.5 million dollars or 26 cents per diluted share for the second quarter ended August 4, 2018. Sales for the quarter were 210.4 million dollars or an […]

The cost of clothing made in Europe and being sold in the UK could increase by 11.5 percent if the country crashes out of the EU without a deal later this year, new research suggests. According to personal finance website NimbleFins, the price hike - which could also see EU Footwear prices rise by 4.1 […]

US fashion resale company ThredUp has announced it has received 175 million dollars in funding that it will use to “fuel a new wave of growth and platform expansion.” With the new funding, ThredUp is launching a platform called RAAS (Resale-As-A-Service), which will provide services for retailers to […]

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