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 […]

Clothing and furnishing retailer Laura Ashley has reported a pre-tax loss of 14.3 million pounds (17.3 million dollars) in the year to June 30, compared to a profit of 100,000 pounds in the prior year. The company has blamed weak performance of its home furnishing business and changes made to its website […]

Board of directors at Ross Stores, Inc. has declared a regular quarterly cash dividend of 255 cents per common share, payable on September 30, 2019 to stockholders of record as of September 12, 2019. Headquartered in Dublin, California, with fiscal 2018 revenues of 15 billion dollars, Ross Stores operates […]

L Brands, Inc. earnings per share for the second quarter ended August 3, 2019, were 14 cents compared to 36 cents for the quarter ended August 4, 2018, while operating income was 174.6 million dollars compared to 228.1 million dollars last year and net income was 37.6 million dollars compared to 99 […]

Nordstrom, Inc. has reported earnings per diluted share of 90 cents for the second quarter ended August 3, 2019 compared to 95 cents in the prior year. Total company net sales decreased 5.1 percent to 3,778 million dollars, while net earnings were 141 million dollars compared with 162 million dollars […]

Alibaba Group Holding Ltd has delayed its initially planned 15-billion-dollar listing in Hong Kong as protests continue in the region. The company has not set a new timetable for the listing, but the deal could still happen as early as October. Alibaba is watching closely to see if political unrest […]

Amazon has announced that its biggest global campus has opened in India in Hyderabad. This will help better position Amazon to compete with its top rival Walmart. Jeff Bezos has committed 5.5 billion dollars to growth in India. The new Hyderabad campus is the first building Amazon has owned outside […]

New York – Plus-size womenswear retailer the Avenue announced earlier this month it will close its 222 stores nationwide. As explained in a corporate release issued by the retailer’s designated liquidation advisers - Hilco Merchant Resources – the fashion company will shut all its stores across 33 states. […]

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