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. […]

For its second quarter, the Children’s Place, Inc. reported net sales decrease of 6.3 percent to 420.5 million dollars as a result of a comparable retail sales decrease of 3.8 percent. Net income for the quarter was 1.5 million dollars or 10 cents per diluted share compared to 7.5 million dollars or […]

Global Fashion Group S.A. (GFG), has announced that the company’s net merchandise value (NMV) increased 22.7 percent on a constant currency basis to 449 million euros (498 million dollars), while revenue growth was 16.5 percent as marketplace share expanded to 19 percent of NMV. The company said, active […]

Premium London-based online jeweller Taylor and Hart has completed a landmark funding round led by consumer specialist investors Active Partners, which will support its global expansion plans. The funding round, which amounts to just over 3.6 million pounds, was led by Active Partners, which have previously […]

Urban Outfitters, Inc., which operates a portfolio of brands including Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters and Nuuly, has announced net income of 60 million dollars and 93 million dollars for the three and six months ended July 31, 2019, respectively compared to 93 million dollars […]

Board of directors of Nordstrom, Inc. has approved a quarterly dividend of 37 cents per share payable on September 16, 2019, to shareholders of record at the close of business on August 30, 2019. The fashion retailer based in the US was founded in 1901 as a shoe store in Seattle. Today Nordstrom operates […]

The TJX Companies, Inc. has announced that net sales for the second quarter increased 5 percent to 9.8 billion dollars, while consolidated comparable store sales increased 2 percent, over last year’s 6 percent increase. First half net sales increased 6 percent to 19.1 billion dollars and comparable […]

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