J. C. Penney Company, Inc. has announced that net loss for the second quarter was 48 million dollars or 15 cents per share compared to 101 million dollars or 32 cents per share in the same period last year. Adjusted net loss was 56 million dollars or 18 cents per share compared to 120 million dollars […]

Tapestry, Inc. reported net sales of 1.51 billion dollars for the fourth quarter, an increase of 2 percent on a reported basis and 4 percent in constant currency. However, according to Reuters it missed the average analyst expectation of 1.53 billion dollars, as per IBES data from Refinitiv. For the […]

Shares at Mike Ashley’s Sports Direct fell by more than 11 percent following the announcement that the retailer’s auditor since 2007, Grant Thornton, would quit after the company’s annual general meeting on 11 September. Sports Direct released a statement on Wednesday saying: “Sports Direct received […]

Board of directors at Gap Inc. has authorized a third quarter fiscal year 2019 dividend of 2425 cents per share, payable on or after October 30, 2019 to shareholders of record at the close of business on October 9, 2019. Gap offers clothing, accessories, and personal care products for men, women, and […]

Iconix Brand Group, Inc. has been expanding its licensing agreements. Shortly after announcing new licensees for its Danskin and London Fog brands, the owner of a growing portfolio of consumer brands has named a new footwear licensee for Rampage. Titan Industries, Inc. will design, manufacture and distribute […]

Second quarter revenues at Macy’s, Inc. were 5,546 million dollars compared to 5,572 million dollars, while comparable sales rose 0.2 percent on an owned basis; 0.3 percent on an owned plus licensed basis. The company reported diluted and adjusted diluted EPS of 28 cents compared to previous year’s […]

Mike Ashley’s Sports Direct has announced that Grant Thornton will quit from its position as the retailer’s auditor. Following a review of its client portfolio, Grant Thornton has decided not to seek reappointment as its auditor from 11 September when Sports Direct’s next annual general meeting will […]

Canada Goose Holdings Inc., for the first quarter ended June 2019 reported total revenue increase of 59.1 percent to 71.1 million Canadian dollars (53.4 million dollars) or 58.6 percent on a constant currency basis. Net loss for the quarter was 29.4 million Canadian dollars (22.1 million dollars) or […]

With just 78 days left until Brexit, the fateful day the UK will leave the European Union, the hard reality for British retailers and brands is that they must prepare for the worst and hope for the best. Walpole, the official sector body that promotes, protects and develops British luxury worldwide, […]

New York – Swedish sneakers and streetwear retailer Caliroots announced earlier this week it has received a 1.69 million euro investment from Cristina Stenbeck, former chairman of Swedish investment company Kinnevik. After the investment, Stenbeck now owns 7.9 percent of Caliroots. Additionally, venture […]

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