Dick's Sporting Goods Inc is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter, unveiled Reuters Wednesday. On the wake of the rumours, shares of Dick's Sporting Goods rose as much as 13.5 percent to 55.88 dollars, giving […]

Overall shop prices continued to drop throughout every month of 2014, according to the British Retail Consortium (BRC). The group predicts that shop prices will continue to deflate in 2015, driven by slipping oil prices. The most recent data from the BRC indicated that shop prices fell once more last […]

UK footwear and accessories retailer Russell & Bromley, has given a payout of 11.2 million pounds to its family owners after its sales and profits soared in 2013. The Bromley family, which first founded the footwear chain 120 year ago, ups dividend by 60 percent in 2013, after the retailer reported […]

Sainsbury's clothing sales reported "nearly" 10 percent increase year-on-year for the 14 weeks to January 3, 2015, helping boost overall retail sales for the retailer during the Christmas period. Like-for-like retail sales where hit by food price deflation during the third quarter, which lead to a 1.7 […]

REPORT Lingerie brand Ann Summers has reported a full-year pre-tax loss of 3.6 million pounds (5.4 million dollars) against a pre-tax profit of 1.7 million pounds (2.5 million dollars) in the previous year. Company’s sales declined to 101 million pounds (152 million dollars) for the 12 months to June […]

REPORT For the four months to December 31, 2014, Boohoo.com revenue went up 25 percent. Revenue in the UK went up 25 percent, in the Rest of Europe, 35 percent and in the Rest of World, 19 percent. Gross margin was 59.9 percent, up 30bps on prior year and company had 2.9 million active customers, up […]

Michael Kors, famous for its affordable accessories, has been downgraded by Credit Suisse as the company's hangbags are increasingly being discounted. According to the Financial Times, analysts lowered their rating to “neutral” from “outperform” and cut their price target to 79 from 103 US dollars making […]

REPORTJC Penney Company in its preliminary update for the combined nine-week November and December period has reported comparable store sales growth of 3.7 percent over the same period last year. “Our highest priority over the last year has been to restore profitable sales growth at JC Penney. This […]

Wanda E-commerce, the online business of Dalian Wanda Group, has received 1 billion yuan (161 million dollars) funding from Alibaba’s direct competitors Tencent and Baidu. According to Wanda Group, the investment values 4-month-old Wanda E-commerce at 20 billion yuan (3.22 billion dollars). Dalian Wanda […]

ANALYSIS “Our highest priority over the last year has been to restore profitable sales growth at JC Penney. This holiday season was instrumental in that effort – and our teams delivered. I would like to thank our associates for their hard work, warrior spirit and commitment to delivering an exceptional […]

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