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 […]

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 […]

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. […]

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 […]

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 […]

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