ANALYSISRetail market analysts at Morgan Stanley and Merrill Lynch agree on the threats waiting ahead for Nike, which seems to be losing its mojo and, therefore, its market share. Shares at Nike Inc. (NYSE:NKE) were downgraded by Morgan Stanley and Merril Lynch on Wednesday, on a matter of hours. Both […]

REPORTAbercrombie & Fitch has reported a GAAP net loss per diluted share of 0.59 dollar for the first quarter ended April 30, 2016, compared to a GAAP net loss per diluted share of 0.91 dollar, or an adjusted non-GAAP loss per diluted share of 0.53 dollar, for the first quarter last year. Net sales […]

Destination Maternity Corporation comparable sales decreased 5.4 percent, compared to a 1.1 percent decrease for the first quarter of fiscal 2015. Adjusted EBITDA before other charges was 13.2 million dollars compared to 12 million dollars for the first quarter of fiscal 2015. Commenting on the results, […]

REPORTGuess, for its first quarter ended April 30, 2016 reported that net revenue decreased 6.3 percent to 448.8 million dollars, from 478.8 million dollars in the prior-year quarter. In constant currency, total net revenue decreased 5 percent. Americas retail revenues decreased 5 percent in US dollars […]

REPORTPVH revenue increased 3 percent on a constant currency basis and 2 percent on a GAAP basis to 1.92 billion dollars compared to the prior year’s first quarter revenue of 1.88 billion dollars. The company said that Calvin Klein and Tommy Hilfiger businesses outperformed revenue expectations. Commenting […]

REPORTNet income for Foot Locker’s first quarter ended April 30, 2016 was 191 million dollars, compared with net income of 184 million dollars in the same period of 2015. Earnings were 1.39 dollars per share, a 7.8 percent increase from the 1.29 dollars per share earned in the comparable period last […]

UPDATE London - L Brands, parent company of lingerie giant Victoria's Secret has confirmed reports that it will be axing its swimwear, along with footwear, accessories and apparel and focus on its core divisions: Victoria's Secret Lingerie, Victoria's Secret Beauty and Pink. The Columbus-based retailer […]

REPORTGap said that first quarter diluted earnings per share were 0.32 dollar. Total company net sales were 3.44 billion dollars and comparable sales were down 5 percent. Gap also provided an update on the strategies outlined on May 9, 2016 to better position the company for improved business performance […]

Richemont sales grew by 6 percent to 11, 076 million euros (12,412 million dollars); at constant exchange rates, sales decreased by 1 percent. The company’s growth in Europe, the Middle East, Americas and Japan was offset by weaker trading in the Asia Pacific region. Operating profit decreased by 23 […]

REPORTThe Björn Borg Group’s net sales amounted to 158.1 million Swedish krona (18.9 million dollars) in the first quarter, an increase of 21 percent. The company said that the positive sales trend compared with the first quarter of 2015 was mainly driven by the Group-owned wholesale and retail operations. […]

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