Chico’s FAS, Inc., for the thirteen weeks reported a net loss of 46.8 million dollars or 40 cents loss per diluted share compared to net loss of 2.3 million or 2 cents loss per diluted share for the same quarter last year. Net sales were 306.2 million dollars, an improvement of 9.2 percent from the […]

For its second quarter, Express Inc., reported consolidated net sales decrease of 48 percent to 245.7 million dollars, with consolidated comparable sales down 24 percent. The company said in a statement that comparable retail sales, which includes both Express stores and e-commerce, decreased 28 percent […]

Mike Ashley’s Frasers Group has announced it will immediately put its subsidiary Bob’s Stores under strategic review after Nike cut ties with the US retail chain. The company, which acquired Bob’s Stores in 2017, said in a statement Tuesday: “Following recent press reports, Frasers Group confirms that […]

British retailer New Look has launched its CVA proposal which looks to reset the majority of its UK stores to a turnover rent model. Under the proposed CVA, 402 leases would be set at a turnover percentage of up to 12 percent while the remaining 68 stores would move to nil rent. In return, landlords […]

J.Crew Group, Inc. has announced it expects to exit Chapter 11 bankruptcy early next month after winning approval for its restructuring plan by the US Bankruptcy Court for the Eastern District of Virginia. The plan will equitize over 1.6 billion dollars of secured indebtedness, and provide a 400 million […]

Urban Outfitters, Inc. posted net income of 34 million dollars and earnings per diluted share of 35 cents for the three months ended July 31, 2020, while for the six months period, net loss was 104 million dollars and loss per diluted share was 1.06 dollars. The company said in a statement that total […]

Nordstrom, Inc. reported loss per diluted share of 1.62 dollars, while the company’s net sales decreased 53 percent from last year, reflecting temporary store closures for approximately 50 percent of days during the quarter due to Covid-19, in addition to an approximately 10-percentage point timing […]

ANALYSISNew York – The market sees potential for Nike (NKE) after the stock went through an initial crash at the beginning of the coronavirus pandemic. Now, the athletic apparel company’s shares are back to all-time highs. “Nike is in the early innings of a massive digital transformation” that is much […]

ANALYSIS New York –Traditionally one of the key shopping seasons for retailers, this year’s back-to-school is poised to be if anything, one of a kind. With the majority of countries still figuring out the best way to return to the classroom safely, many debates are taking the apparel industry by storm. […]

French luxury giant LVMH and US jewelry brand Tiffany & Co have reportedly delayed the deadline for their acquisition deal by three months. The 16.2 billion dollar deal is now set to close in November after it failed to close on 24 August, the date set out in the documents of the deal, Reuters reports, […]

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