Sears Canada swung to a Q1 loss as falling sales in its home products offset year-on-year growth in apparel and accessories.
News
Target cuts outlooks on lower Q1 profit
May 22, 2013 by Leave a Comment
Target Corp lowered its FY earnings outlook after higher interest charges as well as soft apparel sales weighed on Q1 profits.
Perry Ellis inks Original Penguin license with Delta Galil
May 22, 2013 by Leave a Comment
Perry Ellis International has licensed Delta Galil to develop, produce and distribute Original Penguin men’s underwear and loungewear.
TJX Companies Q1 profit rises 8%
May 22, 2013 by Leave a Comment
Off-price retailer The TJX Companies expects FY EPS to be at the upper end of its previous guidance after Q1 profit rose 8%.
Neiman Marcus scales back operations in China
May 22, 2013 by Leave a Comment
Neiman Marcus plans to scale back its physical operations in China, closing a warehouse that serves its online business in the country.
Urban Outfitters Q1 profit jumps 38.4%
May 22, 2013 by Leave a Comment
Sales growth across all brands and channels has helped lifestyle retailer Urban Outfitters to a 38.4% hike in first quarter profit.
Parsons names Kay Unger chair of governors’ board
May 21, 2013 by Leave a Comment
Parsons The New School of Design has named women’s wear designer Kay Unger chair of the board of governors.
Saks Q1 profit slumps 37.8% but sales rise
May 21, 2013 by Leave a Comment
Saks Inc. posted a 37.8% decline in Q1 net profit after it was weighed down by store closing costs and debt-extinguishment losses.
Dick’s Sporting Goods Q1 profit rises 13.4%
May 21, 2013 by Leave a Comment
Dick’s Sporting Goods reported a 13.4% jump in Q1 net profit despite lower-than-expected sales growth.
