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Guess out with first quarter results

US-based fashion brand Guess has unveiled financial results for its first quarter ended April 29, 2017. During the period under review, Los Angeles-based company recorded GAAP net loss of US $ 21.3 million, a 15.4 per cent improvement compared to US $ 25.2 million for the first quarter of fiscal 2017. For the first quarter of fiscal 2018, the company recorded adjusted net loss of US $ 19.4 million, a 0.5 per cent deterioration from […]

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Net sales decline for Chico’s FAS

Chico’s FAS Inc., a leading omni-channel specialty retailer has announced its financial results for the fiscal 2017 first quarter ended April 29, 2017. During the quarter under review, net sales were US $ 583.7 million compared to US $ 643.0 million in last year’s first quarter. This decrease of 9.2 per cent primarily reflects a decline in comparable sales of 8.7 per cent, driven by lower average dollar sale and a decline in transaction count. […]

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Future Retail’s fourth quarter profit goes up

Future Retail, leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market, has announced financial results for the fourth quarter ended March 31, 2017. During the quarter under review, the retailer noted a 15 per cent increase in net profit to Rs. 120.6 crore from Rs. 104.6 crore in the same period a year ago. This was disclosed in a statement issued by the company. During the said […]

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Tilly’s net sales soar in first quarter

Tilly’s Inc., US-based retail clothing company that sells action sports-branded clothing, accessories, shoes and equipment, has announced financial results for the first quarter (thirteen weeks) of fiscal 2017 ended April 29, 2017. During the quarter under review, total net sales went up by 0.6 per cent from US $ 120.2 million in the corresponding period last year to US $ 120.9 million this quarter. Comparable store sales, which include e-commerce sales, increased 0.6 per cent […]

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Splendid forays into loungewear segment

In a bid to capture share in loungewear market, Delta Galil’s newly acquired brand, Splendid, is launching its own active and sleepwear lines. The brand was added to the company’s umbrella just last year and is already spearheading the conglomerate’s growth into new categories. Also Read – Lingerie brand LIVELY launches swimwear collection Dubbed as Splendid Studio, the active wear collection will include a fashionable range of high-waist leggings, culottes, sports bras and knit tops […]

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Karl Lagerfeld reveals latest capsule

Karl Lagerfeld has a new capsule collection to flaunt for his own line, for which he, and sometimes his cat Choupette, serve as the sole muses. Dubbed ‘Karl the Photographer’, the capsule includes Ready-To-Wear pieces along with accessories that feature Lagerfeld and Choupette in selfies, photo booth pics, polaroids and abstract pixelated images. The collection draws inspiration from Lagerfeld’s career as an accomplished photographer and is described as an artful expression of Karl’s love for photography. Lagerfeld is known […]

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Original Penguin readies a new pop-up store!

Known for its matchless, humorous and detail-oriented clothing, Original Penguin is launching a new pop-up store in Aspen, Colorado. The 800-square-foot pop-up shop will offer a small peek into their newly strategized store concept that is inspired from a harmonious and high spirited aesthetic, which they have decided to aptly call a ‘mid-century quirky’ style. The store design takes its cues from a post-modern theme all the while maintaining their originally iconic Penguin heritage and […]

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Ralph Lauren registers sales drop

Ralph Lauren Corporation, a global leader in the design, marketing, and distribution of premium lifestyle products, has reported its financial results for the fourth quarter and full year fiscal 2017. The retailer’s revenue decreased 16 per cent to US $ 1.6 billion in the quarter; excluding the impact of foreign currency and on a 13-week to 13-week basis, revenue was down 12 per cent to last year. For the quarter reported, international revenue also dropped […]

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Ascena expects specialty retail sector to remain challenging

In response to the rapidly evolving retail environment, Ascena Retail Group, leading retailer of apparel for women, has announced updated third quarter and fiscal year 2017 guidance. It expects comparable sales to be down 8 per cent in the quarter, while for full year, it would down 7 per cent. David Jaffe, President and CEO, commented, “Industry-wide traffic headwinds and a highly elevated promotional environment have persisted at levels significantly above our expectations, resulting in […]

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Hibbett Sports provides business update for first quarter

Hibbett Sports Inc., an athletic specialty retailer, has provided preliminary results for the first quarter ended April 29, 2017. During the quarter, comparable store sales are expected to decrease by approximately 4-5 per cent. The decline in sales, along with additional clearance markdowns, is expected to result in earnings per diluted share in the range of US $ 0.94-0.97. For the full year, earnings per diluted share are expected to be in the range of […]

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L Brands notes 7% decrease in net sales

US-based fashion retailer L Brands has unveiled its financial results for the first quarter ended April 29, 2017. During the period under review, its operating income was US $ 209.2 million compared to US $ 323.4 million last year, and net income was US $ 94.1 million as against US $ 152.3 million in the corresponding quarter last year. The company reported net sales of US $ 2.437 billion for the first quarter, noting a […]

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LVMH bags first position in Deloitte’s Luxury Top 100 Report

European multinational luxury goods conglomerate LVMH, whose portfolio includes Louis Vuitton, Fendi and Céline, and recorded US $ 22.4 billion in sales for the year in review, has bagged top position among 100 luxury companies in the world. The ranking has been given to the company by thee Global Powers of Luxury Goods 2017 report conducted by audit and consulting firm Deloitte. The list has been followed by Swiss Group Richemont (US $ 12.2 billion) […]

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Target reports lower sales

US-based department store retailer Target Corporation has reported better financial reports than its expectations for the first quarter. During the period under review, its comparable sales decline 1.3 per cent, driven by small declines in both traffic and basket size. First quarter GAAP earnings per share (EPS) from continuing operations were US $ 1.22, compared with US $ 1.02 in first quarter 2016, which included US $ 261 million of pre-tax early debt retirement losses. […]

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Border Adjustment Tax: Still an uncertainty for US retailers!

Retail executives in the USA are planning to meet US Treasury Secretary Steven Mnuchin today to share their views on the possible harmful effects of ‘Border Adjustment Tax’ (BAT) on consumers in the country. The proposed BAT would install a 20 per cent tax on imported (but not exported) goods, including those manufactured overseas for US retailers. The 11 executives that will be in attendance hail from JCPenney, VF Corporation, Energizer Holdings, AutoZone Inc., Chico’s […]

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Differential Brands rolls out Q1 financial results

Differential Brands Group Inc. – a portfolio of global premium consumer brands comprised of Hudson Jeans, Robert Graham and SWIMS – has announced financial results for the first quarter ended on 31st March 2017. The company’s sales increased by 19 per cent to US $ 40.1 million during the first quarter, while e-commerce sales grew 46 per cent on Y-o-Y basis. Its wholesale segment increased 22 per cent, whereas 9 per cent increase was noted […]

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