Sports Direct, the retailer founded by Newcastle United owner Mike Ashley, faces a highly likely exit from the FTSE100 on Wednesday when the quarterly review of the benchmark index’ members is announced. In barely five months, various profit warnings, declining sales and a series of labour and public […]

N Brown is confident its new model of accounting will help boost its profits in fiscal year 2016 and fiscal year 2017. The new accounting "in no way affects the way in which we have operated or will operate our business." The Manchester-based online, catalogue and high street plus-size fashion retailer […]

REPORTGlobal Brands Group Holding, in its second interim results for the 12 months ended December 31, 2015 has said that its overall turnover stood at 3,423 million dollars, compared to 3,454 million dollars for the same period in 2014. “The financial performance we achieved for 2015 despite a challenging […]

REPORTGeox announcing its 2015 financial results said that consolidated net sales increased by 6.1 percent to 874.3 million euros (965.1 million dollars). EBITDA was 61.8 million euros (67.5 million dollars), 7.1 percent of sales, compared to 42.6 million euros (46.5 million dollars) of 2014. “I am […]

ANALYSISGap shares closed down on Thursday after the retailer issued a disappointing full-year earnings outlook. In an attempt – failed – to cheer its stock, the retailer announced a new one billion dollars buyback plan. As a consequence of the outlook, weaker than expected, the stock got punished. […]

REPORTFoot Locker reported net income of 158 million dollars for the 13 weeks ended January 30, 2016, which equates to earnings of 1.14 dollars per share, an increase of 13 percent. For fiscal year 2015, the company reported net income of 541 million dollars, or 3.84 dollars per share. On a non-GAAP […]

In the past financial year 2014/15 from November 1, 2014 to October 31, 2015, consolidated sales revenues of Gerry Weber International amounted to 920.8 million euros (1,017.8 million dollars), while earnings before EBIT totaled 79.3 million euros (87.6 million dollars). The company will propose a dividend […]

REPORTGap reported adjusted diluted earnings per share of 0.57 dollar for the fourth quarter of fiscal year 2015 and 2.43 dollars for fiscal year 2015. On a reported basis, the company’s diluted earnings per share were 0.53 dollar for the fourth quarter and 2.23 dollars for fiscal year 2015. The company […]

REPORTJ. C. Penney Company reported comparable store sales grew 4.1 percent for the fourth quarter and 4.5 percent for the full year. The company said that combination of strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of 715 million […]

ANALYSISThe struggling US retailer reported Thursday its figures for its fiscal fourth quarter. The retailer also issued its fiscal 2016 earnings guidance, which came at the lower end of the company’s estimates. Aimed to keep the stock’s value, Kohl’s will see 18 stores close in the first half of 2016. […]