Macy's has appointed Richard A. Lennox as the company’s new Chief Marketing Officer, effective September 15, 2016. In this role, Lennox will have responsibility for Macy's omnichannel market presence and strategy, including brand, promotional, store, digital and events marketing activity. He will report […]

New York & Company said that its second quarter net sales were 232.8 million dollars, as compared to 235.7 million dollars in the prior year. Comparable store sales increased 0.3 percent driven by strength in the company’s ecommerce business and increased royalty and related revenue from its new private […]

Ross Stores earnings per share for the second quarter ended July 30, 2016 of 0.71 dollars witnessed a 13 percent increase on top of an 11 percent gain in the prior year. Net earnings for the current year period grew to 282 million dollars, up from 259 million dollars last year. Sales rose 7 percent […]

Second quarter diluted earnings per share at Gap were 0.31 dollar on a reported basis. The company noted that foreign currency fluctuations negatively impacted the earnings by around 0.05 dollar. Net sales were 3.85 billion dollars compared with 3.90 billion dollars for the second quarter of fiscal […]

Total second quarter revenue at Perry Ellis International was 202 million dollars, a 5 percent decrease compared to 213 million dollars in the second quarter of fiscal 2016. Increased sales across the company's core global brands were offset by 3 percent planned business exits as well as 2 percent reductions […]

The Cato Corporation reported net income of 15.9 million dollars or 0.57 dollar per diluted share for the second quarter ended July 30, 2016, compared to net income of 15.6 million or 0.56 dollar per diluted share for the same quarter last year, representing a rise of 2 percent. Earnings per diluted […]

Comparable store sales at Bon-Ton Stores decreased 2 percent compared with the prior year period. Net loss was 38.7 million dollars or 1.95 dollars per diluted share, compared with net loss of 39.6 million dollars or 2.01 dollars per diluted share, in the second quarter of fiscal 2015. Commenting on […]

Marcia Bernicat, US ambassador to Bangladesh, confirmed at a press conference following a meeting at the headquarters of the Bangladesh Garment Manufacturers & Exporters Association (BGMEA) in Dhaka last week that the US is planning to increase its imports of ready-made garments from Bangladesh. “The […]

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