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 […]

Target Corporation reported comparable sales decrease of 1.1 percent and GAAP earnings per share (EPS) from continuing operations of 1.07 dollars, a decrease of 11.6 percent for the second quarter 2016. Adjusted EPS, which excludes 161 million dollars of pre-tax early debt retirement losses, were 1.23 […]

J. C. Penney Company has announced a three-year growth plan and its financial expectations for improved performance beyond 2017. In light of these sales and profit enhancing initiatives, the company expects compounded annual comparable sales growth to be 3 percent; gross margin improvement of 75-100 […]

Earnings per share at L Brands for the second quarter ended July 30, 2016, were 0.87 dollar compared to 0.68 dollar for the quarter ended August 1, 2015. Second quarter operating income increased 1 percent to 408.2 million dollars compared to 402.9 million dollars last year, and net income was 252.4 […]

The Children’s Place has said that its net sales increased 1.4 percent to 371.4 million dollars in the second quarter of 2016. The quarter included the negative impact of approximately 1.7 million dollars from currency exchange rate fluctuations. On a constant currency basis, net sales were 373.1 million […]

StockX, a Detroit-based Dan Gilbert portfolio company, has just announced its plans to expand beyond the high-demand limited-edition items, said Tuesday that it is expanding beyond the sneakers resale market. Following the new plan, the retailer will now offer the limited-edition Fourth of November […]

Urban Outfitters announced net income of 77 million dollars and 106 million dollars for the three and six months ended July 31, 2016, respectively. Earnings per diluted share were 0.66 dollar and 0.91 dollar for the three and six months, respectively. Total company net sales for the second quarter increased […]

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