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 […]

Canadian fashion retailer Aritzia LP is working with banks to prepare for an initial public offering as soon as this year, according to people familiar with the matter quoted by Bloomberg. Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, and Bank of America Corp have been the ones reportedly […]

The TJX Companies’ net sales for the second quarter of fiscal 2017 increased 7 percent to 7.9 billion dollars and consolidated comparable store sales increased 4 percent over last year's 6 percent increase. Net income was 562 million dollars and diluted earnings per share were 0.84 dollar, a 5 percent […]

Dick’s Sporting Goods has reported consolidated net income for the second quarter ended July 30, 2016 of 91.4 million dollars or 0.82 dollar per diluted share, compared to the company's expectations provided on May 19, 2016 of 0.62 dollar to 0.72 dollar per diluted share. Consolidated net income stood […]

London - Luxury online retailer Net-a-Porter has teamed up with Cathay Pacific to launch its debut inflight e-commerce venture. The new partnership sees Net-a-Porter and its male counterpart, Mr Porter, launch their e-commerce platforms on Cathay Pacific A350 aircrafts via its new inflight wifi to offer […]

The H&M group’s sales including VAT increased by 10 percent in local currencies in July 2016 compared to the same month the previous year. The total number of stores amounted to 4,105 on July 31, 2016 compared to 3,649 on July 31, 2015. H&M, founded in Sweden in 1947, retails fashion brands such as […]

Harris Associates has reduced its stake in Prada in a moment when the European luxury retailer fights to keep its turnaround plan on track. The US equity firm first invested in Prada in late 2014. The known as an activist investor, sold more than two million shares in Prada last week, reported ‘The […]

J. C. Penney Company’s comparable sales increased 2.2 percent for the second quarter, delivering a two-year stack of 6.3 percent. Net loss improved 52 percent to 56 million dollars or 0.18 dollar per share versus the prior year. “We are pleased with the sequential improvement we achieved throughout […]

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