REPORT Adjusted earnings per share at L Brands, for the first quarter ended May 2, 2015, increased 15 percent to 0.61 dollars compared to 0.53 dollars for the quarter ended May 3, 2014. First quarter operating income increased 11 percent to 371.8 million dollars compared to 336.1 million dollars last […]

REPORT Target Corporation, for the first quarter reported adjusted earnings per share from continuing operations of 1.10 dollars, up 19.6 percent from 0.92 dollars in 2014. GAAP EPS from continuing operations were 1.01 dollars, compared with 0.89 dollars in first quarter 2014. “We’re pleased with our […]

REPORT American Eagle Outfitters reported EPS of 0.15 dollars for the first quarter ended May 2, 2015, an increase from EPS of 0.02 dollars for the comparable quarter last year, and above EPS guidance of 0.09 dollars to 0.12 dollars. Total net revenue increased 8 percent to 700 million dollars from […]

REPORT Burberry delivered a strong financial performance in FY 2015, with underlying growth of 11 percent in revenue and 7 percent in adjusted profit before tax. Revenue in menswear increased by 10 percent underlying. Retail significantly outperformed wholesale, where repositioning continued in the […]

REPORT Net sales for the first quarter of fiscal 2016 at the TJX Companies increased 6 percent to 6.9 billion dollars, and consolidated comparable store sales increased 5 percent. Net income for the first quarter was 475 million dollars, and diluted earnings per share were 0.69 dollars, an 8 percent […]

REPORT Dick’s Sporting Goods, for the first quarter ended May 2, 2015 said that its consolidated net income was 63.3 million dollars or 0.53 dollars per diluted share. Consolidated non-GAAP net income stood at 61.3 million dollars, or 0.50 dollars per diluted share. On a GAAP basis, consolidated net […]

London - Although Chinese e-commerce giant Alibaba is no stranger to being accusations concerning counterfeiting, the company has stepped forward and denounced a lawsuit filed last week by luxury conglomerate Kering, which claimed the Internet titan was encouraging and profiting from the sale of falsified […]

Ascena Retail Group (ASNA) has acquired Ann Inc. (ANN), owner of the Ann Taylor and Loft brands and retail stores, for about 2.16 billion dollars. The deal is expected to be finalised in the second half of this year and will be financed through bank debt. Ascena announced it will acquire Ann for 47 […]

REPORT Urban Outfitters announced a net income of 33 million dollars for the three months ended April 30, 2015 and earnings per diluted share of 0.25 dollars. Total company net sales for the first quarter increased 8 percent over the same quarter last year to 739 million dollars. Comparable retail segment […]

New York favourite handbags maker Kate Spade and Everpurse, a Chicago start up that makes handbags capable of charging your phone, have signed a deal to develop a line of tech-friendly bags. Everpurse was able to raise more than 230,000 dollars in 2012 via Kickstarter for its first line of phone charging […]

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