Inc news and archive

TJX Companies Q3 revenues jump 12 percent

American retailer of apparel and home fashion TJX Companies said on Tuesday its Q3 revenue for 2018 increased by 12 percent, while consolidated comparable store sales increased 7percent. Net income was 762 million US Dollars and diluted earnings per share were 0.61 cents, versus the prior year's 0.50 cents. Excluding a 0.09 cents benefit due to...

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Skechers Q3 revenues increase 7.5 percent

American shoe maker Skechers said on Thursday that its Q3 revenue for 2018 increased 7.5 percent. Profit dropped by 1.7 percent from the same period last year. The company’s sales in Q3 2018 were 1,17 billion US dollars, up from 1,09 billion US dollars a year earlier, while net earnings declined to 90.7 million US dollars. The profit margin of...

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TJX Companies Q2 revenues increase 11.6 percent

American retailer of apparel and home fashion TJX Companies said on Tuesday its Q2 revenue for 2018 increased 11.6 percent. Net income increased by 33.9 percent from the same period last year. The company’s sales in Q2 2018 were 9,331 million US Dollars, up from 8,358 million US Dollars a year earlier. Net income increased to 739 million US...

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JCPenney’s Q2 net loss widens to 0.32 dollar per share

J. C. Penney Company, Inc. has said that for its fiscal second quarter ended August 4, 2018, comparable sales increased 0.3 percent and net loss for the quarter was 101 million dollars or 0.32 dollar per share compared to a net loss of 48 million dollars or 0.15 dollar per share in the same period last year. Total net sales for the quarter...

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Skechers Q2 profits fall 23.9 percent

American shoe maker Skechers said on Thursday its Q2 net profit for 2018 fell by 23.9 percent, while revenues increased by 10.6 percent from the same period last year. Hover over the graph to learn more. The company’s net profit for Q2 2018 was 45.3 million US dollars, down from 59.5 million US dollars a year earlier. Revenues rose to 1,134.8...

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Express expected to post 1.9 percent yearly growth

Equities research analysts expect Express, Inc. (NYSE:EXPR) to announce 691.56 million dollars in sales for the current quarter. Zacks reports that several analysts estimate Express’ earnings to come in between 668.70 million dollars to 713.40 million dollars. Express reported sales of 678.78 million dollars during the same quarter last year,...

RetailFeatured

Forever 21 takes steps after payment card security risk

Forever 21, Inc. has discovered more information about the payment card security incident that happened a few months ago. After the mishap on November 14 in 2017, Forever 21 made various changes and took several measures on the matters. Since 2015, the retail giant used an encryption technology for its payment processing system. The company...

Fashion

Karl Lagerfeld launching bridal jewellery

Karl Lagerfeld is to launch bridal jewellery in the UK, US, Canada and Australia, after entering into a licensing agreement with American jewellery manufacturer Frederick Goldman, Inc. The jewellery design will all be under the creative director of the Karl Lagerfeld fashion house and will feature engagement and wedding rings, all of which will...

Apparel

Nordstrom up by 14.7% in March'12

Nordstrom, Inc. reported an 8.6 percent increase in same-store sales for the five-week period ended March 31, 2012 compared with the five-week period ended April 2, 2011. Preliminary total retail sales of $1.03 billion for March 2012 increased 14.7 percent compared with total retail sales of $897 million for the same period in fiscal 2011....

Apparel

Macy's, Inc. same-store sales rise 7.3%

Macy's, Inc. has reported total sales of $2.358 billion for the five weeks ended March 31, 2012, an increase of 6.9 percent compared with total sales of $2.206 billion in the five weeks ended April 2, 2011. On a same-store basis, Macy's, Inc. sales were up 7.3 percent in March 2012 as compared to March 2011. For the year to date, Macy's, Inc.'s...