Retail
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Dick's Sporting Goods consolidates sales
The Pittsburgh-based sporting goods retailer announced results for the first quarter ended on the 4th of May. Net sales for the first quarter of 2019 increased by roughly 1%
Timberland to open 30 stores in Europe
The company is part of VF Corporation's portfolio and is planning a heavy investment in Europe next year. 25 to 30 new stores might be on the pipeline for the region, in a combination of franchise and own stores
France to ban destruction of unsold goods
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods
Stein Mart to install Amazon pick-up lockers
Amazon customers will soon be able to receive delivery of their orders at nearly 200 Stein Mart stores across 28 states. The giant ecommerce player has been focusing on some similar initiatives
Shawn Gensch as JCPenney's Chief Customer Officer
The US-based department store chain announced Shawn Gensch, a highly accomplished executive with 25 years of experience in marketing and finance, as Chief Customer Officer, effective from June onwards and reporting directly to CEO Jill Soltau
DSW with strong start to the year
The Ohio-based retailer has announced double-digit increases in both revenue and earnings for the first quarter of the new fiscal year
Shoe Carnival posts decline in sales
The Indiana-based retailer announced first quarter results and confirmed the difficult start of the year. February was a bad month, but Easter represented a positive change in sales
Burlington Stores announces succession plan
The New-Jersey based off-price department store retailer announced a series of managerial changes as part of their succession plan
Harrods: world’s best performing luxury department store
The famous 170-years old luxury department store has proven its deep-rooted experience in the retail arena and scored in first ahead its competition
Kohl’s expands network of Amazon returns
Amazon customers will now have free, easy returns in all Kohl’s stores. The new functionality will be rolled out to all network of Kohl's locations this summer
Tapestry consolidates growth in sales
The New York-based luxury house has announced third quarter results. Sales increased by 1% in the period, consolidating previous sales growth, and the management continues pleased with the results achieved
Hermès with acceleration in sales
In the first quarter of 2019, the group's consolidated revenue amounted to 1 610 million US dollars, up by 16% at current exchange rates and by 12% at constant exchange rates, thanks to dynamic sales growth in group stores (+13% at constant exchange rates)
We made Coach cool again
The words are from Victor Luis, the man taking the reins of the Tapestry group, which announces itself as the first New York–based House of Modern Luxury Lifestyle Brands. The group's portfolio of brands includes Coach, Stuart Weitzman and Kate Spade
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