Retail
Record net sales by Shoe Carnival
The US-based footwear and accessories retailer has reported results for the first quarter ended on the 30th of April. Record net sales of 260.5 million US dollars were registered
Sales at Nordstrom below expectations
The Seattle-based upscale fashion retailer confirmed that first quarter sales were not in line with expectations, impacting the set of results for the period
Aéropostale fills for bankruptcy
The US-based specialty retailer of casual apparel and accessories for teenagers, has filled for bankruptcy with plans to close around 150 stores in the US and Canada
Burberry posts disappointing sales
The luxury British-based brand reported a 1% decline in total revenue, reflecting negative growth in retail, wholesale and licensing. Such disappointing second-half sales let the company to warn on profit for the current fiscal year
Steve Madden announces stable results
Net sales increased by 1.7% in the first quarter. Net income grew by 1.0% in the same period
Singapore women spend more than 200 000 US dollars on shoes
A survey reveals women spend up to 204 000 US dollars on shoes in their lifetime, with 120 000 US dollars reserved for designer shoes
Sears Holdings to close 78 stores
The Illinois-based group owner of retail store brands Sears and Kmart believes the decision aims to accelerate its transformation and its return to profitability
Under Armour with 30% net revenue growth
The Baltimore–based company announced first quarter results and has raised full year net revenues outlook to 5.0 billion US dollars
Prada’s weak results
According to Bloomberg Prada has failed to meet its own earnings forecasts in 11 of the past 12 quarters. This was aggravated by profit margin shrinking from 27% in 2012 to 14% last year
New Balance voices anti-TPP position
The US-based athletic brand has come out in opposition to the Trans Pacific Partnership, the free trade agreement involving the US and 11 countries from the Pacific region
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