Stein Mart, Inc. reported Wednesday that total sales decreased 2.7 percent to $311.0 million in the second quarter ended July 29, 2017, while comparable store sales decreased 5.0 percent. Ecommerce sales were up 41 percent over last year’s second quarter. Gross margins fell 720 basis...
The Buckle, Inc. saw net sales decrease 7.8 percent to $195.7 million for the 13-week fiscal second quarter ended July 29, 2017 from net sales of $212.2 million for the prior-year period. Comparable store net sales for the 13-week period decreased 7.7 percent. Online sales...
Walmart, Inc. net sales rose 2.1 percent to $123.36 billion in the fiscal second quarter ended July 29. Currency-neutral sales grew 2.9 percent. Wall Street analysts were expecting $123.15 billion in sales. U.S. comparable store sales climbed 1.8 percent, exceeding the 1.7 percent growth expected by the street....
Urban Outfitters, Inc. reported total company net sales for the second quarter of fiscal 2018 were $873 million, a 2 percent decrease as compared to the same quarter last year. Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, decreased 4.9 percent. By...
Target Corporation reported that second quarter sales increased 1.6 percent to $16.4 billion from $16.2 billion in Q2 last year, reflecting a 1.3 percent comparable sales increase combined with the benefit from sales in non-mature stores. Comparable digital channel sales grew 32 percent and contributed...
Wolverine Worldwide has appointed Stewart Whitney as Vice President and Managing Director – Asia Pacific. Stewart will report directly to the International Group President, Nick Ottenwess. As part of the WOLVERINE WAY FORWARD – the company’s holistic transformation effort focused on enhancing near-term and long-term performance...
Crocs, Inc. announced its disagreement with the decision recently issued by the United States Patent and Trademark Office (“USPTO”) relating to one of its many design patents, as well as several subsequent and needlessly dramatic headlines, and its plans to appeal the ruling. Crocs has been...
Timberland celebrated the 25th anniversary of its Path of Service program by kicking off a season of volunteer events around the globe. The events will reinforce the brand’s commitment to be Earthkeepers by working to protect and restore the outdoors and support the communities where...
The TJX Companies, Inc. reported that net sales for the second quarter of Fiscal 2018 increased 6 percent to $8.4 billion and consolidated comparable store sales increased 3 percent on top of last year’s 4 percent increase. Net income for the second quarter was $553...
Cherokee, Inc. has appointed Kimberly Doyle as director of financial reporting and internal controls. In this role, Doyle will be responsible for leading the European-based finance team in Amsterdam. Commenting on the appointment, Jason Boling, chief financial officer of Cherokee Global Brands said, “Kimberly’s extensive experience...