*Sees 1st- quarter earnings $0.12- $0.18/ shr vs est $0.41/ shr. March 12- Express Inc forecast profit to slide by more than half in the current quarter, making it the latest U.S. apparel retailer to warn of an ongoing impact from deep discounts and declines in store traffic.» Read More
It's not about the winter; it's about appointment buying, says Charles Koppelman, CAK Entertainment CEO, discussing how the rough winter weather is affecting the retail sector.
Feb 6- Women's apparel retailer Ann Inc, owner of the Ann Taylor and Loft stores, reported fourth-quarter margins that suggested the company did not have to discount heavily in the holiday shopping season. Ann on Thursday estimated sales of $623 million, down from the $640 million it had forecast in November.
Discussing Ralph Lauren's quarterly earnings, margins and fiscal 2014 revenue outlook, with Matthew Boss, JPMorgan retail analyst.
Luxury goods producers are coming under increasing pressure in emerging markets, but while some are worried, others appear more relaxed.
NEW YORK, Feb 2- Jos. A. Bank Clothiers Inc on Sunday rejected yet another offer by rival Men's Wearhouse Inc, the latest in a prolonged acquisition battle between the two men's clothing retailers. In response to Men's Wearhouse offer last week that it is open to sweetening its spurned buyout offer under certain conditions, Jos.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties, bowing to investor pressure to reduce his control over the struggling company.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties and abandoned a plan aimed at blocking hostile buyout bids. The moves come little over a month after the company extended Jeffries' contract by at least a year, ignoring shareholder Engaged Capital LLC's call to replace the CEO.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co said it separated the roles of chairman and chief executive officer and abandoned a plan aimed at blocking hostile buyout bids. The move comes more than a month after shareholder Engaged Capital LLC urged the retailer to replace current Chief Executive Mike Jeffries or sell itself.
TOKYO/ HONG KONG, Jan 27- Japan's Fast Retailing Co Ltd will list in Hong Kong as the operator of the Uniqlo casual clothing chain seeks to raise its Asian profile en route to becoming the world's top apparel retailer by 2020..
CNBC's Courtney Reagan reports upscale retailer Neiman Marcus was the victim of a data breach that could have compromised 1.1 million cards. Hackers installed malware on the stores' payments systems.
Jan 22- American Eagle Outfitters Inc's said its chief executive of two years, Robert Hanson, would leave the company in a surprising move at a time when U.S. teen apparel retailers are struggling to attract shoppers and boost sales.
Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company.
Jan 22- Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company, effective immediately. American Eagle's shares fell 5 percent after the bell. The company named Chairman Jay Schottenstein as interim CEO.
*Expects fourth-qtr net revenue $513 mln- $518 mln, down from $535 mln- $540 mln. *Forecasts earnings of 71- 73 cents/ share, down from 78- 80 cents. Several U.S. apparel retailers including American Eagle Outfitters Inc and Zumiez Inc lowered their forecasts last week as reluctant shoppers forced them to offer steep discounts during the holiday shopping season.
*Raises 2013 earnings/share view to $1.55- $1.65 vs est $1.47. Jan 9- Teen apparel retailer Abercrombie& Fitch Co raised its full-year earnings forecast, citing higher-than-expected sales in the fourth quarter to date.
*Fast Retailing Q1 operating profit up 13 pct at 64 bln yen. TOKYO, Jan 9- Asia's biggest clothing retailer Fast Retailing Co Ltd posted a higher-than-expected first-quarter profit, helped by strong Japan sales at its flagship casual Uniqlo brand which lured thrifty customers with affordable luxury items.
ShopperTrak released its first wide-scale read on the holiday shopping season. CNBC's Courtney Reagan reports the data.
The gifts are all unwrapped. Returns and exchanges have been made. Now it's time to see what really happened during the holiday shopping season.
HONG KONG, Jan 8- Hong Kong shares posted their biggest daily gain in more than seven weeks on Wednesday, with Daphne International leading strong gains for China- focused shoe retailers. The Hang Seng Index ended up 1.3 percent at 22,996.6 points after its biggest one-day rise since Nov. 18.
HONG KONG, Jan 8- Shares of China-focused footwear retailers had strong gains again on Wednesday, helping lift Hong Kong's main benchmark indexes, but mainland Chinese markets slipped close to five-month lows.