Net loss decreased to $4.2 million, or a loss of $0.07 per diluted share, in the first quarter. Net sales decreased 2.9% due to decreases in brick-and-mortar, and could not be offset by double-digit e-commerce growth.
Moss Bros had good reason to feel pleased on Friday as the company reported higher sales in the 15 weeks to May 13. Against a backdrop of a tough clothing market it saw strong retail sales and a 14.7% e-tail rise.
Gap Inc reported a surprise rise in quarterly same-store sales on Thursday, the latest sign that the apparel retailer's turnaround plan is working.The company's shares were up 3.9% at $24.1 in trading after the bell.
First quarter sales fell 12.8% and net income fell to $16.3 million, or $0.34 per share. SVP of Finance and CFO Karen Rhoads will retire from her role and will continue to serve on the Board of Directors.
Sports Direct said late on Thursday that it has taken strategic stakes in US-based businesses Iconix and Finish Line as it seeks to "hopefully build a relationship and develop commercial partnerships".
Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as more customers visited the discount retailer and its e-commerce push boosted online purchases.
Mothercare was upbeat on Thursday despite ongoing losses as it feels it has positioned itself for future growth. And key to that growth will be a mix of international expansion and a strong digital focus.
Burberry was upbeat Thursday as it reported annual results for the year to March 31. Christopher Bailey talked of “early success with key revenue drivers” as “newness outperformed,” and it saw mid-teens growth in bags.
L Brands first quarter results exceeded expectations, reporting earnings per share of $0.33 despite falling from $0.52 in the prior year's first quarter. The company increased its earnings expectation for the year.