Chico’s FAS’ Soma brand posted a double-digit increase in comparable sales in the second quarter, as the Fort Myers, Florida-based apparel retail group reported falling sales and a net loss for the three-month period.
Global shopping malls giant Unibail-Rodamco-Westfield has reported solid results, but its UK operations (the London Westfield malls) suffered from the same problems we heard about at rivals Hammerson and Intu this week.
Adidas shares fell 1.5% on Wednesday on expectations that one of the German sportswear firm's top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its stake, three traders said.
Joules was firing on all cylinders again in the latest year, helped by US and German growth, fast-rising e-tail sales and holding its nerve on pricing, despite a tough backdrop impacting many of its sector peers.
Costco Wholesale Corp on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries.
Payment technology company Global Payments Inc is nearing a deal to acquire peer Total System Services Inc (TSYS) for about $20 billion in an all-stock deal, a source familiar with the matter said on Friday.
Analysts expect fashion retail giant Arcadia to announce its CVA as early as this week with the sale or closure of its business outside of the UK also possible along with the closure of 57 UK stores as sales still fall.