Business
- Regina Henkel |
BACKGROUND On 18th August 1949, founder Adi Dassler's company Adidas was entered into the commercial register. 70 years later, the number of employees worldwide has multiplied from 47 at that time to 57,000 today, and the small business in Herzogenaurach in Franconia, southern Germany, has become a […]
- Prachi Singh |
The Björn Borg AB group’s net sales amounted to 141.7 million Swedish krona (14.7 million dollars) in the second quarter, an increase of 1 percent, while adjusted for currency effects, the company said, sales fell 2.2 percent. The gross profit margin for the quarter decreased to 55.4 percent compared […]
- Prachi Singh |
Dillard’s, Inc., for the 26 week period reported net income of 37.9 million dollars compared to 77.7 million dollars for the prior year comparable period, while earnings per share were 1.46 dollars compared to 2.80 dollars. For its second quarter, the company’s net loss of 40.7 million dollars compared […]
- Prachi Singh |
Ted Baker has entered into a new product licence agreement with Next Plc to expand its childrenswear offerings. The company said that its current childrenswear product relationship with Debenhams will end on February 29, 2020, however, Debenhams will continue to remain a licence partner for lingerie […]
- Simone Preuss |
Everyone wants a slice of the Chinese market - be it in China or through Chinese customers outside their home country as Chinese consumers are still spending, despite the slowing economy and an ongoing trade war with the United States. Spanish department store chain El Corte Inglés - the largest one […]
- AFP |
Chinese e-commerce giant Alibaba said Thursday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States. Revenue for the April-June period rose 42 percent year-on-year to 114.9 billion yuan (16.7 billion dollar), a company statement said, outpacing […]
- Prachi Singh |
Tapestry, Inc. reported net sales of 1.51 billion dollars for the fourth quarter, an increase of 2 percent on a reported basis and 4 percent in constant currency. However, according to Reuters it missed the average analyst expectation of 1.53 billion dollars, as per IBES data from Refinitiv. For the […]
- Prachi Singh |
Board of directors at Gap Inc. has authorized a third quarter fiscal year 2019 dividend of 2425 cents per share, payable on or after October 30, 2019 to shareholders of record at the close of business on October 9, 2019. Gap offers clothing, accessories, and personal care products for men, women, and […]
- Prachi Singh |
Canada Goose Holdings Inc., for the first quarter ended June 2019 reported total revenue increase of 59.1 percent to 71.1 million Canadian dollars (53.4 million dollars) or 58.6 percent on a constant currency basis. Net loss for the quarter was 29.4 million Canadian dollars (22.1 million dollars) or […]
- Angela Gonzalez-Rodriguez |
ANALYSISNew York - Commenting on the The RealReal (Nasdaq: REAL) second-quarter results, the company’s chief executive, Julie Wainwright said: “We are thrilled to report our first quarter as a public company. We generated 51 percent year-over-year revenue growth and 40 percent year-over-year GMV growth […]