Macy’s, Inc. M reported better-than-expected second-quarter fiscal 2020 results. This omni-channel fashion retailer posted narrower-than-expected loss. Further, the company’s net sales also surpassed the Zacks Consensus Estimate. However, both the top and the bottom lines declined sharply from the year-ago period. Markedly, management highlighted that all three brands namely, Macy’s, […]
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Macy’s got a bigger-than-expected boost online during the latest quarter, even as its stores started to reopen during the coronavirus pandemic. The department store operator’s digital sales surged 53% from a year earlier, as more shoppers visited its website to buy workout clothes and home decor. The company also said luxury […]
(Reuters) – Cosmetics maker Coty Inc (COTY.N) on Thursday posted a bigger-than-expected quarterly loss and a 56% slump in sales, as the coronavirus-induced closure of stores and parlors hammered demand for its beauty products. FILE PHOTO: A trader works at the trading post that trades Coty Inc. on the floor […]
Text size Christopher Lee/Bloomberg Burlington Stores stock overcame early weakness to notch small gains Thursday morning, after the discounter swung to a much smaller-than-anticipated loss in its second quarter, amid Covid-19 closures. Burlington Stores (ticker: BURL) said it lost $46.8 million, or 71 cents a share, compared with a profit […]
Headline loss widens Store sales fall 10%, online picks up Incurs impairment charge of 55.5 mln rand Adds details from statement JOHANNESBURG, Aug 27 (Reuters) – South African retailer Massmart Holdings Ltd MSMJ.J said on Thursday its first-half headline loss widened to 1.1 billion rand ($65.21 million), as sales at […]
(RTTNews) – Bouygues (BOUYY.PK) reported a first half net loss attributable to the Group of 244 million euros compared to profit of 225 million euros, previous year. The Group reported a current operating loss of 132 million euros, compared to profit of 453 million euros. The company said the difference […]
By Nivedita Balu and Melissa Fares © Reuters/BRENDAN MCDERMID The company logo for Nordstrom Inc, is displayed on a screen at the NYSE in New York (Reuters) – Nordstrom Inc reported a bigger-than-expected loss on Tuesday, as the COVID-19 pandemic shut its stores for about half of the reported quarter […]
Adds forecast, shares, background Aug 27 (Reuters) – Australian buy now, pay later (BNPL) firm Afterpay Ltd APT.AX said on Thursday its full-year loss more than halved, as the value of orders processed through its platform in the United States quadrupled during the COVID-19 pandemic. An online shopping boom triggered […]