JCPenney net sales drop 4.3 percent in Q1
6 days ago - By Fashion United
For the first quarter ended May 5, 2018, total net sales at J. C. Penney
Company, Inc. decreased 4.3 percent to 2.58 billion dollars compared to 2.70 billion dollars for the first quarter ended April 29, 2017. The company said, decline in total net sales was primarily the result of the 141 stores that closed in the second and third quarters of fiscal 2017. Comparable sales increased 0.2 percent for the first quarter.
Commenting on the first quarter trading, Marvin R. Ellison, JCPenney's
Chairman and CEO said in a media statement: "During the first quarter, we achieved a positive sales comp...
Read more ...
J.C. Penney Sales Slip
6 days ago - By WWD
J.C. Penney cut its net losses for the first quarter ended May 5 down to $78 million from $187 million in the year-ago period.
But adjusted losses widened to $69 million from an adjusted loss of $2 million a year ago. Adjusted losses account for the sale of operating assets of $17 million this year and $117 million a year ago.
Comparable sales increased 0.2 percent in the first quarter. Total net sales decreased 4.3 percent to $2.58 billion from $2.7 billion a year ago primarily due to the 141 store closings last year.
Marvin Ellison, chairman and chief executive officer said that top line...
Read more ...
The headlines of GlamTouch
Fred Perry Commemorates the 2018 FIFA World Cup With Country Shirts Collection
Fred Perry has chosen to celebrate the upcoming 2018 FIFA World Cup by releasing a themed capsule paying homage to several participating nations. The lifestyle label's 2018...
BlackEyePatch Highlights Its Kanji-Emblazoned SS18 Collection
Returning for Spring/Summer 2018 , emerging Japanese streetwear label BlackEyePatch recently released a lookbook for its latest collection. Unveiling its warm weather...
The Hundreds Teams up With Rawkus Records on a Collaborative Capsule
The Hundreds are back with a brand new collaboration to its name, this time devising a capsule collection alongside Rawkus Records. Boasting joint projects with The Karate Kid...
Meghan Markle Was the Target of a ‘Racist' Chocolate Ad, and People Are Pissed
Meghan Markle ‘s wedding to Prince Harry on Saturday was a moment of celebration-until a German chocolate company ruined her big day by making fun of her skin color in a...
Oscar de la Renta
ODLR Resort 2019 Lookbook
Alert! Nordstrom's Half-Yearly Sale is Back
Nordstrom Half-Yearly Men's Sale Nordstrom is back with its Half-Yearly Sale and its better than ever. The retailer offers up to 40% off regular prices now through June 3...
Announcement: TOMMY ICONS Fall 2018 capsule collection
Virgil Abloh Is Getting His Own Beats 1 Radio Show on Apple Music
Larry Jackson, Apple Music 's content head, took to Louis Vuitton 's Paris headquarters to tease some big news. In an Instagram post, Jackson announced hinted at a forthcoming...
Elite Toronto 2018 Polaroids
The perfect look in the setting Summer sun - Regram from Anna
The perfect look in the setting Summer sun - Regram from Anna Anders in GEORGES HOBEIKA Ready to wear Autumn Winter 2018-19 during the 71st Cannes film festival.