July 25 (Reuters) - Michael Kors Holdings Ltd :Michael Kors- believes Jimmy Choo brand can more than double its sales to $1 billion annually - conf call.Michael Kors Co-CFO- footwear will go from 11% of Michael Kors' portfolio to 17% upon completion of acquisition of Jimmy Choo- conf call.Michael Kors Co-CFO- expect Jimmy Choo acquisition to be dilutive in a low single digit percent range in both fiscal 2018 and 2019 on a GAAP basis- conf call.Michael Kors - will continue Jimmy Choo management's plan of opening about 10 stores per year in selected markets -conf call.Michael Kors -will look at more acquisitions in the pure luxury space in international markets -conf call.Michael Kors -see opportunity in opening Jimmy Choo retail stores in Asia, especially in China -conf call.Michael Kors - will look to acquire more standalone, artisan brands in the luxury footwear and accessories space -conf call.
July 24 (Reuters) - Hibbett Sports Inc :Hibbett provides business update and announces launch of e-commerce site.Sees q2 loss per share $0.19 to $0.22.Comparable store sales are expected to decrease approximately 10% for q2 ending july 29, 2017.Hibbett sports - decline in sales is expected to result in a loss of $0.19 to $0.22 per diluted share for q2.
July 12 (Reuters) - Aritzia Inc :Aritzia reports strong first quarter 2018 financial results.Qtrly net revenue increased by 14.7% to $145.0 million from $126.4 million in Q1 last year.Q1 same store sales rose 9.3 percent.Q1 adjusted earnings per share C$0.11.Aritzia Inc - Q2 of fiscal 2018 "is off to a strong start, with positive comparable sales results".Aritzia Inc says during Q2, Aritzia plans to open two new stores.Aritzia Inc - continues to see strong momentum online and is expecting substantial growth in its ecommerce business in fiscal 2018.
July 10 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co - terminated discussions regarding a potential transaction.Says company said it does not intend to comment any further on above noted discussions.Abercrombie & Fitch Co - "We believe in prospects for our business and opportunities for our brands".
July 6 (Reuters) - Buckle Inc ::The Buckle, Inc. Reports june 2017 net sales.June sales fell 5.9 percent to $73.6 million.Buckle-Comparable store net sales for 22-week period ended july 1 decreased 10.7 percent from comparable store net sales for 22-week period ended july 2, 2016.Buckle Inc - net sales for 22-week ended july 1, 2017 decreased 10.percent $347.3 million from net sales of $389.2 million for prior year 22-week ended july 2, 2016.Buckle - comparable store net sales, for stores open at least one year, for 5-week period ended july 1 decreased 5.8 percent versus comparable store net sales for 5-week period ended july 2, 2016.
June 21 (Reuters) - TOM TAILOR ::TOM TAILOR HOLDING SE SUCCESSFULLY COMPLETED CASH CAPITAL INCREASE SUPPORTED BY HIGH SUBSCRIPTION RATE FROM SHAREHOLDERS.NET PROCEEDS OF APPROXIMATELY EUR 61 MILLION.PROCEEDS WILL BE USED FOR FURTHER INVESTMENTS IN BRANDS, E-COMMERCE AND OMNI-CHANNEL, REFURBISHMENTS OF STORES AS WELL AS IT STRUCTURES.MAJOR SHAREHOLDER FOSUN FULLY EXERCISED SUBSCRIPTION RIGHTS AND INCREASED STAKE TO 29.99 PERCENT.
June 6 (Reuters) - Lands End Inc ::Lands' End announces first quarter fiscal 2017 results.Q1 loss per share $0.24.Q1 revenue $268.4 million versus $273.4 million.Q1 same store sales rose 2.1 percent.Lands End Inc qtrly gross margin was 45.7% as compared to 47.4% in Q1 last year.Inventory remained flat at $309.9 million as of April 28, 2017 and as of April 29, 2016.Lands End Inc says expect to continue to see improvements in business as co move through remainder of year.
June 1 (Reuters) - Zumiez Inc :Zumiez inc. Announces fiscal 2017 first quarter results.Q1 loss per share $0.18.Q1 same store sales rose 1.8 percent.Q1 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S.Sees q2 2017 sales $185 million to $189 million.Zumiez inc - total net sales for four-week period ended may 27, 2017 increased 6.5% to $53.2 million, compared to $50.0 million for four-week period ended may 28, 2016.Zumiez inc - total net sales for q1 ended april 29, 2017 (13 weeks) increased 4.7% to $181.2 million from $173.0 million.Zumiez inc - sees net loss per diluted share of approximately $0.06 to $0.11 for three months ending july 29, 2017.Zumiez inc - company currently intends to open approximately 19 new stores in fiscal 2017.Zumiez inc - anticipated comparable sales increase in 1% to 3% range for q2 of fiscal 2017.
June 1 (Reuters) - Cato Corp ::Cato reports may same-store sales down 16%.May sales fell 15 percent to $74.2 million.May same store sales fell 16 percent.Cato Corp - as of may 27, 2017, company operated 1,373 stores in 33 states, compared to 1,372 stores in 33 states as of may 28, 2016.Cato Corp - sales for seventeen weeks ended may 27, 2017 were $311.9 million, a 16% decrease.Cato Corp - "our negative sales trends persisted throughout may as we continued to work through our merchandise assortment missteps".
May 31 (Reuters) - Michael Kors Holdings Ltd ::Michael Kors Holdings Limited announces fourth quarter and annual fiscal 2017 results.Michael Kors Holdings Ltd - announces new $1 billion stock repurchase program.Michael Kors Holdings Ltd says announces new $1 billion stock repurchase program.Michael Kors Holdings Ltd says Q4 total revenue decreased 11.2% to $1.06 billion from $1.20 billion in q4 of fiscal 2016.Michael Kors Holdings Ltd qtrly loss per share $0.17.Michael Kors Holdings Ltd qtrly adjusted EPS of $0.73 excluding impairment charges.Michael Kors Holdings Ltd - for q1 of fiscal 2018, company expects total revenue to be between $910 million and $930 million.Michael Kors Holdings - for fiscal 2018, company expects total revenue to be approximately $4.25 billion.Michael Kors Holdings Ltd says for fiscal 2018, company expects comparable sales to decrease in high-single digit range.Michael Kors -in Q4 of fiscal 2017 company recorded impairment charges of $193.8 million primarily related to underperforming lifestyle stores.Sees q1 comparable sales decrease in high-single digit range.Q4 earnings per share view $0.70, revenue view $1.05 billion -- Thomson Reuters I/B/E/S.Michael Kors Holdings Ltd says for fiscal 2018, company sees operating margin is expected to be approximately 16.0%.Michael Kors -intends to improve profitability of its store fleet by closing between 100 and 125 of its full-price retail stores over next 2 years.