Edition:
United States

Apparel & Accessories Retailers

Page 2

Tasaki & announces outcome of takeover bid

Friday, 12 May 2017 02:25am EDT

May 12(Reuters) - Tasaki & Co Ltd <7968.T>:Says a Tokyo-based investment company (the acquirer), which is mainly engaged in management of consulting business, acquisition, holding and sales of marketable securities acquired 11.6 million shares of the company during the period from March 27 to May 11.Acquisition price at 2,205 yen per share.Settlement date is May 18.Says the acquirer will hold 83.8 percent voting rights in the company after the transaction.

Adler Modemaerkte Q1 revenue up at EUR 108.7 mln

Thursday, 11 May 2017 01:31am EDT

May 11 (Reuters) - ADLER MODEMAERKTE AG ::Q1 GROSS PROFIT IMPROVED FROM EUR 50.5 MILLION TO EUR 52.7 MILLION.AS IS TYPICALLY CASE WITH ITS BUSINESS MODEL, ADLER WILL ALSO NOT BEGIN TO GENERATE A PROFIT IN 2017 UNTIL SECOND HALF OF FINANCIAL YEAR.Q1 EBITDA IMPROVED SIGNIFICANTLY FROM EUR -16.6 MILLION IN PREVIOUS YEAR TO EUR -12.5 MILLION..Q1 REVENUE BY 3.2 PERCENT TO EUR 108.7 MILLION VERSUS EUR 105.3 MILLION YEAR AGO.EBIT ALSO INCREASED SIGNIFICANTLY FROM EUR -20.6 MILLION IN PREVIOUS YEAR TO EUR -16.7 MILLION IN Q1 2017.FORECAST FOR FULL YEAR 2017 CONFIRMED.

Hong Kong Resources says unit entered into S&P agreement

Tuesday, 2 May 2017 07:49am EDT

May 2 (Reuters) - Hong Kong Resources Holdings Co Ltd <2882.HK>::Perfect Ace Investments Limited and Limin Corporation have entered into a sale and purchase agreement.After completion of agreement Weltrade will be representing approximately 27.83 pct of entire issued share capital of co.Perfect Ace Investments agreed to sell and Weltrade agreed to purchase 980.2 million ordinary shares in company.Parties entered into sale and purchase agreement with Weltrade Limited.

New Art to set up split preparatory company

Friday, 28 Apr 2017 04:57am EDT

April 28 (Reuters) - New Art Co Ltd <7638.T>:* Says it will set up split preparatory company on May 10.* Says it will restructure the company into a holding company.

REG-URBN announces changes to store leadership

Thursday, 27 Apr 2017 04:30pm EDT

April 27 (Reuters) - Urban Outfitters Inc :REG-URBN announces changes to store leadership.Urban Outfitters - estimate total one-time costs related to this project will be approximately $8 million incurred over first and second quarters of 2018.Sees total future annualized savings related to this project to be approximately $25 million.Says URBN's brands are moving to a more streamlined store leadership structure.

Larry Jewelry clarifies on resignation of Luk Kee Yan Kelvin as exec director

Friday, 21 Apr 2017 09:05am EDT

April 21 (Reuters) - Larry Jewelry International Co Ltd <8351.HK> ::Luk Kee Yan Kelvin then executive director, was arrested by independent commission against corruption of hong kong on 19 april 2017.Board considers that arrest of Luk By Icac is not related to group, it has no material adverse impact to group.Considers arrest of luk by icac is not related to group and says business and operations of group will remain normal.Luk arrested related to his "alleged personal involvement in transaction of one of clients of Roma Group".Refers to resignation of Luk Kee Yan Kelvin as an executive director of company with effect from 20 april 2017.

Cato reports March same-store sales down 21 pct

Thursday, 6 Apr 2017 07:00am EDT

Cato Corp : Cato reports march same-store sales down 21% . March sales fell 22 percent to $93.2 million . March same store sales fell 21 percent . Cato Corp says "expect current sales headwinds to continue as we work through our merchandise assortment missteps" . Cato Corp says during month of March, company opened two stores and relocated one store .Cato Corp says march sales were negatively impacted by shift of Easter from march last year to April this year.

Kappahl Q2 operating profit tops forecasts

Thursday, 6 Apr 2017 01:30am EDT

Kappahl AB (Publ) : Says operating profit improved and was SEK 47 (31) million for quarter . Q2 gross margin 58.9 percent . Q2 sales in comparable stores +1.9 percent . Q2 gross margin was positively affected by continued work on pricing and campaign strategies percent .Reuters poll: Kappahl Q2 op profit was seen at SEK 43 million, comparable sales at +1.8 percent, gross margin at 58.8 pct.

Bebe Stores says committed to close 21 Bebe Store locations - SEC Filing

Wednesday, 5 Apr 2017 05:49pm EDT

Bebe Stores Inc : Bebe Stores Inc - On March 28, 2017, Bebe Stores, Inc. committed to close 21 Bebe Store locations - SEC Filing . Continuing to explore options with respect to its remaining stores .Bebe Stores - Co to incur impairment charge related to closed stores of about $2.0 million, will make termination payment to landlord of about $7.4 million.

NEW ART plans transition to holding company structure

Friday, 31 Mar 2017 04:46am EDT

NEW ART Co Ltd <7638.T> :Says it plans to transfer its jewelry and art business to its wholly owned subsidiary (successor preparatory company) and restructure itself into holding company, effective Oct. 1.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary