Vera Bradley Inc : Has delayed October 2016 planned conversion of its digital flagship, verabradley.com, to a new platform . Conversion delay could impact company's ability to generate positive comparable store sales in Q4 of fiscal 2017 . Does not expect delay to have a material impact on diluted earnings per share for Q4 or fiscal year ended January 28, 2017 . Because of upcoming holiday season, digital flagship conversion will now be launched in Q1 of fiscal 2018 . Postponement of verabradley.com to new platform is related to delays in completing integration of new website platform with existing systems .Contributing factor to delay in planned conversion of its digital flagship is data security issue.
Descente Ltd <8114.T> : Says it plans to set up a wholly owned subsidiary Descente Japan Ltd in Osaka, as successor preparatory company in mid-Sep. .Says it plans to transfer its Japan-based business to the newly established unit, effective on April 1, 2017.
Sinoer Men's Wear <002485.SZ>:Says it will dissolve five branches in Qingdao, Liaocheng, Laiwu, Xuzhou and Hefei.
Yamato International Inc <8127.T> : Says 38 employees took up the offer of the early-retirement program announced on May 26 . Effective date of retirement is July 31 . A premium will be added to the normal retirement allowance of eligible applicants .Says eligible applicants will also have the option to receive job-placement assistance.
Charle Co Ltd <9885.T> :Says it completes liquidation of its wholly owned international trading unit located in Shanghai, China, on July 7.
Italia Independent Group SpA : Reported on Sunday Q1 turnover of 8.2 million euros ($9.05 million), down 18.5 percent year on year . Says the trend of revenues in the months of April and May did not make up for the first quarter slowdown . Is taking into consideration to incorporate its wholly owned unit Italia Independent SpA . Board plans capital increase of up to 15 million euros . Up to 5 million euros of the planned capital increase will be offered to shareholders via rights issue .Majority shareholder Lapo Elkann commits to subscribing to all the shares that may not be subscribed in the capital increase.
Auden AG :Almost finalizes realignment and expects positive net income in 2016.
Ralph Lauren Corp : Expects its fiscal 2017 restructuring activities to result in approximately $180-$220 million of annualized expense savings . Expense savings are related to its initiatives to streamline organizational structure and rightsize its cost structure . Expects to incur restructuring charges of up to $400 million as a result of fiscal 2017 restructuring activities and up to a $150 million inventory charge . Sees consolidated net revenues for fiscal 2017 to decrease at a low-double digit rate . Operating margin for fiscal 2017 is currently anticipated to be approximately 10 percent . Capital expenditures are expected to be approximately $375 million in fiscal 2017 . Sees Q1 consolidated net revenues to decline at a mid-single digit rate-single digit rate . Operating margin for Q1 of fiscal 2017 is expected to be approximately 110-160 basis points below comparable prior year period . Q1 revenue view $1.56 billion -- Thomson Reuters I/B/E/S . FY 2017 revenue view $7.10 billion -- Thomson Reuters I/B/E/S . Will evolve its product, marketing and shopping experience . Will evolve its operating model by significantly reducing supply chain lead times . Will also rightsize cost structure and implement an ROI-driven financial model to free up resources . New plan includes strengthening leadership team and creating a more nimble organization by moving from an average of 9 to 6 layers.
Yamato International Inc <8127.T>: Says the co will offer an early-retirement program to employees, who are above 45 years old to 59 years old as of May 26 . Says offering period from June 20 to July 8 . Says the company expects 40 employees to take up the offer . Says the employees who take up the offer will retire on July 31 .The company will provide retirement payment and outplacement support to the retiring employees.