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J C Penney CEO -"Have no great optimism we'll be able to swing overall apparel to positive (in 2017)"

Friday, 12 May 2017 10:11am EDT

May 12 (Reuters) - J C Penney Co Inc :On conf call- pleased with Q1 performance in active apparel and dress business, these improvements bode well for the balance of 2017.On conf call- in the process of rolling out 100 new appliance showrooms this month.Focus on pricing analytics, store operations, supply chain, merchandising systems are beginning to help gross margin.Units per transaction and average unit retail were up in Q1.CFO - expect 80 basis points impact to gross margins from store closures in Q2.CFO - expect total inventory to be down atleast 5 percent at end of 2017 from 2016.CEO- will open 70 new Sephora locations in 2017, ending year wth nearly 650 locations.CEO- expanding 24 existing Sephora growing each location by nearly 50% to accommodate more products and client services.CEO- conducting several tests within our home store focus on home services programs.CEO- will offer vastly improved assortment Nike depts in 600 stores, adding women’s Adidas apparel to 400 stores by back to school.CEO- have cut 40 % of supply chain time on private-label brands.CEO- overall apparel performed worse than company's comp sales in Q1, " have no great optimism we'll be able to swing overall apparel to positive (in 2017)".Rolling out single view of inventory for stores and online.

J C Penney CEO -"Have no great optimism we'll be able to swing overall apparel to positive (in 2017)"

Friday, 12 May 2017 10:11am EDT

May 12 (Reuters) - J C Penney Co Inc :On conf call- pleased with Q1 performance in active apparel and dress business, these improvements bode well for the balance of 2017.On conf call- in the process of rolling out 100 new appliance showrooms this month.Focus on pricing analytics, store operations, supply chain, merchandising systems are beginning to help gross margin.Units per transaction and average unit retail were up in Q1.CFO - expect 80 basis points impact to gross margins from store closures in Q2.CFO - expect total inventory to be down atleast 5 percent at end of 2017 from 2016.CEO- will open 70 new Sephora locations in 2017, ending year wth nearly 650 locations.CEO- expanding 24 existing Sephora growing each location by nearly 50% to accommodate more products and client services.CEO- conducting several tests within our home store focus on home services programs.CEO- will offer vastly improved assortment Nike depts in 600 stores, adding women’s Adidas apparel to 400 stores by back to school.CEO- have cut 40 % of supply chain time on private-label brands.CEO- overall apparel performed worse than company's comp sales in Q1, " have no great optimism we'll be able to swing overall apparel to positive (in 2017)".Rolling out single view of inventory for stores and online.

Le Saunda says total sales decline of 17.2 pct in retail business in Q4

Monday, 13 Mar 2017 08:12am EDT

Le Saunda Holdings Ltd <0738.HK>: Q4 of FY 2016/17, group's self-owned retail business recorded a total sales decline of 17.2 pct and a same store sales decline of 15.3 pct . For Q4 of financial year 2016/17, group's e-commerce business recorded a total sales decline of 41.3 pct .Board expects that consolidated profit of group for financial year 2016/17 may decrease by approximately 35 - 40 pct.

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