Aug 16 (Reuters) - Stein Mart Inc :Stein Mart Inc reports second quarter fiscal 2017 results.Q2 loss per share $0.28.Q2 sales $311 million.Q2 same store sales fell 5 percent.Stein Mart Inc - expect lower inventories will give better margins from lower markdowns primarily in Q4.Stein Mart Inc - now expecting to close six stores in 2017.Stein Mart Inc - qtrly total sales decreased 2.7 percent.
Aug 15 (Reuters) - Urban Outfitters Inc :Urban Outfitters reports Q2 results.Q2 earnings per share $0.44.Q2 sales $873 million versus I/B/E/S view $861 million.Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Urban Outfitters Inc qtrly comparable retail segment net sales, which include comparable direct-to-consumer channel, decreased 4.9 percent.Urban Outfitters Inc - as of July 31, 2017, total inventory decreased by $2 million, or 0.6 percent, on a year-over-year basis.Urban Outfitters Inc - total company net sales for Q2 of fiscal 2018 were $873 million, a 2 percent decrease as compared to same quarter last year.Urban Outfitters - by brand, in quarter comp retail segment net sales increased 2.9 percent at Free People, but decreased 7.9 percent at Urban Outfitters.Urban Outfitters - Q2 comparable retail segment inventory decreased 4.6 percent at cost, which was partially offset by inventory to stock non-comparable stores.
Aug 4 (Reuters) - Tic Tac International Holdings Co Ltd <1470.HK>:Acquisition of 70.625% interest in Tic Tac International Holdings Company Limited by offeror.Pursuant to deal, offeror being Prosper One Enterprises to acquire, and co to sell sale shares.Deal for HK$534.4 mln.Deal valued at about offer price of HK$0.9458 per offer share.Application has been made for resumption of trading in shares with effect from 9:00 a.m. On 4 august.
Aug 4 (Reuters) - Orotongroup Ltd :Orotongroup has entered into a binding agreement with Gap Inc to discontinue Gap franchise business in Australia.Company is currently working through details of closure plan, it is too early to quantify financial impact."This decision will end group's future investment in franchise, limiting related future losses".
Aug 3 (Reuters) - Buckle Inc ::The Buckle, Inc. Reports July 2017 net sales.Quarterly sales fell 7.8 percent to $195.7 million.July sales fell 9 percent to $60.6 million.Buckle inc - comparable store net sales, for stores open at least one year, for 4-week period ended July 29, 2017 decreased 8.4 percent.Buckle-comparable store net sales for 13-week q2 ended July 29, 2017 down 7.7 % versus comparable store net sales for 13-week period ended July 30, 2016.
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".