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Ascena Retail sees Q1 profit dip on fewer stores

2018-12-11 12:20:00| Daily apparel & textile news and comment - from just-style.com

US women's wear retailer Ascena Retail Group has reported a slight dip in earnings and sales for the first quarter on the back of fewer stores as part of an ongoing optimisation programme and increased expenses.

Tags: stores retail profit fewer


Gerry Weber to close 230 stores as FY earnings plummet

2018-12-10 13:27:00| Daily apparel & textile news and comment - from just-style.com

Struggling German fashion retailer Gerry Weber has announced it will close 230 stores and cut its workforce, warning it expects a "significant loss" in earnings for the full year fuelled by restructuring costs, depreciation and write-downs.

Tags: close stores earnings weber


Beleaguered Crawshaws meat retailer stores sold in deal

2018-12-03 11:59:07| BBC News | Business | UK Edition

A struggling meat retailer operating across the Midlands and north of England is sold for 1.4m

Tags: stores deal sold meat


Ikea plans to hire thousands of staff for small stores

2018-11-21 12:35:26| BBC News | Business | UK Edition

The Swedish furniture firm plans 11,500 new posts, but makes cuts elsewhere in a business revamp.

Tags: small staff stores plans


Underperforming Gap brand stores to close as sales slide

2018-11-21 11:49:00| Daily apparel & textile news and comment - from just-style.com

Hundreds of store closures could be on the way at Gap Inc as CEO Art Peck says the firm is appraising the namesake brand locations that are "dragging down" the business. His comments come after the segment reported a 7% drop in third-quarter comparable sales.

Tags: close sales stores brand


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