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US Q1 in brief: Lululemon, Burlington Stores, Sears, J Crew

2015-05-22 12:02:00| Daily apparel & textile news and comment - from just-style.com

First quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. Lululemon's earnings beat analyst expectations, while Burlington's earnings soared on robust gross margin expansion. Sears Holdings recorded an improvement with net losses narrowing thanks to cost cutting efforts, while J Crew revealed a wider net loss due to the under-performance of its women's wear division.

Tags: j stores crew burlington

 

Bill allowing 3 Tesla car stores clears Connecticut House

2015-05-22 06:15:08| Auto Dealers - Topix.net

A bill that would allow car-maker Tesla Motors to sell its electric vehicles directly to Connecticut consumers, but in a limited fashion, passed the state House of Representatives on Thursday. Back in March, the California-based company suggested five stores as a possible compromise with the Connecticut Automotive Retailers Association, which opposed an original proposal to allow unlimited direct sales.

Tags: house car stores bill

 
 

NSA planned to infect Samsung, Google app stores with spyware

2015-05-21 22:29:29| Extremetech

A new report highlights how the NSA tried to break into Android's App store as well as Samsung's custom version. The goal? Distribute malware to targeted smartphones in the guise of app updates.

Tags: google stores samsung planned

 

Macys Tests Off-Price Concept with 4 Pilot Stores

2015-05-21 14:00:00| National Real Estate Investor

Macys Inc. has dipped its toe in the off-price business with four pilot stores in metro New York City. The stores, which will operate under the Macys Backstage banner, will average about 30,000 sq. ft. They will open this fall. read more

Tags: stores tests concept pilot

 

Stage Stores narrows Q1 net loss

2015-05-20 14:05:35| Daily apparel & textile news and comment - from just-style.com

US department store retailer Stage Stores has narrowed its net loss in the first quarter and reiterated its guidance for the full year.

Tags: net stores loss stage

 

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