It was another not-so-pretty quarter for J.Crew. The preppy clothing retailer announced that total revenue for its second quarter was down 4 percent to $569.8 million, or a loss of $8.6 million. J.Crew CEO Mickey Drexler attributed the disappointing quarter to a “challenging traffic environment.” Still,...
For Verifone, EMV has proven to be the payments equivalent of an earnings albatross — at least, for the near term. The payments tech firm said on Thursday (Sept. 1) that its projections for the quarter that ends this October will be lower than expected, as EMV...
Abercrombie & Fitch appears to be another teen retailer that has seen better days, as the company reported that Q2 2016 sales fell 4 percent when compared to the same quarter last year to $783.2 million. This marks Abercrombie & Fitch’s 14th straight quarter that saw...
Williams-Sonoma enjoyed strong growth in online sales in the second quarter of 2016, a boost of 5.2 percent, while profits for the rest of its brands were mostly flat, according to Internet Retailer. So, now, Williams-Sonoma says it will focus more of its efforts and...
Yelp shocked analysts with strong Q2 earnings. Yelp’s mission to connect active consumers with great local businesses through its crowdsourced review platform had been stymied one year ago. Yelp’s renewed success is partly due to its increasing appeal among mobile users and its recent advancements...
JCPenney is back on the path to profitability. According to Reuters, the department store’s quarterly losses more than halved as JCPenney cut costs and saw higher sales of footwear and home goods in its stores (plus beauty products, thanks to sales at Sephora outlets in...
Few along the Apple logistics chain are escaping the ripple effect from slumping iPhone sales. The iPhone assembler Foxconn Technology Group reported disappointing net profits for Q2 that were below analysts’ expectations. A saturated iPhone market, stalled sales as consumers anticipate the latest iPhone model,...
Apple isn’t the only one feeling the pain from a decline in demand for iPhones — so is its assembler, Foxconn Technology Group, formerly known as Hon Hai Precision Industry Co. On Thursday (Aug. 11), Foxconn reported second quarter net profits that were down 31 percent compared to the...
Alibaba’s results came in above the Street, rather nicely, demonstrating that mobile sales for the Chinese eCommerce player are picking up traction and boosting margins. The company’s stock moved up mid single digit percentages Thursday as a result. A boost in both the number of users...
