INTERVIEW An Australian company has come up with an innovative way to make cellulose-based fabrics such as rayon and viscose. Instead of using chemicals to extract cellulose from cotton, trees or bamboo, Nanollose lets a bacteria called Acetobacter Xylinum eat agricultural waste (their initial run used […]

Debenhams has suffered its worst daily decline, with its share value dropping just over 21 percent - totalling 17 million pounds - on 14 November, as UK retailers continue to struggle in the turbulent UK retail environment. This comes just a day after the news emerged that owner of Sports Direct, Mike […]

The Björn Borg Group’s net sales for the third quarter amounted to 203.1 million Swedish krona (22.4 million dollars), a decrease of 1.3 percent, while adjusted for currency effects, sales decreased by 6.1 percent. As of January 1, 2018 footwear distribution in Denmark is managed by a licensee, revenue […]

Nike, Inc. has announced that its board of directors approved a quarterly cash dividend of 0.22 cents per share on the company’s outstanding Class A and Class B Common Stock, an increase of 10 percent versus the prior quarterly dividend rate of 0.20 cents per share. The company said this dividend is […]

Board of directors of Gap Inc. has authorized a fourth quarter fiscal year 2018 dividend of 0.2425 cents per share, payable on or after January 30, 2019 to shareholders of record at the close of business on January 9, 2019. Gap offers clothing, accessories, and personal care products for men, women, […]

American family footwear retailer Shoe Carnival said on Thursday its Q3 revenue for 2018 slid 6.4 percent but comparable sales increased 4.5 percent. Net income increased by 9.1 percent from the same period last year. The company’s sales in Q3 2018 were 269 million US Dollars, down from 287 million […]

American fashion retailer Nordstrom said on Thursday its Q3 revenue for 2018 increased by 3 percent. Net earnings for the quarter slid to 67 million US Dollars from 114 million US Dollars for the same quarter last year. The company’s sales in Q3 2018 were 3,648 million US dollars, up from 3,541 million […]

Tapestry, Inc. has declared a quarterly cash dividend of 0.3375 cents per common share payable on December 31, 2018 to shareholders of record as of the close of business on December 7, 2018. For its first quarter, Tapestry's revenue rose by 7 percent to 1.38 billion dollars, while net income for the […]

For its fiscal third quarter, J. C. Penney Company, Inc. announced comparable sales decrease of 5.4 percent, while net loss for the quarter was 151 million dollars or 0.48 cents per share. For the third quarter, total net sales decreased 5.8 percent to 2.65 billion dollars and reflecting the calendar […]

For the third quarter, Dillard’s reported net income of 7.4 million dollars or 0.27 cents per share, compared to 14.5 million dollars or 0.50 cents per share, for the prior year third quarter. Net sales for the quarter were 1.419 billion dollars compared to 1.355 billion dollars, last year. Total merchandise […]

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