The Columbus, Ohio-based apparel group reported an 8% rise in sales in Q1 2018, driven by strong comps at Bath & Body Works, but saw net income fall by half, leading the company to revise down its full year outlook.
Prince Harry and Meghan Markle’s wedding was expected to send retail spending soaring by £195 million, but, independent fashion and apparel stores suffered a 24% decline in sales on Saturday, according to new research.
Mothercare has decided a management buyout is "100 percent not" an option in the future, a source familiar with the matter said on Wednesday, after Bloomberg reported that its CEO had proposed one earlier this year.
Macy's announced Paula Price as its new Chief Financial Officer on Wednesday. Price will lead all finance, accounting, investor relations and internal audit functions and will report to chairman and CEO Jeff Gennette.