Comps declined at Chico’s, White House Black Market; up slightly at Soma.
One of the agreements allows Sears the option to further extend the maturity of a loan to July 2018.
The decline in food stamp participants has weighed on sales trends at some discounters and dollar stores.
Fennell stepped down as creative director in 2009 and ceased to be involved in any operational management. Instead, he took on more of an ambassadorial role and consulted on design.
Ceo David Levin took discussion of first-quarter results as an opportunity to argue the health of the transitioning business after being put on a default risk list by S&P.
Retail, luxury stocks were mostly on the rise.