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.
The off-price retailer’s ceo called the gains “respectable.”
The web giant posted big fourth-quarter gains and plans to keep pushing forward ambitiously.
The Victoria’s Secret operator was hit by dismal sales early in the year and it’s seeing some fallout after pulling swim and apparel, but it’s keeping positive on growth potential.
The company beat its own projects for sales and profits in the first quarter.
CFO Jane Nielsen said the company will continue work on the Way Forward Plan in Fiscal 2018 to bring demand back to the business.
Retail, luxury stocks were also down.