Saddled by currency exchange costs and the lingering impact of the West Coast port shutdown, Gap Inc. posted an eight percent decline to first quarter profits.
— May 21, 2015
The proxy battle gets uglier between the retailer and the activist group.
— May 20, 2015
Firm’s first-quarter earnings up 59.6 percent on a 5 percent sales increase.
Comps and gross margins helped drive first-quarter results.
Retailer easily beats first-quarter profit and revenue expectations.
The results marked M&S’s first underlying pre-tax profits rise since 2011.
Stage Stores Inc. narrowed its loss in the first quarter on a same-store sales decline of 1.1 percent, but reported robust direct-to-consumer sales, which increased 31 percent.
— May 19, 2015
Philadelphia-based specialty retailer's net income down 12.6 percent in first quarter as sales rise but miss estimates.
— May 18, 2015
Mayhoola has acquired a 30.7 percent stake in the retailer for 885 million Turkish lira, or $343 million at current exchange rate.