Posts – Beautifaire

24 Nov

Kohl’s Posts Q3 Declines, but Cites Progress on Strategic Initiatives

Updated Nov. 21 at 11:37 a.m. EST Kohl’s Corp. last quarter continued to yield sales and profit declines, but raised its bottom-line outlook for the yr and cited progress on turnaround strategies. On Tuesday, the Menomonee Falls, Wisc.-based retailer reported that its net income for the quarter ended Oct. 28 fell to $59 million, or 53 cents per diluted share, beating expectations of 35 cents. Within the year-ago period, net income reached $97 million, or 82 cents per diluted share. Operating income was $157 million in comparison with $200 million within the prior yr. As a percentage of total revenue, operating income was 3.9 percent, a decrease of 82 basis points year-over-year. Net sales decreased 5.2 percent year-over-year, to $3.8 billion, with comparable sales down 5.5...

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22 Aug

Macy’s Inc. Posts Q2 Declines, Stays Cautious on Consumers

by Beautifaire101

Beauty, Featured

Macy’s Inc. Posts Q2 Declines, Stays Cautious on Consumers

Macy’s Inc., impacted by higher levels of markdowns to clear spring merchandise and customers pulling back on spending, reported second-quarter top- and bottom-line declines but said the outcomes were higher than expected. The web loss got here to $22 million for the quarter ended July 29, in comparison with a $275 million profit within the year-ago period. The loss included a non-cash settlement charge related to the transfer of pension obligations for certain retirees and beneficiaries. Diluted loss per share of $0.08 and adjusted diluted earnings per share of $0.26 last quarter in comparison with diluted EPS of $0.99 and adjusted EPS of $1 within the second quarter of 2022. Earnings before interest, taxes, depreciation and amortization were $221 million in the...

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12 Jul

As Global Expansion Advances, Mango Posts Robust First Half Revenues

by Beauty Tips

Fashion, Featured

As Global Expansion Advances, Mango Posts Robust First Half Revenues

Mango, continuing to construct globally with recent stores, reported a 20 percent gain in revenues to 1.451 billion euros in the primary half of this yr. The Barcelona, Spain-based fashion retailer also reported Wednesday that the primary half’s results were 30 percent higher than the identical period in 2019, surpassing pre-pandemic figures. “Our customers value Mango’s unique design proposal and magnificence and we're currently engaged in an ambitious plan of international expansion,” Toni Ruiz, Mango’s chief executive officer, said in an announcement Wednesday. “The positive leads to the primary half of the yr strengthen our business model and our ecosystem of assorted channels and partners.” Mango chief executive officer Toni Ruiz. Courtesy Mango While continuing to open stores, the corporate attributed the gains to improved...

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14 May

Designer Posts Pearl-adorned Dress After Kim Kardashian Wore One

by Beauty Tips

Fashion, Featured

Designer Posts Pearl-adorned Dress After Kim Kardashian Wore One

DESIGN INSPIRATION: Designer Gert-Johan Coetzee posted an Instagram photo of former reality TV personality Laura Govan wearing a pearl-strewn dress that he designed, which some considered paying homage to the Schiaparelli gown that Kim Kardashian wore to last week’s Met Gala. Coetzee has no plans to pursue legal motion, and said he posted the image to call attention to his existing design. The South African designer said, ”While there could also be similarities between the designs, I think that fashion is an ever-evolving industry, where inspiration might be drawn from various sources. It’s not unusual for designers to be influenced by one another’s work. I prefer to give attention to my very own creative process and the expansion of my brand.” A...

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