Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.7% even though revenue growth topped expectations.
Up-for-sale Australian brand RM Williams’ earnings are forecast to more than triple by 2024 said investment bank Goldman Sachs in a pitch sent out to attract interest from potential trade and private equity buyers.
Vera Bradley’s recently acquired jewelry brand contributed $5.4 million in sales to the company’s revenues in Q2, while charges related to its purchase ate into the Fort Wayne, Indiana-based accessories group’s income.
Chico’s FAS’ Soma brand posted a double-digit increase in comparable sales in the second quarter, as the Fort Myers, Florida-based apparel retail group reported falling sales and a net loss for the three-month period.
John Lewis Partnership sales fell in the latest week with a 1.9% drop taking them just below £207m. But while the supermarkets operation sales edged up slightly, the John Lewis department stores weren't so strong.
Global shopping malls giant Unibail-Rodamco-Westfield has reported solid results, but its UK operations (the London Westfield malls) suffered from the same problems we heard about at rivals Hammerson and Intu this week.
Sainsbury's can't seem to catch a break. As some rivals in the UK supermarkets sector start to recover, the company has turned in another sales fall and even its previously resilient fashion offer's sales dropped in Q1.
John Lewis Partnership sales fell slightly in the week up to June 15 dipping by 0.3% to £217m. The Waitrose chain underperformed, with its sales falling 2.8%, but the John Lewis department stores chain was stronger.