Tag: drop

A Decade of Data in Tennessee Shows an Unexpected Result When Colleges Drop Remedial Courses

“The evidence is showing that these reforms are not increasing graduation rates,” said Alex Goudas, a higher education researcher and a community college professor at Delta College in Michigan, who was not involved in this study. “Some students are benefiting a little bit — only temporarily —  and other students are harmed permanently.” It seems [...]read moreA Decade of Data in Tennessee Shows an Unexpected Result When Colleges Drop Remedial Courses

Munich Fabric Start took place in a friendly atmosphere, despite a slight drop in the number of visitors

Despite a slight drop in the number of visitors, Munich Fabric Start has drawn a positive balance from this year’s event, which took place over two days for the first time, on 3 and 4 September. Aperçu du salon. – MUNICH FABRIC START Visitors were able to discover a total of 1,000 collections of fabrics [...]read moreMunich Fabric Start took place in a friendly atmosphere, despite a slight drop in the number of visitors

Foot Locker sales drop in first quarter on Champs Sports business dive

Foot Locker Inc. reported on Thursday sales decreased by 2.8%, to $1.87 billion, in the first quarter, coinciding with a slash in profits for the three months ending May 4. Foot Locker The U.S. multi-brand sneaker retailer said comparable sales were down 1.8% in the quarter, impacted by the Champs Sports banner, which plummeted 18.6% comparable sales-wise. Global Foot [...]read moreFoot Locker sales drop in first quarter on Champs Sports business dive

Asda Q2 sales drop, George scores in schoolwear

Asda, Britain’s third-biggest supermarket group, posted a 5.3% decline in underlying sales in the three months to the end of June, as it continues to underperform its rivals. George at Asda The group, which is majority owned by Mohsin Issa and private equity firm TDR Capital, said total revenues excluding fuel fell by 2.2% to [...]read moreAsda Q2 sales drop, George scores in schoolwear

Vans parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand

By Reuters Published Aug 7, 2024 VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up 5% in extended trading. Reuters Sales in its Greater China business were up 4% on a constant currency basis, as the [...]read moreVans parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand

Armani posts single digit sales drop in first half

By Reuters Published Jul 29, 2024 Italian fashion house Giorgio Armani managed to keep its operating profit steady last year and grow net sales by 6% at constant currencies, despite a ‘single-digit’ slowdown in revenues in the second half which continued this year. The weakening in sales observed through the first six months of 2024 [...]read moreArmani posts single digit sales drop in first half

Vince reports Q1 sales drop amid strategic shift

Vince Holdings said on Tuesday sales dropped 7.6% to $59.2 million in the first quarter, as the U.S. fashion firm cut back promotional activity and its off-price business. Vince reports Q1 sales drop amid strategic shift. – Vince The New York-based company said the decline was driven by a 7.5% decrease in Vince brand sales [...]read moreVince reports Q1 sales drop amid strategic shift

Otto Group overcomes revenue drop with laser focus on profits

Germany’s Otto Group has reported its 2023/24 annual results with the owner of the Freemans, About You, Bonprix and Evri businesses (among many others), saying it “succeeded in holding its own comparatively well in an enormously challenging market environment and made noticeable progress in its operating result”. About You It highlighted a rise in EBITDA [...]read moreOtto Group overcomes revenue drop with laser focus on profits

Macy’s posts bigger-than-expected quarterly sales drop on sluggish demand

By Reuters Published May 21, 2024 Macy’s posted a bigger-than-expected drop in first-quarter sales on Tuesday, hobbled by stiff competition from off-price retailers for shoppers increasingly cautious about spending on products such as apparel and footwear. Reuters The upscale department store operator’s net sales fell 2.7% to $4.85 billion. Analysts on average had expected sales [...]read moreMacy’s posts bigger-than-expected quarterly sales drop on sluggish demand

China weakness felt as Tod’s sales drop 4.7% in first quarter

By Reuters Published May 16, 2024 Turnover at Italian luxury shoemaker Tod’s fell by 4.7% at constant exchange rates in the first quarter to 258 million euros ($280 million), with its key brands hit by weakness in the Chinese market. See catwalkTod’s – Fall-Winter2023 – Womenswear – Milan – © ImaxTree Sales in its Greater [...]read moreChina weakness felt as Tod’s sales drop 4.7% in first quarter