New York—After a flurry of retail earnings reports in late April, the final batch came out this week. Like the previous one, they are a mixed bag.
Higher expenses, lower margins, dealing with a promotional environment along with lower traffic took its toll on a range of retailers’ bottom lines from Francesca’s to Neiman Marcus to Inditex, which bills itself as the largest apparel retailer in the world.
There was good news too. Especially at Christopher & Banks, the missy specialty store that is amid a turnaround strategy. It apparently is working, too.
Speaking of missy, Coldwater Creek, whose dwindling sales and losses, took it to bankruptcy court in April and eventually to liquidation, may have new life, thanks to private equity firm Sycamore Partner which has been something of a white knight for a growing list of retailers.
While May sales results from the Commerce Department were lower than expected, economists say taken together with April results, there is indeed reason to be optimistic for retail and the economy as a whole.
For these and other stores, see below for the top 10 online articles of the week: