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Top related persons:
Shahlise Cherry - 1 Deborah Arnone - 1 It’s - 1 she’d - 1 Cherry - 1 “ - 1 what’s - 1 Laura Oliverio - 1
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NY America United States Bridgehampton , New York retailing’s Miami Virgin Islands Guam
Top related orgs:
NY CNN - 1 Kmart - 1 RadioShack - 1 Sears - 1 Shoppers - 1 CNN - 1 Walmart - 1 Sports Authority - 1

Search resuls for: "retailing’s"


3 mentions found


☆ Kmart shoppers bid a wistful farewell to the last outpost of a once-beloved ‘mainstay’
  + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com   time to read: +9 min
The demise of a former trendsetterThe Bridgehampton store opened in 1999, taking the place of a former regional discount store, Caldor. When the retailer emerged from bankruptcy it still had 231 Sears and 191 Kmart stores, but those were also almost all doomed. A worker pushes a cart through the empty section in the Bridgehampton Kmart the size of a football field. Laura Oliverio/CNNSeth and Victoria Black say they will miss the Bridgehampton KMart when it closes for good this weekend. The demise of the chain, and the Bridgehampton store, brought back memories for the shoppers this week.
Persons: Shahlise Cherry, Deborah Arnone, It’s, she’d, Cherry, “, what’s, Laura Oliverio, CNN Shahlise Cherry, ”, “ We’d, Sebastian Spering Kresge, Eddie Lampert, Lampert, CNN Jessica Cohan, CNN Bridgehampton, Sarah Bullock, Bullock, CNN Seth, Victoria Black, Victoria, CNN “, Jessica Cohan, Lucas, Smoky Joe, Seth Black Organizations: NY CNN, Kmart, RadioShack, Sears, Shoppers, CNN, Walmart, Sports Authority, Borders, Long, Target, Hamptons, KMart, Victoria Black Locations: NY, America, United States, Bridgehampton , New York, retailing’s, Miami, Virgin Islands, Guam, Detroit, Long, Riverhead, ”, Smoky
☆ Shein tries to thread US-China needle
  + stars: | 2023-06-05 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +6 min
HONG KONG, June 5 (Reuters Breakingviews) - Shein is threading the world’s trickiest geopolitical needle. But rising American pressure is forcing it to tweak its business model right as it tries to list there. Last year, its top line surged 46% to $23 billion, per the Wall Street Journal, surpassing $22 billion at H&M and outpacing the 18% growth at Inditex. A Boston Consulting Group report notes that this model allows Shein to keep inventory turnover at just 40 days. That will be expensive; the company's net profit margin was a razor-thin 3.5% last year, according to the Wall Street Journal, far below bricks and mortar rival Inditex's 13%.
Persons: Shein, Bernstein, Chris Xu, Xu, Mubadala, Pete Sweeney, Katrina Hamlin Organizations: Reuters, U.S ., Rivals, Street, Financial Times, Boston Consulting, Morningstar, Securities and Exchange Commission, Wall Street, ’, Singapore, Sequoia Capital, General Atlantic, Thomson Locations: HONG KONG, Zara, China, Inditex, Guangdong, U.S, Xinjiang, Nanjing, Singapore, Mexico, Brazil, India
☆ Uniqlo operator posts record annual profit despite China slump
  + stars: | 2022-10-13 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
REUTERS/Ritsuko AndoTOKYO (Reuters) -Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, reported record full-year profit on Thursday despite a continuing slump in China, its biggest overseas market. Operating profit was 297.3 billion yen ($2.02 billion) in the 12 months through August compared with 249 billion yen a year earlier. That surpassed the company’s guidance and the consensus forecast of 291 billion yen, according to the average of 12 analyst estimates from Refinitiv. Fast Retailing saw a slight increase in sales in mainland China for the year while operating profit slid 17% amid stringent COVID 19-related controls. Profit will rise to 350 billion yen next fiscal year, the company forecast.
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