Tag: quarter

Retail sales increased, but clothing stores and shoe stores were hit hard in the fourth quarter

Clothes stores have been hit hard. Photo: DutchNews.nl

Despite the coronavirus crisis, Dutch retail sales increased by nearly 6% annually, according to new figures from the national statistic agency CBS.

This means that retail sales have increased for the seventh consecutive year, CBS said.

However, there are significant differences depending on the type of retail. In addition, shoe and clothing store sales fell 27% year-on-year during the last three months of the year, when some non-essential stores were closed.

In contrast, Internet shopping surged 55% in the previous quarter, CBS figures show.

The overall increase is due to grocery stores,

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Shoe Carnival to Report Second Quarter Financial Results on September 1, 2020

EVANSVILLE, Ind.–()–Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of moderately priced footwear and accessories, today announced second quarter 2020 earnings results will be released on Tuesday, September 1, 2020, after the market close. The Company will host its quarterly conference call to discuss second quarter 2020 results at 4:30 p.m. Eastern Time.

The earnings call will be webcast and can be accessed at the Investors section of Shoe Carnival’s website at www.shoecarnival.com. The online replay of the conference call will be available shortly after the call and will be available for one year.

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Victoria’s Secret is closing a quarter of its stores

L Brands (LB), which owns the company, said the 250 store closures might just be the start: It warned it could close more stores over the next few years. There are approximately 1,100 Victoria’s Secret locations in North America.

Chief Financial Officer Stuart Burgdoerfer said in an earnings call Thursday that it was a “very significant decision” that is intended to “strengthen” Victoria’s Secret. L Brands previously had an agreement with private equity firm Sycamore Partners to take the retailer private, but the firm decided to pull out of the agreement in early May citing temporary store

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S&P 500 rises to start the new quarter, tech leads Nasdaq Composite to record close

The S&P 500 and Nasdaq Composite started the new quarter with solid gains on Wednesday, with market sentiment getting a lift from positive coronavirus vaccine news and strong U.S. economic data. 

The S&P 500 closed 0.5% higher at 3,115.86. The tech-heavy Nasdaq Composite posted a record closing high, rising 0.95% to 10,154.63. The Nasdaq-100 index — which is made up of the composite’s 100-largest nonfinancial stocks —jumped more than 1% to an all-time high and closed at 10,279.25. The Dow Jones Industrial Average lagged, falling 77.91 points, or 0.3%, to 25,734.97.

A study of a coronavirus vaccine candidate being developed

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