The Spanish fast fashion retailer reported 1.1 billion euros in annual profit.
Executive vice chairman Michele Norsa said during a call with analysts he could not comment on reports about his exit or that of CEO Micaela le Divelec Lemmi.
Randall Stephenson joins Walmart’s board as the retailer moves to expand into areas including financial services.
The company is now trading barbs with the investors seeking to overthrow its board.
Specialty stores took a hit in February — a set back as retail continued to climb back from the COVID-19 shutdowns.
The retailer said it is gaining share in apparel even as its sales slipped.
Meanwhile, the retailer expects current quarter revenues to grow, compared with the first quarters of 2019 and 2020.
After years of IPO talks, Chicmax last week finally signed a pre-listing tutoring agreement with CITIC Securities.
Richard Hayne said stepping-out styles have seen an uptick recently, despite the pandemic, boding well for spring.
Under pressure from analysts and reporting sales declines for the year, the CEO’s vision is coming together.
E-commerce and lingerie brand Soma continue to be bright spots. But not enough to offset losses.
Even as CEO Michelle Gass seeks to get the company back on track after COVID-19, activists are looming.
The retailer reported growing revenues and projected more recovery from the pandemic’s economic fallout.
The retailer plans to accelerate the pace of new store openings, update fulfillment capabilities and add more local distribution centers.
The iconic German footwear brand will fund further expansions, with support from L Catterton and Financière Agache.
