AMERICAN EAGLE STOCK TUMBLES ON MIXED FINANCIAL RESULTS
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TARGET TO ADJUST BUSINESS MODEL AFTER DISAPPOINTING EARNINGS
Fourth quarter 2016 sales decreased 4.3 percent to $20.7 billion from $21.6 billion last year, reflecting a 1.5 percent decline in comparable sales combined with the removal of pharmacy and clinic sales from this year’s results.
Read MoreTOMMY BAHAMA INTRODUCES NEW MEN’S FRAGRANCE
The new addition to the Tommy Bahama men’s scent portfolio is now launching at fine retailers nationwide.
Read MoreNRF LAUNCHES CAMPAIGN ON THE COST OF THE PROPOSED BORDER TAX
The television ads will be supported with a digital and print campaign and will encourage consumers to contact their members of Congress to express opposition to the border adjustment tax.
Read MoreJCPENNEY TO CLOSE 140 STORES OVER THE NEXT FEW MONTHS
The company plans to release a full list of planned closures in mid-March pending notification of all affected personnel. Nearly all impacted stores are expected to close in the second quarter of 2017.
Read MoreGIORGIO ARMANI TO REORGANIZE BRAND PORTFOLIO
As from the spring/summer 2018 season, the Armani Collezioni and Armani Jeans lines will be rebranded under Emporio Armani.
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