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Apparel & Accessories Retailers

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Accent Group Expects To Open More Than 70 New Stores In FY20

Wednesday, 19 Feb 2020

Feb 19 (Reuters) - Accent Group Ltd ::LIKE FOR LIKE RETAIL SALES FOR FIRST 7 WEEKS OF H2 ARE UP 3.0%.EXPECTS TO OPEN MORE THAN 70 NEW STORES IN FY20.

Orchestra Premaman Expects Its Turnover Will Be Negatively Impacted By EUR 71 Mln On FY Basis

Monday, 17 Feb 2020

Feb 17 (Reuters) - Orchestra Premaman SA ::PRESENTS REORGANIZATION PLAN TO ENSURE ITS SUSTAINABLE RECOVERY.CLOSURE OF 81 STORES (BY WAY OF LIQUIDATION) ABROAD.REORGANIZATION IS ILLUSTRATED BY THE GROUP'S FOCUS ON ITS FIVE MAIN MARKETS (FRANCE, BELGIUM, SWITZERLAND, MOROCCO AND GREECE).REORGANIZATION INCLUDES TRANSFER OF ACTIVITY FROM WAREHOUSES OF SAINT-AUNÈS AND SAINT JEAN DE VEDAS TO ARRAS WAREHOUSE, AND NET LOSS OF 25 JOBS AT COMPANY'S HEADQUARTERS.REORGANIZATION SHOULD LEAD TO ABOLITION OF 149 POSITIONS IN FRENCH STORES, 115 LOGISTICS POSTS, 38 POSTS AT HEADQUARTERS.REORGANIZATION: LOSS OF 300 STAFF POSITIONS ABROAD.GROUP ESTIMATES THAT ITS TURNOVER WILL BE NEGATIVELY IMPACTED BY €71M ON A FULL-YEAR BASIS, INCLUDING € 23.5 MILLION IN FRANCE.GROUP ESTIMATES ASSETS WOULD DECLINE BY €11M CORRESPONDING TO THE INTANGIBLE AND TANGIBLE FIXED ASSETS SCRAPPED.FIRST ESTIMATE OF THE COST OF THE EMPLOYMENT PROTECTION PLAN IN FRANCE IS €6M.HEARING WITH MONTPELLIER SPECIALIZED COMMERCIAL COURT SET FOR MARCH 17, 2020 AT WHICH OPENING OF SECOND OBSERVATION PERIOD OF 6 MONTHS SHOULD BE REQUESTED.TRADING OF SHARES ON EURONEXT PARIS, SUSPENDED SINCE FEBRUARY 17, 2020, WILL RESUME ON FEBRUARY 18, 2020.RESTRUCTURING OF FRENCH NETWORK, TO BENEFIT OF LARGE FORMAT STORES AND DIGITAL WITH CLOSURE OF 44 STORES ( INCLUDES 36 BRANCHES REPRESENTING TOTAL OF 149 EMPLOYEES) OUT OF 304 TODAY.

Footway Group Q4 EBIT Up At SEK 12.0 Million

Friday, 31 Jan 2020

Jan 31 (Reuters) - Footway Group AB ::Q4 SALES SEK 308.4 MILLION, UP 16.7% Y/Y.Q4 EBIT SEK 12.0 MILLION VERSUS SEK 6.5 MILLION YEAR AGO.

Victoria'S Secret Billionaire In Talks To Step Aside And Sell Brand-WSJ

Wednesday, 29 Jan 2020

Jan 29 (Reuters) - :VICTORIA'S SECRET BILLIONAIRE IN TALKS TO STEP ASIDE AND SELL BRAND-WSJ.

Tillys Says Unit Of Co Entered Into Amendment No. 7 To Amended, Restated Credit Agreement Dated As Of May 3, 2012

Friday, 24 Jan 2020

Jan 24 (Reuters) - Tillys Inc ::TILLYS - ON JAN 23, UNIT OF CO ENTERED INTO AMENDMENT NO. 7 TO AMENDED, RESTATED CREDIT AGREEMENT DATED AS OF MAY 3, 2012.TILLYS - AMENDMENT EXTEDS MATURITY DATE OF AGREEMENT TO JAN 31, 2023.TILLYS- AMENDMENT REVISES/ELIMINATES CERTAIN RESTRICTIVE FINANCIAL COVENANTS, INCLUDING REMOVAL OF PROHIBITION ON PAYMENT OF DIVIDENDS/STOCK BUYBACKS.

Giordano International Sees About 38% Decrease In Unaudited Profit Attributable For Year

Friday, 24 Jan 2020

Jan 24 (Reuters) - Giordano International Ltd <0709.HK>::GIORDANO INTERNATIONAL LTD- EXPECTED THAT GROUP MAY RECORD AN ABOUT 38% DECREASE IN UNAUDITED PROFIT ATTRIBUTABLE FOR YEAR.GIORDANO INTERNATIONAL LTD - EXPECTED THAT GROUP MAY RECORD AN APPROXIMATE 38% DECREASE IN UNAUDITED PROFIT ATTRIBUTABLE FOR YEAR.GIORDANO INTERNATIONAL- EXPECTED RESULT DUE TO IMPAIRMENT LOSS ON RIGHT-OF-USE ASSETS.

Glorious Sun Enterprises Says Unit Disposed Of Notes With Total Principal Amount Of RMB60.0 Mln

Friday, 24 Jan 2020

Jan 24 (Reuters) - Glorious Sun Enterprises Ltd <0393.HK>::UNIT AND NOMINEE DISPOSED OF NOTES WITH TOTAL PRINCIPAL AMOUNT OF RMB60.0 MILLION IN SECONDARY MARKET.

Express Inc Sees Q4 Adjusted Earnings Per Share $0.17 To $0.19

Wednesday, 22 Jan 2020

Jan 22 (Reuters) - Express Inc ::EXPRESS, INC. NARROWS FOURTH QUARTER GUIDANCE; ANNOUNCES NEW CORPORATE STRATEGY INCLUDING SIGNIFICANT COST REDUCTIONS AND FLEET RATIONALIZATION.SEES Q4 ADJUSTED EARNINGS PER SHARE $0.17 TO $0.19.INITIATES FLEET RATIONALIZATION PLAN TO CLOSE APPROXIMATELY 100 STORES BY 2022.IDENTIFIES $80 MILLION IN COST REDUCTION OPPORTUNITIES.EXPRESS - CO IS ALSO ANNOUNCING THAT IT EXPECTS TO HAVE APPROXIMATELY $200 MILLION IN CASH ON HAND BY END OF FISCAL 2019.2019 Q4 COMPARABLE SALES ARE CURRENTLY EXPECTED TO BE APPROXIMATELY -3%.SEES Q4 2019 COMPARABLE SALES ARE CURRENTLY EXPECTED TO BE APPROXIMATELY -3%.$55 MILLION OF EXPENSE REDUCTIONS WILL BE DRIVEN MAINLY BY PREVIOUSLY ANNOUNCED WORKFORCE RESTRUCTURING.EXPECTS ADJUSTED NET INCOME TO BE IN RANGE OF $11 TO $12.5 MILLION FOR Q4 2019.HAS A LONG-TERM GOAL TO INCREASE FCF FROM ABOUT $50 MILLION IN 2019 TO $90 TO $110 MILLION BY 2022.SEES Q4 2019 ADJUSTED DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $0.17 TO $0.19.EXPECTS TO HAVE APPROXIMATELY $200 MILLION IN CASH ON HAND BY END OF FISCAL 2019.Q4 EARNINGS PER SHARE VIEW $0.19 -- REFINITIV IBES DATA.EXPRESS - IDENTIFIED $80 MILLION IN ANNUALIZED COST REDUCTION OPPORTUNITIES EXPECTED TO BE REALIZED OVER NEXT THREE YEARS.

Ted Baker Now Estimates Inventory Overstated By 58 Mln Stg

Wednesday, 22 Jan 2020

Jan 22 (Reuters) - Ted Baker PLC ::UPDATE ON INDEPENDENT REVIEW OF INVENTORY.DELOITTE REVIEW HAS NOW LARGELY CONCLUDED AND TED BAKER EXPECTS TO REPORT THAT VALUE OF INVENTORY HELD ON GROUP'S BALANCE SHEET AT 26 JANUARY 2019 WAS OVERSTATED BY £58M.EXPECTS TO REPORT THAT VALUE OF INVENTORY HELD ON GROUP'S BALANCE SHEET AT 26 JANUARY 2019 WAS OVERSTATED BY £58M.£58M IS MATERIALLY HIGHER THAN £20-25M PRELIMINARY ASSESSMENT ANNOUNCED ON 2 DECEMBER 2019.

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