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The arts supplies retailer plans to close 94 of its Aaron Brothers stores and reposition the brand as a "store-within-a-store," offering custom framing services at Michaels Stores
Shares in Guess have waivered in recent weeks following last month's reports of improper conduct by its co-founder Paul Marciano which were leveled by supermodel Kate Upton
“An acquisition for the whole Pfizer consumer health business did not fit our acquisition criteria," said Reckitt boss Rakesh Kapoor
The firm revealed that Jitesh Sodha, who had been its CFO for three years, has stepped down with immediate effect to "pursue his career outside of the Company"
The company is also facing pressure from another activist shareholder, Starboard Value LP, which is seeking to have its CEO and its entire board replaced, claiming Newell has been under performing since it purchased Jarden Corp in 2016
A look at the US movers on Friday on Wall Street...
The AIM-listed group said it expects to report an LBITDA of around £5mln for the financial year ending April 30, a turanround from an EBITDA of £16.1mln the year before
“We continue to expand our customer base by connecting with more and more customers through e-commerce and selective new store growth,” Jeff Rosenthal, Hibbett chief executive
KBS reckons the agreement to supply down jackets to Hangzhou Zhi Yin Apparel will bring in another US$4mln in sales this year
The company has sold off its Vamousse head lice product and will now focus on animal health
Profits for the full year will be £80mln-£85mln, down from £103.5mln
The European Union has now started to examine the environmental credentials of oxo-biodegradable plastic additives
Chief executive Edward Stack described a “competitive environment” but said the performance was in line with the company’s own expectations
“InnovaDerma continues to perform strongly and profitably”
The apparel retailer also hiked its quarterly dividend by 10% to 13.75 US cents a share
Sales growth for the year overall will still be significantly ahead of the first half’s 31% (to £4.2mln), and last year’s total of £8.9mln, but less than previously expected
Abercrombie & Fitch is now guiding fiscal 2018 same-store sales and sales growth in the low-single digits
Citi downgraded the stock to ‘neutral’, saying it now prefers US-listed Philip Morris
News of the acquisition came as the company released its half-year results, which saw underlying operating profits increase over the period
Coats delivered an increase in 2017 profits and revenues, driven by growth in its industrial threads business
