JC Penney and Kohl's struggle in fiscal 1st quarter

JC Penney and Kohl's struggle in fiscal 1st quarter

NEW YORK — J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut …
See Original Article

Tech Mahindra Q4 net dips, announces dividend of ₹14/share

IT company Tech Mahindra today reported a dip in net profit for the quarter ended March 31, hurt by a decline in its margins. Its net profit fell 6% quarter on quarter to ₹1,132 crore. Revenues also declined quarter on quarter, falling to ₹8,892 crore as …
See Original Article

Jamie Oliver's UK Restaurant Chains Are Headed for Insolvency

Jamie Oliver’s restaurant chain moved to begin insolvency procedures, leaving 1,300 jobs at risk after failing to turn around its performance. The U.K. celebrity chef’s company filed notice in the High Court for administration, a process similar to Chapter 11 …
See Original Article

Kohl's Misses Q1 Earnings Estimate, Cuts Full-Year Outlook, as Comp Sales Tumble

Kohl’s Corp. (KSS – Get Report) posted weaker-than-expected first quarter earnings, and slashed its 2020 profit guidance, as comparable store sales at the struggling retailer slumped amid a “slower” start to the year. Kohl’s said adjusted earnings for the three …
See Original Article

Should investors worry about accounting red flags at Optibiotix Health?

While this momentum is positive, the Beneish M-Score – which I'll explain shortly – shows that there are areas in Optibiotix Health's accounts that might
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.