Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
Macy’s raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism, a new loyalty program and a greater product assortment.
Burberry seems to be on track with its transformation plan with sales and profits not suffering as it enters a period of fast change. But tough comparisons and regional variations also had an impact on its latest year.
Delivery firm UPS opened a new package sorting and delivery facility in south east England on Monday, creating hundreds of jobs in one of the U.S. company’s largest infrastructure investments outside the United States.
BR Malls Participações SA, Brazil’s largest mall operator, has acquired a minority stake in e-commerce firm Delivery Center with the goal of enabling deliveries to customers’ doors, the company said on Monday.
Seattle’s city council on Monday voted to impose a new “head tax” on the city’s biggest companies, as a way of fighting a housing crisis sponsors attribute largely to a local economic boom driving up real estate costs.