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Tag: weigh

Bankruptcies, store closings weigh on retail employment

The retail industry had the second-highest number of cuts announced by U.S.-based employers in January. That’s according to a report from global outplacement firm Challenger, Gray & Christmas, which said that technology companies led in announced job cuts in January, with 13,869 cuts, followed by retail, with 10,444 cuts. Of the retail job cuts, 2,631 …

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Ted Baker’s bankers call in experts to weigh prospects | Business

Ted Baker’s bankers have appointed advisers to review the prospects for the business amid fears that the fashion chain will be forced to raise cash. A consortium of four major lenders to the company, understood to be Santander, HSBC, Barclays and Royal Bank of Scotland, have hired the advisory firm FTI Consulting, which has previously …

Ted Baker’s bankers call in experts to weigh prospects | BusinessRead More

Global challenges weigh on Abercrombie’s Q3 results; tariffs to impact Q4 profit

Get great content like this right in your inbox. Subscribe Abercrombie & Fitch reported mixed results for its third quarter as a “complicated” global environment offset U.S. same-store gains in its namesake and Hollister brands. The apparel retailer’s net income totaled $6.523 million, or 10 cents a share, in the quarter ended Nov. 2, down …

Global challenges weigh on Abercrombie’s Q3 results; tariffs to impact Q4 profitRead More