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- Gap continues to drive profits upwards, but Q3 domestic sales still dragYesterday
- Gap Inc may continue to struggle as it works to deliver revenue gains but the apparel giant knows how to make a profit. There were no surprises Thursday (November 20) as the retailer's Q3 profits came in 3.4% ahead on the year, aided by costs cuts and inventory controls that offset falling domestic sales. Good news also came as its international unit and online store produced notable gains and Gap affirmed its profit guidance for the full year.
- Q3 profit at Perry Ellis falls but confirms guidance as review identifies more fiscal 2010 savingsYesterday
- Apparel maker Perry Ellis International saw revenues and net profits both slip in Q3 but it did manage to boost its gross margin on the continued shift from private label to branded business, as well as announce an increase in SG&A savings identified for fiscal 2010 and confirm its guidance for the full year.
- Shoppers cram Debenhams and Marks & Spencer stores as sales promotions prove a big hitYesterday
- Shoppers crammed into Debenhams and Marks & Spencer stores Thursday (November 20) as the UK retailers' respective 25% and 20% markdowns on many product ranges proved to be a huge success.
- UK consumers planning to trim Christmas spending – ICSYesterday
- A new survey has revealed that UK consumers are to tighten their purse-strings considerably in the Christmas season, with 80% planning to spend less on Christmas this year than last, according to research by the Institute of Customer Service (ICS).
- US Holiday shoppers turning into bargain hunters – MasterCardYesterday
- US consumers are turning into bargain hunters in the Holiday season, with 29% becoming more price conscious this year than last, according to a new survey released by MasterCard Worldwide.