Stitch Fix (SFIX) reports fiscal Q3 2020 net loss

Stitch Fix (SFIX) reports fiscal Q3 2020 net loss

Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its supply chain hit a snag amid the coronavirus pandemic, and orders were backlogged.  Absent the fulfillment constraints it experienced, the company said it would have reported sales growth during the period. By the end of March, Stitch Fix said […]
Gap (GPS) reports Q1 2020 net loss, shares fall

Gap (GPS) reports Q1 2020 net loss, shares fall

Gap Inc.’s first-quarter sales fell 43%, the clothing maker reporter Thursday, as its stores were shut for much of the period due to the coronavirus pandemic.  Chief Executive Sonia Syngal said in a statement that sales continued to decline into May, after the...
Dick’s Sporting Goods (DKS) reports Q1 net loss, sales down 30%

Dick’s Sporting Goods (DKS) reports Q1 net loss, sales down 30%

Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores...
Nordstrom (JWN) reports Q1 2020 net loss

Nordstrom (JWN) reports Q1 2020 net loss

Nordstrom’s net sales fell 40% during its fiscal first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its struggling peers. ...