-
Guess Q2 income tops estimates
Los Angeles -- Guess Inc. reported net income for the second quarter above expectations due to improving sales in North America.
Net income fell 7% to $39.8 million, down from $42.9 million a year ago.
Overall sales rose 0.6% to $639 million. In North America, which accounts for about 40% of the chain’s revenue, retail sales were up 1%.
Same-store sales fell 2%, compared to a 10% drop in the first quarter.
-
Simon, Mac Naughton, Ruiz and other Walmart execs headlining events this fall
Top executives from Walmart will be sharing insights into the company’s strategies this fall by participating in a wide range of conferences and investor event.
First up is Walmart U.S. president and CEO Bill Simon who is scheduled as the featured luncheon speaker on September 11, at the Goldman Sachs Global Retailing Conference in New York. Simon also spoke at the event in 2010 and 2012 and this year he will be fresh off of headlining Walmart’s U.S. manufacturing summit in Orlando in late August.