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Target Canada details to be offered in October
The focus of retail analysts will be squarely on Target later this year when the company hosts an investor conference in Toronto on October 30. It will be the company’s first such event since entering the market and by the fall the company should have all of its 124 planned stores open and ready to roll for Christmas. For more details and to add to your calendar, click here.
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Jones Group swings to Q2 loss
New York -- The Jones Group Inc. swung to a loss in the second quarter as the company was challenged with lower sales, weaker margins and higher costs.
Jones Group reported a loss of $3.4 million for the second quarter, compared to a profit of $8.1 million in the year-ago period.
Revenue decreased 1.1% to $845.6 million from $855 million for the second quarter of 2012. Analysts estimated revenues of $832.06 million for the quarter. One bright spot for Jones Group was an almost 21% year-over-year increase in wholesale jeanswear sales.