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Guess beats Street with swing to Q1 profit
New York – Guess Inc. beat Wall Street expectations with net earnings of $3.3 million in the first quarter of fiscal 2016, compared to a net loss of $2.1 million the same period a year earlier. Reductions in pretax expenses pushed Guess out of the red into the black.
Total net revenue decreased 8% to $478.8 million, from $522.5 million. Foreign currency fluctuations drove the decline. Same-store sales, including e-commerce, dropped 5.9%.
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Riddle’s Group automates enterprise management
Montreal - Luxury jewelry retailer Riddle’s Group Inc. has selected the ChainDrive Fully-Integrated Retail Management platform from Multidev Technologies Inc. to improve store operations and to automate processes throughout.
Riddle’s Group sought out an end-to-end solution, and selected ChainDrive because of its extensive Jewelry Module which provides jewelry retailers with system features and functions that are tailored exclusively for the jewelry business.
