Thursday, December 1, 2016
Another apparel retailer sounds cautious note on holiday
Express reported a drop in third-quarter profit and slashed its full-year adjusted earnings outlook, warning that the holiday season will "remain challenging."
Revenue declined 7% to $506.1 million from $546.6 million, but topped Wall Street's view. E-commerce sales rose 15% to $96.3 million. Same-store (including e-commerce sales) decreased 8.5%.. . .
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