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Meat Market Update | Formula sales moderate wild swings in price

2014-12-11 15:48:00| Beef

The Comprehensive Choice or average cutout was only $.55 cents lower on the heels of a daily spot Choice cutout that was $4.86 lower by Friday. The cutout was buffered by the formula prices which represented 53 percent of the total sales. Many of the formula sales are priced off of previous sales so they tend to moderate wild swings in prices. Ed Czerwien, USDA Market News Reporter read more

Tags: price sales market update

 

Neiman Marcus swings to Q3 profit

2014-12-09 17:31:00| Daily apparel & textile news and comment - from just-style.com

Upscale department store retailer Neiman Marcus has swung to a profit in its third-quarter thanks to stronger revenues.

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Pep Boys swings to a surprise loss

2014-12-09 02:11:33| Auto Parts - Topix.net

It was the company's second consecutive quarterly loss, once again surprising Wall Street analysts who had projected a profit. On Monday, Pep Boys said it had hired executive-recruiting firm Spencer Stuart to help recruit a new chief executive.

Tags: loss boys surprise pep

 

Destination Maternity swings to Q4 loss

2014-12-05 12:03:00| Daily apparel & textile news and comment - from just-style.com

Destination Maternity Corporation has said it is working to "aggressively" manage its inventory and become more customer-focused and product-centric, after swinging to a loss in the fourth quarter.

Tags: loss destination maternity swings

 

J. Crew Swings to Loss on Write-Downs

2014-12-05 10:15:32| Apparel - Topix.net

J. Crew Group Inc. swung to a loss in the third quarter as the privately held retailer wrote down the value of its retail-store operations and posted other related charges. J. Crew, which started in 1983 when it mailed its first catalog, is trying to broaden its customer base by launching a new company, J. Crew Mercantile, that would price clothing and other merchandise higher than the retailer's outlet stores but lower than its full-line stores, The Wall Street Journal has reported, citing people familiar with the operations.

Tags: loss crew swings writedowns

 

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