USA: Payless ShoeSource Net Rose 17 Per Cent
Payless ShoeSource Inc said its net income rose 17 per cent for the fiscal first quarter, despite what the company said was a slow start to the quarter. The Topeka, Kan, shoe retailer reported net for the period ended May 5 of $29.7m, or $1.30 a diluted share, up from $25.4m, or 89 cents a share, for the year-earlier period. The latest results topped analysts' estimates by a penny, according to First Call/Thomson Financial. Excluding non-recurring items in last year's results, the company's profits declined 12 per cent from $33.9m, or $1.19 a share.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- Fashion fit for the future – strategies for speed
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Gap to shutter all UK Banana Republic stores
- MAS Holdings shares commitment to sustainability
- M&S "unappealing" clothing a barrier to growth
- Reebok Liquid Factory reinvents shoe production
- Bangladesh tops China as lead cotton importer
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020