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Pandora to Slash 180 Jobs in Restructuring
Pandora is embarking on a major streamlining process aimed at speeding up its ability to act on customer feedback, the jeweler said Wednesday.The Danish company will close its three regional offices — management centers that oversee stores in specific...
Retail Mar 05, 2020 Rapaport News
Lenders to Acquire Stornoway
Stornoway Diamond Corporation’s major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.The owner of the Renard mine in Quebec is seeking torestructure...
Mining Sep 10, 2019 Rapaport News
Canadian Jewelry Chain Ben Moss to Close
Canada’s Ben Moss Jewellers will shut all 54 of its stores acrossthe country after a weaker local currency and a softer economy in WesternCanada forced the company out of business."After considering all of our restructuring options,including selling...
Retail Aug 02, 2016 Rapaport News
James Campbell, CEO, Rockwell Diamonds
Rockwell Bounces Back as 1Q Sales Spike
Rockwell Diamonds reported rough sales surged 40 percent inthe first fiscal quarter following a restructuring to reverse a slump in theminer’s performance.Revenue jumped to $9.3 million in the three months thatended May 31, while sales by volume jumped...
Mining Jun 16, 2016 Rapaport News
James Campbell, CEO, Rockwell Diamonds
Rockwell Nearly Doubles Loss in Fiscal 2016
Rockwell Diamonds’ sales slumped and its loss almost doubledin the past fiscal year which also saw the miner announce a restructuring aimedat reviving the company’s fortunes. Revenue slumped 30 percent to $36.1 million...
Mining Jun 02, 2016 Rapaport News
walmart counter
Walmart Plans to Close 269 Stores after Root-and-Branch Review
Walmart plans to close a total of 269 stores inthe U.S. and globally following a reviewof almost all of its outlets worldwide that took into account factors such asfinancial results and strategic alignment with long-term...
Retail Jan 17, 2016 Rapaport News
Kenneth cole
Macy's Same-Store Sales +4%, Lays Off 2,500 Employees
Macy's Inc. reported that its same-store sales rose by 3.6 percent year on year for the Christmas 2013 season, which included the months of November and December. When sales from departments that were...
Financial-Legal Jan 09, 2014 Jeff Miller
sothebys small
Sotheby's Reviews Capital Allocation, Financial Policies
Sotheby’s informed shareholders today that it would review its capital allocation and financial policies with the intent of releasing its findings in early 2014. Sotheby’s has undertaken restructuring projects in the past couple of years...
Financial-Legal Sep 11, 2013 Jeff Miller
jcpenney jewelry
JCPenney Slashes Payroll Again, Calls Reorganization Complete
J. C. Penney Company Inc. laid off another 350 professionals from its headquarters as part of a restructuring plan that began in April. The company announced today that the effort was ''fundamentally complete.'' The savings generated...
Retail Jul 10, 2012 Jeff Miller
jcpenney jewelry
JCPenney's FY Sales -3%, Records $152M Loss
JCPenney reported fourth-quarter sales declined 4.9 percent year on year to $5.4 billion for the period that included Christmas season and ended on January 28, 2012. Comparable-store sales for the fourth quarter declined...
Financial-Legal Feb 24, 2012 Jeff Miller
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