298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters
Published
May 21, 2009
Download
Download the article
Print
Text size

Casual Male Retail posts surprise Q1 profit, shares up

By
Reuters
Published
May 21, 2009

May 21 (Reuters) - Casual Male Retail Group Inc (CMRG.O), which makes clothing for larger men, posted a surprise first-quarter profit as it managed its costs better, sending its shares up as much as 29 percent.


Casual Male Retail, Spring 2009

The company, which operates the Casual Male XL and Rochester Big and Tall Stores as well as a catalog and e-commerce business, said it continues to expect sales for the year to decline about 10 percent.

For the first quarter, it reported income of $336,000, or 1 cent a share, compared with $96,000, or breakeven, a year ago.

Sales fell 9 percent to $97.6 million, while comparable sales for the 13-week period ended May 2 fell 10.7 percent.

Two analysts on average were expecting company to post a loss of 3 cents a share, according to Reuters Estimates.

Selling, general and administrative expenses fell 14.2 percent to $37.1 million for the quarter.

"The cost reductions implemented during the quarter relate primarily to re-focusing our marketing spend..., reductions in our corporate headcount, store and distribution productivity improvements, and renegotiation of numerous service and supply contracts," the company said.

Shares of the Canton, Massachusetts-based company touched a high of $1.70 before shedding some gains to trade up 22 cents at $1.54 on the morning of Thursday 21 May on Nasdaq. (Reporting by Poojya Trivedi in Bangalore; Editing by Himani Sarkar)

© Thomson Reuters 2024 All rights reserved.