The women's fashion and accessories company reported decreases in net revenues and net income that met and exceeded expectations, respectively. Retail competition impacted the second quarter and the Vision 20/20 plan.
Burlington Stores raised its full year 2017 outlook on Thursday, following a positive Q2 and H1. The New Jersey-based company announced in May that it expected its full year total sales to increase in range of 7-8%.
Struggling U.S. retailer Sears Holdings Corp reported a loss in the second quarter, hurt by fewer customer visits to its stores and as the company offered more discounts amid intense industry competition.
Changes to M&S's fashion offer and a determination not to discount seem to be paying off. Sales aren't yet where they should be but the turnaround is "on track" and fashion sales should turn positive by year-end