Anthropologie makes three leadership appointments (chainstoreage.com)

Fourth Quarter Fiscal 2023 - Financial Results: *Net sales of $4.3 billion were up 1% compared to last year, inclusive of an estimated 2 percentage points of negative impact from the sale of Gap China. The addition of the 53rd week contributed approximately 4 percentage points of growth to the fourth quarter. -Comparable sales were flat year-over-year. -Store sales increased 4% compared to last year. -Online sales decreased 2% compared to last year and represented 40% of total net sales. *Gross margin was 38.9%, an increase of 530 basis points versus last year. -Merchandise margin increased 500 basis points versus last year primarily driven by lower commodity costs and improved promotional activity during the quarter. -Rent, occupancy, and depreciation (ROD) as a percent of sales leveraged 30 basis points versus last year. *Net income of $185 million; diluted earnings per share of $0.49.

The Association of American Publishers today filed reply comments in the U.S. Copyright Office inquiry into the intersection of copyright law and artificial intelligence (AI) in response to flawed and inaccurate assertions submitted by some tech companies and/or their investors in the first comment round including tired assertions that the rights of authors and publishers are an obstacle to innovation. AAP filed a lengthy submission that includes a multitude of points, including: *Big tech petitions the government “for cover from liability for their calculated disregard of authorship, also ignoring that rights holders today already routinely license their works for all kinds of digital uses.” *“Rather than working with copyright owners, these companies seek to appropriate literature and other invaluable intellectual property for their own commercial gain, and to bend the law to their will."

During the first quarter of 2018, we adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). As a result of the new accounting standard, income relating to our credit card program and gift card breakage that previously offset selling, general and administrative (“SG&A”) expenses has been recorded in other revenue in the Condensed Consolidated Statements of Income for all periods presented. The increase in other revenue for the first quarter of 2018 is the result of higher penetration from our growing credit card program. Gross profit for the first quarter of 2018 was $96.1 million or 29.4 percent of sales compared to $95.6 million or 28.3 percent of sales in 2017. Click Read More below for additional information.