In the money

In the money

A regular in-depth analysis prompted by what’s happening in the financial world and how it impacts on the apparel and footwear supply chain from manufacturing to retail.



In the money: Currency pressures and China weigh on Nike outlook 21 Mar 2014

Shares in Nike Inc fell 3.7% yesterday (20 March), after the sporting goods giant forecast slower-than-expected earnings growth in its first-quarter and next fiscal due to weaker currencies in key emerging markets.


In the money: Fifth & Pacific eyes initiatives to grow top line 26 Feb 2014

Fifth & Pacific Companies, which today (26 February) begins trading as Kate Spade & Co, says it has a number of operational initiatives in place that it hopes will accelerate margin expansion and top line growth in 2014.


In the money: Forever Faster strategy to drive Puma turnaround 21 Feb 2014

Despite delivering a disappointing fourth-quarter and full-year performance, German sporting goods firm Puma believes it has laid down the foundations that will return the company to its sportswear focus, with a new brand campaign dubbed 'Forever Faster' designed to put it back on track.


In the money: Wolverine bullish on Sperry growth prospects 19 Feb 2014

Footwear and apparel business Wolverine Worldwide remains bullish about the strength of its Sperry Top-Sider brand despite cold weather in the US having tempered its growth in the fourth quarter.


In the money: New Look rules out public offering amid expansion 12 Feb 2014

New Look CEO Anders Kristiansen says the UK fashion chain has no plans to launch an initial public offering in the next year, and is instead concentrating on its overseas expansion efforts.


In the money: Maidenform helps Hanesbrands in choppy waters 30 Jan 2014

Nearly four months in, and it’s fair to say that Hanesbrands chairman and CEO Rich Noll has no regrets over the company’s US$581m acquisition of Maidenform in October last year.


In the money: Coach optimistic for North America improvement 27 Jan 2014

US footwear, handbags and accessories retailer Coach Inc is confident it can improve productivity in North America by investing in its online business and reviewing its store portfolio. But this could take time, warned Francine Della Badia, president of the company's North American retail business.


In the money: Burberry sees further growth opportunities in Asia 15 Jan 2014

Burberry continues to see further growth opportunities in Asia, according to CFO Carol Fairweather, after the region helped the British luxury brand to report a 14% increase in third-quarter retail revenues. And ongoing investment in digital will also play an important role.


In the money: Marks & Spencer moving in the "right direction" 9 Jan 2014

Marks & Spencer's general merchandise sales continued to fall in the third quarter. But according to chief executive Mark Bolland, the UK retailer and its efforts to turn around its women's wear business are moving in the right direction.


In the money: Quality issues continue to weigh on Lululemon 13 Dec 2013

A lot's happened for Lululemon Athletica over the last few months, but one thing that continues to weigh on the yoga brand is the impact of quality issues. But according to CFO John Currie, the company is on a mission to improve control and prevent faulty goods entering its stores.


In the money: PVH Corp sees next year as a tale of two halves 11 Dec 2013

At first glance, the third quarter results announced by apparel giant PVH this week look mostly sound – but significant challenges lurk below the top-line positivity.


In the money: JC Penney says turnaround is "taking hold" 21 Nov 2013

The turnaround of struggling department store chain JC Penney is beginning to take hold, according to CEO Mike Ullman. But the US-based retailer still has a lot more work to do if it is to see the light at the end of the tunnel any time soon.


In the money: Women's wear continues to weigh on M&S 5 Nov 2013

A question mark continues to hang over Marks & Spencer's clothing performance after the retailer recorded its ninth consecutive quarterly decline in like-for-like general merchandise sales - despite the much-publicised re-launch of its autumn/winter women's wear ranges in September.


In the money: Hanesbrands laughs off retail woes 31 Oct 2013

This year’s back-to-school retail selling season wasn’t the most lucrative on record, but that doesn’t seem to be bothering Hanesbrands too much.


In the money: VF Corp buoyant about long-term growth 22 Oct 2013

After booking a 13.8% hike in third-quarter profit, boosted by strong sales in its outdoor & action sports and jeanswear businesses, it's not surprising that executives at apparel giant VF Corporation are in buoyant mood.


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