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.
It's no wonder sporting goods giant Nike is feeling bullish about its long-term growth opportunities, after booking what has been described as a "flawless" performance in the first quarter. And what's more, the company is looking to raise the bar even higher in the future.
Teen apparel retailer Abercrombie & Fitch Co is aiming to remove the logos from its garments on sale in North America by next spring as it focuses instead on more on-trend merchandise.
After booking a "stellar" first-quarter performance, UK value fashion retailer New Look has put the brakes on its expansion into Russia, citing concerns over the worsening political situation in the country.
German sporting giant Adidas says it remains "fully committed" to the Russian market, despite plans to close stores and significantly pare back the opening of any new ones in the country this year and next.
Hennes & Mauritz says there is a growing understanding and demand from its customers for sustainable and ethically sourced clothing - areas the Swedish fashion retailer says it will continue to pursue.
Weather issues and a volatile macro environment are unlikely to derail PVH Corp, analysts believe, despite the apparel giant revealing earnings yesterday (5 June) that missed expectations. The company also offered an optimistic outlook for the rest of the year.
US department store retailer Kohl's has outlined a new strategic initiative designed to generate sales growth, after booking a drop in earnings and revenue in the first quarter. The plan, dubbed "Greatness Agenda", focuses on giving customers what they want, when they want it - and however they want it.
Ongoing plans for investment in additional manufacturing capacity have seen apparel maker Gildan Activewear home in on Guanacaste in Costa Rica as the site of its next large-scale textile facility in Central America.
On more than one occasion, while discussing Coach’s third quarter results, CEO Victor Luis alluded to the “journey” that the company was embarked upon.
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.
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.
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.
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.
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.
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.
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- China's apparel sector ponders sustainability
- US textile and apparel trade and sourcing snapshot
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- Tazreen Fashions compensation agreement outlined
- Puma commits to 100% PFC removal
- Gap unveils management changes as Q3 profit rises
- Long-term partnerships key to Adidas sourcing mode
- Long-running SL Garment dispute settled