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.
Denim giant Levi Strauss & Co has said the “volatile” and “unpredictable” delays occurring on the West Coast ports could adversely affect its supply chain and product availability if it continues.
H&M Hennes & Mauritz has acknowledged that pricing may have to fluctuate to reflect challenges created by the increasingly strong US dollar, which is affecting sourcing costs for the Swedish apparel group.
Canadian yoga wear brand Lululemon Athletica says it has turned an important corner and will be relentless about accelerating forward, after revealing third-quarter earnings that beat expectations.
Clothing and footwear business Pacific Brands has said it will consider selling more of its brands as it continues to find ways to drive a better company performance.
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.
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