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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
- Garment firms set sights on Vietnam amid TPP talks
- Garment manufacturers eye Myanmar outsourcing
- Changes in China cotton policies cause uncertainty
- Responsive supply chain key to Gap's growth plans
- String traceability tool goes back to basics
- Wage strike by Cambodia garment workers falls flat
- H&M still committed to higher wages and Bangladesh
- Vietnam Q1 textile and garment exports surge 21.9%
- Alliance inspections more than 50% complete
- Adidas supplier factory strike enters second week
- Ethiopia – the emerging textile and clothing industry
- Trade and trade policy: clothing imports, consumer expenditure and trends in five emerging markets: Brazil, Colombia, India, Kazakhstan and Peru, 4th quarter 2013
- Antimicrobial fibres, fabrics and apparel: innovative weapons against infection
- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects
- Jeans in Italy