A more promotional athleisure scene, the benefits of store rationalisation starting to come through, and in-store traffic continuing on its...
Improved supply chain capabilities and omni-channel improvements will be a key driver of near-term profits for US retailers, with investment...
One of the biggest challenges for brands and retailers of all sizes is how to source products and where to source them from. And one of the best ways to formulate a sourcing strategy is to tap into insights from other firms. Niki Tait attended a special session at the recent SPESA Expo where Gap, JCPenney, VF Corp and Soma Intimates were all on hand to share their thoughts.
Faced with slowing sales in Western markets, lingerie firms are increasingly focusing on emerging markets like Russia and Asia for growth. According to new research, both China and India are likely to see a double digit hike in lingerie sales over the next three years.
The following is a general roundup of US apparel and shoe chains' July 2008 sales results. The list will be updated as new results become available.
The following is a general roundup of apparel and shoe chains' October 2007 sales results. The list will be updated as new results become available.
Barington Capital Group had dropped its campaign for seats on the board of US women's wear retailer Chico's FAS.
As the annual meeting of shareholders for Chico's FAS looms on 21 July, the fight is ongoing for a seat on the board of the US women's wear retailer.
Chico's FAS has reassured shareholders the company is "successfully executing" its strategic plan in the latest move amid a deepening rift between the US women's wear retailer and activist investor Barington Capital Group.
Activist investor Barington Capital Group has issued a second open letter to shareholders at US women's wear retailer Chico's FAS, urging them to "stop, look and listen" before voting for two directors to serve on the company’s nine-person board.
Chico's says its digital commerce and chief marketing officer, Miki Berardelli, is leaving as part of a realignment by the US women's wear retailer to cut costs and place the "decision makers" directly into the firm's three brands.
In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
US women's wear retailer Chico's has tapped former Wal-Mart executive Shelley Broader as its new president and CEO.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.
David Dyer, the president and chief executive of US women's wear retailer Chico's, has announced his intention to retire.
US women's wear retailer Chico's has booked an increase in fourth-quarter earnings but outlined plans for a series of cost reduction initiatives that will result in 120 store closures and 250 job cuts.
US women's wear retailer Chico's has has booked a drop in third-quarter earnings but remains optimistic progress is being made on its initiatives.
US retailer Chico's has adopted Tyco's RFID-based Inventory Intelligence to help boost inventory accuracy and visibility challenges in 13 Soma Intimates pilot stores.
Easy comparisons with last year, when consumer confidence and spending were hurt by uncertainty leading up to the US government shutdown, is one of a number of factors that could could bolster third-quarter results for US apparel retailers.
Retailer Chico’s 31% reduction in second quarter net profit met with a mixed reception from analysts in the US, with margin pressures expected to continue into the third quarter.
Sunrise Brands has selected Centric Software's product lifecycle management (PLM) software solution to support the growth of its private-label business.
Women's wear retailer Chico's FAS has appointed Todd Vogensen as its new senior vice president, chief financial officer.
Chico's has reported a double-digit decline in first-quarter profit, after adverse weather forced the women's wear retailer to be more promotional to move product.
US President Barack Obama says a renewed White House report that aims to boost US exports will make it easier for companies to find opportunities, gain access to financing, and reach markets outside the US.
US women's wear retailer Chico's plans to expand its namesake brand into Canada for the first time, by opening three stores there later this year.
US women's wear retailer Chico's saw its earnings plummet in the fourth quarter hurt by lower traffic and increased promotional activity.
US women's wear retailer Chico's is to launch its namesake brand in Mexico as part of a franchise deal with department store group El Puerto de Liverpool.
US women's wear retailer Chico's has swung to a third-quarter loss after impairment charges related to its Boston Proper catalogue business offset growing sales.
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