Exchange rate variations could “significantly” influence China's textile and apparel exports, a consultancy has suggested, after the governm...
The growth of e-commerce and m-commerce is on the rise but retailers still need to do more to better meet consumer expectations online, acco...
US department store retailer Kohl's Corporation last week held its first investor day for seven years, setting out detailed plans for future growth. Building on an agenda announced earlier this year, analysts say the new initiatives are necessary and overdue.
A review of the work carried out so far by the Alliance for Bangladesh Worker Safety says the group has made "significant and laudable progress" over the past 12 months - but pulls no punches when it comes to the many challenges that still lie ahead.
The group of North American brands and retailers - including Wal-Mart Stores, Gap Inc and VF Corporation - working to improve safety in Bangladesh's ready-made garment factories appears to be sourcing more products from the country as efforts to upgrade the industry take hold. But one year on, progress is "far from over", with the total cost likely to be in the region of $150m and take 12-18 another months to complete.
Engaging more deeply with customers, and offering a seamless capability no matter where or how they shop, is set to remain one of the biggest challenges for retailers in the year ahead according to experts at Retail's 'Big Show,' the National Retail Federation's 103nd Annual Convention & Expo that took place last week in New York.
China-based shirt manufacturer and yarn supplier Luthai Textile Co has its sights firmly set on growing its global business. Earlier this month, as the company revealed plans to open an office in New York, Michelle Russell talked to Luthai general manager Liu Zibin about the rationale behind the move.
In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Carter's booked a record quarter, VF Corporation revealed a fall in both sales and earnings for the fourth quarter, while Kate Spade says it is exploring its options as it revealed higher sales and earnings. Meanwhile, Walmart booked lower earnings on the back of lower international sales and investment in its store and online proposition, and Macy's saw both earnings and sales fall.
Terry Lundgren, the outgoing CEO of department store retailer Macy's, says the company will "do the right thing" for its shareholders in the wake of rumours it may be seeking a buyer.
Indian conglomerate Aditya Birla is keeping tight lipped on reports it has partnered with Canadian retailer Hudson's Bay Company (HBC) to launch the Saks Fifth Avenue banner in India.
Canadian retailer Hudson's Bay Company (HBC) is understood to have made a takeover bid to US retail giant Macy's, according to a flurry of media reports this-afternoon.
US retail giant Macy's has slashed its full-year profit outlook and says it plans to cut more than 10,000 jobs through store closures and moves to streamline its management team.
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.
In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter.
US retail giant Macy's is to shutter 100 stores – almost 15% of its full-line stores – over the next 12 months as part of ongoing plans to try to put the business back on track and strengthen its omnichannel offer.
Terry Lundgren, the CEO of US department store retailer Macy's, is to step down after 13 years at the helm, making way for Jeff Gennette to transition into the role.
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.
Macy's, Kohl's, and Kate Spade & Co are among a number of top apparel groups that have committed to mentoring at this year's New York Fashion Tech Lab (NYFT Lab).
US retail giant Macy's has created two new senior executive posts in a bid to aggressively grow its omni-channel business.
Starboard Value, an activist shareholder in Macy's, is urging the US retail giant to pursue potential joint venture deals for its stores in order to unlock greater value from its real estate.
US retail giant Macy's is to lay off thousands of workers in a round of cost reductions designed to save the department store operator around US$400m a year after a "disappointing" holiday 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.
With demand for athleisure products growing, US women's wear retailer Bebe Stores has launched an athleisure footwear line at US department store Macy's.
US retailer Macy’s is phasing out its Donald Trump men’s wear line after the businessman and presidential candidate made insulting comments about Mexican immigrants.
US department store retailer Macy's is piloting a customised alterations service for online purchases as part of a collaboration with tailoring business zTailors.
Delayed product shipments from the west coast port slowdown combined with severe winter weather have resulted in a double-digit first-quarter profit decline for US department store retailer Macy's.
US department store retailer Macy's has issued a “conservative” outlook for fiscal 2015 after a rise in promotions led to a drop in fourth-quarter net profit.
Retail giant Macy's has announced a wholesale reshuffle of its executive team as part of plans to drive the company’s restructured omnichannel capabilities.
Jones New York has become the US apparel industry's latest casualty, revealing it will close all 127 of its stores and end its wholesale business as the women's clothing brand seeks strategic alternatives.
Macy's has revealed plans to relocate its West Sacramento fulfilment centre to a larger facility in Sacramento County to support continued sales growth driven by its omni-channel strategy.
What a difference two years makes. In the past couple of weeks major US retailers including Walmart, Target, Macy's and Nordstrom have all lowered their forecasts for the rest of the year citing sluggish sales, cautious consumers and general economic uncertainty. But for specialty clothing retailer Gap Inc it's a different story.
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