Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditio...
For the second year in a row, it seems consumers are being more restrained when it comes to back-to-school shopping. But with new fashions,...
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.
Where once retailers invested in e-commerce as an extension of their physical stores, an acceleration in shopping online means they are now seeking a sustainable balance between the two - in addition to adapting their supply chains in order not to lose out.
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.
Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between their own initiative and a separate scheme backed by 70 mainly European companies. That said, there are considerable differences too.
Hot on the heels of expanding its Dockers brand license agreement with Levi Strauss & Co for the third time in four months, Hampshire Group CEO Paul Buxbaum is optimistic the company turnaround is starting to take hold. Here he talks to just-style about new opportunities and on-going efforts to leverage the firm's supply chain.
TAL Apparel, one of the world's leading garment suppliers, has turned the threat of inflation across the supply chain into an opportunity to do things differently. Here CEO Dr Harry Lee tells just-style how the Hong Kong based firm's long-time focus on efficiency, sustainable development, and added value is helping to combat rising costs and set it apart from the competition.
In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions.
Upscale US fashion retailer Nordstrom is switching to an innovative POS system in the cloud in a bid to attend to customers more quickly, and better manage and track information.
UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.
Nordstrom has named long-time company executive Geevy Thomas as chief innovation officer, a new role created by the US fashion retailer.
Kumar Srinivasan, chief technology officer of upscale US fashion retailer Nordstrom, is understood to have stepped down after serving in the role for less than ten months.
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.
Upscale US fashion retailer Nordstrom is accelerating its e-commerce, digital and mobile efforts with several leadership changes, including the promotion of Ken Worzel as president of Nordstrom.com.
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 upscale fashion retailer Nordstrom is hoping to reduce supply chain complexity with the acquisition of a minority stake in software group DropShip Commerce (DS Co) and its Dsco platform.
US upscale department store retailer Nordstrom has revealed it will be cutting up to 400 jobs in a move designed to save US$60m this year as it makes changes to its business model.
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.
US upscale fashion retailer Nordstrom has confirmed it has cut 120 jobs from its technology group less than a month after recording a double-digit decline in fourth-quarter net profit.
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 department store retailer Nordstrom is tapping into the trend for personalisation by establishing closer ties with custom shoe maker Shoes of Prey, becoming one of the equity partners in its latest US$15.5m funding round.
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.
US upscale fashion retailer Nordstrom is bolstering its partnership with J Crew's Madewell brand by doubling the number of stores that sell the line to 30.
US upscale fashion retailer Nordstrom has reaffirmed its full-year EPS outlook despite seeing earnings slide in its first quarter on the back of acquisition costs.
Outdoor luxury apparel company Canada Goose has opened a sales office in New York as it gears up to meet surging demand for its products in the US.
L Capital Asia, the private equity firm backed by luxury goods group LVMH Moët Hennessy Louis Vuitton, has acquired a controlling stake in Australian swimwear company Seafolly.
Analysts have praised Nordstrom for a "strong" third-quarter helped by higher sales, but warned the US retailer faces near-term challenges.
Phoenix Footwear Group has booked a 71.6% jump in third-quarter net profit, thanks to higher sales.
US athletic apparel and footwear retailer The Finish Line has appointed Samuel Sato, formerly president if the Finish Line brand, as group president.
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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