Oxford Industries Inc
Liz Claiborne has spent the best part of the last two decades buying small, niche-oriented brands. But this week the company ushered in a new era by announcing plans to focus on smaller, more powerful labels and develop its own retail businesses. Whatever the outcome of its change of direction, Arnold Karr believes the standards for a “lifestyle brand” have now been permanently raised.
On the surface, the recent sale of Oxford Industries’ women’s wear division to Li & Fung appears another small deal that shifts yet more textile manufacturing from West to East. However, the sale is significant in that it concisely illustrates a number of trends currently affecting the clothing industry. David Robertson reports.
This week’s giveaway of Courtaulds Textiles to Hong Kong investor group PD Enterprises has been an expensive exercise for Sara Lee. But if dumping the former pride of Britain’s textile industry costs over US$500m, does this mean there’s no future in supplying the world’s clothing retailers? asks Mike Flanagan.
Clothing companies in the Colombian city of Medellín have chosen not to compete with low Chinese prices, but instead offer intelligent marketing policies and serious investment in social programmes. It's a gamble that seems to be paying off, as Jozef De Coster reports.
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.
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 clothing business Oxford Industries is expanding its portfolio by acquiring lifestyle apparel brand Southern Tide in a deal worth US$85m.
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.
Tommy Bahama president and COO Douglas Wood is to take the helm at the Oxford Industries-owned lifestyle brand following the retirement of CEO Terry Pillow.
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 apparel business Oxford Industries has completed the sale of its Ben Sherman men's wear brand to Marquee Brands for US$63.7m.
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.
After making “great progress” in 2014, US apparel business Oxford Industries is to pursue the sale of its Ben Sherman brand, saying it's the “right course of action”.
Oxford Industries, the owner of the Tommy Bahama brand, has moved to a loss in its third-quarter but offered a positive outlook for the remainder of the year despite the "difficult environment".
Oxford Industries saw its second-quarter profit fall despite what the apparel company described as a "pleasing" performance and an "outstanding" sales gain at Lily Pulitzer.
Oxford Industries, the owner of the Tommy Bahama and Lilly Pulitzer brands, has booked an increase in first-quarter earnings and reaffirmed its guidance for the full year.
Supply chain and operations specialist Jeff Streader has been named global chief operating officer (COO) of action sports and surfwear brand Billabong.
Oxford Industries, the owner of the Tommy Bahama and Lilly Pulitzer brands, has promoted Scott Grassmyer to the position of executive vice president of finance, CFO and controller.
Higher sales helped Oxford Industries, owner of the Tommy Bahama and Lilly Pulitzer brands, to more than double its fourth-quarter profit.
Oxford Industries, the owner of the Tommy Bahama and Lilly Pulitzer brands, has lowered its guidance for the fourth quarter and full-year.
US women's denim brand NYDJ Apparel has been acquired by private equity firms Crestview Partners and Maybrook Capital Partners from Falconhead Capital.
Oxford Golf, a division of Oxford Industries, is to implement the WFX PLM (product lifecycle management) software for apparel product development.
Oxford Industries, the owner of the Tommy Bahama and Lilly Pulitzer brands has lowered its full-year guidance despite recording a strong second quarter performance.
Tommy Bahama, a wholly-owned subsidiary of Oxford Industries, is to implement the hybris Commerce Suite to help improve its omni-channel commerce capabilities.
Women's apparel brand Lilly Pulitzer is implementing two supply chain commerce solutions from Manhattan Associates to support its omni-channel retail strategy.
Apparel group Oxford Industries recorded a cut in first quarter net profit, despite a slight increase in revenues, as the company invested in expanding its flagship brands.
Tommy Bahama, a wholly-owned subsidiary of Oxford Industries, is set to acquire the brand's Canadian operations from licensee the Jaytex Group, as part of ongoing expansion efforts.
Oxford Industries has appointed Mark Maidment as CEO of its Ben Sherman brand.
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