Sears Holdings Corporation
Transparency among apparel brands and retailers appears to be mixed when it comes to sourcing cotton from Uzbekistan. New research has revea...
Just as it seemed things couldn’t get any worse for American Apparel, reports emerged earlier this month that the struggling retailer has be...
The role played by factoring in the apparel supply chain came under the spotlight last week with reports suggesting that factoring companies have scaled back on coverage to vendors supplying department store retailer Sears Holdings. However, the transaction offers a lifeline to many apparel makers, and is seeing a resurgence as a major source of capital for the industry.
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.
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.
Harry Debes’ first year as CEO of Lawson Software was dominated by the company’s merger with Intentia International, in early 2006. Now, 15 months after the deal’s completion, he tells just-style how the firm is leveraging its strength in the fashion sector with some exciting new ERP software developments, to help companies reduce lead times and improve delivery performance.
Sears Canada has widened its net losses in the first quarter and recorded declines in sales and gross margin as the department store retailer focuses on re-engineering the business to drive future growth.
US retail giant Sears Holdings is to close 68 Kmart and ten namesake stores this summer as part of "aggressive" plans to strengthen the company and return it to profitability.
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.
Sears Holdings is to try to improve the performance of its apparel division through changes to sourcing and pricing, accelerate the closing of unprofitable stores, and implement additional cost savings, after forecasting a net loss in its fourth-quarter.
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.
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.
US department store group Sears Holdings Corp is to sell around 250 stores through the creation of a real estate investment trust, in a bid to raise US$2.5bn as part of its cost cutting efforts.
Sears Holdings Corp has booked mixed results in its fourth-quarter but is optimistic improvements can be made.
Apparel retailer Lands' End has named Dolce & Gabbana USA president Federica Marchionni as its new CEO, following the resignation of CEO Edgar Huber.
US department store group Sears Holdings is to cut 115 corporate jobs, the majority at its head quarters in Illinois, as part of cost cutting efforts.
US department store retailer Sears Holdings has booked another loss in its third-quarter, as sales continue to decline.
US department store retailer Sears Holdings has said it's considering selling up to 300 stores in a bit to boost its finances.
Sears Holdings has announced its intention to raise as much as US$625m through an unsecured loan and equity warrants in a bid to generate additional liquidity and shore up its balance sheet.
UK value fashion retailer Primark has inked a deal with Sears Holdings which will see it lease space in seven stores in the US, a move that could be a sign of things to come.
The most-read stories on just-style last week included a look at the impact of China tightening up on corporate social responsibility, analyst opinion on JC Penney's new CEO, and an overview of Glenn Murphy's seven-year tenure at Gap.
Sears Holdings Corp commenced its rights offering, through which it plans to raise up to US$380m by selling off the majority of its stake in Sears Canada to generate additional liquidity.
Ronald Boire, the EVP and chief merchandising officer of Sears Holdings' Kmart and Full Line formats has joined the firm's Canadian division as acting president and CEO.
Kmart, a subsidiary of Sears Holdings, has revealed that its payment data systems have been breached, affecting around 1,200 of its stores.
Shares in US department store group Sears Holdings tumbled nearly 17% in trading yesterday (8 October) in response to reports that at least one "medium-sized" vendor had halted shipments to the retailer.
Sears Holdings plans to raise up to US$380m by selling off the majority of its stake in Sears Canada to generate additional liquidity ahead of the all-important holiday season.
Sears Canada CEO Douglas Campbell has resigned after one year in the post, citing personal reasons.
Sears Holdings is borrowing $400m from an investment fund headed by the department store retailer's chairman and CEO Edward Lampert, in a move that comes days after Fitch Ratings lowered its credit rating on the company.
Experts on China's textile and apparel industry say that international brands must take increasing care to ensure their sourcing is environmentally and socially responsible, ahead of an anticipated tightening of government restrictions.
If evidence is needed as to the new direction likely to be pursued by US retail giant Gap Inc, look no further than the company's new leadership change. It was revealed last week that CEO Glenn Murphy is to step down in February, making way for Art Peck, the head of Gap's digital division.
Sears Holdings Corporation (SHLD) - Financial and Strategic
Sears Holdings Corporation (Sears Holdings) is a retailing company that operates full-line and specialty retail stores. It operates stores through cross-channel transactions such as free store pickup,...
Kmart Corporation - Strategic SWOT Analysis Review
Kmart Corporation (Kmart), a subsidiary of Sears Holdings Corporation, is a retailer of apparels and other related products....
Baby Clothing Market in the US 2015-2019
Baby clothing refers to clothing for infants and toddlers aged between 0 to 36 months. It includes apparel such as outerwear, innerwear, nightwear, socks, and tights designed for babies. The clothes a...
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