This week's third quarter figures suggest that US fashion retailers appear to have steadied the ship - at least on the bottom line.
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.
Footwear retailer Shoe Carnival has named former Sports Authority executive Clint Pierce as its vice president and divisional merchandise manager for athletic footwear.
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.
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.
With the holiday season done and dusted, US apparel and footwear retailers are now counting the cost. In the most recent results, New York & Co has narrowed its fourth-quarter outlook despite posting an increase in comparable store sales, while Express has lifted its guidance. Shoe Carnival, Genesco and American Eagle Outfitters all booked increases. However, Bon-Ton Stores and Ascena Retail Group posted declines.
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.
Footwear retailer Shoe Carnival has developed a small-market concept that it says will allow the company to expand into new, and fill-in, existing markets.
Footwear retailer Shoe Carnival saw its earnings and sales climb in the first quarter despite a “challenging” start to the year.
Shoe Carnival said national advertising, better brands in its women’s department and “aggressive” multi-channel initiatives helped boost fourth-quarter earnings and sales for the group.
Footwear retailer Shoe Carnival posted a slight reduction in third quarter net profit, despite rises in both sales and comparable store sales in the three months to 1 November.
Value footwear retailer Shoe Carnival more than halved its net profit during the second quarter, after store traffic remained soft in a "choppy" sales environment.
Value footwear retailer Shoe Carnival has reported a decline in first-quarter profit, after harsh weather kept shoppers away from its stores.
A drop in sales during the fourth quarter has led to an 81% slump in profit at value footwear retailer Shoe Carnival.
Shoe Carnival saw it share price slide yesterday after the US footwear retailer lowered its fourth-quarter earnings guidance.
Value footwear retailer Shoe Carnival has blamed an unfavourable calendar shift for a 10.7% decline in third-quarter net profit.
US footwear retailer Shoe Carnival saw second quarter net profits double during the second quarter on rising sales and improving margins.
Shoe Carnival has named Kent Zimmerman as its new vice president of e-commerce as the value-price footwear and accessories retailer looks to drive online growth.
US footwear and accessories retailer Shoe Carnival has seen its first-quarter net profit decline 13.6% after wetter weather dampened sales growth.
US footwear retailer Shoe Carnival saw fourth quarter net earnings edge down, despite sales increasing over the quarter.
Value-priced footwear retailer Shoe Carnival has lowered its fourth-quarter earnings guidance for the second time this year, after colder weather negatively impacted athletic sales.
US footwear retailer Shoe Carnival has lowered its fourth-quarter earnings guidance, blaming unseasonably warm weather early in the period.
Value footwear retailer Shoe Carnival has appointed Carl Scibetta as executive vice president and general merchandise manager.
Shoe Carnival said it is "well positioned" to capitalise on holiday sales after the value-priced footwear retailer posted a 16.9% rise in third-quarter net profit on the back of improved margins and increased sales.
Mark Lemond, CEO of value-priced footwear retailer Shoe Carnival, will retire due to health reasons at the end of October after 16 years in the role.
Value footwear retailer Shoe Carnival has booked a 5.3% rise in second-quarter net profit on the back of increased sales and better-than-expected merchandise margins.
Footwear retailer Shoe Carnival reported an 11% increase in first quarter net income on the back of rising sales.
Value-priced footwear retailer Shoe Carnival has appointed James Aschleman to its board of directors.
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