TJX Companies Inc
Upward pressure on sourcing costs is one of the new challenges set to face US apparel retailers in 2016 as a "fair, living wage" and "decent...
Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditio...
As the threat of a US West Coast port shutdown looms, analysts already estimate the ongoing disruption could add an eye-watering US$36.9bn to costs over the next 24 months. As the congestion continues to cause headwinds for apparel businesses, retailers are being told they must investigate new supply chain options, including more near- and on-shoring.
The second biggest shopping season of the year is drawing to a close, but it appears many people have yet to wrap up their back-to-school buying. With consumers continuing to remain cautious about their spending, promotions and bargains are set to drive sales for clothing and footwear retailers this year - with those offering on-trend product likely to fare best.
The growth of inexpensive private label apparel is ending as the sector becomes less and less competitive, according to new research.
North America may no longer take centre stage in the global apparel market, but the recession has by no means sounded the region's curtain call, according to Euromonitor International.
In the most recent first-quarter filings from US apparel brands and retailers, Urban Outfitters and American Eagle Outfitters both revealed strong results, while JC Penney narrowed its net losses but booked a drop in sales. Skechers, Carter's and Columbia Sportswear, meanwhile, all recorded record sales performances for the quarter, while Under Armour posted another solid quarter of revenue growth.
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.
Off-price retailer TJX Companies has appointed Ernie Herrman as its chief executive as part of a CEO succession plan announced last October.
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.
The CEO succession plan at TJX Companies is a positive move by the US retail group, analysts have said, as Ernie Herrman gets set to take the helm early next year.
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 retail group The TJX Companies has signed an agreement to purchase Australian off-price fashion retailer Trade Secret.
US off-price retailer The TJX Companies has upped its full-year earnings guidance on the back of a “strong” first-quarter performance.
Bernard Cammarata, the chairman and founder of US off-price retailer The TJX Companies is to retire.
Across-the-board sales and comps increases for its divisions helped cut-price retail group The TJX Companies to record a 15% lift in fourth-quarter net profit.
Solid results are expected for apparel retailers TJX Companies and Ross Stores, analysts have said, thanks to the ongoing resilience and competitive strength of the off-price business model.
Holiday apparel sales increased by as little as 1% in the US, with higher online spending offsetting continued weakness at bricks and mortar stores.
US off-price retailer The TJX Companies says it is pleased with its third-quarter performance after booking earnings that met analyst expectations.
Off-price retailer The TJX Companies has booked an increase in second-quarter earnings and upped its EPS guidance for the full year.
The TJX Companies reported earnings in its first-quarter that came in below the firm's expectations thanks to negative forex rates and weak apparel sales.
The TJX Companies has booked a drop in earnings in the fourth quarter amid a competitive retail environment and poor weather conditions.
The TJX Companies has lifted its full-year earnings outlook, after higher sales and improved margins helped the off-price retailer to record a 35% increase in third-quarter net profit.
Off-price retailer The TJX Companies has raised its third-quarter and full-year earnings and sales guidance on the back of a tax benefit.
UK fashion retailer Arcadia Group has added two trading directors to its BHS chain.
Off-price retailer The TJX Companies has raised its full year outlook after reporting a 13.9% increase in second quarter earnings, thanks to higher sales and margin improvement.
Off-price retailer The TJX Companies expects full-year earnings per share to be at the upper end of its previous guidance after first-quarter profit rose 8%.
Some 5,000 pairs of Stuart Weitzman-branded girls' Cha Cha boots, which were manufactured in China, have been recalled by footwear specialist Synclaire Brands for posing a fall hazard.
Off-price retailer The TJX Companies has seen its fourth-quarter profit jump 27% after increased consumer traffic led to a rise in sales.
Retailer TK Maxx has settled out of court after being sued by The Harris Tweed Authority over alleged breaches of the hand-woven cloth’s trademark.
The TJX Companies, Inc. (TJX) - Financial and Strategic SWOT
The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions retailer....
The TJX Companies, Inc. - Strategy and SWOT Report
The TJX Companies, Inc. - Strategy and SWOT Report, is a source of comprehensive company data and information....
Footwear in Poland
Footwear in Poland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018). The profile also contains descripti...
- Vietnam – Are we too late to the party?
- Central America must make better use of DR-CAFTA
- The difference between compliance and safety?
- How M&S plans to revamp its clothing business
- Yarn-forward rules weigh on Vietnam TPP potential
- Nike management changes to drive innovation
- US Q1 in brief – Guess, Burlington Stores, Sears
- Social responsibility key to winning millennials
- H&M commits to DBL Group's new Ethiopia factory
- Cambodia apparel sector sees falling productivity
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Victoria's Secret Stores, Inc.: Retailing - Company Profile & SWOT Analysis
- Nike Inc in Apparel and Footwear (World)
- Apparel Accessories in Hong Kong, China
- Practical Price Negotiation for Apparel Sourcing Professionals