Urban Outfitters 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...
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,...
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.
Decidedly at odds with fast fashion, the slow fashion movement offers an alternative to mass-produced clothing and is steadily gaining momentum. But while some believe more work is required if the message is to really take off, others see it as an ideal opportunity for middle market players.
Urban Outfitters has set out ambitious plans to double its topline sales by 2020 through an expanded product offering, enhanced customer experience, and wider distribution. The news has been met with a mixed reaction from analysts.
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.
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.
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 apparel firm Urban Outfitters is hoping to provide a more optimised shopping experience for its customers with the adoption of a new predictive analytics tool.
US lifestyle retailer Urban Outfitters has promoted David McCreight to president, with responsibility for overseeing strategic international development and global direct-to-consumer initiatives.
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.
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.
Ted Marlow, the CEO of US lifestyle retailer Urban Outfitters Group, has announced his intention to retire.
Urban Outfitters is weathering the tribulations of the youth fashion market far better than its competitors, one analyst believes, despite first-quarter profit and sales that missed expectations.
Urban Outfitters has closed its financial year with what analysts believe is a relatively strong set of sales numbers, albeit it driven by extensive discounting.
US lifestyle retailer Urban Outfitters is to relocate its South Carolina e-commerce fulfilment centre to a new location in Pennsylvania.
US lifestyle retailer Urban Outfitters has booked record holiday sales and positive retail segment comps at each of its brands.
US lifestyle retailer Urban Outfitters has revealed record third-quarter sales but saw earnings plummet as weakness at its namesake stores offset strength at its other fascias.
US lifestyle retailer Urban Outfitters said the negative comparable retail sales it reported in September have continued into its third-quarter.
The Urban Outfitters brand is "on the mend", analysts have said, after the lifestyle retailer revealed second-quarter earnings above consensus estimates and an increase in sales.
A turnaround is unlikely for Urban Outfitters in the near term, analysts believe, but changes could yield incremental improvements.
Boston-based investment firm Berkshire Partners LLC has committed to invest $350m in innovative, high-growth retail and consumer businesses through a new company set up by Glen Senk, the former CEO of Urban Outfitters.
Weakness at Urban Outfitters' namesake brand is likely to continue into the first quarter for the lifestyle retailer, according to analysts.
Lifestyle retailer Urban Outfitters has cautioned on its current quarter, despite booking an increase in fourth-quarter earnings.
Stephen Murray is to step down as president for Europe, the Middle East and Africa (EMEA) at footwear specialist Deckers Outdoor Corp at the end of the year.
Adidas, Marks and Spencer, Patagonia and Phillips-Van Heusen have been named among the companies taking the most comprehensive steps to stop cotton from Uzbekistan picked with forced labour from entering their supply chains.
Happy New Year from the team at just-style.
Ever-sensitive Urban Outfitters has landed itself in hot water again. This time the US teen fashion retailer has managed to offend Hindus with one of its Christmas offerings.
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