June proved to be a more positive month for the few US apparel retailers who still report their monthly sales, thanks to better weather cond...
Victoria's Secret is preparing to take its fitness performance to the next level after deciding to ditch beachwear and focus on sportswear i...
February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, positive housing data and upbeat labour market indicators suggested consumers had the means to spend.
Hurt by adverse weather conditions, a continued shift by consumers to invest in high-value items such as cars, and a general slump after the holiday period, it's no surprise US apparel retailers suffered in January, with many reporting comparable store sales declines.
Santa delivered some generally positive holiday sales results to US apparel retailers in December as they grappled with a rapidly changing omnichannel landscape, low and middle income consumers with limited discretionary spending power, and a very mild autumn that depressed clothing sales.
As US apparel retailers readied themselves for a busy Black Friday weekend, sales proved to be somewhat disappointing. Despite a more favourable macro backdrop to consumer spending this holiday season, the majority of clothing chains reported comparable store sales declines.
Among the industry executives who spoke with just-style this year were Tim Wheeler, president of Jockey's international division, Esquel Group's CEO John Cheh, and Joe Dixon, SVP of production at Brooks Brothers.
Bodyline was one of the first factories set up by Sri Lankan apparel manufacturing giant MAS Holdings in partnership with Victoria's Secret and Triumph. Looking back over the past 20 years, the company's CEO Dilan Gooneratne tells Petah Marian about the challenges Bodyline faced, and how the business was turned around in the midst of the economic crisis.
Inditex, Hennes & Mauritz (H&M) and Benetton have been praised by environmental activist group Greenpeace for being on track to clean up their chains, while Victoria's Secret, Esprit and sports brands Nike and LiNing are lagging behind the field.
The "seemingly abrupt" departure of Sharen Jester Turney, the CEO of Victoria's Secret, is unlikely to be a reflection on the fundamentals of the business, one analyst has said, after she announced her decision to retire late last week.
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.
Apparel company L Brands, owner of lingerie brands Victoria's Secret and La Senza, has upped its third-quarter earnings guidance and revealed plans to grow its store count globally by 30% in 2016.
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.
Victoria’s Secret and La Senza owner L Brands has raised its full-year earnings guidance after booking a near 60% hike in first-quarter net profit.
Textured Jersey Lanka says it is "back on a strong growth trajectory" as sales surged 29% in the second quarter thanks to a recovery in demand from its US customers.
US apparel retailer L Brands, formerly Limited Brands, is one of the few winners this quarter according to analysts, after it raised its third-quarter earnings guidance.
A drop in demand from some of its US customers after abnormal weather in the early part of the year kept shoppers away from stores, has weighed on first-quarter profits at knitted fabric manufacturer Textured Jersey Lanka.
L Brands, formerly Limited Brands, has lowered the top end of its full-year earnings guidance, despite booking a increase in first-quarter net profit.
L Brands has outlined plans to grow its Victoria's Secret brand in the UK and Middle East as part of its international growth strategy.
L Brands, formerly known as Limited Brands, has booked a mixed fourth-quarter with an increase in earnings but a drop in revenues.
Value apparel retailer Body Central has announced a series of changes to its management team, including the promotion of Patti Simigran to SVP and general merchandise manager.
Retailer Limited Brands, operator of the Victoria's Secret, Pink, Bath and La Senza stores, has lifted its full-year earnings guidance after booking a 25.3% jump in third-quarter profit.
Knitted fabric manufacturer Textured Jersey Lanka is gearing up for future growth with a number of new investments to add capacity, reduce energy costs and expand across the region.
US women's wear retailer Ascena Retail Group has appointed Judith Langley as the executive vice president and chief merchandising officer of its Dressbarn brand.
Former Coach president and chief operating officer Jerry Stritzke has been named chief executive officer of outdoor gear and apparel retailer REI (Recreational Equipment Inc).
US retailer Limited Brands (now known as L Brands) has raised its full year earnings guidance after it recorded a 24.5% increase in second quarter profit.
Victoria's Secret has moved to protect its Pink brand in the US, after shirt maker Thomas Pink sued the company over the use of the word in a UK court.
Former Marks & Spencer lingerie director Janie Schaffer is reportedly seeking more than GBP1m (US$1.4m) in compensation from the UK retailer.
Coast managing director Margaret McDonald is to leave the occasionwear retailer later this year to take up the role of president of Victoria's Secret lingerie.
Limited Brands (now operating under a new temporary name L Brands) has lifted its full-year earnings guidance after posting a 14.4% increase in first-quarter net profit.
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