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...
Santa delivered some generally positive holiday sales results to US apparel retailers in December as they grappled with a rapidly changing o...
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.
Unseasonably warm weather weighed on US retailers' sales of autumn clothing in October, combining with sluggish mall traffic, softer Halloween sales, lacklustre income gains, and a continued shift in spending to motor vehicles, experiences and restaurants to push the majority of clothing chains to comparable store sales declines in the month.
September proved to be another mixed month for US clothing retailers. While a later Labor Day weekend and the tail end of back-to-school selling boosted sales for some, the holiday shift combined with unseasonably warm weather hampered others, leading to many chains posting comparable store sales declines.
US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, and extremely volatile equity markets in August. And although back-to-school spending picked up in the latter half of the month, the majority of clothing retailers 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.
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.
L Brands, the new, temporary name for Limited Brands, is to relocate its La Senza distribution centre operations from Montreal, Canada to its Columbus, Ohio base in the US to "better meet customer demand" worldwide.
Global lifestyle brand Guess has appointed Sharleen Ernster Lazear to the newly-created role of chief design officer, where she will oversee all product categories for the company's brands.
Global Erotic Lingerie Market 2015-2019
Lingerie traces its origin from the French word “linge,” which stands for linen. The fabrics used for manufacturing erotic lingerie are nylon, satin, silk, polyester, and laces....
Online Lingerie Market in the US 2015-2019
Lingerie is a term used for women's innerwear. It originated from the French word 'linge' for linen. Though in French the term is used for both male and female undergarments, in English it is solely u...
Clothing and Apparel Stores Industry (U.S.): Analytics, Exte
Vital industry-specific data including metrics, benchmarks, historic numbers, growth rates and forecasts that will save countless hours of research....
- Under Armour defends questions over strategy
- Cheap polyester contributes to cotton import shift
- TPP trade pact in milestone signing by 12 nations
- Combating the new normal – 10 trends for 2016
- Gap deepens social and environmental efforts
- Bangladesh factory fire renews worker safety fears
- Syrian refugee children found in Turkish factories
- China factory activity continues to deteriorate
- Key Bangladesh safety issues still not fixed
- Southeast Asia – a strategic sourcing review
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Wearable technology: The future market potential for smart garments and e-textiles
- Global market review of denim and jeanswear – forecasts to 2021
- Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020
- E-Textiles: Electronic Textiles 2014-2024