December proved to be a dismal month for the handful of US apparel retailers still reporting comparable sales figures, with soft in-store tr...
Monthly same store sales growth for the handful of US apparel retailers still reporting their figures has been anaemic since February 2015,...
Upside surprises were provided in September by two of the US apparel retailers who still report their monthly sales thanks to an uptick in consumer confidence and improving unemployment rates. The remaining three failed to capitalise, however, with The Buckle faring the worst.
With the second-biggest shopping season of the year now underway, analysts are cautiously optimistic that back-to-school sales will provide a much-needed lift for US clothing retailers thanks to several key trends and well-controlled inventory levels.
July proved to be another challenging month for the few US apparel retailers who still report their monthly sales, with the majority reporting comparable declines. Unseasonable weather, clearance and promotional activity, and even the impact of Pokemon Go are all blamed.
June proved to be a more positive month for the few US apparel retailers who still report their monthly sales, thanks to better weather conditions and the Memorial Day holiday shift.
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 fourth-quarter filings from US apparel and footwear brands and retailers, Carter's booked a record quarter, VF Corporation revealed a fall in both sales and earnings for the fourth quarter, while Kate Spade says it is exploring its options as it revealed higher sales and earnings. Meanwhile, Walmart booked lower earnings on the back of lower international sales and investment in its store and online proposition, and Macy's saw both earnings and sales fall.
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.
L Brands, owner of the Victoria's Secret, Pink and La Senza brands, has narrowed its third-quarter earnings guidance.
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.
More favourable hot and dry weather and an uptick in consumer confidence resulted in a bounce-back in US same-store sales for August. For the few apparel retailers who still report their monthly sales, however, an increase in technology and travel spend weighed on monthly results.
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.
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.
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