March proved to be a challenging month for the few US apparel retailers who still report their monthly sales, with many hampered by the earl...
February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, pos...
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.
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.
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.
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.
The most-read stories on just-style this week include at look at US apparel sales figures for May, just-style speaks with the chairman of sourcing specialist William E. Connor, and Levi joins forces with internet behemoth Google to design "smart jeans".
Retailer Zumiez reported another three months of double-digit revenue increases in the fourth quarter, but charges related to its Blue Tomato acquisition led to a fall in profit.
Action sportswear and footwear retailer Zumiez delivered double-digit earnings growth in its third-quarter driven by higher than expected sales and lower than planned operating expenses.
Action sportswear and footwear retailer Zumiez has said it is "pleased" with its 57.3% increase in second-quarter net profit, driven by higher-than-expected sales.
One-off charges resulted in flat earnings for action sportswear and footwear retailer Zumiez in the first quarter.
One-off gains and higher sales helped action sportswear and footwear retailer Zumiez to report a 17.3% increase in fourth-quarter net profit.
US sportswear brand Zumiez booked a drop in earnings in the third quarter hurt by one-off charges but offered an optimistic long-term outlook.
Sportswear brand Zumiez saw second quarter net income surge on the back of expansion.
US sportswear retailer Zumiez saw first-quarter net income almost halve on the back of costs relating to its acquisition of sports retailer Blue Tomato.
Action sportswear and footwear retailer Zumiez has reported a 22.1% rise in fourth-quarter net profit, boosted by double-digit sales growth - but forecasts a weaker first-quarter performance.
US sportswear retailer Zumiez has seen its third-quarter net profit slip on the back of a series of one-off costs.
US sportswear retailer Zumiez has booked a 19.5% decline in second-quarter net profit after acquisition costs offset higher sales.
US action sportswear retailer Zumiez has promoted vice president and controller Christopher Work as its new CFO, following the resignation of Marc Stolzman last week.
Action sports apparel and footwear retailer Zumiez Inc is to buy European snow and skatewear business Blue Tomato for EUR59.5m (US$75m) in a deal seen as a stepping stone to international expansion.
Zumiez has posted a 140% jump in first-quarter net income as the US sportswear retailer improved profit margins and grew sales.
US sports retailer Zumiez has announced a jump in fourth-quarter profit on the back of rising sales.
Sportswear retailer Zumiez has announced plans to relocate its e-commerce fulfilment operations from its Washington headquarters to the Kansas City region in May.
US action sportswear retailer Zumiez has seen its third-quarter profit rise thanks to higher sales during the period.
Action sporting goods retailer Zumiez swapped last year’s first quarter loss for a $1.9m net profit as sales surged up 18.8%, with comparable store sales rising 12.6%.
Third quarter results at Zumiez Inc have beaten expectations after higher sales helped the action sports apparel and footwear retailer to a 143% profit hike.
Zumiez, Inc. - Company Capsule
Canadean's "Zumiez, Inc. - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services...
- Why have US FTA imports fallen to a record low?
- Collaboration key to the future of smart textiles
- First figures show Bangladesh exports climb
- Synergies Worldwide CEO unravels sourcing shifts
- Rana Plaza three years on – Timeline of change
- Hanesbrands to buy Pacific Brands for $800m
- BHS receives "expressions of interest"
- New loan deal to help upgrade Bangladesh factories
- Lindex planning supplier sustainability scorecard
- Timberland sets new eco-preferred standards