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.
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.
Stockholders in action sports retailer West 49 have overwhelmingly backed plans to sell the company to surfwear business Billabong International.
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...
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