Holiday shopping season begins
The Black Friday shopping bonanza sets a precedent for holiday season sales in the US. But rarely has it been more important to fashion retailers as many try to manoeuvre their way out of the red after an all-round colourful third quarter. Joe Ayling reports.
In the money: Retailers pin hopes on Black Friday
28 November 2008
The Black Friday shopping bonanza sets a precedent for holiday season sales in the US. But rarely has it been more important to fashion retailers as many try to manoeuvre their way out of the red after an all-round colourful third quarter. Joe Ayling reports.
US: Dillard’s slumps to US$56m Q3 loss
27 November 2008
Falling sales and one-off charges sent department store chain Dillard’s spiralling to a US$56m loss in the third quarter, despite a range of cost-saving measures.
US: J Crew lowers outlook as Q3 profit slumps
26 November 2008
Retailer J Crew Group Inc has lowered its full-year outlook after markdowns and higher inventory cut into third quarter profit.
US: Delia’s swings to Q3 profit, to restructure on CCS sale
26 November 2008
Fashion retailer Delia’s Inc has swung to a third quarter profit, helped by a tax benefit and higher sales and margins, but says it will restructure and cut costs after selling its skate-wear business earlier this month.
US: American Eagle Q3 profit falls, cuts spending plans
26 November 2008
Third quarter profit at American Eagle Outfitters Inc has more than halved on lower same-store sales and higher markdowns, prompting the youth apparel retailer to cut its capital spending plans next year.
US: DSW cuts FY earnings forecast as Q3 profit dips
26 November 2008
Cut-price footwear retailer DSW has reduced its full-year profit forecast after the company’s third quarter profit fell 41% to US$13.2m.
US: Brown Shoe Q3 profit hit by charges
26 November 2008
One-off charges related to headquarters consolidation and IT initiatives more than halved third quarter profits at footwear retail group Brown Shoe Company.
US: Chico’s cuts spending as Q3 profit slumps
26 November 2008
Apparel retailer Chico’s has cut capital spending and expenses after reporting a slump in third quarter profit to just US$2m.
US: Talbots Q3 loss widens, gets committed credit lines
25 November 2008
Women’s wear retailer The Talbots Inc has widened its third quarter loss after closing its non-core Talbots Kids, Mens and UK businesses and being hit by a steep decline in consumer traffic and spending.
US: Charming Shoppes widens Q3 loss, to begin restructuring
25 November 2008
Plus-size women's wear retailer Charming Shoppes is to discontinue its loss-making Lane Bryant Woman catalogue and close around 100 stores in 2010, after widening its third quarter loss.
US: Holiday retail traffic could fall by 9.9% - research
24 November 2008
Research firm ShopperTrak is predicting that retail traffic in the upcoming holiday season could fall by as much as 9.9% and that sales will rise by just 0.1% - both record lows.
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