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US apparel retailers' May 2016 sales roundup
April showers did not bring forth May revenue flowers as the slow start to the spring season continued for the few US apparel retailers who still report their monthly sales.
US apparel retailers' April 2016 sales roundup
The spring season appears to be off to a slow start for the few US apparel retailers who still report their monthly sales, with cool, wet weather continuing to dampen demand for spring clothing collections.
US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity
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.
US apparel retailers' March 2016 sales roundup
March proved to be a challenging month for the few US apparel retailers who still report their monthly sales, with many hampered by the early timing of Easter this year. And the outlook for April is mixed as cold weather is cooling demand for spring clothing collections.
Update – US apparel retailers' February 2016 sales roundup
February proved to be a mixed month for US apparel retailers as market volatility spooked investors and consumers, while low gas prices, positive housing data and upbeat labour market indicators suggested consumers had the means to spend.
Update – US apparel retailers' January 2016 sales roundup
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.
US apparel retailers' December 2015 sales roundup
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.
US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse
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.
US apparel retailers' November 2015 sales roundup
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.
UPDATE: US apparel retailers' October 2015 retail roundup
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.
US apparel retailers' September 2015 sales roundup
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 Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree
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.
UPDATE: US apparel retailers' August 2015 sales roundup
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.
UPDATE: US apparel retailers' July 2015 retail roundup
July proved to be a difficult month for the apparel chains reporting monthly sales, with several hurt by tax holiday shifts in some southern states into August from July last year. As a result, retailers are not heading into the key back-to-school selling season with much momentum.
US apparel retailers' June 2015 retail roundup
An improving US labour market, rising consumer confidence and higher wages were not enough to spark a significant break-out in spending in June, with half of the clothing chains reporting monthly comparable store sales seeing lower or flat trends.
US Q1 in brief: Finish Line, Cherokee, Destination Maternity
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.
UPDATE: US apparel retailers' April 2015 retail roundup
A shift in the timing of Easter, coupled with the lingering adverse effects of the West Coast port delays, as well as an economic soft patch in the first quarter, led to the majority of US apparel retailers recording comparable store sales declines in April.
US apparel retailers' March 2015 sales roundup
While the earlier Easter this year helped the majority of US apparel retailers to book comparable store sales growth in March, adverse weather conditions, an economic soft patch during the first quarter, and lingering effects of the West Coast ports labour dispute weighed on overall results.
Cato Corp warns of "challenging" 2015
Value fashion retailer Cato Corp has warned that 2015 may continue to be challenging, despite more than doubling its net profit during the fourth quarter, and favourable weather boosting sales.
US apparel retailers' February 2015 sales roundup
US apparel retailers reported mixed comparable store sales in February, as significant headwinds including extreme winter weather, additional costs and delays from the West Coast ports slowdown, foreign exchange rates and higher gas prices all weighed on results.
UPDATE: US apparel retailers' January 2015 sales roundup
US apparel retailers got off to a good start in January, with the majority posting comparable store sales gains, helped by post holiday clearance sales and stronger comparisons with last year, when severe weather hampered results.
US apparel retailers' December 2014 sales roundup
Deep discounts, lower fuel prices and an improved employment market all helped to drive better-than-expected comparable store sales gains for US apparel retailers in the crucial month of December.
US apparel retailers' November 2014 sales roundup
Early Black Friday promotions, falling fuel prices, and labour market improvements all helped the majority of US apparel retailers to record better-than-expected comparable store sales growth in November.
US retailer Cato Corporation has revealed third-quarter earnings and sales that exceeded the firm's guidance.
US apparel retailers' October 2014 sales roundup
October proved to be another mixed bag for US apparel retailers. While the majority reported comparable store sales gains thanks to an improving economy and strong consumer demand, others were impacted by warmer weather during the month.
US apparel retailers' September 2014 sales roundup
As back-to-school shopping tailed off in the first part of September, so too did sales for many US apparel retailers. Negative surprises from the likes of Gap, outweighed better-than-expected results from retailers such as L Brands & Zumiez.
US apparel retailers' August 2014 sales roundup
Against an improving economic backdrop and a highly promotional retail environment, back-to-school shopping helped to push comparable store sales up for most US apparel chains in August.
US: Cato Corp reaffirms guidance as Q2 earnings grow
Cato Corporation has recorded an increase in second-quarter earnings and reaffirmed its EPS guidance for the full year.
US apparel retailers' July 2014 sales roundup
Aggressive promotions by US apparel retailers in August provided consumers with incentives to shop - leading to better-than-expected comparable store sales growth for the month. The focus is now turning to the upcoming back-to-school shopping season.
US retailers' June 2014 sales roundup
An improving employment picture, favourable weather for purchases of summer clothing, and heavy promotions fuelled better-than-expected sales for US apparel retailers in June - but analysts have warned that headwinds remain.
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