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Denim and athleisure top picks for back-to-school
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For the second year in a row, it seems consumers are being more restrained when it comes to back-to-school shopping. But with new fashions,...
Featured reports from just-style's research store this week include an overview of underwear, nightwear and swimwear in Germany, a country report on Bangladesh, and a look at the prospects for Vietnam's textile and clothing industry.
Performance apparel and footwear maker Under Armour attributed its fourth-quarter profit growth to innovation and product expansion - and said this focus on innovation is set to continue in 2013.
Australia is increasingly becoming a nation of online shoppers, as the strength of the Australian dollar, combined with the ease of purchasing and lower prices being offered internationally, sees consumers flock to their computers, phones and tablets.
As Hurricane Sandy swept along the US East Coast earlier this week, US retailers were forced to close up to 10% of their stores, according to latest figures. As retailers begin to reopen stores again, analysts are now weighing up the long-term impact of the storm on apparel and footwear sales.
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In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.
US athletic wear retailer Foot Locker has acquired a minority stake in women’s luxury activewear brand Carbon38 in a deal valued at US$15m.
In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.
In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners.
In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions.
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.
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.
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.
Foot Locker has promoted Stephen Jacobs and Lewis Kimble in a move that will be a catalyst for the US sportswear and footwear retailer to deliver on its 2020 strategic initiatives.
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.
Under Armour has unveiled its newest retail presence after teaming up with one of the largest mall-based specialty athletic footwear and apparel retailers in the US to launch a premium store-within-a-store concept.
French Connection and Foot Locker have become the latest firms to be named and shamed under a new scheme by the UK Government for paying workers less than the minimum wage.
Specialist retailer Foot Locker has updated its long-term growth strategy, designed to deliver US$10bn in annual sales.
US speciality athletic retailer Foot Locker said it remains focused on executing its key strategies as it booked an increase in fourth-quarter earnings and sales.
The US has raised “serious” concerns over worker rights in Honduras and the enforcement of labour laws under the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA), following a probe into working conditions at facilities, including apparel factories.
Global fashion brands based in the US could face an increasing headwind from a strong dollar, an analyst has warned.
Off-price apparel retailer Burlington Stores has upped its full-year and fourth-quarter outlook thanks to better-than-expected holiday sales, and announced the appointment of Marc Katz as its new finance chief.
US speciality athletic retailer Foot Locker has delivered a "solid" performance in the third-quarter, thanks to better than expected comparable store sales.
US speciality athletic retailer Foot Locker has switched CEO, appointing company executive Richard Johnson to succeed outgoing chief Ken Hicks.
US speciality athletic retailer Foot Locker has switched CEO, appointing company executive Richard Johnson to succeed outgoing chief Ken Hicks.
US speciality athletic retailer Foot Locker has switched CEO, appointing company executive Richard Johnson to succeed outgoing chief Ken Hicks.
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