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US Q1 in brief – VF Corp, J.Jill, Francesca's
In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. VF Corp has reported a net loss of US$285.6m, while Francesca's has seen a 50% drop in net sales. Elsewhere, Macy's, Inc said its net loss totalled $3.58bn and PVH Corp has posted an "unprecedented" decline in revenue and earnings.
US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp
In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has posted a fall in both earnings and revenue, while VF Corp and PVH Corp have both reported a net loss. Elsewhere, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall.
US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco
In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell.
US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores
In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike.
Foot Locker invests $3m in e-commerce platform NTWRK
US sportswear retailer Foot Locker has announced a US$3m investment in youth culture e-commerce and content platform NTWRK.
US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands
In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker.
Foot Locker invests $100m in trainer resale site
Foot Locker Inc is to make a US$100m strategic investment in second-hand sneaker marketplace Goat Group, in a move it says will enable the two companies to provide an "unmatched" customer experience and elevate engagement across the entire trainer industry.
US Q3 in brief – Boot Barn Holdings, VF Corp
In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.
Foot Locker invests $3m in retail start-up Super Heroic
Athletic retailer Foot Locker Inc has taken a minority stake in innovative children’s footwear, and clothing business Super Heroic, an online startup founded by two former Nike executives.
US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn
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.
US Q3 in brief – Deckers Brands, Boot Barn Holdings
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.
Foot Locker takes stake in Carbon38 activewear
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.
US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding
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.
US Q1 in brief – Cherokee, The Finish Line, J Crew
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.
US Q4 in brief – Cherokee, Vince Holding, Destination Maternity
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.
US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears
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.
US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands
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.
Denim and athleisure top picks for back-to-school
With the second-biggest shopping season of the year now underway, analysts are cautiously optimistic that back-to-school sales will provide a much-needed lift for US clothing retailers thanks to several key trends and well-controlled inventory levels.
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.
Foot Locker promotions to drive long-term growth
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.
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 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.
What's in store for US apparel back-to-school sales?
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, a shift in spending away from electronics, and a more optimistic consumer, industry analysts are cautiously optimistic for clothing retailers.
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.
Under Armour unveils newest retail presence
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 “wage offenders”
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.
Foot Locker takes aim at US$10bn sales target
Specialist retailer Foot Locker has updated its long-term growth strategy, designed to deliver US$10bn in annual sales.
Foot Locker grows Q4 earnings and 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.
US labour concerns at Honduras apparel makers
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.
Fashion brands facing strong dollar “headwind”
Global fashion brands based in the US could face an increasing headwind from a strong dollar, an analyst has warned.
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