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just-style.com | 9 Jul 2007

The news that private equity firms are to buy majority stakes in both the Limited Stores and Express retail chains is just the latest example of the growing presence of private equity in the global apparel industry. But, as Chris Brook-Carter reports, despite the levels of investment they bring, private equity groups still foster unparalleled levels of mistrust and hostility from those outside financial circles.

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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. 


Beth Wright | 23 Dec 2016

Apparel and footwear retailer Genesco Inc has invested in an updated version of its enterprise resource planning (ERP) system to optimise store space for more accurate inventory planning, adequate service levels, and reduce its out-of-stock count.


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.


Michelle Russell | 7 Dec 2016

US apparel and footwear retailer Genesco has sold its SureGrip footwear subsidiary to slip-resistant footwear firm Shoes For Crews (SFC) for an undisclosed sum.


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. 


Michelle Russell | 15 Apr 2016

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. 


Katie Smith | 14 Jan 2016

With the holiday season done and dusted, US apparel and footwear retailers are now counting the cost. In the most recent results, New York & Co has narrowed its fourth-quarter outlook despite posting an increase in comparable store sales, while Express has lifted its guidance. Shoe Carnival, Genesco and American Eagle Outfitters all booked increases. However, Bon-Ton Stores and Ascena Retail Group posted declines. 


Michelle Russell | 4 Nov 2015

The Canadian subsidiary of US apparel and footwear retailer Genesco has acquired the 37-store Little Burgundy retail footwear chain from Aldo Group.


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. 


Katie Smith | 22 Apr 2015

US apparel and footwear retailer Genesco has selected a series of solutions from provider DeSL to streamline complex product development and sourcing information.


Michelle Russell | 24 Mar 2015

G-III Apparel has entered into a wholesale license agreement with apparel and footwear retailer Genesco for the design, distribution and marketing of GH Bass footwear in the US and Canada.


Michelle Russell | 12 Mar 2015

US apparel and footwear retailer Genesco has revealed fourth-quarter earnings that beat group expectations and offered a confident outlook for the new fiscal.


Katie Smith | 27 Jan 2015

US apparel and footwear retailer Genesco is to deploy DiCentral's EDI solution to help streamline its supply chain management processes and provide better exchanges of data with suppliers.


Michelle Russell | 8 Dec 2014

US apparel and footwear retailer Genesco said it delivered solid top-line growth in the third quarter, driven by better than expected sales from Journeys Group.


Michelle Russell | 5 Dec 2014

US apparel and footwear retailer Genesco has announced the retirement of CFO James Gulmi and the appointment of successor Mimi Vaughn.


Michelle Russell | 28 Aug 2014

Genesco has revealed a "disappointing" second-quarter in which the US apparel and footwear retailer reported a decline in earnings and lowered full-year expectations.


Michelle Russell | 2 Jun 2014

US apparel and footwear retailer Genesco said it is pleased with its performance in the first quarter, despite reporting a slight fall in earnings.


Katie Smith | 13 Mar 2014

Substantially lower one-time charges helped US apparel and footwear retailer Genesco to book an increase in fourth-quarter net profit.


Michelle Russell | 15 Jan 2014

Apparel and footwear retailer Genesco has adjusted its full-year earnings guidance to the lower end of its forecast on the back of a 1% increase in fourth-quarter sales.


Michelle Russell | 6 Dec 2013

Apparel and footwear retailer Genesco saw its earnings tumble in the third quarter as same-store sales dropped.


Katie Smith | 30 Aug 2013

Apparel and footwear retailer Genesco was "disappointed" with its performance during the second quarter, as net profit and sales fell below company expectations - forcing it to cut its full year earnings guidance.


Leonie Barrie | 9 Aug 2013

Department store retailer Macy's is strengthening its activewear focus by teaming up with Lids Sports Group to open licensed team merchandise departments in Macy's stores under the name of Locker Room by Lids.


Leonie Barrie | 31 May 2013

A deferred payment and impairment charges have contributed to an 11% drop in first quarter profit at apparel and footwear retailer Genesco Inc.


Leonie Barrie | 31 May 2013

A deferred payment and impairment charges have contributed to an 11% drop in first quarter profit at apparel and footwear retailer Genesco Inc.


Katie Smith | 8 Apr 2013

Apparel and footwear retailer Genesco plans to withdraw its listing on the Chicago Stock Exchange as part of efforts to streamline its operations and cut costs.


Katie Smith | 8 Mar 2013

Nashville-based apparel and footwear retailer Genesco has seen its fourth-quarter profit decline on the back of one-off costs, and says it remains cautious in its outlook.


Katie Smith | 3 Dec 2012

Apparel group Genesco has raised its full-year earnings guidance after reporting a 56.7% increase in third-quarter net profit.


Petah Marian | 25 Oct 2012

Underwear company Jockey has named Bryan Norfleet as president and chief operating officer.

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