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US Q2 in brief – VF Corp, Sears, Cherokee Global Brands just-style | 19 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


Sears admits "more work" ahead amid store closures Michelle Russell | 1 Jun 18

The finance chief of embattled US department store retailer Sears Holdings has admitted there is still much work to be done to return the company to profitability as it announced plans to close a further 72 stores.


US Q4 in brief – Boot Barn Holdings, Destination Maternity just-style | 18 May 18

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

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.


Sears slashes 220 jobs at corporate offices Beth Wright | 2 Feb 18

Embattled US department store retailer Sears Holdings is to axe more than 200 positions at its corporate offices, as part of ongoing efforts to return to profitability.


Sears to shutter another 103 stores Beth Wright | 9 Jan 18

Embattled US department store retailer Sears Holdings is to shutter an additional 39 Sears and 64 Kmart stores as part of its efforts to return to profitability.


Sears to shutter another 63 stores Beth Wright | 6 Nov 17

US retail giant Sears Holdings Corp is to shutter an additional 18 Sears and 45 Kmart unprofitable stores in the New Year as part of its efforts to return to profitability.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

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.


Sears to shutter another wave of stores Beth Wright | 11 Jul 17

US retail giant Sears Holdings Corp is to shutter an additional eight Sears and 35 Kmart unprofitable stores as part of its efforts to return to profitability.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

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. 


Sears raises savings target to $1.25bn, names new CFO Beth Wright | 25 Apr 17

US retail giant Sears Holdings Corp has revealed the next steps in its transformation plan, including cutting a further US$250m in costs across its operations and naming a new chief financial officer.


Sears to cut $1bn in costs as restructuring continues Michelle Russell | 10 Feb 17

US retail giant Sears Holdings Corp is to cut around US$1bn in costs across its operations in the next phase of its transformation plan that will see new efforts to drive efficiencies in pricing, sourcing and the supply chain.


Sears to shutter 150 stores to fund transformation Beth Wright | 6 Jan 17

US retail giant Sears Holdings Corporation is to shutter an additional 150 loss-making stores to fund its transformation strategy, two days after netting a US$500m lifeline to stay afloat.


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

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.


Inventory project sparks Kmart shut-down rumours Beth Wright | 28 Jul 16

US retail giant Sears Holdings has denied media reports that it plans to close all of its Kmart stores and that the chain is facing bankruptcy after staff were seen moving merchandise out of the stockrooms and onto the sales floor.


Kmart launches Risewear athleisure footwear brand Beth Wright | 18 Jul 16

Retailer Kmart has teamed up with lifestyle athleisure brand Risewear to launch a new value-priced sports shoe and athleisure footwear line.


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

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 Q1 in brief: Finish Line, Cherokee, Destination Maternity Michelle Russell and Katie Smith | 26 Jun 15

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.


New Balance hits back in Converse trademark row Richard Woodard | 14 Jan 15

Footwear business New Balance has hit back at rival Converse in a continuing row about the design of the latter’s Chuck Taylor All-Star sneakers.


Sears Holdings records another quarterly loss Michelle Russell | 5 Dec 14

US department store retailer Sears Holdings has booked another loss in its third-quarter, as sales continue to decline.


Green light for Wesfarmers' Pacific workwear deal Michelle Russell | 24 Nov 14

Australia's competition regulator has given the green light to Wesfarmers' takeover of Pacific Brands workwear division.


Investigation into Converse trademark complaint Katie Smith | 14 Nov 14

The US International Trade Commission (USITC) is to launch an investigation into trademark infringement claims against 31 footwear retailers and manufacturers following a complaint by Converse.


Sears explores store sales to boost liquidity Michelle Russell | 7 Nov 14

US department store retailer Sears Holdings has said it's considering selling up to 300 stores in a bit to boost its finances.


Sears Holdings exec Boire takes Canada CEO role Michelle Russell | 15 Oct 14

Ronald Boire, the EVP and chief merchandising officer of Sears Holdings' Kmart and Full Line formats has joined the firm's Canadian division as acting president and CEO.


Converse trademark suit targets 31 rivals Richard Woodard | 15 Oct 14

Nike-owned footwear business Converse is suing 31 rivals over claims they infringed the trademark of its Chuck Taylor All-Stars shoes.


Kmart reveals payment data breach Michelle Russell | 13 Oct 14

Kmart, a subsidiary of Sears Holdings, has revealed that its payment data systems have been breached, affecting around 1,200 of its stores.


US: Sears to borrow $400m following ratings downgrade Leonie Barrie | 16 Sep 14

Sears Holdings is borrowing $400m from an investment fund headed by the department store retailer's chairman and CEO Edward Lampert, in a move that comes days after Fitch Ratings lowered its credit rating on the company.


AUSTRALIA: Target discloses Bangladesh suppliers Richard Woodard | 13 Aug 14

Retailer Target Australia has disclosed the locations of its supplier factories in Bangladesh – a move welcomed by charity Oxfam.


US: Sears appoints Tesco exec as Kmart president Michelle Russell | 12 Aug 14

Struggling retailer Sears Holdings Corporation has appointed former Tesco executive, Alasdair James, as president of its Kmart business.


US: Sears Holdings Q1 loss widens on lower sales Katie Smith | 23 May 14

Struggling retailer Sears Holdings Corporation says it may close more stores this year after reporting a wider loss in the first-quarter, weighed down by lower sales.

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