Kohl's Corporation
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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.
Kohl’s names Bruce Besanko as CFO
US department store retailer Kohl’s has named Bruce Besanko as CFO, reporting directly to Kohl’s chairman, CEO and president Kevin Mansell.
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.
Marks & Spencer tops human rights benchmark
UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.
Kohl's cuts FY outlook on lower Q4 sales
US department store retailer Kohl's has cut its full-year earnings outlook as it revealed expectations for lower-than-planned sales for the fourth quarter.
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.
Kohl's cuts lead times with new fast-fashion line
Department store retailer Kohl's has launched a new line of "fashion-forward" product that it says will constantly change based on evolving trends, with the time from concept to delivery slashed to a matter of weeks.
Kohl's finance chief McDonald to retire
Department store retailer Kohl's has revealed its chief financial officer (CFO), Wesley McDonald, is to retire in the late spring of next year after 14 years with the company.
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.
Kohl's relaunches $1bn private brand Somana
US department store retailer Kohl's has relaunched its US$1bn private brand Sonoma Goods For Life, with new designs, in-store and online experiences.
Macy's and Kohl's to mentor Fashion Tech Lab
Macy's, Kohl's, and Kate Spade & Co are among a number of top apparel groups that have committed to mentoring at this year's New York Fashion Tech Lab (NYFT Lab).
Kohl's cuts FY profit outlook on lower sales
Department store retailer Kohl's has cut its full-year earnings guidance as a result of lower than planned sales for the quarter and "significantly" lower gross margin.
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.
Low cost sourcing less of an option for apparel retailers
Upward pressure on sourcing costs is one of the new challenges set to face US apparel retailers in 2016 as a "fair, living wage" and "decent work conditions" become an integral part of product sourcing and marketing.
Apparel groups urge strong climate pledge from leaders
A group of seven apparel companies, including Levis Strauss & Co, VF Corp and Gap Inc, have signed a declaration calling on government leaders to reach a strong climate change agreement.
VF Corp and Kohl's join White House climate pledge
US apparel giant VF Corp and department store retailer Kohl’s are just two of a further 73 companies to have joined the White House pledge to address climate change and reduce their carbon footprints.
Kohl's taps Chawla for new omni-channel role
US department store retailer Kohl's has appointed Sona Chawla to the newly-created position of chief operating officer, with responsibility for omni-channel operations.
Kohl's to open smaller format stores in sales drive
US department store retailer Kohl's is to open up to ten smaller format stores next year to offer consumers more convenience as part of its multi-year strategic initiative, designed to drive sales growth.
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.
Kohl's debuts athleisure clothing line
US department store retailer Kohl's is teaming up with actress and fitness enthusiast, Shay Mitchell, to launch an athleisure apparel collection.
Analysts upbeat as Kohl's Q1 profit climbs
Analysts remain upbeat on Kohl's longer term growth prospects, after the US department store retailer saw its first-quarter profit and sales climb.
Kohl's profit drops in "tough" Q3
Department store retailer Kohl's Corporation has reported a double-digit drop in third-quarter profit - but according to one analyst, new initiatives in place will lead to improvement in the fourth quarter.
Top stories this week on just-style...
The most-read stories on just-style this week included news that VF Corp is being viewed as the most suitable buyer for sportswear brand Puma, an insight into some of the trends and challenges facing the retail sector, and the impact of slowdowns at US west coast ports on apparel shipments.
New York & Co forecasts deeper Q3 loss
US apparel chain New York & Company has said it expects to report a deeper adjusted operating loss in the third quarter than previously predicted.
Kohl's cranks up efforts to reverse sluggish sales
US department store retailer Kohl's Corporation last week held its first investor day for seven years, setting out detailed plans for future growth. Building on an agenda announced earlier this year, analysts say the new initiatives are necessary and overdue.
Kohl's readies for Q3 sales decline
Kohl's Corporation said it expects comparable sales to decrease 1.4% in the third quarter following a softening of sales in October.
Future acquisition opportunities seen for PVH Corp
Meaningful acquisition opportunities for PVH Corp are likely to present themselves in two to six years time, but they may take the form of bringing existing businesses in house under the Tommy Hilfiger and Calvin Klein banners, analysts believe.
Skechers hits back at "skewed" report on sales decline
Shoe maker Skechers USA has hit back at a negative analyst report suggesting its sales are decelerating, arguing that the data had been "misinterpreted".
BANGLADESH: Apparel exports up marginally in July-August
Bangladesh's apparel exports edged up by 1.7% in the first two months of the current fiscal year as buyers continue to remain cautious following last year's factory safety issues and subsequent strikes and disruption as a pay rise was negotiated for apparel workers.
US: Nine West Footwear Group to split in restructure
Nine West Holdings' footwear group is to be split into four separate businesses by private equity firm Sycamore Partners in a bid to drive long-term growth.
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