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US Q3 in brief – Cato Corp, Nordstrom, Burlington Stores just-style | 30 Nov 20

The latest third-quarter filings from US apparel and footwear brands and retailers are a mixed bag, with some companies beginning to recover from the market disruption caused by the Covid-19 pandemic, while others are continuing to struggle. Urban Outfitters has seen profits jump 38%, while L Brands is back in the black, and Shoe Carnival has delivered the most profitable quarter in its history. Elsewhere, American Eagle Outfitters saw net income fall 28%, and Chico's FAS widened its net loss.


L Brands in Victoria’s Secret leadership reshuffle Beth Wright | 25 Nov 20

L Brands has outlined a leadership shakeup at its Victoria’s Secret business which sees Martin Waters named as CEO, replacing John Mehas, who has served in the role since February 2019.


Next to take majority stake in Victoria’s Secret UK Beth Wright | 15 Sep 20

Clothing and homewares retailer Next Plc is to acquire a majority stake in the UK business of lingerie, loungewear and beauty products retailer Victoria's Secret under a new joint venture.


US Q1 in brief – VF Corp, J.Jill, Francesca's just-style | 31 Jul 20

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.


L Brands to slash corporate workforce by 15% Beth Wright | 29 Jul 20

L Brands is the latest retailer to outline workforce reductions as the industry has been left reeling from the Covid-19 pandemic, with the Victoria's Secret-owner planning to cut its home office headcount by about 850 associates.


Retailers begin to outline store reopening plans – Update just-style | 16 Jun 20

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.


Victoria’s Secret UK placed into administration Beth Wright | 5 Jun 20

The UK business of lingerie, loungewear, and beauty products retailer Victoria's Secret has fallen into administration in a move that could potentially put some 800 jobs at risk.


L Brands to close 250 Victoria's Secret stores in US & Canada Beth Wright | 21 May 20

L Brands is to shutter about 250 Victoria's Secret across the US and Canada in 2020 as part of its go-forward plan for the business, which also includes an increased focus on inventory management and sourcing cost reductions.


US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp just-style | 21 May 20

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.  


Victoria's Secret takeover is shelved Hannah Abdulla | 5 May 20

The proposed takeover of the Victoria's Secret brand by private equity firm Sycamore Partners has been axed.


Victoria's Secret investor looks to back out of deal Hannah Abdulla | 23 Apr 20

Sycamore Partners, the private equity firm due to take a majority stake in L Brands' lingerie unit Victoria's Secret, is looking to back out of the deal – news that saw the company's shares sink 15% yesterday (22 April).


Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 


L Brands sells majority stake in Victoria's Secret Hannah Abdulla | 20 Feb 20

L Brands has sold a majority stake in its Victoria's Secret business to private equity firm Sycamore Partners, in a deal worth $525m.


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco just-style | 5 Feb 20

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. 


Selling off Victoria's Secret could boost L Brands Hannah Abdulla | 31 Jan 20

Following a slew of earnings slides, reports are now suggesting that L Brands' founder and CEO, Les Wexner, is looking to leave the business and that it is continuing to weigh up options for its Victoria's Secret lingerie brand. just-style looks at why this could be a good move for the company.


US holiday sales in brief – Target Corp, Zumiez, Urban Outfitters just-style | 16 Jan 20

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Target's holiday sales failed to meet company expectations but Urban Outfitters reported record results. Elsewhere, L Brands has lowered its fourth-quarter earnings guidance and Kohl's is now expecting fiscal 2019 diluted earnings per share to be at the low end of its guidance range.


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores just-style | 1 Nov 19

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. 


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands just-style | 1 Aug 19

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. 


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity just-style | 23 May 19

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.


L Brands coy on talk of Victoria's Secret spin off Hannah Abdulla | 6 Mar 19

L Brands has refused to be drawn directly into comments following calls from activist investor Barington Capital Group for the group to spin off its Victoria's Secret brand in a move it claims will "meaningfully improve long-term value for shareholders".


US apparel retailers' January 2019 sales roundup Beth Wright | 11 Feb 19

January saw little New Year cheer for the handful of US apparel retailers still reporting their monthly sales, with only one booking a rise in monthly comps. All posted net sales declines of at least 18% during the period.  


US Q3 in brief – Boot Barn Holdings, VF Corp just-style | 6 Feb 19

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.


US apparel retailers' December 2018 sales roundup Beth Wright | 11 Jan 19

December saw little cheer for the handful of US apparel retailers still reporting their monthly comparable sales, as only one reported a rise in monthly comps while the remainder posted flat or lower sales for the period. 


L Brands offloads La Senza to private equity firm Beth Wright | 17 Dec 18

L Brands, owner of the Victoria's Secret, Pink, Bath & Body Works stores, has inked a deal to sell its La Senza lingerie business to an affiliate of Regent LP, a global private equity firm.


US apparel retailers' October 2018 sales roundup Beth Wright | 9 Nov 18

October proved yet another mixed month for the handful of US apparel retailers still reporting their monthly comparable sales, as two firms reported negative monthly comps while another booked its 20th consecutive gain.


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 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.


L Brands to close Henri Bendel business Beth Wright | 14 Sep 18

L Brands, owner of the Victoria's Secret, Pink and La Senza brands, is to close all of its Henri Bendel stores along with the Henri Bendel website at the beginning of next year.


US apparel retailers' August 2018 sales roundup Beth Wright | 7 Sep 18

August proved another mainly positive month for the handful of US apparel retailers still reporting their monthly comparable sales, yet growth slowed as retailers faced significantly steeper expectations this month, making upside surprises more unlikely.


US apparel retailers' July 2018 sales roundup Beth Wright | 10 Aug 18

July proved another mainly positive month for the handful of US apparel retailers still reporting their monthly comparable sales as all but one booked an increase, two reported surprise upticks, and another far surpassed consensus estimates.


Top 10 apparel brands combined worth US$111.3bn Beth Wright | 1 Jun 18

The world’s top ten apparel brands have grown in value by 5% year-on-year and are now worth US$111.3bn, according to the 2018 Brandz Top 100 Most Valuable Global Brand rankings.

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