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US Q2 in brief – Kontoor Brands, Wolverine World Wide, Boot Barn Holdings
In the latest second-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. Kontoor Brands has reported a net loss of US$33.3m amid a sales slump of 43%, while Wolverine World Wide has posted second-quarter results that CEO Blake Krueger said were much stronger than expected. Elsewhere, footwear maker Weyco has booked a net loss of US$8.9m, while losses at Columbia Sportswear amounted to $50.7m.
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.
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.
US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity
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.
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.
US Q2 in brief – Boot Barn Holdings, VF Corp, Sears
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.
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 Q4 in brief – Boot Barn Holdings, Destination Maternity
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
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.
Rocky Brands sells Creative Recreation business
US apparel and footwear company Rocky Brands has sold its Creative Recreation sneaker business to a private investment group.
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.
Rocky Brands promotes Jason Brooks to CEO
US apparel and footwear company Rocky Brands has promoted president of core brands, Jason Brooks, to president and CEO.
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.
Rocky Brands inks military contracts worth US$38m
US apparel and footwear company Rocky Brands has received two new orders worth more than US$38m over the next three years to produce both hot weather and temperate weather combat boots for the US Military.
Rocky Brands appoints Staude interim finance chief
US apparel and footwear company Rocky Brands has named Mike Staude as its interim chief financial officer following the resignation of James E McDonald.
Rocky Brands appoints interim-CEO Brooks to helm
US apparel and footwear company Rocky Brands has appointed Mike Brooks as its chief executive officer (CEO) on a permanent basis.
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.
Rocky Brands inks potential $100m military contract
US apparel and footwear company Rocky Brands has been awarded a contract that could be worth up to US$100m to produce hot weather combat boots for the US Military.
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.
Rocky Brands names Brooks interim CEO as Sharp departs
US apparel and footwear company Rocky Brands has appointed chairman of the board, Mike Brooks, as interim CEO following the resignation of David Sharp.
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.
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.
Rocky Brands reports improved Q2 margins
US apparel and footwear company Rocky Brands has booked an increase in second-quarter earnings and improved gross margin.
Rocky Brands books “pleasing” Q1
US apparel and footwear company Rocky Brands has booked a pleasing first-quarter performance thanks to an increase in earnings and sales.
Rocky Brands in Q4 profit surge
US apparel and footwear company Rocky Brands has more than doubled its fourth-quarter net profit, thanks to strong sales across all its business segments.
Wholesale sales boost Rocky Brands Q3 profit
An increase in wholesale sales has resulted in a 6.9% third-quarter net profit growth for US apparel and footwear company Rocky Brands.
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Insights
- Covid-19 could shrink US apparel sales by 50%
- Pandemic top concern for US fashion firms
- Yesim Tekstil upbeat on need for do-it-all makers
- US apparel imports recover in June
- Operational planning for an online fashion future
News
- Major brands linked to "union-busting" factories
- US Q2 in brief – Kontoor Brands, Wolverine
- Lever Style to acquire Vista Apparels
- Adidas moves to a loss in Q2 as sales slide
- Virtual showrooms gain popularity post-Covid
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