Stein Mart

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Stein Mart to explore strategic alternatives Beth Wright | 31 Jan 18

Off-price fashion retailer Stein Mart has assembled a "special committee" in a bid to explore all opportunities to improve the company's operating performance and identify potential strategic alternatives.


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.


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

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. 


Stein Mart appoints interim-CEO Hawkins to helm Beth Wright | 27 Jan 17

Off-price fashion retailer Stein Mart has appointed interim-CEO, D Hunt Hawkins, as its chief executive on a permanent basis.


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.


Stein Mart makes CEO switch amid falling sales Michelle Russell | 30 Sep 16

Stein Mart CEO and chief merchandising officer Dawn Robertson has stepped down as the off-price fashion retailer revealed lower sales for its third-quarter and a narrowing of gross margin.


US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands Michelle Russell and Beth Wright | 9 Sep 16

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. 


Stein Mart Q1 trading shows steady rise Beth Wright | 20 May 16

Off-price fashion retailer Stein Mart said it is pleased with spring inventories going into the next quarter after seeing a 0.6% rise in total sales in its first-quarter.


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. 


New Stein Mart CEO Robertson to bring "fresh focus" Katie Smith | 16 Mar 16

Stein Mart has appointed Dawn Robertson as its new CEO, who is expected to bring a "fresh focus" to the off-price fashion retail group and its merchandising division.


Update – US apparel retailers' January 2016 sales roundup Katie Smith | 9 Feb 16

Hurt by adverse weather conditions, a continued shift by consumers to invest in high-value items such as cars, and a general slump after the holiday period, it's no surprise US apparel retailers suffered in January, with many reporting comparable store sales declines.


US apparel retailers' December 2015 sales roundup  Michelle Russell | 8 Jan 16

Santa delivered some generally positive holiday sales results to US apparel retailers in December as they grappled with a rapidly changing omnichannel landscape, low and middle income consumers with limited discretionary spending power, and a very mild autumn that depressed clothing sales.


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

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. 


US apparel retailers' November 2015 sales roundup  Katie Smith | 4 Dec 15

As US apparel retailers readied themselves for a busy Black Friday weekend, sales proved to be somewhat disappointing. Despite a more favourable macro backdrop to consumer spending this holiday season, the majority of clothing chains reported comparable store sales declines. 


UPDATE: US apparel retailers' October 2015 retail roundup Katie Smith | 10 Nov 15

Unseasonably warm weather weighed on US retailers' sales of autumn clothing in October, combining with sluggish mall traffic, softer Halloween sales, lacklustre income gains, and a continued shift in spending to motor vehicles, experiences and restaurants to push the majority of clothing chains to comparable store sales declines in the month.


US apparel retailers' September 2015 sales roundup Katie Smith | 9 Oct 15

September proved to be another mixed month for US clothing retailers. While a later Labor Day weekend and the tail end of back-to-school selling boosted sales for some, the holiday shift combined with unseasonably warm weather hampered others, leading to many chains posting comparable store sales declines. 


US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

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. 


UPDATE: US apparel retailers' August 2015 sales roundup Katie Smith | 11 Sep 15

US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, and extremely volatile equity markets in August. And although back-to-school spending picked up in the latter half of the month, the majority of clothing retailers reported comparable store sales declines.


UPDATE: US apparel retailers' July 2015 retail roundup Michelle Russell | 11 Aug 15

July proved to be a difficult month for the apparel chains reporting monthly sales, with several hurt by tax holiday shifts in some southern states into August from July last year. As a result, retailers are not heading into the key back-to-school selling season with much momentum.


US apparel retailers' June 2015 retail roundup Katie Smith | 10 Jul 15

An improving US labour market, rising consumer confidence and higher wages were not enough to spark a significant break-out in spending in June, with half of the clothing chains reporting monthly comparable store sales seeing lower or flat trends.


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.


UPDATE: US apparel retailers' April 2015 retail roundup Katie Smith | 12 May 15

A shift in the timing of Easter, coupled with the lingering adverse effects of the West Coast port delays, as well as an economic soft patch in the first quarter, led to the majority of US apparel retailers recording comparable store sales declines in April.


US apparel retailers' March 2015 sales roundup Katie Smith | 10 Apr 15

While the earlier Easter this year helped the majority of US apparel retailers to book comparable store sales growth in March, adverse weather conditions, an economic soft patch during the first quarter, and lingering effects of the West Coast ports labour dispute weighed on overall results.


Stein Mart recovers to record “strong” Q4 Michelle Russell | 13 Mar 15

Off-price fashion retailer Stein Mart said it has recovered from a second half that was negatively impacted by poor weather to record a “strong” fourth-quarter of sales and earnings growth.


US apparel retailers' February 2015 sales roundup Katie Smith | 6 Mar 15

US apparel retailers reported mixed comparable store sales in February, as significant headwinds including extreme winter weather, additional costs and delays from the West Coast ports slowdown, foreign exchange rates and higher gas prices all weighed on results.


UPDATE: US apparel retailers' January 2015 sales roundup Katie Smith | 10 Feb 15

US apparel retailers got off to a good start in January, with the majority posting comparable store sales gains, helped by post holiday clearance sales and stronger comparisons with last year, when severe weather hampered results.


US apparel retailers' December 2014 sales roundup Katie Smith | 9 Jan 15

Deep discounts, lower fuel prices and an improved employment market all helped to drive better-than-expected comparable store sales gains for US apparel retailers in the crucial month of December.


US apparel retailers' November 2014 sales roundup Katie Smith | 5 Dec 14

Early Black Friday promotions, falling fuel prices, and labour market improvements all helped the majority of US apparel retailers to record better-than-expected comparable store sales growth in November.


Stein Mart swings to Q3 net loss Michelle Russell | 21 Nov 14

Off-price fashion retailer Stein Mart has swung to a loss in its third-quarter but said it plans to open at least ten new stores and relocate two stores in 2015, in addition to closing two stores.


US apparel retailers' October 2014 sales roundup Katie Smith | 7 Nov 14

October proved to be another mixed bag for US apparel retailers. While the majority reported comparable store sales gains thanks to an improving economy and strong consumer demand, others were impacted by warmer weather during the month.

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