Wal-Mart Stores Inc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

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.

Walmart completes Shoes.com sale to CriticalPoint Capital Beth Wright | 14 Oct 20

US retail giant Walmart has completed the sale of its Shoes.com business to affiliates of CriticalPoint Capital, the LA-based private equity firm that owns JackRabbit and Olympia Sports.

New Asda owners weighing George sale? Hannah Abdulla | 12 Oct 20

The new owners of UK supermarket chain Asda could be weighing up a sale of the clothing unit, George.

Asda returns to UK ownership as Walmart agrees GBP6.8bn sale Beth Wright | 2 Oct 20

US retail giant Walmart is to sell its UK supermarket chain Asda to the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, and private equity firm TDR Capital for GBP6.8bn (US$8.8bn).

Walmart sets goal to become a regenerative company Beth Wright | 22 Sep 20

US retail giant Walmart is doubling down on efforts to address the growing climate crisis by targeting zero emissions across the company's global operations by 2040.

Private equity firms go head-to-head for Asda stake Michelle Russell | 25 Aug 20

Two private equity firms – both fronted by retail veterans – are preparing to place bids for a stake in UK supermarket chain Asda.

Walmart hosts open call for US-made products to boost local manufacturing base Hannah Abdulla | 10 Aug 20

US retail giant Walmart is holding its first annual open call for US-manufactured products in an entirely virtual format as it looks to grow its base of locally-manufactured goods.

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.

NRF urges retailers to set nationwide mask policy Beth Wright | 16 Jul 20

The National Retail Federation (NRF) wants US retailers to adopt a nationwide policy that requires customers to wear face coverings or masks when shopping in stores.

Walmart enters fashion resale market with ThredUp Beth Wright | 27 May 20

Walmart is entering the secondhand apparel market through a new partnership with online resale store ThredUp as the US retail giant looks to enhance its offering amid a bid to establish Walmart.com as a destination for fashion.

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.  

Walmart to discontinue Jet.com e-commerce site Michelle Russell | 20 May 20

US retail giant Walmart is to wind-down the operations of its Jet.com brand just four years after its purchase.

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. 

Walmart in talks over sale of stake in Asda Michelle Russell | 27 Feb 20

US retail giant Walmart has said it is in discussions with interested parties over the purchase of a stake in its UK supermarket subsidiary Asda and that it will consider a flotation for the chain.

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. 

Brands still failing to deliver on responsible viscose sourcing Michelle Russell | 20 Nov 19

A new report has found that while the issue of responsible viscose production is now firmly on the agenda of the fashion industry, there are still brands and retailers failing to deliver on responsible sourcing.

Levi Strauss & Walmart cut their chemical footprints Michelle Russell | 18 Nov 19

Levi Strauss & Co and Walmart are among the leading companies when it comes to disclosing information about efforts to reduce their chemical footprints, according to a new survey.

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. 

Walmart US looks to Sam's Club for new CEO Beth Wright | 14 Oct 19

Retail giant Walmart has named Sam's Club boss, John Furner, as president and CEO of Walmart US, succeeding Greg Foran. 

Go Global Retail to acquire ModCloth from Walmart Beth Wright | 7 Oct 19

Two years after acquiring women's clothing company and online retailer ModCloth, retail giant Walmart is selling it on to brand investment platform Go Global Retail.

Walmart opens first supply chain academy Hannah Abdulla | 3 Oct 19

US retailer Walmart has launched a supply chain academy, aimed at providing skills training and growth opportunities for its supply chain associates.

Walmart revives Scoop as exclusive brand Hannah Abdulla | 19 Sep 19

Walmart is reviving the defunct Scoop brand as a private label offering, as part of efforts to expand its assortment and add more upmarket fashion to the line-up.

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.

Walmart "seriously considering" stock market float for Asda Hannah Abdulla | 15 May 19

US retail giant Walmart is "seriously considering" an IPO for its UK supermarket chain Asda following the collapsed merger with rival grocer Sainsbury's last month.

Walmart tackles social risk in Bangladesh apparel supply chain Hannah Abdulla | 13 May 19

US supermarket giant Walmart has identified its apparel supply chain in Bangladesh as one of the key areas where it is likely to have the greatest impact in addressing major potential risks to the dignity of workers.

Walmart pegs supplier finance to sustainability ratings Hannah Abdulla | 18 Apr 19

Retail giant Walmart is teaming up with international bank HSBC to rollout a sustainable supply chain finance programme that pegs a supplier’s financing rate to its sustainability performance.

Walmart wades into subscription apparel with Kidbox Hannah Abdulla | 16 Apr 19

US retailer Walmart has stepped into the world of subscription apparel in a partnership with Kidbox, which will offer customers an exclusive, curated stylebox for children from more than 120 premium kids' brands.

Walmart sets new goals for sustainable textiles Beth Wright | 11 Apr 19

Retail giant Walmart has outlined a number of new sustainability goals for apparel sold in its US stores, including plans to source more sustainable fibres and working with suppliers to reduce its manufacturing impact.

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.





just-style homepage

Forgot your password?