Wal-Mart Stores Inc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

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. 

Asda Q2 sales worst on record Michelle Russell | 18 Aug 16

UK retailer Asda has recorded its worst quarterly sales performance on record as the "competitive environment" weighed on results. 

Walmex sells Suburbia clothing unit for US$853.3m Beth Wright | 11 Aug 16

Supermarket retailer Wal-Mart de Mexico, known locally as Walmex, has agreed to sell its Surburbia apparel division to Mexico's biggest department store chain, El Puerto de Liverpool SAB, for MXN15.7bn (US$853.3m) in a move it says will allow it to focus on its core business.

Where next for Walmart’s 3D apparel design pilot? Leonie Barrie | 11 Jul 16

For the uninitiated, 3D design and prototyping software is hailed as a disruptive technology with the potential to boost efficiency and product development workflow, speed decision-making, fuel creativity, and save time and cost. For US retail giant Walmart, it has been fraught with unexpected challenges.

Walmart's 'Made in USA' pledge misleading  Leonie Barrie | 28 Jun 16

As retail giant Walmart prepares for its annual US Manufacturing Summit today (28 June) – which includes an open call for US-made products – the company has been accused of misleading consumers over its 'Made in USA' efforts.

Wal-Mart eyes China turnaround with JD.com deal Michelle Russell | 21 Jun 16

Wal-Mart has swapped its Chinese online grocery business for a stake in the country's second largest e-commerce site, in a move that will likely see the US retail behemoth attempt to turn around its China business.

Wal-Mart banks on tech investment to boost online sales Michelle Russell | 6 Jun 16

US retail giant Wal-Mart has expressed confidence that its technology investments will enhance the group's online sales as it rolls out crucial initiatives to boost its competitiveness in the digital space.

Now Walmart accused of supply chain worker abuses Leonie Barrie | 1 Jun 16

US retail giant Walmart is the latest company to be accused of not doing enough to improve conditions for garment workers at its supplier factories in Asia.

Asda Q1 sales tumble on "fierce competition" Michelle Russell | 19 May 16

UK retailer Asda has posted a fall in like-for-like sales in its first-quarter as a result of tough competition in the supermarket sector and traffic declines. 

US court dismisses lawsuit over Rana Plaza collapse Leonie Barrie | 11 May 16

A lawsuit launched against three US retailers by victims of the Rana Plaza building collapse in Bangladesh has been dismissed largely on technicalities.

Fruit of the Loom awarded Wal-Mart supplier of year Michelle Russell | 2 Mar 16

Apparel manufacturer Fruit of the Loom has received two awards from retail giant Wal-Mart, including omni-channel supplier of the year. 

Asda sales continue on downward trajectory  Katie Smith | 19 Feb 16

UK supermarket retailer Asda has said it is cautiously optimistic its sales will improve, despite posting another decline in quarterly like-for-likes. 

Wal-Mart lowers outlook on Q4 decline Michelle Russell | 18 Feb 16

Wal-Mart has lowered its fiscal 2017 sales outlook after both its fourth-quarter and full-year profits declined on lower sales and higher operating expenses.

Wal-Mart awards $2.8m for textile innovations Katie Smith | 22 Jan 16

As part of ongoing efforts to boost domestic production and increase the assembly of consumer products in the US, retail behemoth Wal-Mart has awarded US$2.8m to five universities for their work on innovations in textile manufacturing. 

Head of Asda's George to step down amid HQ cuts Michelle Russell | 20 Jan 16

Fiona Lambert, the head of Asda's George clothing division, is to step down from her role amid a structural review at the UK retail group that will see hundreds of head office jobs cut. 

Wal-Mart to axe 269 stores and 16,000 jobs Michelle Russell | 18 Jan 16

US retail behemoth Wal-Mart is to close 269 stores globally as part of a review of its portfolio first announced last year, in a move that will affect around 16,000 employees.

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. 

Top 20 analysis stories on just-style in 2015... Katie Smith | 21 Dec 15

Among the most-read analysis articles on just-style in 2015 were stories relating to the rapid growth of Myanmar's garment sector, the impact of the Trans-Pacific Partnership (TPP) free trade agreement on countries such as Vietnam, Bangladesh and Sri Lanka, five key trends in world textile and apparel trade, and Ethiopia's prospects as an emerging sourcing hub. 

Apparel groups urge strong climate pledge from leaders Michelle Russell | 4 Dec 15

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 Michelle Russell | 1 Dec 15

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.

Walmart beats key sustainability target Katie Smith | 18 Nov 15

US retail giant Walmart has outlined the progress it has made on its sustainability goals, including a 28.2m metric ton reduction of greenhouse gas (GHG) emissions from its global supply chain – beating its target of 20m by the end of 2015. 

US retail industry set for “steady growth” next year Katie Smith | 2 Nov 15

The US retail industry is set for steady growth through 2016 amid improved operating efficiencies, despite still-cautious consumer spending, according to a new report. 

Chico's taps former Wal-Mart executive to take helm  Katie Smith | 28 Oct 15

US women's wear retailer Chico's has tapped former Wal-Mart executive Shelley Broader as its new president and CEO. 

Apparel firms joint White House climate pledge Michelle Russell | 21 Oct 15

A number of apparel firms, including Nike and Levi Strauss & Co, have joined the White House pledge to address climate change and reduce their carbon footprints.

Wal-Mart to add supply chain capabilities as forecast cut Michelle Russell | 16 Oct 15

Wal-Mart has said it will add capabilities to its supply chain in a bid to be more efficient as the US retail giant cut its profit forecast for the next fiscal.

Cherokee signs Tony Hawk deal with Wal-Mart Canada Michelle Russell | 16 Oct 15

Global brand management business Cherokee Global Brands has entered into a licensing deal with Wal-Mart Canada for its Tony Hawk signature apparel, accessories and footwear skater brand.

Wal-Mart and Sae-A join Free Zones of the Americas event Leonie Barrie | 15 Oct 15

Executives from retail giant Wal-Mart and Sae-A Trading, one of the world’s largest apparel manufacturers, are among speakers taking part in next month’s Free Zones of the Americas Conference in Nicaragua.

Wal-Mart appoints Biggs to CFO role Michelle Russell | 12 Oct 15

US retail giant Wal-Mart Stores has appointed Brett Biggs as finance chief, to replace Charles Holley who is to retire.

Wal-Mart cuts 450 jobs to become more “nimble” Michelle Russell | 7 Oct 15

US retail behemoth Wal-Mart Stores has cut around 450 jobs at its head office in Bentonville, Arkansas, in a bid to become more “nimble”.

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. 






just-style homepage

Forgot your password?