Taking a look at the week ahead for the footwear and apparel industry, here is news editor Joe Ayling’s snapshot of just-style’s latest news and insights agenda.
The week started with a bang yesterday when the UK’s largest clothing retailer Marks and Spencer announced the successor of longstanding chairman Sir Stuart Rose. Robert Swannell has been chosen to replace shareholder favourite Rose, after a largely successful past six years at the retailer.
Swannell has a wealth of investment banking experience, and is currently chairman of high street music retailer HMV Group.
A host of other UK retailers, including Lyle & Scott, will be looking to file their financial results before Monday’s bank holiday.
In the US, clothing retailer American Apparel has been warned by the NYSE after it was not able to timely file a Quarterly Report on Form 10-Q, due to a change in the company’s independent registered public accounting firm. American Apparel continues to make headlines as it also battles sluggish sales and rising debt.
Meanwhile, Perry Ellis International and Guess Inc will release their second quarter earnings results this week. Perry Ellis indicated earlier in the month it expects to report a narrower second quarter loss, while Guess nearly doubled its profits last quarter on the back of international expansion.
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By GlobalDataAlso this week, just-style will be running the first two installments of August’s management briefing – based on the role of location in global sourcing. The Chinese marketplace takes centre stage on Thursday, before further insight on sourcing from Turkey next week.
