US Q2 in brief – Boot Barn Holdings, Lands’ End, VF Corp
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. Despite many retailers swinging to a loss in the period – including G-III Apparel Group and American Eagle Outfitters – online demand across its brands helped lift comparable sales at specialty clothing retailer Gap Inc, and casual clothing retailer Abercrombie & Fitch bounced back to profit. Elsewhere, VF Corp has seen net income tumble 60% to US$256.7m.