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Carter's Inc

US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands

9 September 2016 | Michelle Russell and Beth Wright

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. ... read more


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity

15 April 2016 | Michelle Russell

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. ... read more


Combating the new normal – 10 trends for 2016

27 January 2016 | Katie Smith

A more promotional athleisure scene, the benefits of store rationalisation starting to come through, and in-store traffic continuing on its downward trajectory as consumers increasingly shop online, are among ten predictions likely to shape the US clothing and footwear sector this year, analysts say. They also look at what might be in store for Lululemon, Hanesbrands and Ascena Retail Group.... read more


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse

7 January 2016 | Michelle Russell and Katie Smith

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. ... read more


What's in store for US apparel back-to-school sales?

4 September 2015 | Katie Smith

For the second year in a row, it seems consumers are being more restrained when it comes to back-to-school shopping. But with new fashions, a shift in spending away from electronics, and a more optimistic consumer, industry analysts are cautiously optimistic for clothing retailers.... read more


China market woes could hit consumer spending

25 August 2015 | Michelle Russell

Tumbling markets and economic uncertainty in China could deliver a tough blow to several specialty retail and apparel companies - with the biggest risks including China revenue exposure and a potentially slower economy driving lower consumer spending, one analyst has suggested.... read more


Carter's “off to a good start” with Q1

29 April 2015 | Michelle Russell

Children's wear company Carter's said it is “off to a good start” this year with both earnings and margins growing in its first-quarter.... read more


Carter's Q3 earnings and sales climb

23 October 2014 | Michelle Russell

Children's wear company Carter's has revealed an increase in third-quarter sales and earnings, which met the group's expectations.... read more


Destination Maternity expands into Israel

17 October 2014 | Michelle Russell

Destination Maternity is to expand into Israel through an international franchise agreement with H&O Fashion Ltd, one of the country's most dominant fashion-retail chains.... read more


IN THE MONEY: JC Penney emphasises new merchandising strategy

15 August 2014 | Michelle Russell

JC Penney has emphasised its commitment to moving back to a merchandising model marked by narrow and deep assortments, as it looks to build on the momentum created to date from its turnaround strategy.... read more


US: Carter's Q2 exceeds company expectations

25 July 2014 | Michelle Russell

Children's wear company Carter's has booked an increase in second-quarter earnings and sales, exceeding the firm's expectations.... read more


Supply chain and omni-channel to drive retail profit

21 May 2014 | Richard Woodard

Improved supply chain capabilities and omni-channel improvements will be a key driver of near-term profits for US retailers, with investment shifting from stores to IT.... read more


US: Carter's “resilient” amid tough first-quarter

28 April 2014 | Katie Smith

Carter's delivered "resilient results in a tough quarter," according to one analyst, after the children's wear firm posted a double-digit decline in first-quarter profit despite record sales.... read more


US: Carter's optimistic despite Q4 decline

27 February 2014 | Michelle Russell

Children's wear company Carter's has said it is planning for "good growth" in its next fiscal year, despite recording a drop in earnings in its fourth-quarter.... read more


US: Carter's completes operations move to Atlanta

24 January 2014 | Katie Smith

Children's wear company Carter's has completed the relocation of its corporate offices from Shelton, Connecticut to Atlanta, creating 200 jobs.... read more


US: JC Penney sales rise for first time in two years

7 November 2013 | Leonie Barrie

Struggling US department store retailer JC Penney Company may be seeing the first signs of an uptick in its fortunes, after same-store sales edged up 0.9% in October - the first rise in almost two years.... read more


US: Carter's Q3 profit declines on $13.1m expense

24 October 2013 | Katie Smith

Children's wear maker Carter's has today (24 October) reported a 4.7% decline in third-quarter net profit, after a US$13.1m expense offset record sales levels.... read more


US: Bangladesh safety alliance names chair as talks begin

20 August 2013 | Petah Marian

The group of leading retailers and brands who make up the North American Alliance for Bangladesh Worker Safety has named Ellen O'Kane Tauscher as the independent chair of its board of directors.... read more


US: Carter's Q2 net income up on rising sales

25 July 2013 | Petah Marian

Children's wear company Carter's saw adjusted net income increase during the second quarter on rising sales. ... read more


How do the Bangladesh safety pacts measure up?

11 July 2013 | Leonie Barrie

Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between their own initiative and a separate scheme backed by 70 mainly European companies. That said, there are considerable differences too.... read more


US: Second Carter's exec pleads guilty of insider trading

20 June 2013 | Petah Marian

A second former Carter's executive has pleaded guilty to conspiracy to commit securities fraud in connection with a multi-million dollar insider trading conspiracy involving the retailer's stock.... read more


US: Carter's Q1 profit rises on higher sales

26 April 2013 | Katie Smith

Children's wear manufacturer Carter's has today (25 April) seen its first-quarter net profit surge 28.3% on the back of higher retail and online sales.... read more


US: Carter's in infant zip-up clothing recall

12 April 2013 | Katie Smith

US children's wear maker Carter's has recalled 218,000 pieces of infant clothing because the zipper pull can detach, posing a choking risk to young children.... read more


PSF 2013: Apparel production bases constantly evolving

3 April 2013 | Leonie Barrie

Consensus among industry executives seems clear that China's many advantages mean it will continue to be key to apparel sourcing strategies - despite its rising prices, labour issues, and government policy that is increasingly unfriendly towards low value industries. But the search goes on for alternatives.... read more


PSF 2013: Unlocking the value of the supply chain

3 April 2013 | Leonie Barrie

As retailers struggle to differentiate themselves from their peers, and have little room to manoeuvre when it comes to mark-ups and markdowns, there's a growing awareness that the supply chain can contribute to improved efficiency and a competitive edge.... read more


HONG KONG: Prime Source Forum returns for sourcing debate

14 March 2013 | Leonie Barrie

Senior executives from across the apparel industry and its supply chain will be heading to Hong Kong later this month for the annual Prime Source Forum.... read more


In the money: JC Penney in promotions U-turn

1 March 2013 | Petah Marian

US department store operator JC Penney has been forced to abandon a central part of its turnaround plans after the strategy failed to gain traction with consumers. ... read more


US: Carter's Q4 profit surges 40%

27 February 2013 | Katie Smith

Children's wear maker Carter's has reported a 40% increase in fourth-quarter profit, driven by rising sales of products sold under its namesake brand.... read more


US: Ex-Carter's exec pleads guilty to insider trading

19 December 2012 | Leonie Barrie

The former head of investor relations for children's wear company Carter's Inc faces up to 25 years in prison and a fine of up to $250,000 after pleading guilty to an insider trading conspiracy.... read more


US: Carter's names new president, international head

18 December 2012 | Leonie Barrie

Children's wear maker Carter's Inc is strengthening its leadership team with the appointment of a new president, a head of international operations, and a retail operations boss.... read more


Top 10 Black Friday deals on clothing and footwear

23 November 2012 | Katie Smith

US retailers are pulling out all the stops to lure shoppers in-store and online this weekend, kicking off the holiday shopping season by opening their doors early on Black Friday - the day after Thanksgiving. ... read more


Global: Brands accused of "fuelling modern-day slavery"

20 November 2012 | Petah Marian

A number of major clothing brands have been accused of "fuelling modern-day slavery" through their failure to address child and forced labour in their supply chains, according to a report released by the Not For Sale campaign. ... read more


BANGLADESH: Buyers assess apparel sourcing opportunities

12 November 2012 | Siddique Islam

A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China.... read more


US: Third ex-Carter's exec charged with insider trading

8 November 2012 | Petah Marian

The former head of investor relations for children's wear company Carter's, Eric Martin, has been charged by a federal grand jury around an insider trading scheme, the company's third former executive to be charged with insider trading.... read more


US: Carter's lifts FY outlook after strong Q3 profit

26 October 2012 | Katie Smith

US children's apparel specialist Carter's has lifted its full-year guidance after recording a 72.4% surge in third-quarter profits, helped by strong international demand.... read more


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