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1,000 jobs to go as Designer Brands reorganises
5 August 2020 | Hannah Abdulla
Designer Brands Inc, formerly known as DSW, has confirmed it is cutting 1,000 positions including 380 at its corporate offices.... read more
US Q1 in brief – VF Corp, J.Jill, Francesca's
31 July 2020 | just-style
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.... read more
Retailers begin to outline store reopening plans – Update
16 June 2020 | just-style
Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.... read more
US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp
21 May 2020 | just-style
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. ... read more
Global retail closures as coronavirus spreads – Update
15 April 2020 | just-style
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. ... read more
US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco
5 February 2020 | just-style
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. ... read more
US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores
1 November 2019 | just-style
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. ... read more
US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands
1 August 2019 | just-style
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. ... read more
US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity
23 May 2019 | just-style
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.... read more
DSW renamed Designer Brands as outlines strategic priorities
20 March 2019 | Beth Wright
US footwear and accessories retailer DSW Group has outlined its three-year strategic priorities and financial goals and unveiled a new corporate name – Designer Brands Inc.... read more
US Q3 in brief – Boot Barn Holdings, VF Corp
6 February 2019 | just-style
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.... read more
US Q2 in brief – Boot Barn Holdings, VF Corp, Sears
26 October 2018 | just-style
In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.... read more
Authentic Brands, DSW make US$375m swoop for Camuto
10 October 2018 | Hannah Abdulla
Authentic Brands Group — owner of brands including Juicy Couture, Aeropostale and Nautica — is to acquire the Camuto Group in a US$375m deal together with US footwear and accessories retailer DSW Group. ... read more
US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn
8 August 2018 | just-style
In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.... read more
US Q4 in brief – Boot Barn Holdings, Destination Maternity
18 May 2018 | just-style
In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.... read more
US Q3 in brief – Deckers Brands, Boot Barn Holdings
6 February 2018 | just-style
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.... read more
US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding
22 September 2017 | just-style
In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.... read more
US Q1 in brief – Cherokee, The Finish Line, J Crew
10 July 2017 | Michelle Russell and Beth Wright
In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. ... read more
DSW expands outside US with Oman warehouse
30 June 2017 | Beth Wright
US footwear retailer DWS Inc has opened its first warehouse in Oman, marking the first expansion of DSW Designer Shoe Warehouse outside North America.... read more
US Q4 in brief – Cherokee, Vince Holding, Destination Maternity
15 May 2017 | Michelle Russell and Beth Wright
In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. ... read more
US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears
9 December 2016 | Michelle Russell and Beth Wright
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.... read more
DSW promotes Poff to finance chief role
21 November 2016 | Michelle Russell
US footwear retailer DSW Inc has promoted Jared Poff to the role of chief finance officer. ... read more
DSW stores to demonstrate 3D printing of shoes
18 October 2016 | Beth Wright
US footwear retailer DSW Inc is revealing the technology behind its custom-fit shoes made in collaboration with US start-up Feetz, in a pop-up shop based at two of its locations.... read more
DSW and Infor partner on converged commerce application
9 September 2016 | Beth Wright
US-based cloud softwear provider Infor has partnered with US footwear retailer DSW Inc to deliver a back-office transformation for DSW and a new converged commerce application for modern retailing.... read more
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
DSW to sell custom fit 3D-printed shoes
13 June 2016 | Leonie Barrie
US footwear retailer DSW Inc is to bring custom-fit shoes to the masses, using 3D printing technology to fulfil thousands of orders a month from a manufacturing facility in San Diego.... read more
DSW seeks new CFO as Meixelsperger resigns
7 June 2016 | Beth Wright
US footwear and accessories retailer DSW is seeking a new chief financial officer following the resignation of Mary Meixelsperger to pursue another opportunity.... read more
Oxford Industries buys Southern Tide for $85m
22 April 2016 | Katie Smith
US clothing business Oxford Industries is expanding its portfolio by acquiring lifestyle apparel brand Southern Tide in a deal worth US$85m. ... 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
DSW to scale off-price sourcing with Ebuys buy
18 February 2016 | Katie Smith
US footwear and accessories retailer DSW has agreed to acquire off-price e-commerce retailer Ebuys in a deal which it says will allow the company to strategically scale its off-price sourcing capabilities. ... 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
DSW appoints Rawlins CEO in transition
4 November 2015 | Michelle Russell
US footwear and accessories retailer DSW has appointed Roger Rawlins as chief executive, succeeding the retiring Michael MacDonald.... read more
Tommy Bahama president and COO to head up brand
7 October 2015 | Katie Smith
Tommy Bahama president and COO Douglas Wood is to take the helm at the Oxford Industries-owned lifestyle brand following the retirement of CEO Terry Pillow. ... read more
US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree
25 September 2015 | Michelle Russell and Beth Wright
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. ... read more
Oxford Industries completes Ben Sherman sale
21 July 2015 | Katie Smith
US apparel business Oxford Industries has completed the sale of its Ben Sherman men's wear brand to Marquee Brands for US$63.7m.... read more
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