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Global retail staff and salary reductions amid Covid-19 – Update

6 April 2020 | just-style

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:... read more


Global retail closures as coronavirus spreads – Update

6 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 Q4 in brief – PVH Corp, Iconix Brand Group, Oxford Industries

2 April 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, PVH Corp has reported a net loss, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall. Elsewhere, Guess CEO Carlos Alberini has hailed a "strong" performance, and Lands' End has reported increases in both earnings and revenue. ... read more


Coronavirus impacting Puma sales not supply chain

11 March 2020 | Hannah Abdulla

Puma says its global supply chain is in the clear with regard to the coronavirus (Covid-19) outbreak, adding it is not currently at risk apart from minor delays.... read more


Puma warns coronavirus likely to impact Q1 numbers

19 February 2020 | Hannah Abdulla

Puma has warned its first-quarter results will likely be affected by the impact of the coronavirus outbreak in China but remains optimistic about hitting its full-year targets.... 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


Ralph Lauren and Puma join trans-Arctic shipping ban

22 January 2020 | Beth Wright

US fashion business Ralph Lauren Corporation and German sportswear brand Puma are among the latest eight companies to join a pledge led by US sporting goods giant Nike and environmental group Ocean Conservancy to prohibit shipping through the Arctic Ocean.... read more


US holiday sales in brief – Target Corp, Zumiez, Urban Outfitters

16 January 2020 | just-style

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Target's holiday sales failed to meet company expectations but Urban Outfitters reported record results. Elsewhere, L Brands has lowered its fourth-quarter earnings guidance and Kohl's is now expecting fiscal 2019 diluted earnings per share to be at the low end of its guidance range.... 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


Puma books strong Q3 but warns on tariff hit

24 October 2019 | Michelle Russell

German sportswear brand Puma has upped its full-year sales forecast after a strong third-quarter in all divisions, and despite expectations of a hit from the US tariffs on China in its final quarter.... read more


New JC Penney head of planning, allocation and pricing

16 October 2019 | Michelle Russell

US department store retailer JC Penney has appointed former Macy’s executive Laurie Wilson as senior vice president of planning, allocation and pricing.... read more


Kering to up luxury focus with Puma bonds issue

30 September 2019 | Hannah Abdulla

Apparel firm Kering is taking another step toward streamlining its focus on its luxury portfolio, and has announced plans to further reduce its remaining stake in German sportswear brand Puma.... read more


JC Penney warned on potential NYSE delisting

9 August 2019 | Beth Wright

JC Penney has been warned of a potential delisting from the New York Stock Exchange (NYSE) after shares in the US department store retailer traded below US$1 for a period of 30 days.... 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


JC Penney new hire to bolster stores and omnichannel

31 July 2019 | Beth Wright

US retail giant JC Penney has announced more leadership changes, bringing James DePaul on board as executive vice president of stores while Mike Robbins, executive vice president of stores and supply chain, leaves the company.... read more


Puma lifts guidance following positive Q2

31 July 2019 | Beth Wright

German sportswear brand Puma has raised its full-year guidance on the back of "healthy improvement" across all divisions and regions in the second quarter.... read more


JC Penney denies debt restructuring claims

22 July 2019 | Beth Wright

US retail giant JC Penney has responded to reports the company has hired advisers to explore debt restructuring options, noting it has a "strong liquidity position" and is not preparing for a restructuring or bankruptcy.... read more


Puma pledges to slash GHG emissions by 35%

2 July 2019 | Beth Wright

German sportswear giant Puma has set a new climate goal approved by the Science Based Target initiative (SBTi) to reduce its greenhouse gas emissions by 35% by 2030.... read more


JCPenney names Ejarque Lopez as GMM women’s apparel

4 June 2019 | Leonie Barrie

US department store retailer JCPenney Company has today (4 June) named Victor Ejarque Lopez as its senior vice president, general merchandise manager for women’s apparel.... 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


JC Penney looks to new chief customer officer to revitalise brand

21 May 2019 | Hannah Abdulla

US retail giant JC Penney has announced another C-suite appointment, bringing Shawn Gensch on board as executive vice president, chief customer officer, to revitalise the brand and drive customer-centric strategies to grow store traffic.... read more


Puma posts "best ever" quarterly results

29 April 2019 | Hannah Abdulla

German sports apparel and footwear brand Puma has announced a 40% jump in first-quarter net profit, boosted by higher sales.... read more


Puma aims for 90% sustainable cotton and polyester by 2020

23 April 2019 | Hannah Abdulla

German sports apparel and footwear brand Puma has set a new target for 90% of all cotton and polyester used in its products to come from sustainable sources by 2020.... read more


Puma to use recycled plastic bottles in new line

29 March 2019 | Beth Wright

German sportswear brand Puma is to launch a new sustainable sportswear collection with First Mile, a company that supports low-income communities in Haiti, Honduras and Taiwan by collecting plastic bottles to produce recycled polyester.... read more


JC Penney names new CFO as it eyes return to profit

28 March 2019 | Beth Wright

US retail giant JC Penney has announced another C-suite appointment, bringing Bill Wafford on board as executive vice president, chief financial officer.... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


JC Penney ups stores closures to 18

1 March 2019 | Beth Wright

US retail giant JC Penney is to shutter 18 full-line stores this summer as part of its bid to return to profitable growth.... read more


JC Penney continues to bolster leadership team

28 February 2019 | Beth Wright

US retail giant JC Penney has further bolstered its leadership team, naming former Gap Inc and Target Corp executive Michelle Wlazlo as executive vice president, chief merchant, as part of its bid to drive sustainable profitable growth.... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


Puma FY profit jumps on stronger sales

18 February 2019 | Hannah Abdulla

German sports brand Puma has reported a 38% profit jump for the year to EUR187.4m (US$211.9m) on the back of stronger sales.... read more


JC Penney to focus on "higher margin" apparel

12 February 2019 | Hannah Abdulla

US retailer JC Penney is looking to tighten its core offering, ditching products like major appliances and focusing more on higher margin products such as apparel.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


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