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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
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
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
JD Sports completes $558m Finish Line acquisition
18 June 2018 | Beth Wright
UK retailer JD Sports Fashion has formally completed its acquisition of US athleticwear chain The Finish Line in a deal worth US$558m.... 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
JD Sports hails "excellent" FY, profit up 24%
17 April 2018 | Beth Wright
UK retailer JD Sports Fashion posted what executive chairman Peter Cowgill called an "excellent" result for its full-year, reporting a double-digit hike in both earnings and revenue for the period.... read more
JD Sports to acquire Finish Line for US$558m
26 March 2018 | Beth Wright
UK retailer JD Sports Fashion has inked an agreement to acquire US athleticwear chain The Finish Line in a deal worth US$558m.... 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 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
Finish Line teams with Adidas on PureBoost release
2 February 2017 | Beth Wright
Athletic footwear and apparel retailer The Finish Line has partnered with Adidas on an exclusive release of its PureBoost footwear.... read more
Finish Line offloads JackRabbit business
27 January 2017 | Beth Wright
Athletic footwear and apparel retailer The Finish Line has revealed it is to sell its "unprofitable" speciality running shoe business, JackRabbit, to private investment firm CriticalPoint Capital, LLC. ... 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
Finish Line exploring sale of JackRabbit chain
21 November 2016 | Beth Wright
Athletic footwear and apparel retailer The Finish Line has broken its silence on reports that it is looking for a buyer for its JackRabbit speciality running-shoe stores – and has confirmed it is currently exploring "strategic alternatives" for the chain.... read more
Finish Line silent on JackRabbit sale reports
3 November 2016 | Beth Wright
Athletic footwear and apparel retailer The Finish Line has declined to comment on reports that it is looking for a buyer for its JackRabbit chain of speciality running-shoe stores.... 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
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
Finish Line promotes Sato to CEO
8 January 2016 | Katie Smith
US athletic apparel and footwear retailer The Finish Line has promoted its president, Sam Sato, as its new CEO. ... 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
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
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
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
US Q1 in brief: Finish Line, Cherokee, Destination Maternity
26 June 2015 | Michelle Russell and Katie Smith
First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings. ... read more
Oxford Industries to sell Ben Sherman amid Q4 growth
27 March 2015 | Katie Smith
After making “great progress” in 2014, US apparel business Oxford Industries is to pursue the sale of its Ben Sherman brand, saying it's the “right course of action”.... read more
Finish Line “accelerates” on final lap
27 March 2015 | Michelle Russell
The Finish Line has managed to “accelerate somewhat”, analysts believe, in the final lap of its fiscal year, despite a disappointing year for the US athletic apparel and footwear retailer.... read more
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