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Stein Mart could close all stores as files for Chapter 11
12 August 2020 | Beth Wright
Stein Mart has filed for Chapter 11 bankruptcy protection in a move that will see it likely to close most – if not all – of its 281 brick-and-mortar stores.... 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
Stein Mart warns on its ability to survive the next year
18 June 2020 | Michelle Russell
Stein Mart has raised "substantial doubt" about its ability to survive over the next 12 months and is considering a number of options, including a sale of the company, after the Covid-19 pandemic hit operational results and cash flow.... 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
Stein Mart go-private deal axed in mutual agreement
17 April 2020 | Beth Wright
A deal to take off-price fashion retailer Stein Mart private has been terminated in response to the unpredictable economic conditions resulting from the coronavirus pandemic.... 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
Stein Mart to be privatised following acquisition
4 February 2020 | Hannah Abdulla
Off-price fashion retailer Stein Mart is to go private after striking a deal for its takeover by a private equity firm.... 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
Stein Mart to explore strategic alternatives
31 January 2018 | Beth Wright
Off-price fashion retailer Stein Mart has assembled a "special committee" in a bid to explore all opportunities to improve the company's operating performance and identify potential strategic alternatives.... 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
Stein Mart appoints interim-CEO Hawkins to helm
27 January 2017 | Beth Wright
Off-price fashion retailer Stein Mart has appointed interim-CEO, D Hunt Hawkins, as its chief executive on a permanent basis.... 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
Stein Mart makes CEO switch amid falling sales
30 September 2016 | Michelle Russell
Stein Mart CEO and chief merchandising officer Dawn Robertson has stepped down as the off-price fashion retailer revealed lower sales for its third-quarter and a narrowing of gross margin.... 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
Stein Mart Q1 trading shows steady rise
20 May 2016 | Beth Wright
Off-price fashion retailer Stein Mart said it is pleased with spring inventories going into the next quarter after seeing a 0.6% rise in total sales in its first-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
New Stein Mart CEO Robertson to bring "fresh focus"
16 March 2016 | Katie Smith
Stein Mart has appointed Dawn Robertson as its new CEO, who is expected to bring a "fresh focus" to the off-price fashion retail group and its merchandising division.... read more
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