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Payless ShoeSource Inc

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Global retail closures as coronavirus spreads – Update

27 March 2020 | Beth Wright

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 – Oxford Industries, Shoe Carnival, G-III Apparel Group

27 March 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Oxford Industries has reported its twelfth consecutive quarter of positive comparable sales, and 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


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


Payless emerges from bankruptcy with eye on US growth

17 January 2020 | Beth Wright

Footwear retailer Payless ShoeSource has emerged from Chapter 11 bankruptcy protection with a new executive management team, a pledge to strengthen relationships with vendors and suppliers, and a goal to return to the US.... 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


Shoe Carnival shakes up executive team

20 September 2019 | Beth Wright

Cliff Sifford, CEO of Shoe Carnival, has relinquished the title of president as part of a leadership shakeup at the US footwear retailer as it creates a new management structure aligned with its long-term strategic plan.... 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


Payless gets green light on North America store closures - Update

22 February 2019 | Hannah Abdulla

Payless ShoeSource is to start winding down its North American business and its e-commerce operation after receiving approval from the US Bankruptcy Court for first day motions related to its Chapter 11 Bankruptcy protection filing. A&G Realty Partners has been retained to manage the sale of 2,587 Payless store leases across the US and Canada.... read more


Payless ShoeSource to close all US stores amid second bankruptcy

19 February 2019 | Beth Wright

US footwear giant Payless ShoeSource has filed for Chapter 11 Bankruptcy Protection for the second time in less than two years, in a move that will see it liquidate all 2,500 of its stores in the United States.... 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


Iconix names Cherokee president Galvin as CEO

17 October 2018 | Beth Wright

Brand management company Iconix Brand Group has named former Cherokee chairman Robert Galvin as CEO and president.... 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


Sports Direct in Iconix cooperation agreement

1 August 2018 | Beth Wright

Iconix Brand Group has entered into a cooperation agreement with Sports Direct International in a deal that grants the UK high street sportswear chain the right to appoint two members of the company's board of directors.... read more


Iconix names Cuneo interim CEO as Haugh steps down

18 June 2018 | Beth Wright

Brand management company Iconix Brand Group has named executive chairman, Peter Cuneo, as interim CEO following the resignation of John Haugh.... 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


Job cuts on the cards at Payless ShoeSource?

23 November 2017 | Beth Wright

Job cuts could be on the cards at US footwear giant Payless ShoeSource as the retailer, which emerged from Chapter 11 Bankruptcy Protection in August, has announced a series of initiatives it says will increase efficiencies – including plans to "streamline" its corporate headquarters.... 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


Iconix Brand Group taps former Ralph Lauren exec

5 September 2017 | Beth Wright

Brand management company Iconix Brand Group has tapped former Ralph Lauren executive June DeFabio as executive vice president of its women and home divisions.... read more


Payless ShoeSource emerges from Chapter 11

11 August 2017 | Michelle Russell

US footwear giant Payless ShoeSource has emerged from Chapter 11 Bankruptcy Protection with "substantial liquidity" after eliminating around US$435m in debt.... read more


Iconix Brand Group strengthens balance sheet, secures US$300m loan

3 August 2017 | Beth Wright

rand management company Iconix Brand Group says it has taken "significant steps" to strengthen its balance sheet and enhance its financial flexibility, including securing a new five-year US$300m senior secured term loan facility.... 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


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


Payless ShoeSource to close 400 stores amid Chapter 11

5 April 2017 | Michelle Russell

US footwear giant Payless ShoeSource has filed for Chapter 11 Bankruptcy Protection in a move that will see the closure of around 400 stores.... 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


Shoe Carnival taps Sports Authority exec for athletic footwear

17 October 2016 | Beth Wright

Footwear retailer Shoe Carnival has named former Sports Authority executive Clint Pierce as its vice president and divisional merchandise manager for athletic footwear.... 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


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


Iconix secures $300m loan credit facility

8 March 2016 | Michelle Russell

Brand management company Iconix Brand Group has secured a new five-year US$300m loan credit facility.... read more


Iconix appoints Haugh to CEO role

24 February 2016 | Michelle Russell

Brand management company Iconix Brand Group has appointed John Haugh as president and chief executive.... read more


US holiday retail roundup

14 January 2016 | Katie Smith

With the holiday season done and dusted, US apparel and footwear retailers are now counting the cost. In the most recent results, New York & Co has narrowed its fourth-quarter outlook despite posting an increase in comparable store sales, while Express has lifted its guidance. Shoe Carnival, Genesco and American Eagle Outfitters all booked increases. However, Bon-Ton Stores and Ascena Retail Group posted declines. ... read more


Sports Direct lifts stake Iconix Brand Group

13 January 2016 | Katie Smith

UK retailer Sports Direct has has increased its stake in US brand management company Iconix Brand Group and bought a stake in Dick's Sporting Goods as part of its long-term strategy. ... 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


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