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US Q1 in brief – Macy's, Stein Mart, Francesca's

2 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. Macy's, Inc has posted a US$3.58bn loss, while Stein Mart reported a 57% tumble in sales. Elsewhere, PVH Corp has reported an "unprecedented" decline in revenue and earnings and sales at Zumiez have fallen by more than a third.... 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 staff and salary reductions amid Covid-19 – Update

1 May 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


Under Armour names Lisa Collier product chief

16 April 2020 | Hannah Abdulla

US sportswear brand Under Armour has appointed Lisa Collier as its new chief product officer.... read more


3D virtual design and fit tools keep fashion on track

15 April 2020 | Leonie Barrie

With fashion supply chains around the world fracturing in the face of travel bans, factory shutdowns and remote working, tools such as 3D virtual design, fit and prototyping software are helping businesses to stay on track.... 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


New Look halts supplier payments and new orders

6 April 2020 | Hannah Abdulla

New Look has suspended payments to its suppliers indefinitely as it works to navigate the Covid-19 crisis.... read more


Under Armour board approves 2020 restructuring plan

6 April 2020 | Beth Wright

The board of Under Armour has approved a previously planned restructuring initiative amid the news the sportswear brand will temporarily lay off staff at its full-price and outlet stores along with about 600 employees that work at its US-based distribution centres.... read more


Under Armour monitors supply chain amid coronavirus fallout

12 February 2020 | Beth Wright

Under Armour is assessing the potential impact of the coronavirus outbreak on its supply chain as the US sportswear brand expects a hit of up to US$60m on first-quarter sales in the APAC region – and says it is looking at a potential 2020 restructuring plan.... read more


Speed-to-market and cost control boosts New Look Q3

11 February 2020 | Michelle Russell

Improved speed-to-market, fewer promotions and cost control helped UK fashion retailer New Look narrow its losses in the third quarter, but ongoing consumer uncertainty and seasonal volatility hit revenues.... read more


Under Armour sourcing exec takes on COO role

6 February 2020 | Hannah Abdulla

Under Armour is embarking on a leadership shakeup that sees its supply chain exec Colin Browne assume greater responsibility as he becomes chief operating officer (COO).... 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


New Look taps former Bonmarché boss

10 January 2020 | Beth Wright

Former Bonmarché boss Helen Connolly is to join New Look as chief commercial officer where she will work with CEO Nigel Oddy to enhance the UK fashion retailer's product offer and sourcing strategies.... read more


New Look promotes Nigel Oddy to CEO

13 December 2019 | Beth Wright

UK fashion retailer New Look has promoted Nigel Oddy to CEO, seven months after he joined the business as chief operating officer.... read more


Brands still failing to deliver on responsible viscose sourcing

20 November 2019 | Michelle Russell

A new report has found that while the issue of responsible viscose production is now firmly on the agenda of the fashion industry, there are still brands and retailers failing to deliver on responsible sourcing.... read more


New Look narrows H1 loss but sales continue to fall

12 November 2019 | Beth Wright

New Look narrowed its losses in the first half of the year but like-for-like sales continued to decline, with the retailer blaming the fall on ongoing consumer uncertainty and seasonal volatility.... 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


Under Armour's Frisk to succeed Plank as CEO

23 October 2019 | Beth Wright

US sportswear brand Under Armour is promoting president and COO Patrik Frisk to CEO in the New Year as current chief Kevin Plank steps aside to become executive chairman and brand chief, where he will focus on long-term vision and product.... read more


Under Armour's Virgin Galactic spacesuits revealed

18 October 2019 | Beth Wright

US sportswear brand Under Armour has revealed a first look at the footwear and apparel it is developing for Virgin Galactic – the world’s first commercial spaceline.... read more


New Look narrows Q1 loss but sales slide

11 September 2019 | Beth Wright

New Look remains confident in its turnaround strategy after the UK fashion retailer narrowed its loss in the first quarter, despite sales continuing to fall. ... read more


New Look registers ranges with the Vegan Trademark

21 August 2019 | Beth Wright

UK fashion retailer New Look has become the first high-street fashion retailer to register ranges with The Vegan Society's Vegan Trademark, amid a commitment to change its components and reduce reliance on animal-derived ingredients.... 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


New Balance steps up on climate commitments

30 July 2019 | Beth Wright

Boston-based New Balance Athletics has pledged to source 100% of its electricity from renewable sources by 2025 across its global operations as part of two new major climate commitments.... read more


Under Armour digitises size range for 3D avatar fleet

12 July 2019 | Beth Wright

US sportswear giant Under Armour has teamed up with apparel size and fit specialist Alvanon to digitise its fit forms to create a range of 3D digital avatars across sizes running from an infant 0 to men's 5XL.... read more


New Balance to scale Made-in-USA 3D printing platform

3 July 2019 | Beth Wright

Boston-based New Balance Athletics has launched a new 3D printing platform based around a new proprietary photopolymer resin, which reduces the need for injection moulded thermoplastic and speeds its development and production cycles.... read more


New Look returns to FY profit but sales slide

25 June 2019 | Beth Wright

The turnaround strategy at New Look appears to be paying off after the UK fashion retailer returned to underlying profitability in its last full year, yet the company admits there is still more work to do. ... read more


New Look founder Tom Singh to retire

7 June 2019 | Beth Wright

New Look has announced its founder, Tom Singh, is to retire following the reduction of its debt burden by about GBP1bn (US$1.31bn).... 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


New Look financial restructuring cuts debt by GBP1bn

7 May 2019 | Beth Wright

UK fashion retailer New Look has hailed a "significant milestone" in its turnaround process, having reduced its debt burden by about GBP1bn (US$1.31bn).... read more


New Look to make menswear online-only category

9 April 2019 | Beth Wright

UK fast fashion retailer New Look has confirmed it is to stop selling menswear in its stores in the UK and Ireland and will instead make the range solely available on third-party online platforms such as Asos and Zalando.... read more


New Under Armour apparel line mimics infra-red sauna

5 April 2019 | Beth Wright

The latest training apparel collection from US sportswear brand Under Armour features a new mineral-infused fabric technology that works to enhance performance by recycling the body's energy.... read more


Retailer New Look to wind down Poland operations

19 March 2019 | Beth Wright

New Look has announced its Poland division has filed for insolvency, just two months after the UK fast fashion retailer wound up its operations in Belgium. ... 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


Under Armour achieves FLA accreditation

15 March 2019 | Beth Wright

The Fair Labor Association (FLA) has accredited US sportswear brand Under Armour's social compliance programme in a move that confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.... 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


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