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Stein Mart

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


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


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


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


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


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


Update – US apparel retailers' January 2016 sales roundup

9 February 2016 | Katie Smith

Hurt by adverse weather conditions, a continued shift by consumers to invest in high-value items such as cars, and a general slump after the holiday period, it's no surprise US apparel retailers suffered in January, with many reporting comparable store sales declines.... read more


US apparel retailers' December 2015 sales roundup 

8 January 2016 | Michelle Russell

Santa delivered some generally positive holiday sales results to US apparel retailers in December as they grappled with a rapidly changing omnichannel landscape, low and middle income consumers with limited discretionary spending power, and a very mild autumn that depressed clothing sales.... 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


US apparel retailers' November 2015 sales roundup 

4 December 2015 | Katie Smith

As US apparel retailers readied themselves for a busy Black Friday weekend, sales proved to be somewhat disappointing. Despite a more favourable macro backdrop to consumer spending this holiday season, the majority of clothing chains reported comparable store sales declines. ... read more


UPDATE: US apparel retailers' October 2015 retail roundup

10 November 2015 | Katie Smith

Unseasonably warm weather weighed on US retailers' sales of autumn clothing in October, combining with sluggish mall traffic, softer Halloween sales, lacklustre income gains, and a continued shift in spending to motor vehicles, experiences and restaurants to push the majority of clothing chains to comparable store sales declines in the month.... read more


US apparel retailers' September 2015 sales roundup

9 October 2015 | Katie Smith

September proved to be another mixed month for US clothing retailers. While a later Labor Day weekend and the tail end of back-to-school selling boosted sales for some, the holiday shift combined with unseasonably warm weather hampered others, leading to many chains posting comparable store sales declines. ... 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


UPDATE: US apparel retailers' August 2015 sales roundup

11 September 2015 | Katie Smith

US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, and extremely volatile equity markets in August. And although back-to-school spending picked up in the latter half of the month, the majority of clothing retailers reported comparable store sales declines.... read more


UPDATE: US apparel retailers' July 2015 retail roundup

11 August 2015 | Michelle Russell

July proved to be a difficult month for the apparel chains reporting monthly sales, with several hurt by tax holiday shifts in some southern states into August from July last year. As a result, retailers are not heading into the key back-to-school selling season with much momentum.... read more


US apparel retailers' June 2015 retail roundup

10 July 2015 | Katie Smith

An improving US labour market, rising consumer confidence and higher wages were not enough to spark a significant break-out in spending in June, with half of the clothing chains reporting monthly comparable store sales seeing lower or flat trends.... 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


UPDATE: US apparel retailers' April 2015 retail roundup

12 May 2015 | Katie Smith

A shift in the timing of Easter, coupled with the lingering adverse effects of the West Coast port delays, as well as an economic soft patch in the first quarter, led to the majority of US apparel retailers recording comparable store sales declines in April.... read more


US apparel retailers' March 2015 sales roundup

10 April 2015 | Katie Smith

While the earlier Easter this year helped the majority of US apparel retailers to book comparable store sales growth in March, adverse weather conditions, an economic soft patch during the first quarter, and lingering effects of the West Coast ports labour dispute weighed on overall results.... read more


Stein Mart recovers to record “strong” Q4

13 March 2015 | Michelle Russell

Off-price fashion retailer Stein Mart said it has recovered from a second half that was negatively impacted by poor weather to record a “strong” fourth-quarter of sales and earnings growth.... read more


US apparel retailers' February 2015 sales roundup

6 March 2015 | Katie Smith

US apparel retailers reported mixed comparable store sales in February, as significant headwinds including extreme winter weather, additional costs and delays from the West Coast ports slowdown, foreign exchange rates and higher gas prices all weighed on results.... read more


UPDATE: US apparel retailers' January 2015 sales roundup

10 February 2015 | Katie Smith

US apparel retailers got off to a good start in January, with the majority posting comparable store sales gains, helped by post holiday clearance sales and stronger comparisons with last year, when severe weather hampered results. ... read more


US apparel retailers' December 2014 sales roundup

9 January 2015 | Katie Smith

Deep discounts, lower fuel prices and an improved employment market all helped to drive better-than-expected comparable store sales gains for US apparel retailers in the crucial month of December.... read more


US apparel retailers' November 2014 sales roundup

5 December 2014 | Katie Smith

Early Black Friday promotions, falling fuel prices, and labour market improvements all helped the majority of US apparel retailers to record better-than-expected comparable store sales growth in November.... read more


Stein Mart swings to Q3 net loss

21 November 2014 | Michelle Russell

Off-price fashion retailer Stein Mart has swung to a loss in its third-quarter but said it plans to open at least ten new stores and relocate two stores in 2015, in addition to closing two stores.... read more


US apparel retailers' October 2014 sales roundup

7 November 2014 | Katie Smith

October proved to be another mixed bag for US apparel retailers. While the majority reported comparable store sales gains thanks to an improving economy and strong consumer demand, others were impacted by warmer weather during the month.... read more


US apparel retailers' September 2014 sales roundup

10 October 2014 | Michelle Russell

As back-to-school shopping tailed off in the first part of September, so too did sales for many US apparel retailers. Negative surprises from the likes of Gap, outweighed better-than-expected results from retailers such as L Brands & Zumiez.... read more


US apparel retailers' August 2014 sales roundup

5 September 2014 | Katie Smith

Against an improving economic backdrop and a highly promotional retail environment, back-to-school shopping helped to push comparable store sales up for most US apparel chains in August.... read more


US: Stein Mart Q2 earnings slide on costs

21 August 2014 | Michelle Russell

Off-price fashion retailer Stein Mart said it has a number of important initiatives in place to grow its bottom line as it revealed a drop in second-quarter earnings.... read more


US apparel retailers' July 2014 sales roundup

8 August 2014 | Katie Smith

Aggressive promotions by US apparel retailers in August provided consumers with incentives to shop - leading to better-than-expected comparable store sales growth for the month. The focus is now turning to the upcoming back-to-school shopping season.... read more


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