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Confident consumers boost July US retail sales

16 August 2019 | Beth Wright

US retail sales continued their upward trajectory in July with the results consistent with a confident consumer, new figures show, but increased trade tensions could spark a wind of caution in consumer spending in the weeks ahead.... read more


Top stories this week on just-style...

16 August 2019 | Beth Wright

Top stories this week on just-style include a two-part series examining why and how garment factories should become retailers, a look at the innovative new concepts starting to shape next-generation fashion supply chains, and the US tariff saga continues to unravel with tariffs on some apparel and footwear items now delayed until 15 December. ... read more


US Q2 in brief – Walmart, JC Penney, Dillard's

16 August 2019 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, Walmart has booked a 1.8% rise in total revenue, footwear maker Weyco has warned it expects the extra 10% tariff to be imposed on $300bn worth of US imports from China to increase the overall cost of its shoes, while both Steve Madden and Columbia Sportswear have reported record second-quarter results. ... read more


Kate Spade weighs on Tapestry Q4 performance

15 August 2019 | Beth Wright

Shares in Tapestry remained down by more than 6% this-afternoon (15 August) as the accessories business reported a near 30% drop in fourth-quarter profit after being dragged down by the group's Kate Spade brand.... read more


Acquisition costs weigh on Delta Galil Q2 profit

14 August 2019 | Beth Wright

Costs related to the acquisition of intimate apparel manufacturer The Bogart Group have weighed on Delta Galil Industries' profit in the second quarter, even though the Israeli apparel major saw a double-digit rise in sales during the period.... read more


Authentic Brands Group nets $875m in new funding

12 August 2019 | Beth Wright

Authentic Brands Group (ABG) – owner of labels including Volcom,  Camuto Group, Juicy Couture, Aeropostale and Nautica – has secured a strategic investment of US$875m from investment firm BlackRock’s new private equity fund to support its expansion.... read more


Bankrupt fashion chain A'Gaci to shutter all stores

12 August 2019 | Beth Wright

US women's fashion retailer A'Gaci has filed for Chapter 11 bankruptcy protection and is to close and wind down all 54 of its brick and mortar store locations in the US and Puerto Rico.... read more


Schuh calls in restructuring specialists?

12 August 2019 | Beth Wright

UK based footwear retailer Schuh says it has no immediate plans for store closures amid reports it has called in restructuring specialists from advisory firm KPMG to assess its options.... read more


JC Penney warned on potential NYSE delisting

9 August 2019 | Beth Wright

JC Penney has been warned of a potential delisting from the New York Stock Exchange (NYSE) after shares in the US department store retailer traded below US$1 for a period of 30 days.... read more


Top stories this week on just-style...

9 August 2019 | Beth Wright

Top stories this week on just-style continue to be dominated by the punitive 10% tariff soon to be imposed on $300bn worth of US imports from China – including all textiles, apparel and footwear. We take a look at how some brands are mitigating the potential impact of the new tariffs, and how China's upstream fibre, yarn and fabric producers are ramping up production ahead of a possible slowdown. Primark has also suspended sourcing with several suppliers in Bangladesh after discovering breaches to its Code of Conduct.... read more


Adidas confirms FY view despite ongoing supply issues

8 August 2019 | Beth Wright

German sporting goods giant Adidas has reaffirmed its full-year forecast, even though its second-quarter earnings were squeezed by higher air freight costs as it tried to make up for shortages of mid-priced apparel in North America.... read more


Kontoor Brands says cost-cutting is paying off

8 August 2019 | Hannah Abdulla

Kontoor Brands, the owner of the Wrangler and Lee brands that was recently spun-off from VF Corp, has reported a fall in revenues and profits for the second quarter but insists the restructuring and cost-saving actions it has taken to stabilise the business are paying off.... read more


Lenzing confirms FY view despite "challenging" market

7 August 2019 | Beth Wright

Austrian cellulosic fibre producer Lenzing has hailed a slight increase in revenue in the first half of 2019 and confirmed its outlook for the full year despite what it calls a "significantly more challenging" market environment with historically low prices for standard viscose.... read more


Top stories this week on just-style...

2 August 2019 | Beth Wright

Top stories this week on just-style include a tweet from President Trump announcing that a punitive 10% tariff will be imposed on $300bn worth of US imports from China – including all textiles, apparel and footwear – beginning 1 September, China's continuing dominance of international textile industry, and a warning that a recent increase in "illegal" strikes in Cambodia could lead to a loss of confidence from buyers.... read more


Delta Apparel Q3 boosted by digital print and Salt Life

1 August 2019 | Hannah Abdulla

Third-quarter earnings have jumped at activewear maker Delta Apparel thanks to a sales rise which it attributes to growing strength in digital print and expansion at its Salt Life business.... 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


Gildan Q2 profit slips on higher restructuring costs

1 August 2019 | Hannah Abdulla

Gildan Activewear has reported what it says are "record" second-quarter sales, although restructuring and acquisition-related costs meant a fall in net earnings.... read more


Zalando ups profit outlook on "strong" first-half

1 August 2019 | Beth Wright

German fashion e-tailer Zalando has raised its profit outlook following a surge in visits to its website and orders in the second quarter of 2019.... read more


Top stories on just-style in July...

1 August 2019 | Beth Wright

Top stories on just-style in June included an interview with Moushumi Khan, the CEO of Bangladesh's newest safety monitoring initiative Nirapon, a look at the world's ten worst countries for workers, why China's role as the clothes sourcing go-to for most of the apparel industry is set to change, and M&S's journey to sourcing more sustainable cotton. Inditex also outlined a series of new sustainability commitments. ... read more


Hugo Boss trims FY outlook amid US challenges

1 August 2019 | Beth Wright

German fashion group Hugo Boss has confirmed its outlook for the full year, but says sales and earnings are likely to be at the lower end of its forecast as it faces "persisting challenges" in the US market.... read more


Next shares surge as retailer ups FY outlook

31 July 2019 | Beth Wright

Shares in Next Plc surged by more than 9% this morning after the UK-based fashion and homewares retailer significantly increased its full-year guidance – more than doubling full-price sales growth and upping profit guidance by GBP10m (US$12.2) – on the back of a strong second quarter.... read more


Puma lifts guidance following positive Q2

31 July 2019 | Beth Wright

German sportswear brand Puma has raised its full-year guidance on the back of "healthy improvement" across all divisions and regions in the second quarter.... read more


Ralph Lauren Q1 moving in the right direction

30 July 2019 | Beth Wright

US apparel giant Ralph Lauren has delivered results in line with expectations for the first quarter, with signs that efforts to elevate its brands and stabilise its North America business are starting to pay off.... read more


Sports Direct laments "terminal" problems at House of Fraser

29 July 2019 | Beth Wright

UK sportswear retailer Sports Direct says it might have made a "different decision" regarding its acquisition of House of Fraser last year, had it had the gift of hindsight.... read more


Ruyi to list Lycra on new tech stock market, eyes Asia growth

29 July 2019 | Hannah Abdulla

Shandong Ruyi Group, the Chinese owner of the Lycra Company, is to list the unit's shares on the Science and Technology Innovation Board (STIB) in a bid to drive growth in Asia.... read more


Bangladesh seeks WTO support to make RMG sector more sustainable

29 July 2019 | Hannah Abdulla

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has confirmed it recently sought BDT55m (US$651,32) from the World Trade Organisation to enable it to invest in research and development, innovation, product diversification and value addition, with the aim of making the readymade garments (RMG) sector more sustainable. ... read more


Deckers Brands ups FY guidance on record Q1 sales

29 July 2019 | Beth Wright

US apparel and footwear group Deckers Brands has raised its guidance for full fiscal year 2020 on the back of record first-quarter sales.... read more


Ascena Retail Group names Dan Lamadrid CFO

29 July 2019 | Hannah Abdulla

Ascena Retail Group has named its senior vice president, finance and chief accounting officer, Dan Lamadrid, as its new executive vice president and chief financial officer. ... read more


Mothercare to franchise UK stores amid falling sales

26 July 2019 | Beth Wright

An unscheduled trading update from Mothercare this morning (26 July) saw shares in the UK-based mother, baby and children's goods retailer tumble 11% as it warned of slower than expected UK margin recovery and falling first quarter sales.... read more


Kering H1 sales surpass EUR7bn but Gucci growth slows

26 July 2019 | Beth Wright

French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand.... read more


Top stories this week on just-style...

26 July 2019 | Beth Wright

Top stories this week on just-style include the results of a new survey that found 83% of US fashion sourcing executives plan to source less from China over the next two years, a look at the expansion of an innovative new mill in Hong Kong that upcycles textile waste into yarns, the danger of compliance becoming a box-ticking exercise, and a new chemical management app that offers an at-a-glance view of chemical use in global supply chains.... read more


Joules multi-channel strategy delivers strong FY results

23 July 2019 | Hannah Abdulla

UK high street fashion brand Joules has reported a positive set of full-year results on the back of strong retail sales performance at home and overseas, as well as online growth.... read more


JC Penney denies debt restructuring claims

22 July 2019 | Beth Wright

US retail giant JC Penney has responded to reports the company has hired advisers to explore debt restructuring options, noting it has a "strong liquidity position" and is not preparing for a restructuring or bankruptcy.... read more


Chico's FAS names Brooks CEO of nimbler organisation

19 July 2019 | Beth Wright

US women's wear retailer Chico's FAS has named Bonnie Brooks as its new CEO and president – one of a number of executive changes under a new organisational structure to create clear lines of responsibility within the business. ... read more


Top stories this week on just-style...

19 July 2019 | Beth Wright

Top stories this week on just-style include a look at Marks & Spencer's journey to sourcing more sustainable cotton, new sustainability commitments from Zara owner Inditex, China's changing role as the clothes sourcing go-to, and new guidelines to help firms tackle waste, pollution and harmful practices in jeans production.... read more


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