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Hugo Boss shares up as group meets FY targets

21 January 2020 | Beth Wright

Shares in Hugo Boss have increased this morning (21 January) as the German fashion brand has achieved its adjusted targets for the 2019 financial year thanks to a "significant" increase in sales and earnings in the final quarter.... read more

Matalan Q3 sales slip but online props up Christmas growth

20 January 2020 | Beth Wright

UK value clothing retailer Matalan has posted a drop in third-quarter sales as CEO Jason Hargreaves says consumer confidence and spending remained depressed throughout the autumn/winter season.... 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 holiday retail sales up 4.1% despite clothing slide

17 January 2020 | Beth Wright

Overall sales at US retailers during the 2019 holiday period were 4.1% higher than in 2018, despite consumers continuing to cut clothing spend in the festive trading season, new figures suggest.... read more

Strong Black Friday but not-so merry Christmas for UK retailers

17 January 2020 | Beth Wright

Strong sales growth over the Black Friday period has failed to boost performance for struggling UK retailers over the crucial Christmas trading period, new analysis suggests.... read more

Gap scraps plans for Old Navy spin-off

17 January 2020 | Beth Wright

US specialty apparel retailer Gap Inc has scrapped plans to spin off its Old Navy chain as a standalone company, and announced the departure of the Gap brand’s president and CEO Neil Fiske.... read more

Top stories this week on just-style...

17 January 2020 | Beth Wright

Top stories this week on just-style include a look at some of the biggest challenges set to face apparel brands and retailers in the year ahead, the US and China sign the long-anticipated 'Phase One' trade agreement, the Myanmar Government begins its bi-annual review of the country's minimum wage, and we explore what changes are likely under Nike's new CEO John Donahoe.... read more

US holiday sales in brief – Target Corp, Zumiez, Urban Outfitters

16 January 2020 | just-style

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Target's holiday sales failed to meet company expectations but Urban Outfitters reported record results. Elsewhere, L Brands has lowered its fourth-quarter earnings guidance and Kohl's is now expecting fiscal 2019 diluted earnings per share to be at the low end of its guidance range.... read more

Store growth continues to drive Primark sales

16 January 2020 | Beth Wright

Value fashion giant Primark has again credited the continued expansion of its store portfolio both at home and abroad for a rise in first-quarter sales but cited a "marginal" decline in UK like-for-like sales during the period.... read more

Moss Bros warns on FY as first-half sales slide

16 January 2020 | Michelle Russell

UK menswear retailer Moss Bross Group said it expects to report a full-year pre-tax loss as it booked a drop in sales in the first half of the year.... read more

N Brown shares tumble amid profit warning and Q3 sales drop

16 January 2020 | Beth Wright

Shares in N Brown Group tumbled by more than 26% this morning (16 January) as the online, catalogue and stores retailer lowered its annual adjusted pre-tax profit guidance amid a drop in third-quarter revenue. ... read more

Fashion drives "strong" peak trading for Very.co.uk

15 January 2020 | Beth Wright

A standout performance in online retailer Very.co.uk's fashion and sports segment has helped drive a rise in retail sales across the festive trading season.... read more

Quiz posts festive sales slump

15 January 2020 | Beth Wright

UK fast-fashion retailer Quiz has seen sales slide over the Christmas trading period with declines in both online and its brick-and-mortar revenue streams.... read more

Abercrombie reaffirms Q4 amid record US Black Friday week

14 January 2020 | Beth Wright

US fashion brand Abercrombie & Fitch has reaffirmed its fourth-quarter of fiscal 2019 guidance on the back of record US Black Friday week revenues.... read more

Record trading at Boohoo – What the analysts say

14 January 2020 | Beth Wright

Online retailer Boohoo has hailed record trading in the last four months of 2019 – which includes the peak Christmas trading season – with group revenue surging 44% across all key geographic regions in the period to 31 December. The performance has seen the business raise its annual sales forecast, with analysts noting the group continues to excel in a challenging market.... read more

American Eagle reaffirms Q4 guidance on record holiday sales

14 January 2020 | Michelle Russell

US fashion retailer American Eagle Outfitters has reaffirmed its fourth-quarter guidance after another holiday season of "record" revenue.... read more

Boohoo raises FY forecast on "record" four months

14 January 2020 | Beth Wright

Shares in Boohoo rose today (14 January) after the online fast fashion retailer said it expects annual group revenue growth to come in ahead of expectations after a period of record trading in the last four months of 2019. ... read more

Lululemon ups Q4 profit guidance on strong holiday sales

14 January 2020 | Hannah Abdulla

Canadian activewear brand Lululemon Athletica is upping its sales and profit guidance on the back of strong holiday-period sales.... read more

JD Sports confident on FY amid positive Christmas trading

13 January 2020 | Beth Wright

JD Sports Fashion remains confident its annual pre-tax profits will be in the upper range of current market expectations after a positive Christmas trading period.... read more

Myanmar begins review of minimum wage

13 January 2020 | Michelle Russell

The Myanmar Government has begun its bi-annual review of the country's minimum wage with a view to a potential increase later this year.... read more

Joules to enhance supply chain as Christmas sales slump

13 January 2020 | Beth Wright

British lifestyle brand Joules has taken a number of strategic decisions in relation to its supply chain operations amid a warning that its annual, underlying pre-tax profits will be "significantly below" market expectations as a stock availability issue hampered Christmas trading.... read more

Fast Retailing sales and profits slump in Q3

13 January 2020 | Michelle Russell

Japan's Fast Retailing Group, the owner of brands including Uniqlo and Gu has booked a drop in both revenues and earnings for its first-quarter, weighed down by weaker profits in its South Korea and Hong Kong operations.... read more

Superdry warns on profits amid Christmas sales drop

10 January 2020 | Beth Wright

Shares in Superdry tumbled today (10 January) after the UK clothing retailer warned its annual pre-tax profits could be eliminated following a double-digit drop in sales over the Christmas trading season.... read more

Macy's confirms plans to shutter 29 stores

10 January 2020 | Beth Wright

US department store retailer Macy's, Inc has confirmed it is to close 29 stores following a drop in comparable sales over the holiday trading season.... read more

Chico's raises Q4 outlook as sales improve

10 January 2020 | Michelle Russell

US fashion company Chico’s has raised its fiscal 2019 fourth-quarter outlook to take account of the impact of tariffs and charges related to the repositioning of its organisational structure, and improved sales.... read more

Top stories this week on just-style...

10 January 2020 | Beth Wright

Top stories this week on just-style see industry experts explain the urgent need for the clothing sector to embrace Industry 4.0, PVH Corp is selling its Speedo North America swimwear business to Pentland Group, and the US is urged to sanction China over the ongoing human rights situation in Xinjiang.... read more

Tesco bags fifth consecutive Christmas of UK growth

9 January 2020 | Beth Wright

UK supermarket retailer Tesco had reported its fifth consecutive Christmas of domestic growth despite what CEO Dave Lewis has called a "subdued UK market."... read more

M&S Q3 clothing and home sales fail to impress

9 January 2020 | Hannah Abdulla

Clothing sales have once again dived at UK High Street chain Marks & Spencer as the retailer reported its third-quarter trading results to 28 December.... read more

John Lewis managing director to depart amid FY profit warning

9 January 2020 | Beth Wright

Paula Nickolds is to step down as managing director of John Lewis & Partners amid a drop in sales during the key Christmas trading period and a warning that full-year profit at the Partnership will be "significantly" lower than last year. ... read more

Cold snap drives clothing growth at Sainsbury's

8 January 2020 | Beth Wright

UK supermarket retailer Sainsbury's has seen its clothing sales surge in the third quarter, buoyed by a popular party range and colder weather.... read more

Shoe Zone laments business rates burden as FY profit tumbles

8 January 2020 | Beth Wright

Shares in Shoe Zone were down by more than 3% this morning (8 January) as full-year profit at the UK value footwear retailer was knocked by what CEO Anthony Smith called the "increasing financial burden" placed on High Street businesses. ... read more

UK fashion sector calls for support to boost exports

7 January 2020 | Michelle Russell

The UK fashion and textile industry has called on the government to increase support for exporters, fix the skills and training landscape, and minimise disruption to trade, as it looks to raise the profile of the sector and boost trade by addressing key challenges.... read more

Next raises profit guidance amid strong Christmas trading

3 January 2020 | Leonie Barrie

British fashion and homewares retailer Next Plc has raised its full year profit guidance after full-price sales in the key Christmas trading period came in ahead of expectations.... read more

Cambodia faces economic slowdown if trade benefits lost, IMF warns

2 January 2020 | Michelle Russell

Cambodia’s economic growth is expected to slow in 2020 if the European Union (EU) withdraws the Everything but Arm (EBA) trade scheme, the International Monetary Fund (IMF) has said, warning of a permanent decline in garment sector output and employment.... read more

Top interviews on just-style in 2019...

23 December 2019 | Michelle Russell

Among the industry executives who spoke exclusively with just-style in 2019 were Dr Rubana Huq, president of the BGMEA; Andreas Streubig, director of global sustainability for Hugo Boss; Andrew Olah, event founder and CEO of textile company Olah Inc; and Anna Maria Rugarli, senior director of sustainability and responsibility for EMEA at VF International.... read more