JPMorgan equity research analyst Matthew Boss discusses his bullish call on PVH Corp. and its growth in the global retail market.
*Q1 rev $661.1 mln vs est $651.3 mln. *Q1 adj. loss 71 cents/ shr vs est 70 cents/ shr. Shares of the teen apparel retailer, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 10 percent to $14.18 on Thursday.
May 25- U.S. teen apparel retailer Abercrombie& Fitch Co, which has put itself up for sale, posted a smaller-than-expected drop in comparable-store sales, helped by strong demand for Hollister, its California beach-themed brand of surfwear. Shares of the company, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management...
May 25- U.S. teen apparel retailer Abercrombie& Fitch Co, which has put itself up for sale, posted smaller-than-expected drop in comparable-store sales, helped by strong demand for its California beach-themed surfwear brand Hollister. Net loss attributable to the company widened to $61.7 million, or 91 cents per share, in the quarter, from $39.6 million, or 59...
Britain's Marks & Spencer reported a 10 percent decline in annual profit and said clothing and homeware sales fell in its latest quarter.
CNBC's Courtney Reagan reports on the outage of Lululemon's website and the news that Sears is nearing bankruptcy.
Dana Telsey, Telsey Advisory Group CEO, takes a look at Gap's better-than-expected earnings and what the retailer needs to do to with its component brands.
May 18- Clothing retailer Gap Inc reported a 12.6 percent rise in quarterly profit, helped by robust demand for its Old Navy brand. The company's net income rose to $143 million, or 36 cents per share, in the first quarter ended April 29 from $127 million, or 32 cents per share, a year earlier. Revenue was flat at $3.44 billion.
NEW YORK— Preppy clothing retailer Ralph Lauren Corp. reported a quarterly loss and another drop in revenue on Thursday, a day after announcing a new chief executive. The latest report from the company known for its polo shirts and pony logo underscores the challenges that Patrice Louvet, who was a Procter& Gamble beauty executive, faces when he start the CEO job...
The owner of Ann Taylor, Loft, Lane Bryant and other brands said it had adjusted its second-half outlook to reflect worse-than-expected business conditions.
The Halftime Report experts debate a bullish call on TJX and try to find opportunities in the rest of the retail sector.
The company forecast second-quarter adjusted profit in the range of 15 to 17 cents per share, far below analysts' average estimate of 23 cents per share, according to Thomson Reuters I/B/E/S. Apparel retailers such as Aeropostale Inc, Wet Seal and BCBG Max Azria Group LLC have filed for bankruptcy over the last two years and industry experts say many more may...
Louvet's appointment will be effective July 17, at which time he will also be appointed to the board, the company said.
May 17- American Eagle Outfitters Inc reported a first-quarter profit that narrowly missed Wall Street estimates as a tough retail climate pushed the teen apparel retailer to offer deep discounts and bear excess shipping costs on online orders. The company's gross margins in the first quarter ended April 29 declined by 2.7 percent to 36.5 percent, while its...
Traders have been complaining about the low volatility, but that's historically not a problem for markets.
CRANBERRY, Pa.— Pennsylvania- based teen clothing retailer rue21 is restructuring and filing for Chapter 11 bankruptcy protection about a month after announcing it would close roughly 400 stores to focus more on online sales. The company based in Cranberry, north of Pittsburgh, announced Tuesday that its bankruptcy filing accompanies agreements with...
Expect to see more high-brow wellness products and Southern flair at Nordstrom, Racked reports.
TJX Cos. on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retail industry.
Tyler Haney, Outdoor Voices founder & CEO, discusses building her athletic apparel brand and taking on competition from the likes of Nike, Lululemon and Fabletics.
Jim Cramer lays out a case for why Beijing may have a bigger impact on your money than the Capitol.