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Apparel Retail

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  • H&M CFO discusses strong US dollar   Tuesday, 24 Mar 2015 | 12:40 PM ET
    H&M CFO discusses strong US dollar

    H&M's first quarter earnings have beaten expectations. Jyrki Tervonen, CFO of H&M, talks about the pressure of the strong U.S. dollar, and the brand's outlook for the coming year.

  • These companies can weather strong dollar: Experts Friday, 20 Mar 2015 | 5:03 PM ET
    Pedestrians walk past a Nike store at night in the East Nanjing Road shopping area of Shanghai.

    The strong dollar will impact earnings, the key is knowing what companies will weather the storm best, two experts said.

  • LONDON, March 19- British clothing retailer Next cut its sales guidance for 2015-16, highlighting weaker collections after reporting a 12.5 percent rise in annual profit and a dividend increase. Next, which trades from over 500 stores in Britain and Ireland and almost 200 stores overseas as well as the Directory catalogue and internet business, on Thursday...

  • LONDON, March 19- British clothing retailer Next met guidance with a 12.5 percent rise in year profit, powered by sales growth at both its stores and Directory internet business, though it took a cautious view of the outlook for the 2015-16 year. The firm, which trades from over 500 stores in Britain and Ireland and almost 200 stores overseas, said on Thursday that...

  • Next annual profit jumps 12.5 pct Thursday, 19 Mar 2015 | 3:15 AM ET

    LONDON, March 19- British clothing retailer Next met guidance with a 12.5 percent rise in year profit, powered by sales growth at both its stores and Directory internet business. The firm, which trades from over 500 stores in Britain and Ireland and almost 200 stores overseas, said on Thursday it made an underlying profit before tax of 782 million pounds in the year...

  • March 18- Apparel retailer Guess Inc's quarterly profit beat market estimates as the company's expenses declined and online business grew. The company's e-commerce sales jumped 37 percent to a record $80 million in the fourth quarter ended Jan. 31, underscoring a growing customer preference for shopping online. Selling, general and administrative expenses...

  • Guess profit beats on improving traffic, online business Wednesday, 18 Mar 2015 | 4:46 PM ET

    March 18- Apparel retailer Guess Inc reported a better-than-expected quarterly profit as traffic improved and the company's online business grew. Net income attributable to Guess fell to $53.9 million, or 63 cents per share, for the fourth quarter ended Jan. 31 from $69.6 million, or 82 cents per share, a year earlier. Analysts on average had expected a profit of 57...

  • March 12- Teen apparel retailer Aeropostale Inc forecast a bigger quarterly loss than analysts were expecting, citing low demand due to weak customer traffic at malls. Aeropostale has been struggling to attract young shoppers, who are increasingly shifting to fast-fashion retailers such as H&M, Forever 21 and Inditex's Zara. Aeropostale forecast a loss of 53-...

  • March 12- Teen apparel retailer Aeropostale Inc reported an adjusted profit after two years of losses as cost cuts helped boost margins in the holiday shopping quarter. Aeropostale's net loss narrowed to $13.5 million, or 17 cents per share, in the fourth quarter ended Jan. 31 from $70.3 million, or 90 cents per share, a year earlier. Analysts on average had expected...

  • Get your own life-size Avenger for $40K Tuesday, 10 Mar 2015 | 12:21 PM ET

    For only $39,929, one company is giving Avengers fans the chance to own a life-size Iron Man statue, including the latest uniform, the Mark 43.

  • Style trends in wearable tech   Tuesday, 10 Mar 2015 | 6:42 AM ET
    Style trends in wearable tech

    Rebecca Minkoff, fashion designer, and Uri Minkoff, Rebecca Minkoff CEO, discuss tech opportunities in retail, including the ability to provide an interactive, customizable shopping experience for consumers.

  • March 9- Apparel retailer Urban Outfitters Inc reported a better-than-expected quarterly profit as comparable sales rose for the first time in a year, helped by a recovery at the company's namesake brand and strong demand for its Free People line of clothes. Total comparable sales rose 6 percent in the fourth quarter ended Jan. 31, with same-store sales...

  • Is Asos heading to the high street?   Friday, 6 Mar 2015 | 11:10 AM ET
    Is Asos heading to the high street?

    Guy Grainger, UK CEO of Jones Lang LaSalle, explains why online clothing brand ASOS has done better this year, and why it could move to the high street.

  • March 4- Teen apparel retailer Abercrombie& Fitch Co said the factors that led to a drop in sales in the fourth quarter- a strong dollar and weak demand for clothing featuring its name and logo- would persist in the first half of its fiscal year. Abercrombie& Fitch shares fell as much as 15 percent to a six-year low of $20.37 in morning trading on Wednesday.

  • Mar 4- Teen apparel retailer Abercrombie& Fitch Co said the factors that led to a drop in sales in the fourth quarter- a strong dollar and weak demand for clothing featuring its name and logo- would persist in the first half of its fiscal year. Teen apparel retailers such as Abercrombie, American Eagle Outfitters Inc and Aeropostale Inc have suffered as young...

  • Abercrombie & Fitch profit falls by a third Wednesday, 4 Mar 2015 | 7:44 AM ET

    Mar 4- Teen apparel retailer Abercrombie& Fitch Co said its quarterly profit fell by a third, hurt by low demand for its Hollister and namesake brands, discounts and a strong dollar. The company's net income fell to $44.4 million, or 63 cents per share, in the fourth quarter ended Jan. 31, from $66.1 million, or 85 cents per share, a year earlier. Net sales fell 14 percent to...

  • JOHANNESBURG, March 3- South African retailer The Foschini Group aims to almost triple the number of its stores across the rest of Africa over the next five years, its chief executive said on Tuesday. Foschini is the biggest reseller of Adidas and Nike products in South Africa where it is the No.3 clothes retailer by market value and operates more than 2,000...

  • 13 stocks that beat Warren Buffett Tuesday, 3 Mar 2015 | 8:16 AM ET
    Cleveland Cavaliers' LeBron James sits on the base line in front of Warren Buffett, left, in an NBA basketball game against the Charlotte Hornets Monday, Dec. 15, 2014, in Cleveland.

    These 13 stocks have beat the growth of Berkshire Hathaway in the years since 1985. USA Today reports.

  • Zappos takes a page from Uber, tries surge wages Sunday, 1 Mar 2015 | 9:00 AM ET
    Zappos

    When it comes to paying better wages and keeping employees happy, Zappos isn't waiting for the other shoe to drop.

  • How this luxury brand copes with Russia, China woes   Thursday, 26 Feb 2015 | 10:45 PM ET
    How this luxury brand copes with Russia, China woes

    Johnny Manglani, founder and president of Uomo Group, says business confidence in Russia saw a "rapid deterioration" since the annexation of Crimea and discusses the impact from a slowdown in Russian and Chinese tourists.