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Apparel

  • Chico's CEO Dyer to step down

    Chico's CEO David Dyer, who laid "the foundation for global expansion," will retire next spring, the company announced.

  • Aeropostale shrinks net loss in Q1 amid cost reductions; sales decline 19%

    New York — Aeropostale Inc. managed to shrink its net loss in the first quarter of fiscal 2015, even as sales declined. The mall-based specialty retailer reported a net loss of $45.27 million, down from $76.78 million, amid  reductions in selling, general and administrative expenses (SG&A) and restructuring charges helped cut net loss.
       Net sales dropped 19% to $318.6 million from $395.9 million. Same-store sales, including e-commerce, fell 11%.
     

  • Net loss grows at New York & Co. in Q1, will alter store count

    New York – Increases in selling, general and administrative (SG&A) expenses and interest expenses helped increase net loss at New York & Co. to $4.7 million in the first quarter of fiscal 2015 from $300,000 the same period a year earlier. The growing loss occurred as sales improved 2% to $223.4 million from $219.6 million, and same-store sales rose 1.8%.

  • Bon-Ton net loss grows in Q1

    York, Pa. – Net loss at The Bon-Ton Stores Inc. widened to $34.1 million in the first quarter of fiscal 2015, from $31.5 million in the same quarter the prior year. Increased cost of sales and depreciation and amortization helped increase net loss.

    Total sales inched up to $610.9 million from $607.5 million, while same-store sales increased 0.8%. E-commerce sales increased at a double-digit rate due to a higher conversion rate.

  • Bon-Ton propelled by online sales

    Bon-Ton Stores Inc. cited growth in the e-commerce channel as among the reasons for the company's slight increase in same store sales in the first quarter.

  • Chico’s CEO to retire in spring 2016

    Fort Myers, Fla. – Chico’s FAS announced that CEO and president David F. Dyer intends to retire in spring 2016, at the end of the company’s fiscal year.

    He will remain in his current role until a successor is appointed, and will remain on the board in the newly-created role of vice chairman until June 2016. The women’s specialty apparel retailer has retained executive search firm Herbert Mines Associates to assist in finding a new chief executive.

  • Anthropologie style misfire

    New York -- Merchandise misfires are the bane of specialty apparel retailers. Most recently, Anthropologie, a division of Urban Outfitters, missed big time with its spring collection of cocktail dresses and maxis, which customers apparently found too pricey and/or not to their liking.

    Read more

  • Stein Mart growing footprint and sales

    Stein Mart is not only growing its footprint but the off-price retailer is also growing same store sales as well.

    Same-store sales rose 4.8% in the first quarter ended May 2. Net income fell 3% to $13.6 million from $14.1 million a year earlier, with higher loan interest expense a major contributor. Net sales increased 7% to $353.5 million, from $328.9 million.

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