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Apparel

  • Sears Q1 sales fall 20% but posts first quarterly profit in two years amid cuts

    There was a glimmer of good news in Sears Holdings Corp.'s first quarter earnings report.    

  • Jewelry giant to outsource credit portfolio

    Amid slumping first quarter sales, Signet Jewelers on Thursday announced the first phase of the strategic outsourcing of its in-house credit program, in partnerships with Alliance Data and Progressive Leasing, a subsidiary of Aaron's.  

  • Teen apparel retailer Q1 beats Street as buyout talks heat up

    A strong performance by Hollister helped Abercrombie & Fitch Co. beat first quarter sales and earnings expectations even as its namesake brand continues to struggle.    The teen apparel retailer's better than expected quarterly showing comes as speculation about its future heats up. Abercrombie previously confirmed it is in preliminary discussions with several parties regarding a sale of the company. 

  • Off-price retailer posts strong Q1

    As many mall-based specialty retailers continue to struggle, off-pricers continue to flourish and expand. And Burlington Stores is no exception.   Burlington's net income in the quarter, ended April 29, increased to $52.4 million, or $.73 per diluted share, which beat Wall Street expectations of 70 cents. In the year-ago period, the retailer reported net income of $37.5 million.   

  • Amazon takes on Etsy with new bridal destination

    Amazon is making its debut in the bridal category —a move that will take another hit against its crafting competitor Etsy.   

  • Chico's profit, sales and outlook disappoint

    Chico's FAS gave a downbeat outlook amid first quarter earnings and sales that missed Wall Street estimates.    The women's apparel retailer reported net income of $33.6 million, or $0.26 per diluted share, in the period ended April 30, compared to net income of $31.1 million, or $0.23 per diluted share, in the year-ago period. Analysts had estimated earnings per share of 29 cents for the quarter.  

  • Retail CEOs make voice heard in DC

    Twenty retail executives traveled to the nation's capitol on Wednesday to voice their opposition to the proposed border adjustment tax (BAT).   

  • Phillips Edison and the shopping center of the future

    A decade from now, there’s not likely to be a shopping center — a successful one, at least — without click-and-pick meals, several fitness options, and healthy food and beverage purveyors.   That was the take of Phillips’ Edison’s VP of national accounts Michael Conway during a session at the RECon show. Some things all centers will soon provide, according to Conway:  
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