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Apparel

  • Survey: Gen Z is a big influencer

    Watch out millennials, there’s a new generational cohort upsetting the retail landscape.   Generation Z has become an increasingly important influencer of consumer spending, according to a new study by HRC Retail Advisory, with new shopping behaviors that focus on both malls and online shopping. (The HRC survey describes Gen Z as individuals born between 1999 and 2006).  

  • Foot Locker in top form in Q3 profit surges

    Foot Locker reported third-quarter profit that surpassed analysts’ expectations.   The retailer’s earnings soared 96.3% in the quarter ended Oct. 29 to $157 million, or $1.17 a share, up from $80 million, or 57 cents, a year ago.   Total sales increased 5.1% to $1.886 billion this year. Same-store sales were up 4.7%.  

  • Leasing firm: 2016 volume has been hot

    Levin Management president Matthew Harding says 2016 has been an especially active year for new retail leases. Over the past nine months, he reports his company handled leasing activity for more than 500,000 sq. ft. — over 400,000 sq. ft. of that in retail.   

  • Another off-pricer soars in Q3

    The U.S. shopper’s love affair with the off-price channel shows no signs of winding down any time soon.       Ross Stores easily beat analysts’ expectations as its earnings increased 13% in the quarter ended Oct. 29, amid better-than-expected revenue growth and stronger margins.   

  • Houston town center completes phase one

    The first phase of Fairfield Town Center in northwest Houston is nearing completion and should be fully operational by Black Friday, promises owner Washington Prime Group, formerly WP Glimcher.   Already open and operating at the 600,000-sq.-ft. development are HEB, Academy Sports + Outdoors, Chick-fil-A, and McDonalds, among several others. The fully populated center will include Marshalls/Homegoods, Ulta, Chipotle, and Dress Barn.  

  • Gap underwhelms as Q3 profit, sales drop

    Gap Inc. delivered another weak quarter as store closures outside of North America impacted its profitability and sales continue to slump at its namesake and Banana Republic divisions.   The retailer earned $204 million, or 51 cents per share, in the quarter ended Oct. 29. That compares with $248 million, or 61 cents per share, last year. Adjusted results were 60 cents per share, which matched estimates from FactSet.       

  • Nielsen: Digital shopping to drive holiday sales in 2016

    As shoppers use more devices to shop their favorite brands, it is not surprising that digital shopping will drive retail holiday sales.   This message was delivered in Nielsen's 2016 holiday trend report, which tapped 1,159 adults aged 18 years and older. As of Nov. 11, online shopping was outpacing in-store visits, with 58% of shoppers already purchasing their holiday gifts online compared to 40% that went to big-box retail stores, and 25% who visited department stores.  

  • Abercrombie & Fitch profit plummets as turnaround effort stalls

    Abercrombie & Fitch’s efforts to turnaround its struggling namesake brand aren’t finding much traction with shoppers.   The teen apparel brand on Friday said that its profit declined 81% in the third quarter and warned that it expects a challenging holiday season for its namesake banner.     Abercrombie posted net income of $7.88 million, or 12 cents per share, for the quarter ended Oct. 29, down from $41.9 million, or 60 cents per share, in the year-ago period.  
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