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US Q2 in brief: Men's Wearhouse, Pacific Sunwear, Belk, Genesco

2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Men's Wearhouse grew its net income more than threefold, Pacific Sunwear posted a double-digit increase in profit, thanks to a non-cash gain, while Belk saw its net income more than halve due to higher expenses. Genesco booked a hike in earnings and Oxford Industries raised its full-year outlook despite swinging to a loss.

Tags: pacific mens wearhouse belk

 

US Q2 in brief: Lululemon, Men's Wearhouse, Pacific Sunwear

2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Lululemon Athletica lifted its full-year guidance despite a fall in profit, Men's Wearhouse grew its net income more than threefold, Pacific Sunwear posted a double-digit increase in profit, thanks to a non-cash gain, while Belk saw its earnings more than halve due to higher expenses. 

Tags: pacific mens wearhouse sunwear

 
 

Pacific Sunwear down on drop in same-store sales

2015-05-29 17:42:21| Apparel - Topix.net

Pacific Sunwear of California Inc. shares fell 18% in after-hours trading as the company posted its first quarterly decline in same-store sales in more than three years. The Anaheim, Calif.-based chain, which targets 17- to 24-year-olds with its casual apparel and footwear, said same-store sales for the quarter ended May 2 fell 2%.

Tags: sales drop pacific sunwear

 

Apparel industry Q1 results in brief: Pacific Sunwear, Brown Shoe Co, Belk

2015-05-22 12:02:00| Daily apparel & textile news and comment - from just-style.com

The first quarter revealed that retail revenues compared to expectations fared far worse than earnings expectations amongst apparel retailers, according to Ken Perkins of Retail Metrics. Brown Shoe Co said the quarter exceeded its expectations, while Belk said investment expenses continue to impact earnings. Aeropostale booked a mixed quarter as losses narrowed but sales slid nearly 20%. New York & Co is optimistic it can return to profit in its next quarter after its losses widened.

Tags: results industry brown apparel

 

Apparel industry Q1 results in brief: Pacific Sunwear, Destination XL

2015-05-22 12:02:00| Daily apparel & textile news and comment - from just-style.com

The first quarter revealed that retail revenues compared to expectations fared far worse than earnings expectations amongst apparel retailers, according to Ken Perkins of Retail Metrics. Brown Shoe Co said the quarter exceeded its expectations, while Belk said investment expenses continue to impact earnings. Aeropostale booked a mixed quarter as losses narrowed but sales slid nearly 20%. New York & Co is optimistic it can return to profit in its next quarter after its losses widened.

Tags: results industry apparel pacific

 

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