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Claire Spofford to rejoin J.Jill as CEO
2020-10-07 16:07:00| Daily apparel & textile news and comment - from just-style.com
Struggling US women's wear retailer J.Jill Inc has named former president of Cornerstone Brands, Claire Spofford, as its new CEO.
J.Jill completes financial restructuring
2020-10-01 10:50:00| Daily apparel & textile news and comment - from just-style.com
Struggling US women's wear retailer J.Jill Inc has completed a financial restructuring transaction that helped it to avoid bankruptcy.
Tags: financial
restructuring
completes
financial restructuring
US Q3 in brief - Vince Holding Corp, Lands' End, J.Jill
2020-09-23 18:35:00| Daily apparel & textile news and comment - from just-style.com
The latest third-quarter filings from US apparel and footwear brands and retailers are a mixed bag, with some companies beginning to recover from the market disruption caused by the Covid-19 pandemic, while others are continuing to struggle. Citi Trends is back in the black, while Zumiez saw net income jump by more than 50%. Elsewhere, G-III Apparel Group remains on track to close all Wilsons Leather and GH Bass stores by the end of January, while Oxford Industries has moved to a net loss and announced plans to exit its legacy Lanier Apparel business.
J.Jill teetering on the edge of a bankruptcy filing
2020-09-04 13:46:00| Daily apparel & textile news and comment - from just-style.com
US women's wear retailer J.Jill Inc is teetering on the edge of a bankruptcy filing, and has warned the process could begin at the end of next week if it can't agree on a financial restructuring with 95% of its lenders.
Tags: edge
filing
bankruptcy
jjill
US Q1 in brief - J.Jill, Francesca's, Macy's
2020-04-08 18:24:00| Daily apparel & textile news and comment - from just-style.com
In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Francesca's has reported a 50% drop in net sales, while Macy's, Inc has posted a US$3.58bn loss. Elsewhere, while Stein Mart booked a 57% tumble in sales and PVH Corp has reported an "unprecedented" decline in revenue and earnings.