In the money A regular in-depth analysis prompted by what s happening in thefinancial world and how it impacts on the apparel and footwearsupply chain from manufacturing to retail. In the money: Hanesbrands sees lingering apparel price inflation 20 April 2012 While still-high cotton costs weighed on first quarter profit atsock, T-shirt and underwear maker Hanesbrands Inc, the companystill managed to beat forecasts and says it believes the worst ofthe cotton price inflation is now over. In the money: H&M coy around details of new brand 30 March 2012 While H&M Hennes & Mauritz confirmed plans to launch a new brandyesterday (29 March), it has remained cagey about what form thatbrand will take, and what its plans are for the chain. In the money: Christopher & Banks to cut average prices by 20% 28 March 2012 Christopher & Banks' newly appointed interim CEO Joel Waller hasrevealed plans to cut average prices at the US women's wearretailer by approximately 20%. In the money: Juicy Couture weighs on Liz Claiborne fortunes 1 March 2012 You won t be reading about the name Liz Claiborne in a corporatesense for very much longer and managers at the apparel businesswill be hoping that the change of name also signals a change infortunes after a year of huge volatility. |
In the money: HanesBrands hails success of price rises 17 February 2012 T-shirt and underwear maker HanesBrands says its decision to raiseprices three times over the past year in response to rising inputcosts "worked well" in its core business, and that retailers "havecome to appreciate that price increases are driving their compsales and profitability." In the money: Year of two halves beckons for VF 17 February 2012 VF Corporation boss Eric Wiseman appears to have the Midas touchjust now: forget integrating the Timberland acquisition and ridingout product cost increases it seems he can even defy theweather. In the money: A&F accentuates the positive as cotton weighs on Q4 16 February 2012 One thing is clear from a swift perusal of fashion retailerAbercrombie & Fitch s financials for the fourth quarter of fiscal2011: the company s margins were savaged over the vital holidayperiod. In the money: Marks & Spencer women's wear sales take a hit 10 January 2012 Marks & Spencer chief executive Marc Bolland admitted today (10January) that women's wear sales fell during the third-quarter,even though heavy promotions lifted the retailer's overall clothingsales. In the money: SuperGroup reveals grand ambitions 15 December 2011 Supergroup today revealed ambitious plans to ramp up the numberSKUs it offers, while improving the quality and sophistication ofits products, at the same time as reducing prices and increasingmargin.
In the money: Basics a bright spot at Dollar General 6 December 2011 A slowdown in discretionary spending might have weighed on thirdquarter apparel sales at Dollar General, but the discount retailersays it has been buoyed by demand for core basics. In the money: Abercrombie & Fitch stands by expansion plans 18 November 2011 Teen apparel retailer Abercrombie & Fitch is adamant itsinternational growth plans remain on track despite seeing asoftening in its European business, and says it intends to raiseprices at its US stores to try to mitigate the effects of highercosts. In the money: Sainsbury's in direct sourcing shift 9 November 2011 UK supermarket retailer Sainsbury's is shifting towards directsourcing as its clothing business gets bigger - and expects fallingcotton costs to be reflected in prices of its spring/summer 2012collections. In the money: M&S blames promotions for weaker H1 profits 8 November 2011 Marks & Spencer has blamed the intensifying promotional culture inits UK general merchandising division - which includes clothing andfootwear - for weaker first-half profits. In the money: Innovation lets Under Armour lift price points 28 October 2011 Innovation has not only allowed performance-apparel maker UnderArmour to charge a premium for its products, but has also helpedthe company to a 32% hike in third quarter profit, it said earlierthis week.
In the money: Esprit on long road to transformation 16 September 2011 While fashion brand Esprit is taking steps to get back on track byexiting North America and disposing its retail operations in anumber of other countries, it still has a long way to go before itregains a steady footing. In the money: Mexx sale a win-win for Liz Claiborne 8 September 2011 The deal revealed last week by Liz Claiborne Inc to sell itsloss-making Mexx business to a joint venture led by private equityfirm The Gores Group is a win-win for all concerned, the companybelieves. But analysts suggest more non-strategic brands couldstill be in the firing line. In the money: Li & Fung sees growth in Asia sales and sourcing 17 August 2011 China not only continues to be key to the sourcing plans of Li &Fung, but is also seen as one of the main drivers of future growthfor the consumer goods giant as it continues to face an uncertainenvironment in the US and Europe. In the money: SuperGroup back in fashion 13 July 2011 Fashion retailer SuperGroup Plc has defied its critics by posting arecord set of results in its first year as a listed company - andsays its proven track record, coupled with changes on the sourcingfront, now put it on course to accelerate its growth as a lifestylebrand.
In the money: M&S boss continues 2013 journey 24 May 2011 UK retailer Marks and Spencer (M&S) is looking at ways to optimiseits store space, from stocking products according to the local areato revitalising its clothing ranges, as part of a three-year planto take the company forward. In the money: Tesco faces clothing challenge 20 April 2011 The new head of Tesco has told just-style that the retailerincreased prices to cope with rising raw material costs last year,but admits that slumping demand for clothing is now presenting aproblem of its own. Joe Ayling reports from the company's full-yearresults briefing.
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