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Old Navy and Athleta are expanding inclusive sizing. Athleta has grown at a 23% CAGR over the past 7 years and will open its first outlet store.
Total US retail sales excluding gasoline and automobiles increased 4.7% year over year in August, versus the5.6% year-over-year rise in July.
With 1.9 million women’s and men’s clothing products listed, Amazon.co.uk almost certainly offers the UK’s biggest selection of apparel.
Costco’s global same-store sales growth slowed marginally from July but came in substantially ahead of the consensus estimate. The company’s online growth accelerated to 23.9% in August, from July’s 21.3%.
Burlington Stores reported fiscal 2Q19 revenues of $1.66 billion, up 10.5% year over year and beating the consensus estimate of $1.63 billion. The company’s adjusted earnings per share (EPS) grew 18.3% year over year to $1.36, beating the consensus estimate of $1.14.
The Monthly Fashion Trend Report highlights the fashion trends that are emerging, growing and maturing- offering insights for designers, planners, retailers, buyers and merchandisers.
2Q19 revenues increased modestly to $2.36 billion versus the $2.33 billion consensus, as currency exchange rates clipped about 200 basis points (bps) from revenue growth, worth some $5 million and $0.06 per share. Adjusted 2Q19 EPS declined 3.8% to $2.10 versus $2.18 in the year-ago quarter and the $1.88 consensus estimate.
Ross Stores 2Q19 revenues were $3.78 billion, lower than the consensus estimate of $3.96 billion and up 6.5% year over year. The company reported 2Q19 adjusted EPS of $1.14.
Gap reported fiscal 2Q19 revenues of $4.0 billion, down 2.0% year over year, slightly missing the consensus estimate. Adjusted earnings per share (EPS) were $0.63, down 17.1% from the year-ago period, but ahead of the consensus estimate of $0.53.
Driven by advancements in digital channels, digitally native retailers are adapting to consumer preferences - but are also opening brick-and-mortar stores.
In this report, we review year-to-date announced store closures and openings in the US, by sector.
Canada Goose’s 2Q20 results beat consensus estimates, though the company drdeported a 650-bps decline in the gross margin. The company reiterated its fiscal 2020 outlook.
We review fashion trends and apparel spending intentions that will shape demand for clothing and footwear this back-to-school season.
Costco’s global same-store sales growth marginally improved from June, but missed the consensus estimate. Its e-commerce growth accelerated to 21.3% in July, from June’s 15.7%.
Adidas reported 4% currency-neutral 2Q19 revenue growth driven by high-single-digit growth in its sport inspired business. Revenues rose 5% to €5.51 billion.
