Week in Review: News Not to Miss

In Industry News, What's New by Jeff PrineLeave a Comment


Summer playtime at Inditex’ Zara stores

New York—After a flurry of retail earnings reports in late April, the final batch came out this week. Like the previous one, they are a mixed bag.

Higher expenses, lower margins, dealing with a promotional environment along with lower traffic took its toll on a range of retailers’ bottom lines from Francesca’s to Neiman Marcus to Inditex, which bills itself as the largest apparel retailer in the world.

There was good news too. Especially at Christopher & Banks, the missy specialty store that is amid a turnaround strategy. It apparently is working, too.

Speaking of missy, Coldwater Creek, whose dwindling sales and losses, took it to bankruptcy court in April and eventually to liquidation, may have new life, thanks to private equity firm Sycamore Partner which has been something of a white knight for a growing list of retailers.

While May sales results from the Commerce Department were lower than expected, economists say taken together with April results, there is indeed reason to be optimistic for retail and the economy as a whole.

For these and other stores, see below for the top 10 online articles of the week:

May Retail Sales Miss Economists’ Forecast

Christopher & Banks Q1 Profit Tops Estimates

Sycamore Partners to Give New Life to Defunct Coldwater Creek

Costs Push Neiman Marcus into Q3 Profit Loss

Lululemon Cuts Outlook as Q1 Profit Plummets

Francesca’s Q1 Profit Down 21% on Higher Expenses, Lower Margins

Sign Up: Accessories Directions Spring/Summer 2015 Trend Forecasting Webinar

Macy’s Celebrates “Pride + Joy” with the LGBTQ Community

Oxford Industries Q1 Profit Tops Forecast, Outlook Weak

Despite Profit Decline, Inditex Still Beat Estimates

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