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Tag Archive: teen retail

Oct
21

URBN: Fast Fashion is the Icing on the Cake

Urban Outfitters (URBN) just became the poster child for how a company should not to manage expectations after it has reduced guidance only a few weeks after an investor day. On Thursday night Urban reported that comparable-store sales have remained negative into October. That shouldn’t come as a surprise if you’ve actually visited any Urban store during the …

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Sep
02

Teen Retail: Old Guard May Not Cut it in New World

originally published on August 22 2014 Teen retailers have been in a death spiral for years now, yet recently the street has decided that fewer bad results are the new good. Take American Eagle (AEO), for example. Comps declined 7% this quarter and gross margins were down ONLY 40 basis points. Most surprising, the company issued guidance …

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Dec
03

When Will ANF CEO Take his Flip-Flops and Go Home?

originally published Nov 6 Abercrombie & Fitch (ANF) CEO Mike Jeffries is making former J.C. Penney (JCP) CEO Ron Johnson look good. The teen retailer dropped another bomb today. Third-quarter comps decreased 14% in the U.S. and 15% internationally. And its Gilly Hicks lingerie concept is “game over” to the tune of $90 million in …

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May
29

ANF: Not Buying Inventory Excuse in Europe

abercrombie

What was all that talk about a sequential improvement in Abercrombie & Fitch’s (ANF) international business last quarter? Turns out that must have been fleeting because Abercrombie reported first-quarter total same-store sales fell 15%. The U.S. was bad, down 14%, but international was downright ugly, falling 16%. I’m just relieved that all my talk about …

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Jan
02

GPS UK: As Holiday Dust Settles 75% off is Name of the Game

Evolution of a Sweater: Weekend #1 30% off

GPS UK: As the Holiday Dust Settles 75% off is the Name of the Game International has not exactly been a bright spot in Gap’s turnaround. The 2-year comp average has hovered around -10% during the past 6 months and our UK store checks for December reveal inventory levels of discounted product remain high post …

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