Page 31 - Michael Binetti News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Retail industry news, voices and jobs. Optimized for your mobile phone.

ROST earnings call for the period ending July 31, 2021.

Dive Brief: PVH, with a strong start to the year, continues to reshape its leadership under CEO Stefan Larsson. The apparel conglomerate said overall first quarter revenue rose 57.5% year over year to $1.98 billion, with digital revenue up 95% (66% through its own websites). Compared to 2019, revenue fell 11.5%. Wholesale revenue rose 53% year over year, in large part thanks to strength in Europe. Year over year, Tommy Hilfiger revenue rose 63% (flat compared to 2019), Calvin Klein rose 65% (down 12% compared to 2019) and the Heritage Brands business rose 9%, according to a company press rele...

Retail industry news, voices and jobs. Optimized for your mobile phone.

Dive Brief: The effect of Nordstrom's decision last year to close 16 full-line stores was felt during its first quarter, when net sales rose 44% from 2020, but fell 13% from 2019. Year over year, full-line store sales rose 37% and off-price Rack sales rose 59%; compared to 2019, sales at each fell 13%. E-commerce sales were up 23% year over year and 28% compared to 2019, and accounted for 46% of the period's total sales, according to a company press release. Ending inventory was down 2% compared with the same quarter two years ago, the company said. Nordstrom remained in the red but narrowed...