2 US Apparel Store Stocks Report 2nd-Quarter Results - Yahoo Finance |
- 2 US Apparel Store Stocks Report 2nd-Quarter Results - Yahoo Finance
- The Best End of Summer Apparel Deals at Backcountry - Outside Magazine
- Savage Apparel is using recycled plastic bottles to make shirts and shorts - Richmond.com
- Global Functional Apparel Market Will Reach to USD 280.12 Billion By 2026: Zion Market Research - Yahoo Finance
| 2 US Apparel Store Stocks Report 2nd-Quarter Results - Yahoo Finance Posted: 23 Aug 2019 09:21 AM PDT Two apparel store stocks released earnings results for the second quarter of fiscal 2019 on Thursday after the closing bell. Shares of Gap Inc. (NYSE:GPS) were down 1.18% to $17.54 in after-hours trading on Thursday after missing consensus on earnings per share by 8 cents. The company posted 44 cents, down 42.1% year-over-year. Revenue of $4.01 billion, which was 2% lower than the prior-year quarter, fell $10 million short of expectations. The San Francisco-based apparel stores company saw total comparable sales down 4% in the second quarter of fiscal 2019 versus a 2% increase in the second quarter of fiscal 2018. Global brand breakdown: Old Navy Global shifted to a 5% decline from 5% increase. Gap Global worsened 200 basis points to a 7% decrease from a 2% decrease. Banana Republic Global switched to a 3% decrease from a 2% increase last year. Moreover, Gap recorded a 90-basis-point drop in its gross margin to 38.9% of total net sales and a 270-basis-point fall in operating margin to 7% of total net sales. Looking ahead to full fiscal 2019, Gap sees comparable sales down at a low single-digit rate and forecasts earnings per share to range between $2.05 and $2.15 versus consensus estimates of $2.06. Shares of Gap Inc. were trading around $17.75 at close on Thursday for a market capitalization of $6.71 billion. The stock has fallen sharply 40% over the 52 weeks through Aug. 22 and is now below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $15.22 to $31.39.  View photos Wall Street issued a hold recommendation rating with an average target price of $20.68 per share of Gap Inc. Additionally, Gap pays dividends. On Oct. 30, the company will distribute 24.25 cents in cash quarterly dividend per common share with reference to the third quarter of 2019 to shareholders of record Oct. 9. The ex-dividend date is Oct. 8. The payment generates a 5.72% forward dividend yield versus the industry median of 2.98% as of Aug. 22. Shares of Ross Stores Inc. (NASDAQ:ROST) moved 1.86% lower to $105.40 in after-hours trading on Thursday although the company beat consensus on earnings per share by 3 cents and on revenue by $20 million. The company reported $1.14 in earnings per share, up 9.6% year-over-year, on revenue of $3.98 billion, reflecting a 6.4% increase from the prior-year quarter. The California-headquartered apparel company posted a 3% increase in total comparable sales in the second quarter of fiscal 2019 versus a 5% increase in the second quarter of fiscal 2018. Further, the operating margin was 13.8% of total net sales, slightly down 10 basis points from 13.9% last year. CEO Barbara Rentler said, however, that the operating margin in the second quarter was better than what the management expected, thanks to favorable timing of expenses that should be reversed in the second half of fiscal 2019. Looking ahead to full fiscal 2019, Ross Stores sees earnings per share of $4.41 to $4.50 versus $4.51 consensus. The company anticipates 1-2% growth in comparable sales in the third and fourth trimesters. The company said that its produced its earnings forecasts considering U.S. President Donald Trump's recent announcement of 10% levies on imports from China. Shares of Ross Stores were trading around $107.4 at close on Thursday for a market capitalization of $39.17 billion. The stock increased 13% over the 52 weeks through Aug. 22 and is now above the 200-, 100- and 50-day simple moving average lines. The 52-week range is $75.91 to $108.20. View photos Wall Street issued an overweight recommendation rating with an average target price of $102.95 per share of Ross Stores. Moreover, Ross Stores distributes dividends. The company will pay 25.5 cents per common share on Sept. 30 to shareholders of record Sept. 12. The ex-dividend date is scheduled for Sept. 11. The payment produces a 0.96% forward dividend yield compared to the industry median of 2.98% as of Aug. 22. Disclosure: I have no positions in any security mentioned. Read more here: 2 US Retailers Post 2nd-Quarter Results Harmony Gold Mining Surges After Posting Annual Results Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here. This article first appeared on GuruFocus.  |
| The Best End of Summer Apparel Deals at Backcountry - Outside Magazine Posted: 23 Aug 2019 09:06 AM PDT  The HOVR Phantom/SE is not your average running shoe. It feels plush and comfortable but looks sleek, fast, and aerodynamic. Our favorite part? The shoe connects seamlessly with the UA MapMyRun app to give you personalized coaching based on your pace, cadence, stride length, and distance—with or without your phone.  |
| Savage Apparel is using recycled plastic bottles to make shirts and shorts - Richmond.com Posted: 23 Aug 2019 08:50 AM PDT  Savage Apparel Co. founder Todd Curran for years has wanted to produce T-shirts and other apparel items that were more eco-friendly. He's now doing it by using fabric made from 100% recycled plastic bottles. "Our customers are very environmentally focused, so a lot of our clients have that ingrained in their system," said Curran, the company president who founded the business in 2009 in Charleston, S.C. and relocate it to Richmond in 2015. "They are outdoor enthusiasts and they want to protect the earth," Curran said. About 17 recycled bottles are needed to create enough fabric for one medium-sized jersey, he said. But using recycled plastic bottles for shirt fabric doesn't mean users have to sacrifice comfort, he said. The fabric is slightly more durable yet lightweight and comfortable than the fabric used in his company's other shirts, he said. The new GreenLine fabric gets a special antimicrobial ionic treatment that essentially helps the shirt stay fresher longer and it gets finished off with a softener to give it an ultra-comfortable feel, he said. The shirt fabric also has a 50+ Ultraviolet Protection Factor, or UPF, rating, which he said is the highest level of UV protection available in clothing. Savage Apparel, which moved its headquarters and production operations to the corner of North Avenue and West Brookland Park Blvd., switched production process using the new fabric starting officially on Aug. 1. The company received the new fabric in May and spent the last couple of months making sure it worked according to plan. The company is on its second batch of the GreenLine fabric to make jerseys, shorts, reversible tanks, hooded jerseys and tank tops. Curran estimates that more than 1,500 items have been made using the new fabric. "It is high quality product made here locally in Richmond," he said. Savage Apparel worked with a partner mill in North Carolina to create a proprietary fabric. The recycled plastic bottles that create the thread are within a 250-mile radius from the plant. The plastic bottles are chopped up into chips and then melted and extruded into yarn. The yarn is sent to the mill to be made into the GreenLine fabric. It is then sent to a finishing house and finally to Savage Apparel's headquarters in Richmond, where the company prints, cuts, and sews every GreenLine product it sells. Not all of the company's offerings are made from the GreenLine fabric - just its main offerings of jerseys, shorts, long sleeves, hooded jerseys, tanks and polos. Savage Apparel eventually plans to use the GreenLine fabric for all of its clothing merchandise. All of the production, from design to printing and sewing, is done at the company's headquarters in North Richmond. The company originally specialized in creating uniforms for ultimate Frisbee teams. But it now works with a variety of sport teams soccer, kickball, spikeball, disc golf, dodgeball, and Quidditch. For instance, Savage Apparel earlier this month signed a deal to become the official jerseys, shorts, and sideline apparel of the American Ultimate Disc League in a three-year deal. The bulk of its sales are custom-designed orders for teams, but individuals can buy merchandise on the company's website.  |
| Posted: 23 Aug 2019 06:01 AM PDT According to the report, the global functional apparel market accounted for USD 99.24 billion in 2018 and is expected to reach USD 280.12 billion by 2026, growing at a CAGR of 13.8% between 2019 and 2026. New York, NY, Aug. 23, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Functional Apparel Market By Type (Sportswear, Outdoor Clothing, Innerwear, Footwear, Socks, and Swimwear), By Fabric (Conventional and Specialty), and By Finishing (Water-Resistant, Anti-Microbial, Wicking, Stain-Resistant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026". According to the report, the global functional apparel market accounted for USD 99.24 billion in 2018 and is expected to reach USD 280.12 billion by 2026, growing at a CAGR of 13.8% between 2019 and 2026. Functional apparels are designed to perform specific functions according to varied consumer requirements. These requirements may be ensuring protection against heat and water while engaging in some sporting activities. These apparels have gained popularity in recent times, due to the comfort they offer. Browse through 54 Tables & 31 Figures spread over 110 Pages and in-depth TOC on "Global Functional Apparel Market Size & Share 2018: By Types, Industry Growth, Trends, Segments, Analysis and Forecast to 2026". Request Free Sample Report of Global Functional Apparel Market @ https://www.zionmarketresearch.com/sample/functional-apparel-market The global functional apparel market is expected to show significant growth in the future, owing to the growing participation in fitness and sports activities due to increased health-consciousness of the global population. These apparels help athletes to stay dry by absorbing their sweat. Moreover, the increase in disposable income and changing lifestyle along with increasing urbanization are also contributing to the functional apparel market significantly. However, the high prices of these apparels due to their lightweightness and high durability and duplicity of apparels may restrain this market to some extent. The global functional apparel market is fragmented based on type, fabric, and finishing. On the basis of type, the market includes footwear, innerwear, socks, outdoor clothing, sportswear, and swimwear. Innerwear and socks are expected to show substantial growth, due to increasing skin allergies like rashes, fungal infections, etc. Footwear and sportswear segments continue to dominate the market, due to the increasing participation in sports and fitness activities. Request for PDF Brochure of This Report: https://www.zionmarketresearch.com/requestbrochure/functional-apparel-market On the basis of the fabric, the global functional apparel market comprises conventional and specialty fabrics. Conventional fabric is further categorized into cotton, polypropylene, bamboo, polyester, and wool. Specialty fabric includes spandex and neoprene. Specialty fabric is gaining popularity in recent years, due to the increasing consumer demand consumers for application-based fabrics, such as manufacturing diapers, undergarments, thermal-wear, and sportswear. Conventional fabric dominates the market and is expected to grow at a notable CAGR over the forecast time period, due to its application in the manufacturing of casual t-shirts and lowers. By finishing, the market for functional apparel includes stain-resistant, water-resistant, anti-microbial, wicking, and others. Water-resistant finishing is likely to show prominent market growth in the years ahead, owing to its increasing application in sportswear clothing. Anti-microbial finishing is also expected to show robust growth, due to an increase in skin allergies and fungal infections. Browse the full "Functional Apparel Market By Type (Sportswear, Outdoor Clothing, Innerwear, Footwear, Socks, and Swimwear), By Fabric (Conventional and Specialty), and By Finishing (Water-Resistant, Anti-Microbial, Wicking, Stain-Resistant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026" Report at https://www.zionmarketresearch.com/report/functional-apparel-market North America dominates the functional apparel market globally, due to the increase in sports and fitness activities across the region. Thus, the growing consumer demand for anti-microbial, sweat-free, and anti-odor sportswear and footwear is observed. Moreover, there is a significant shift in the clothing lifestyle of the U.S. population, as they prefer apparels that are both appropriate for work and various other physical activities. This will further propel the region's functional apparel market in the future. Europe is expected to show substantial growth in the functional apparel market globally over the forecast time period, owing to an increase in the awareness about health and fitness. The increase in the number of working women is expected to fuel the non-athletic footwear segment in the region in the years ahead. Moreover, the growing number of promotion and marketing campaigns by big players regarding these apparels are also expected to boost the market in the region, particularly in the UK, France, and Germany. Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/functional-apparel-market The Asia Pacific is expected to witness one of the highest functional apparel market growth rates globally over the forecast time period, owing to the growing consumer awareness about latest fashion trends and rapid urbanization. The region dominates the globe in terms of highest functional apparel production, due to the easy availability of raw materials and cheap labor. India and China are the main players in this region. In China, the youth is interested in gym activities and running marathons, which is expected to further the functional apparel market in the region over the forecast timeline. Latin America is estimated to show reasonable growth in the future. Brazil is the main regional player, with about more than 60% of the youth population that is increasingly participating in sports and fitness activities and prefers the latest trends and styles. Moreover, increasing disposable income of the regional population is also bolstering the region's functional apparel market. The Middle East and Africa region is likely to grow considerably in the functional apparel market over the forecast time period, particularly the UAE. This can be attributed to the rising income of the population, as consumers want to buy and experiment with new apparel trends. Some major players operating in the functional apparel market are Asics Corporation, Nike, Calvin Klein, Adidas, Jockey International, Russell Brands, Under Armour, MIZUNO Corporation, and Umbro. Request customized copy of report @ https://www.zionmarketresearch.com/custom/4611 This report segments the global functional apparel market into: Global Functional Apparel Market: Type Analysis
Global Functional Apparel Market: Fabric Analysis
Global Functional Apparel Market: Finishing Analysis
Global Functional Apparel Market: Regional Analysis
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