Last week I started an article series in which I post the best editorials and news stories in fashion. A lot has been going on in fashion lately so let’s get started with this week’s Good Reads. Also, my husband won’t be working for about a week which means I won’t be posting.
Bag on Track: Coach Results to Underscore Turnaround Success
Coach, Inc. published fourth quarter fiscal 2016 results on Tuesday and the brand’s sales and profits increased by 2% with overall net sales increasing by 15% in Q4 and 7% for the year. The Coach brand specifically had sales increase by 11% in Q4 and flat sales for the year with the benefit of an extra week of sales in fiscal 2016. The Fashion Law published their article before the news of Coach’s results were published and spoke mostly about what analysts estimated the brand’s results would be but the article was updated.
Read the full article here on The Fashion Law.
Macy’s to Close About 15% of Stores, Cut Jobs
Macy’s has announced that I will be closing 100 more stores than the 40 it said it would close last year, representing 15% of its stores and 4% of its annual revenue. There has been news of department store sales declining as more people shop for clothing online instead of in store since the holiday season last year. The company has not said which stores will be closing so it is currently not known how many jobs will be cut.
Read the full article here on The Wall Street Journal.
Check Out All 44 of the Bags (with Prices!) from Céline’s Winter 2016 Lookbook
Céline has released its Winter 2016 handbag lookbook and many of the bags looks great. PurseBlog, as usual, has photos of all the bags from the lookbook with prices. Most of the bags are silhouettes that have been out for a while but there are a couple of new bags. Regardless, there are some good bags in this collection. The bags should be available in Céline boutiques now.
Read the full article here on PurseBlog.
J.C. Penney’s Turnaround Shows Progress
J.C. Penney beat second quarter earnings estimates with revenue increasing by 1.4% to $2.92 billion. The company reported 5 cent per share decrease, better than the 41 cent decrease in the same quarter last year. Analysts estimated a 15 cent loss. J.C. Penney CEO Marvin Ellison credited 60 more in store Sephora shops the launch of a “buy online, pick up in store same day” service for the good results.
Read the full article here on WWD.
So, what do you think? Did you enjoy these articles? Let me know in the comments below. Also, don’t forget to subscribe to get new posts sent directly to your inbox and follow me on Facebook, Instagram, and Snapchat.
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