The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States – Aeropostale Inc. on Thursday reported a loss of $13.5 million in its fiscal fourth quarter.
The New York-based company said it had a loss of 17 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The teen clothing retailer posted revenue of $593.8 million in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $594.6 million.
In the final minutes of trading on Thursday, the company's shares hit $3.70. A year ago, they were trading at $7.25.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.