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 Wednesday reported a loss of $26.4 million in its fiscal third quarter.
The New York-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, were 31 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The teen clothing retailer posted revenue of $363.3 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $388.6 million.
In the final minutes of trading on Wednesday, the company’s shares hit 59 cents. A year ago, they were trading at $3.07.
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.