‘Two wardrobes’: Atheisure and party wear drive sales growth for apparel retailers during the third quarter

At Macy’s, Abercrombie & Fitch, Tapestry, Kontor, Kohl’s, Boot Barn and Farfetch, revenues grew between 10% and 33% year-over-year this quarter.As apparel retailers learn to navigate supply issues and consumers return to stores, children’s apparel, formal clothing and jewelry lead third quarter success.

Top Stories Nov 24
Illustration with a pan, a jar and underwear with tags spelling out D-T-C.

DTC Briefing: Forerunner’s Nicole Johnson on how the consumer psyche has evolved

Nicole Johnson said that as a partner at venture capital firm Forerunner -- which has invested in some of the most notable consumer startups over the past decade, ranging from Away to Stadium Goods to Oura -- her focus has been on understanding the "consumer psyche -- where the consumer is heading and why.

Hollister is partnering with Snap for an augmented reality holiday marketplace

For Black Friday, Hollister and Snap are partnering up for a shoppable augmented reality holiday marketplace. Hollister will sell a selection of comfort-focused apparel and gifts from two of its three brands -- Hollister and Social Tourist -- via a shop meant to look like a modern convenience store.

Modern Retail Research: Brands say 2021's holiday revenue will exceed 2020's

A recent Modern Retail and Glossy survey asked brands and retailers what they expected for the weeks to come, and many reported overall positive outlooks. Over half of the respondents said they expect their holiday revenue to be at least slightly up from 2020's sales. Recent earnings results underpin these expectations.

Other news to know

  • Dollar Tree announced it’s increasing its bargain prices by 25% next year. The dollar store chain said it will start selling most items for $1.25 due to inflation. 
  • Abercrombie & Fitch is recovering from its pandemic decline. The apparel company’s total sales grew by 4.8% over 2019 levels, and 10.4% over 2020. 
  • Dick’s Sporting Goods’ winning streak continues. The retailer reported its net income hit $316.5 million last quarter, up from $177.2 million last year.
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Dick's YoY e-commerce growth

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Best Buy is investing in customer loyalty ahead of the holidays

Best Buy is investing in customer loyalty ahead of the holidays

Best Buy combats margin declines and supply chain constraints with investments in a beefed-up membership program. While the program has put short term financial pressure on the company, analysts interviewed by Modern Retail and Best Buy executives promise long-term gains.

Why Buitoni partnered with Impossible Foods on co-branded products

After years of helping build the plant-based food trend, Impossible Foods is partnering with another CPG brand. This month Buitoni Food Group released the first two Impossible products, which the company says is an attempt to cater to consumers' changing diets and tastes.

The office lunch has changed -- and restaurants are losing out

The office lunch has changed -- and restaurants are losing out

We've entered a new paradigm for the work lunch. While restaurant lunch sales are slowing relative to pre-pandemic, customers are instead flocking to grocery stores and other retailers for home-cooked, packaged, and frozen meals -- turning lunches into an increasingly supermarket-centric occasion. As a result, lunch-focused businesses are pivoting.

Retailers fend off slowing e-commerce growth and inventory challenges during third quarter earnings

Nearly two years after the start of the coronavirus pandemic, retailers are still getting accustomed to operating in uncharted territory. That was evident during a series of third-quarter earnings calls last week from some of the biggest retail chains -- Walmart, Target, Home Depot, Lowe's, Kohl's and Macy's all reported earnings.

'Shifting money from more traditional advertising': Pizza Hut's chief transformation officer on how the brand is using mobile games to reach younger customers
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'Shifting money from more traditional advertising': Pizza Hut's chief transformation officer on how the brand is using mobile games to reach younger customers

Pizza Hut has been shifting to a predominantly digital-first media mix globally since 2017, Courtney Vogel, chief transformation officer at Pizza Hut International told Modern Retail. The company hatched a plan to add more mobile-centric experiences to its marketing mix at the end of 2020 -- a time when the pandemic was forcing brands to rethink their strategies amid store closures.

Why apparel brand Rails is focusing on international expansion

After relying on wholesale for years, apparel brand Rails is starting to grow globally by opening its own stores abroad. Rails, which was founded in 2008, opened its first international store in Paris in July. Next, the company is preparing to open two Rails stores in London, with the first location opening this coming winter. 

Sephora shop-in-shops are helping Kohl's draw young, new customers

After taking a hit during the coronavirus and investing in new store features, Kohl's is back on track and increasing sales. During its 2021 third fiscal quarter, the department store credited its newly-opened Sephora shop-within-shops for the influx of young new customers.

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