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US Q1 in brief - Macy's, Stein Mart, Francesca's

2020-04-08 18:24:00| Daily apparel & textile news and comment - from just-style.com

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Macy's, Inc has posted a US$3.58bn loss, while Stein Mart reported a 57% tumble in sales. Elsewhere, PVH Corp has reported an "unprecedented" decline in revenue and earnings and sales at Zumiez have fallen by more than a third.

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