338
Fashion Jobs
DFS
Senior Merchandising Manager (Global Merchandising)
Permanent · HONG KONG
STOCKX
Operations Specialist
Permanent · TSUEN WAN
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · YUEN LONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Festival Walk
Permanent · KOWLOON TONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · KWUN TONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
FRESH
Senior/Retail & Education Executive, tr Apac
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
L'OREAL GROUP
Supply Chain Planner
Permanent · HONG KONG
ADIDAS
Director, Sustainable Sourcing - Chemical, Water & Waste Management
Permanent · HONG KONG
HYPEBEAST
Account Manager
Permanent · HONG KONG
By
Reuters
Published
May 3, 2012
Reading time
2 minutes
Download
Download the article
Print
Text size

US apparel sales stay strong in April

By
Reuters
Published
May 3, 2012

Several clothing retailers, including Limited Brands Inc and Zumiez Inc, posted better-than-expected sales in April, helping to allay fears that March's strength came from an earlier Easter and a warm start to the spring season.


Limited Brands' Victoria's Secret / Photo: Limited Brands


But Costco Wholesale Corp missed Wall Street estimates for the second month in a row, indicating competition with other big-box retailers hurt the biggest U.S. warehouse club operator's performance.

Of the eight retailers that had reported April sales by early Thursday, four beat expectations and two missed, according to Thomson Reuters Data.

The Thomson Reuters index of analysts' expectations for 20 retailers that report monthly sales at stores open at least a year called for a 1.5 percent increase in April, compared with a 4.3 percent rise in March.

March results benefited because of an earlier Easter - April 8 this year, compared with April 24 in 2011. It was also the warmest March in more than 50 years, which helped spur sales of spring clothing.

But that momentum continued into April.

Victoria's Secret parent Limited Brands Inc posted a 6 percent rise in same-store sales, beating estimates.

Teen clothing retailer Zumiez Inc also beat estimates with a 10.1 percent rise.

And on Wednesday, American Eagle Outfitters Inc sharply raised its profit estimate for the latest quarter as it sold more spring clothes at full price.

Costco was a different story. Its same-store sales rose 4 percent, while analysts were expecting a 5.1 percent increase, according to Thomson Reuters Data.

"It didn't seem to receive the traffic lift one would expect operating gas stations that sell cheaper petrol and stores that undercut grocery chains," Brian Sozzi, chief equities analyst of NBG Productions, said in a note.

Sozzi said Costco, which competes with Wal-Mart Stores Inc's Sam's Club and BJ's Wholesale, has been "a bit more aggressive in terms of price to drive traffic." Its March results indicated consumers could be finding a better experience and prices elsewhere, he added.

© Thomson Reuters 2024 All rights reserved.