Jim Cramer says he doesn't think the economy's about to crack, and he's not worried about a slowdown because many big-cap stocks are practically immune.
In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca s Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a strong earnings performance , and Abercrombie booked its fifth consecutive quarter of positive comparable sales.>Tommy Hilfiger is to introduce 100% recycled cotton denim styles in its spring Tommy Jeans collection, thanks to support from parent company PVH s Denim Center in Amsterdam â its first hub in Europe dedicated to setting new standards for producing denim in a faster, more consistent and more environmentally-friendly way. >In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.>
Boot Barn Is Kickin It, but Wait for a Correction to Saddle Up The indicators for the western apparel retailer are bullish, but prices are extended compared to the longer-term moving averages, so be cautious. Stocks quotes in this article: BOOT
During his first Executive Decision segment of Mad Money Monday, host Jim Cramer spoke with Jim Conway, president and CEO of Boot Barn Holdings Inc. (BOOT) , a western-themed apparel retailer that just saw same-store sales surge an incredible 20%. Shares of Boot Barn rallied 2.5% by the close Monday to new all-time highs.
Conway said a number of factors are contributing to Boot Barn s popularity. He said the underlying business remains strong and many of the retailer s internal initiatives are beginning to bear fruit.
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. VF Corp has reported a net loss of US$285.6m, while Francesca s has seen a 50% drop in net sales. Elsewhere, Macy s, Inc said its net loss totalled $3.58bn and PVH Corp has posted an unprecedented decline in revenue and earnings.>Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.>