Skip to content Skip to navigation

Mall Retailers Report Mixed Holiday Results

Print Friendly and PDF
  • Photo courtesy of Journeys

Several retailers released holiday sales results Monday before presenting this week at the ICR inventor conference.

Journeys

Journeys parent Genesco said quarter-to-date sales have been better than expected at Journeys, an important industry footwear customer.

Journeys has seen a big downturn in sales after it missed the strength of the Adidas trend.

The retailer’s quarter-to-date same-store sales are down 6%, which is better than the negative 8% to 9% expected.

OUR SPONSORS

Genesco does expect gross margin to be hurt by discounting to clear inventory, however.

Because of better than expected sales across its retail portfolio, Genesco said its earnings should come in at the high end of its previously reduced guidance.

Urban Outfitters

Same-store sales at the Urban Outfitters chain in November and December, including stores and e-commerce, rose 3.6%.

Online sales rose in the strong double digits, while store sales were negative.

OUR SPONSORS

Because of slow traffic in stores, Urban Outfitters was more promotional than planned, which will hurt gross margin for the quarter.

We noticed that Urban Outfitters was more promotional than we have ever seen during this holiday season.

Free People same-store sales rose 2.9% during November and December, and Anthropologie same-store sales dropped 1%.

Lululemon

Lululemon said its sales and earnings guidance today will come in at the high end of its previous estimate after strong holiday sales both in stores and online. The activewear chain did not need to discount to drive sales the way some other retailers did.

Lululemon said same-store sales rose in the mid-single digits.

The company now expects Q4 revenue to range from $775 million to $785 million vs. the previous range of $765 million to $785 million.

Earnings per share should be in the range of 99 cents to $1.01 vs. the previous guidance of 96 cents to $1.01.

 

 

More news

Last updated: : 01/18/2017 - 13:07

Trends at Target mirrored many other retailers: Strong digital sales more than offset by weak sales and traffic at stores

Last updated: : 01/17/2017 - 17:43

American Apparel laying off 2,400 workers this week is just a small slice of the upheaval that is unfolding for some retail and wholesale companies, with more dramatic change likely on the way

Last updated: : 01/17/2017 - 08:38

The eyewear brand started by Alan Ek and Tony Davis is founded on no-nonsense American determination and attitude

Last updated: : 01/16/2017 - 09:05

Oakley parent Luxottica announced some big news Monday that could potentially mean more changes on the way for Oakley

Last updated: : 01/13/2017 - 08:44

Several business trends led to margin pressure during the holidays

Last updated: : 01/13/2017 - 07:44

The company also outlined a desired timeline for the sale.

Last updated: : 01/13/2017 - 07:18

Retail sales in November and December came in stronger than the National Retail Federation had predicted

Last updated: : 01/11/2017 - 14:33

We have highlights of CEO Ed Thomas's presentation at the ICR investor conference

Last updated: : 01/10/2017 - 11:45

Co-CEO Alex Bhathal discusses hiring a new President Raj's biggest competitor, and how she fits into Raj's ambitious strategy for the future

Last updated: : 01/10/2017 - 08:20

Jeff tells us why he is leaving the job he has held for more than six years