The Minneapolis-based womenswear retailer reported its preliminary fourth-quarter financial results on Thursday, announcing that it expects to see a moderate sales rise, as well as improvements in gross margin.
After Columbia temporarily closed many of its China stores, the group has announced that the outbreak has impacted sales in its Asia-direct business and caused a slowdown in its supply chain and distribution.
The women’s fashion retailer managed a significant cut in its losses in Q4, as its Soma lingerie brand continued to lead sales growth and the company made further progress with its strategic initiatives.
Sustainable jewellery brand Anabela Chan, womenswear business Dai and English knitwear specialist Country of Origin are some of the names taking part in Walpole’s Brands of Tomorrow programme this year.
The New York-based sports and footwear retailer announced declines in its fourth-quarter revenues and earnings on Friday, as strong footwear sales failed to offset the negative effects of a disappointing holiday season.