A company’s market capitalization is the total dollar value of all outstanding shares. It’s calculated by multiplying the number of shares times the current market price. Here are market cap winners and losers for the six months ended May...
A company’s market capitalization is the total dollar value of all outstanding shares. It’s calculated by multiplying the number of shares times the current market price. Here are market cap winners and losers for the six months ended May 31. Companies have a market cap minimum of $50 million. Dollar figures are in millions.
1 ELDER-BEERMAN May 2003: $59.7; November 2002: $19.9; Change: 200% EB Acquisition Ltd. recently made a cash offer of $5.50 a share for Elder-Beerman, but the retailer said it is negotiating exclusively with another as-yet-unidentified single party. The firm sought Chapter 11 bankruptcy protection in 1995, emerging as a publicly traded company in 1998.
2 OXFORD INDUSTRIES INC. May 2003: $310; November 2002: $194.7; Change: 59.2%Oxford, which manufactures Lands’ End and other labels, bought Tommy Bahama owner Viewpoint International for$325 million in April. Women’s wear, which accounts for 41.9 percent of Oxford’s total sales, posted a 57.1 percent jump in sales to $87.5 million, for the three months ended Feb. 28.
3 COACH INC. May 2003: $4,736; November 2002: $3,019; Change: 56.9%Coach, which has been successful at creating a luxury aura without charging luxury price points, saw its profits soar 169.6 percent to $31.9 million, or 34 cents a diluted share, for the third quarter. Year-ago earnings were $11.8 million, or 13 cents.
4 GOODY’S FAMILY CLOTHING May 2003: $220.5; November 2002: $142.3; Change: 55%Goody’s Family Clothing Inc. in June bought the Duck Head men’s label for selling and licensing, predicting it could grow into a $35 million to $40 million business within three years. Women’s and kids’ will be added. In May, Goody’s same-store sales advanced 3.5 percent.
5 AEROPOSTALE INC. May 2003: $759.2; November 2002: $508.5; Change: 49.3%Teen spending may be down, but Aeropostale seems to be getting its fair share of teens’ discretionary dollars. The chain posted a whopping 256.8 percent jump in earnings to $2.1 million, or 5 cents a diluted share, in the first quarter and plans to open 85 new stores over the course of the year.6 BARNEYS NEW YORK May 2003: $74; November 2002: $50.7; Change: 46%The hard work and soul-searching at Barneys New York is paying off. Last year, Barneys reported net income of $7.5 million, compared with a $15.2 million loss the previous year. Barneys is talking expansionagain. A Co-op bowed in South Beach, Miami, in September and more units could come.
7 QUIKSILVER INC. May 2003: $941.4; November 2002: $647.9; Change: 45.3%Quiksilver’s surf-inspired collections include the core Quiksilver and Roxy lines, as well as the Hawk, Quiksilver Silver Edition, Leilani, Raisins and Radio Fiji lines. While sales in the first quarter increased 25.4 percent to $78.6 million, the company’s net was down 9.1 percent to $3.7 million.
8 HAMPSHIRE GROUP May 2003: $134.9; November 2002: $94.8; Change: 42.3%Knitwear manufacturer Hampshire Group acquired Requirements in September. Item-Eyes Inc., a privately held sportswear companypurchased in 2000, accounted for $44 million in net sales.
9 DOLLAR GENERAL May 2003: $6,233; November 2002: $4,409; Change: 41.4%Dollar General leads the supervalue chain industry with $6.1 billion in sales and more than 6,000 units. The no-frills stores have become popular with pinched shoppers, with nearly 60 million U.S. households expected to shop at dollar stores this year. Dollar General opens at least one new store a day.
10 DELTA GALIL May 2003: $265; November 2002: $192; Change: 38.2%Tel Aviv-based Delta Galil, is a global provider of private label intimate apparel and fabrics. Net profit and earnings per share for the first quarter increased 297 percent and 300 percent, respectively, to $7.3 million or $0.40 per share.Sales to the U.S. mass market rose 53 percent to $61 million.
1 TOO INC. May 2003: $539.8; November 2002: $999.7; Change: -46%Too Inc. is forsaking teens and its two-and-a-half-year-old Mishmash chain to devote more real estate to its core tween customer with a new as-yet-undisclosed concept. The retailer had a disappointing fourth quarter with same-store sales falling 12 percent.2 MOSSIMO INC. May 2003: $59.6; November 2002: $108.2; Change: -44.9%Mossimo has been successful at Target since its debut therein 2001 when it did upward of $700 million in sales. The Target performance was strong enough to propel Mossimo stock back to trading on the Nasdaq. Is it any wonder that Target extended its license agreement until Jan. 31, 2006?
3 ALLOY INC. May 2003: $285.5; November 2002: $466.4; Change: -38.8%Alloy uses direct-mail catalogs, print media, Web sites, on-campus marketing programs and promotional events to feature brands geared to Generation Y. The company plans to expand its presence on college campuses and announced a shareholder rights repurchase plan in April.
4 MOTHERS WORK May 2003: $123.1; November 2002: $191.7; Change: -35.8%Mother’s Work, the world’s largest designer and retailer of maternity apparel and owner of Motherhood Maternity, A Pea In The Pod and Mimi Maternity, said this month it will move into licensing to expand its brands. The company has816 stores nationwide, plus 151 leased departments.
5 J. JILL GROUP May 2003: $298.7; November 2002: $453.3 Change: -34.1%J. Jill, the Quincy, Mass.-based multichannel retailer, wants to become a national lifestyle brand. But first it must improve its performance. Earnings dropped 71.5 percent in the first quarter, although sales advanced 12.3 percent. This, after profits slid 11.9 percent in the previous quarter.
6 DILLARD’S May 2003: $1,232; November 2002: $1,636; Change: -30.8%Dillard’s capped three years of declines with what chairman Bill Dillard described as a “shockingly bad” fourth quarter. Net and same-store sales for the quarter each declined 5 percent. The company closed five stores last year and Dillard vowed to continue to cut expenses.
7 CHARLOTTE RUSSE May 2003: $202.8; November 2002: $281.7; Change: -28%Angling to get a bigger piece of the teen and tween pie, Charlotte Russe opened Charlotte’s Room, a lifestyle and accessories concept. But young women weren’t impressed. The chain closed Charlotte’s Room in March and will focus on its 270 Charlotte Russe and Rampage stores.8 CACHE INC. May 2003: $92.2; November 2002: $127.9; Change: -27.9%Caché, which sells clothing for women who’ve got it and want to flaunt it, saw same-store sales rise 4 percent in May, while total sales increased 9 percent to $17.8 million. However, in the first quarter, ended March 29, income fell 11.6 percent.
9 SAKS INC. May 2003: $1,344; November 2002: $1,860; Change: -27.7%Saks Inc. posted a 1.6 percent same-store sales dip in May. The company is trying to hook new customers while they’re young. Saks Inc. bought the Libby Lu chain and helped FAO Schwarz by agreeing to buy $30 million of the bankrupt toy retailer’s convertible preferred stock.
10 J.C. PENNEY May 2003: $4,699; November 2002: $6,358; Change: -26.1%During the first quarter ended April 26, Penney’s earnings fell 29.1 percent to $61 million. Chairman and ceo Allen Questrom is trying to turn things around. One of his marketing coups was getting Bisou Bisou exclusively for the chain. He’s now working on Oscar de la Renta.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)