Signs of Hope
“I am happy with the inflection we’ve seen in the [North American] business. We started to see a turn in our retail business in the second quarter and we saw even stronger momentum during the third.” — Emanuel Chirico, ceo, on Nov. 30
“The third quarter produced record sales.…I’m very pleased to see strong momentum continue into the fourth quarter, positioning us well for the next few critical weeks of the holiday season.” — Jay Schottenstein, ceo, on Dec. 6
G-III Apparel Group
“We are pleased with our third-quarter results, which surpassed our plan….Overall, we are positioned for a good fourth quarter as our products continue to sell well in stores throughout the country.” — Morris Goldfarb, ceo, on Dec. 5
Neiman Marcus Group
“In this very challenging retail environment, we delivered positive growth for the first time in a couple of years.” — Karen Katz, ceo, on Nov. 21, referring to the fiscal first quarter
Signs of Nope
Ascena Retail Group Inc.
“We were unable to capitalize on the improving macro traffic environment due to fashion missteps that we cannot afford in today’s environment.” — David Jaffe, ceo, bemoaning a “disappointing” fiscal first quarter, on Dec. 4.
Bon-Ton Stores Inc.
“The third quarter fell short of our expectations….We expect to implement a significant store rationalization program and plan to close at least 40 locations through 2018.” — William Tracy, ceo, on Nov. 16
J. Crew Group Inc.
“To drive top-line growth, we must evolve our business model from a traditional brick-and-mortar specialty retailer to a digital-first omnichannel business…with a more appropriately sized real estate footprint.” — Michael Nicholson, chief operating officer, on Nov. 21
Hudson’s Bay Co.
“While Saks Fifth Avenue and Hudson’s Bay are performing well, our overall third-quarter results did not meet our expectations,” Richard Baker, HBC’s governor, executive chairman and interim ceo