Gear Up With VF Corporation
First-quarter retail earnings from retailers have been ugly so far, and there are a couple of key elements to be aware of prior to earnings intensifying for the sector this month.
Deckers Outdoor (DECK), Crocs (CROX), Jones Group (JNY) and Columbia Sportswear's (COLM) major department store accounts are placing lower amounts of new orders for fall 2012, following a warmer-than-average winter 2011 after which excess inventory had to be cleared through profit-busting markdowns in January, February and March or sold off to the likes of TJX Companies (TJX) and Ross Stores (ROST). In this instance, blaming Mother Nature is fair, and wholesalers, specifically those that sell cold-weather gear, are paying the price in the form of limited forward order visibility....387 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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