Interviews
Hottest & coolest apparel retailers of 2007
22 Aug '08
6 min read
Citi trends with a growth of 31.8 percent and 19.1 percent, Urban Outfitters with 23.1 and again 23.1 percent, Aeropostale with 17.3 percent and 11.4 percent in terms of growth in sales and new store additions respectively made up for the other apparel retailers who staked claim to the top 100 hot list.
Apparel retailers though, had a tough time in the first few months of 2007, but this in turn helped them hone their inventory management skills when sales picked up in the second half of 2007. Apparel retailers account for fifty percent of all retailers with the highest profit ratio.
According to research firm NPD Group, as a merchandise category, apparel sales increased about 3 percent last year. The hottest-profit-ratio group of apparel retailers, however, clocked growth in sales rates ranging from 9.3 percent for American Eagle Outfitters to 23.1 percent for Urban Outfitters.
American Eagle and Abercrombie & Fitch have been going head-to-head for years and both prospered last year while expanding multiple formats.
Casual Male has the dubious distinction of topping both the Not-So-Hot Earnings Growth and the Not-So-Hot Profit Ratio charts. Part of the reason is that the big-and-tall menswear retailer has been transforming itself over the past couple of years.
It is dropping the 'big-and-tall' name and has added the 'XL' to its logo denoting extra large. It is concentrating on the extra large segment of the market which is US $6.0 billion large and growing.
The extra large size space of the market has in turn attracted the attention of other retailers like JCPenny, Macy's and Wal-Mart which has led to Casual Male concentrating on attracting customers in sizes ranging from 42”- 46”.
Specialty retailers like Macy's are also moving aggressively by chopping off unproductive and underperforming locations, so that they do not ultimately create a burden on the earnings. A few years back it had divested the Lord & Taylor chain and the next on the list was the bridal division.
A few apparel retailer chains are appearing in the top 100 hot list consecutively since 2006, the year in which the first listing was done. These companies have been able to average a net growth rate of 45.1 percent in the three year period.
Coldwater Creek with 95.1 percent, Dress Barn 89.0 percent, The Children's Place 86.8 percent, Abercrombie & Fitch 85.5 percent and Urban Outfitters 82.1 percent are few of the companies who delivered these consolidated growth rates in the last three years and have managed to maintain their places in the top 100 list consecutively since 2006.
Wal-Mart, the retail giant from Bentonville could manage a measly 32.8 percent growth over the last 3 years but managed to sneak in at number 39 of the 40 companies who have been able to retain their places successively since the first list was out in 2006.
Men's Wearhouse stood second rank in the top 100 list for the maximum number of new stores added in 2007. Its new store additions grew from 752 in 2006 to a stupendous 1273 in 2007 to post a growth of an amazing 69.3 percent.
Click here to view detailed statistics
Apparel retailers though, had a tough time in the first few months of 2007, but this in turn helped them hone their inventory management skills when sales picked up in the second half of 2007. Apparel retailers account for fifty percent of all retailers with the highest profit ratio.
According to research firm NPD Group, as a merchandise category, apparel sales increased about 3 percent last year. The hottest-profit-ratio group of apparel retailers, however, clocked growth in sales rates ranging from 9.3 percent for American Eagle Outfitters to 23.1 percent for Urban Outfitters.
American Eagle and Abercrombie & Fitch have been going head-to-head for years and both prospered last year while expanding multiple formats.
Casual Male has the dubious distinction of topping both the Not-So-Hot Earnings Growth and the Not-So-Hot Profit Ratio charts. Part of the reason is that the big-and-tall menswear retailer has been transforming itself over the past couple of years.
It is dropping the 'big-and-tall' name and has added the 'XL' to its logo denoting extra large. It is concentrating on the extra large segment of the market which is US $6.0 billion large and growing.
The extra large size space of the market has in turn attracted the attention of other retailers like JCPenny, Macy's and Wal-Mart which has led to Casual Male concentrating on attracting customers in sizes ranging from 42”- 46”.
Specialty retailers like Macy's are also moving aggressively by chopping off unproductive and underperforming locations, so that they do not ultimately create a burden on the earnings. A few years back it had divested the Lord & Taylor chain and the next on the list was the bridal division.
A few apparel retailer chains are appearing in the top 100 hot list consecutively since 2006, the year in which the first listing was done. These companies have been able to average a net growth rate of 45.1 percent in the three year period.
Coldwater Creek with 95.1 percent, Dress Barn 89.0 percent, The Children's Place 86.8 percent, Abercrombie & Fitch 85.5 percent and Urban Outfitters 82.1 percent are few of the companies who delivered these consolidated growth rates in the last three years and have managed to maintain their places in the top 100 list consecutively since 2006.
Wal-Mart, the retail giant from Bentonville could manage a measly 32.8 percent growth over the last 3 years but managed to sneak in at number 39 of the 40 companies who have been able to retain their places successively since the first list was out in 2006.
Men's Wearhouse stood second rank in the top 100 list for the maximum number of new stores added in 2007. Its new store additions grew from 752 in 2006 to a stupendous 1273 in 2007 to post a growth of an amazing 69.3 percent.
Click here to view detailed statistics
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