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Apparel industry Q1 results in brief: Pacific Sunwear, Brown Shoe Co, Belk

2015-05-22 12:02:00| Daily apparel & textile news and comment - from just-style.com

The first quarter revealed that retail revenues compared to expectations fared far worse than earnings expectations amongst apparel retailers, according to Ken Perkins of Retail Metrics. Brown Shoe Co said the quarter exceeded its expectations, while Belk said investment expenses continue to impact earnings. Aeropostale booked a mixed quarter as losses narrowed but sales slid nearly 20%. New York & Co is optimistic it can return to profit in its next quarter after its losses widened.

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