The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now on Industry Insight.
Here's the report:
The industry's biggest customer had a "weaker than expected performance in December," executives said.
Total company same-store sales: down 2.8 percent.
PacSun stores: up 0.8 percent
Demo stores: down 28.4 percent
Company same-store sales YTD: up 1.2 percent
PacSun stores YTD: up 3.7 percent
Demo stores YTD: down 18.3 percent
Best regions: Texas, Northwest, Midwest
Worst: desert Southwest, Southern California, Florida
Strong category: Apparel up 13 percent
Juniors apparel: up low 20s led by tops, dresses and Bullhead denim.
Guys apparel: up high single digits led by tops
Accessories and footwear: down 22 percent.
Guidance: Lowered to 11 to 14 cents per share because of weak sales and expenses from Demo closure and relocating Anaheim distribution center to the Midwest. January same-store sales should be similar to December.
December same-store sales: down 7.9 percent, below guidance of down 4 to 7 percent.
November and December combined: down 1.1 percent, consistent with guidance.
Explanation: Macroeconomic environment dampened sales, executives said.
January same-store sales: Should be down 4 to 6 percent.
December same-store sales: down 4 percent
Quarter to date: up 0.7 percent
Best regions: Northwest and Northeast
Best categories: accessories and women's shoes
Owned by Abercrombie & Fitch
December same-store sales: down 3 percent
Guys: up mid-single digit
Girls: down high-single digit
Best regions company-wide: Southwest
December same-store sales: up 18.7 percent
Men's total sales: up 25.5 percent
Strong men's categories: denim, woven and knit tops, sweaters.
Women's total sales: up 19 percent
Strong women's categories: denim, knit tops, outerwear.