CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.
Details on Industry Insight.
For Abercrombie & Fitch, which owns Hollister and several other chains, comp store sales companywide fell 7 percent.
Weaker than expected July results caused the company to lower second quarter earnings guidance.
Hollister guys: up mid-single digits
Hollister girls: down in the mid teens
Strongest regions companywide: Flagship stores, US tourist stores, Southwest
Weakest regions companywide: Midwest
Strong male categories companywide: knit tops, shorts, jeans, fragrance
Weak male categories: graphic T-shirts
Strong female categories companywide: jeans
Weak female categories: knit tops, fleece, woven pants