By Kapitall:
Jean sales are down. According to a recent Fortune article, shifting sartorial tastes have led women to ditch denim for leggings (and jeggings) and pushed men towards chinos. Three major clothing companies have reported a drop in American jeans revenue this month: Guess Jeans (NYSE:GES), Levi Strauss, and VF Corp (NYSE:VFC), which manufactures Lee and Wrangler jeans.
VF's jean sales in the Americas fell 7%, Guess Jeans saw a 4.2% decline in North American sales, and Levi Strauss's sales in the Americas dropped 3.2% thanks to lower wholesale women's sales. But not every jean maker was affected by waning interest in jeans: Premium denim company Joe's Jeans (NASDAQ:JOEZ) reported a 56% increase in second-quarter revenue, raking in $48.2 million.
The difficulty some companies are encountering in selling their jeans inspired us to take a look at inventory trends across the apparel industry for our following screen. We began by
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