Vietnam factory shutdowns and supply chain snags notwithstanding, apparel companies emerged from the pandemic looking sharp. How long can they keep it up?
Their momentum seems intact following reports of healthier-than-expected revenue and profits. Ralph Lauren saw its sales grow by more than a quarter compared with a year earlier in the three months ended Dec. 25. Its operating margin, at 15.9%, was the highest seen in a comparable quarter since 2013.
which owns Michael Kors, Versace and Jimmy Choo, saw revenue up 24% compared with a year earlier in its last quarter and saw operating margins expand by 6 percentage points. Levi’s and PVH, owner of Calvin Klein and Tommy Hilfiger, likewise saw healthy margin expansions in their latest quarters compared with both 2020 and…
