Apparel Retail
Case studies in apparel retail.
Abercrombie & Fitch Co.: Capital choices after the tariff refund
Abercrombie & Fitch Co. ended its second quarter with 15 consecutive quarters of year-over-year sales growth. It also reported flat comparable sales and an operating margin that management estimated had received a 790-basis-point benefit from about $100 million of IEEPA tariff refunds. At the same time, its FY2026 outlook called for continued store investment and repurchases. Read case
Ross Stores: How fast, and where, should the network grow?
On May 23, 2024, Ross Stores reported first-quarter results. Its March 11 release had set a fiscal-year plan to open approximately 90 stores: about 75 Ross Dress for Less and 15 dd’s DISCOUNTS. Eighteen locations had already opened by that March update. Read case
TJX: How Fast Should the Next Store Wave Move?
The TJX Companies had 5,214 stores at the end of fiscal 2026. Management estimated that the company could eventually operate about 7,000 stores across its current and planned markets, including Spain. That figure was a long-run estimate, not an approved opening schedule. Read case
Zumiez: Where Should the Next Stores Go?
On the afternoon of June 6, 2024, Zumiez reported results for its first quarter of fiscal 2024. The company’s release described its North American region as having “inflected positive” in the quarter. Read case