Evan Clark

New York

Deputy Managing Editor at Women's Wear Daily (WWD)

Co-Host at WWD Voices: Retail's Responsible Reset Series

Reporter, daddy, optimist.

Articles

Saks Global's 'Tight Liquidity' Has S&P Reconsidering Its Credit Rating

1 day ago | wwd.com | Evan Clark

Standard & Poor's has Saks Global under the credit microscope.
American Eagle Outfitters Warns on Q1, Pulls Guidance for the Year

1 day ago | wwd.com | Evan Clark

American Eagle Outfitters Inc.'s business started off slowly this year, but chief executive officer Jay Schottenstein was hopeful that business would turn, saying in March that "we anticipate improvement as the spring season gets underway." Those hopes were dashed on Tuesday when the company issued a profit warning for the first quarter and pulled its outlook for the year, citing "macro uncertainty." Investors reacted right away, trading shares of American Eagle Outfitters down 16.3 percent...
Fashion Investors Rally Behind De-escalation in U.S.-China Trade War

2 days ago | sourcingjournal.com | Evan Clark

Wall Street shot up after the U.S. and China agreed to bring the temperature down on their trade war—and the import-dependent fashion and retail crowd rode the stock roller coaster higher. After high-level weekend talks in Switzerland, the U.S. cut its tariffs on Chinese goods to 30 percent from 145 percent, while China went to 10 percent from 145 percent in return.
Fashion Investors Rally Behind De-escalation in U.S.-China Trade War

2 days ago | wwd.com | Evan Clark

Wall Street shot up after the U.S. and China agreed to bring the temperature down on their trade war - and the import-dependent fashion and retail crowd rode the stock roller coaster higher. After high-level weekend talks in Switzerland, the U.S. cut its tariffs on Chinese goods to 30 percent from 145 percent, while China went to 10 percent from 145 percent in return.
Saks Global Hires Advisers as It Works to Shore Up Liquidity

2 days ago | wwd.com | Evan Clark

Saks Global, which told bondholders two weeks ago that it was looking at options to shore up its balance sheet, has brought some heavy-hitting advisers on board to help with the process. Sources told WWD that the Saks and Neiman Marcus parent is working with financial advisers at Bank of America and PJT Partners as well as legal experts at Willkie Farr & Gallagher and Kirkland & Ellis. None of the parties immediately replied to a WWD request for comment on Monday.
PVH CEO Stefan Larsson's Pay Rises to $16.3M

3 days ago | wwd.com | Evan Clark

Stefan Larsson, chief executive officer of PVH Corp., saw his compensation package increase 4.3 percent to $16.3 million last year. Most of that came in the form of stock and option awards, which were valued at a total of $11.6 million, although the actual payout will depend on how PVH 's shares perform, linking Larsson's pay to the shareholder's pocketbook. The CEO also received a salary of $1.4 million and incentive pay of $2.8 million.
Analysts Weigh Tapestry's Strength at Coach Against the Trade War and Kate Spade's Turnaround

5 days ago | wwd.com | Evan Clark

Tapestry Inc.'s world has been growing smaller - the company gave up on buying Michael Kors last year and agreed to sell Stuart Weitzman in February - but the Coach parent is also leaner and meaner for the trade war. The New York-based handbag specialist reported that fiscal third-quarter sales grew by 7 percent, with Coach up 13 percent to $1.29 billion and Kate Spade down 13 percent to $244.9 million. Net profits increased 45.8 percent to $203.3 million.
The Contract That Helped Skechers and 3G Sign a $9B Deal in the Midst of a Trade War

5 days ago | wwd.com | Evan Clark

The $9 billion-plus agreement by 3G Capital to buy Skechers wasn't just a surprise - it was something of a dealmaking miracle, empowered by a contract designed to keep both sides comfortable in a time of economic chaos. Most bankers and big-time corporate buyers have been decidedly on the sidelines, waiting for the market to find its footing in President Trump's trade war.
The Contract That Helped Skechers and 3G Sign a $9B Deal in the Midst of a Trade War

5 days ago | finance.yahoo.com | Evan Clark

The $9 billion-plus agreement by 3G Capital to buy Skechers wasn’t just a surprise — it was something of a dealmaking miracle, empowered by a contract designed to keep both sides comfortable in a time of economic chaos. Most bankers and big-time corporate buyers have been decidedly on the sidelines, waiting for the market to find its footing in President Trump’s trade war.
Breaking Down 3G's $9B Deal to Buy Skechers

6 days ago | wwd.com | Evan Clark

The trade war was expected to stop dealmaking in its tracks - with many bankers and would-be buyers saying it was just impossible to price a company given all the sudden economic uncertainty. Nobody told 3G Capital, which agreed to buy Skechers in a $9 billion deal that ranks as the largest footwear acquisition in memory.