US Q1 in brief – Guess, Chico's, Tilly's, DSW, New York & Co

In the most recent first-quarter filings from US apparel and footwear brands and retailers, Guess saw earnings fall on soft Americas sales, while Walmart delivered an encouraging start to the year thanks to higher sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson’s Bay recorded comparable store declines on the back of lower domestic store traffic across all banners.