The Federal Trade Commission is proposing changes to its Textile Labeling Rules, which require that certain textiles sold in the United States carry labels disclosing the generic names and percentages by weight of the fibers in the product, the manufacturer or marketer name, and the country where the product was processed or manufactured. The Rules implement the Textile Fiber Products … [Read more...]
Squabbling Retailers: Is Martha Stewart Worth the Penney’s Macy’s Battle?
May 5, 2013 by
Retailing giants Penney and Macy's continue to slug it out in court over who has the contractual right to sell Martha Stewart brand products. But a clear winner in this ongoing dispute has yet to emerge as the New York Supreme Court hears arguments from both sides and ponders the legalities in this case that may or may not bring profits to the victor. At the heart of all this bickering in a … [Read more...]
Pakistan’s Textile Exports Up 13%, Buoyed by EU Access
April 23, 2013 by
Pakistan’s tenuous textile market sprang back into life last month, recording a 13% growth compared to exports in March of last year. After February’s 4% drop in textile exports, the increase was especially welcome news. Last month’s exports totaled $1.167 billion—up from just over $1 billion in March 2012. Significant rises in value-added products like knitwear, bed-wear, towels and … [Read more...]
Judge Rules in Favor of JCP
April 18, 2013 by
An appeals court ruled today that JCPenney is allowed to sell unbranded goods designed by Martha Stewart. The company will continue to be allowed to sell goods branded as JCP Everyday or double-house, at least until the trial moves to a panel of appeals court judges, likely in the next week to ten days. This move by New York Supreme Court Appeals Court associate justice Richard Andrias is a … [Read more...]
Interim Martha Stewart Ruling Favors J.C. Penney
April 12, 2013 by
Beleaguered J.C. Penney got a piece of good news on Friday, when a judge ruled it could — at least temporarily — sell a plethora of Martha Stewart-designed housewares under the JCP Everyday label... Read More … [Read more...]
New Non-Martha Home Brands Go Live on Jcpenny.com
April 2, 2013 by
JCPenney's new home department is under construction in some 500 stores across the country, hidden behind white drapes awaiting an early May rollout. In the meantime, new brand collections by Jonathan Adler, Michael Graves and Sir Terrance Conran are now available for purchase on the retailer's website. Read More … [Read more...]
JC Penney Lacks Purpose, Says Management Professor
March 31, 2013 by
"The problem with J.C. Penney is that it serves no compelling customer purpose," says Roger Martin, Dean of the Rotman School of Management. The firm reported disastrous Q4 results recently, with comp-store sales down 32%, following a similarly stark double digit drop in Q3. The firm also may have delayed payments to vendors, to improve its cash position at the time of the release. It has been … [Read more...]
JC Penney Bets Big on Home Department
March 19, 2013 by
Troubled retailer JC Penney is banking on the home market to pull it through recent financial turbulence, according to a report from Women’s Wear Daily. By May, the company plans to have installed 15,000-square-foot furniture sections in over 200 stores; the department store will also be converting over 600 of their furniture departments to a “town square” or “shops-in-shop” layout, in … [Read more...]
Home Goods Heat Up in Warmer Climates
March 9, 2013 by
Same-store sales rose 2.2% in the fourth and final week of February following a 2.7% gain the prior week, according to The Johnson Redbook Retail Sales Index. For the month, February comps were up 2.6% compared to February of last year, missing Redbook's target for a 2.9% gain. Month-over-month showed a 1.3% gain, relative to a target of a 1.6% gain. Read More … [Read more...]
J.C. Penney Takes Macy’s To the Mat In High Stakes Martha Stewart Trial
March 6, 2013 by
J.C. Penney, already struggling with falling sales and big losses, just made a big bet on home goods. If it loses, the firm may face bare shelves in its revamped home goods section. New York State Supreme Court Judge Jeffrey Oing told Penney's attorneys on Monday that the chain took a risk by ordering towels, cookware and other products from the company that home diva Martha Stewart founded. In … [Read more...]
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