[newsticker]

Frederick’s of Hollywood Cancels Auction, May Sell to Authentic Brands

Posted on May 29, 2015 by

Frederick’s of Hollywood has ended the open call for bidders on its business—the Los Angeles-based lingerie retailer canceled an auction of the company Wednesday as no qualified bidders challenged the $22.5 million offer Authentic Brands Group put on the table in April. The move likely puts the company in Authentic Brands’ hands, according to the Wall Street Journal. Frederick’s filed for … [Read more...]

Coach Committed to Turnaround Plan Despite Sales Slump

Posted on May 29, 2015 by

“We feel really good about Plan A. There isn’t a war room with Plan B in it. We feel great about the direction we’re heading in,” Coach CEO Victor Luis said Thursday at Bernstein’s annual “Strategic Decisions” conference in New York. Shareholders, however, might disagree. Third-quarter results for the period ended March 28 were less than stellar: Profits fell 53.8% to $88.1 million; net revenue … [Read more...]

Can Fashion Be Fast and Sustainable?

Posted on May 29, 2015 by

In a world where demanding consumers want everything faster, the term fast fashion has taken on a less than desirable connotation: big conglomerates using unfair labor practices to sell inexpensive, poorly made product. Contrast that with independent makers who champion the idea of producing smaller batches of apparel from better materials, using fairly treated skilled laborers. While plenty of … [Read more...]

Victoria’s Secret: Putting Its Money Where Its Stores Are

Posted on May 28, 2015 by

Victoria’s Secret and PINK parent L Brands announced first-quarter sales and earnings results last week that met or topped expectations, but offered subdued guidance for the second quarter on expected tough comparisons to last year when it exited non-core businesses. In the Victoria’s Secret business, the company continues to invest in its bricks-and-mortar infrastructure, adding and expanding … [Read more...]

Teen Wars Continue, with American Eagle the Q1 Victor

Posted on May 28, 2015 by

U.S. malls have become a teen battlefield, and American Eagle Outfitters seems to be winning the war. Denim-based teen retailers reported mixed results for the first fiscal quarter of 2015, evidence that the struggle to gain share of the U.S. teen specialty apparel market is far from over. American Eagle (AEO) gained $64 million in sales during the quarter, while rival Aeropostale (ARO) … [Read more...]

Michael Kors Suffers First-Ever Drop in Comp Sales, Stock Plunges

Posted on May 28, 2015 by

Global aspirational luxury brand owner Michael Kors Holdings Ltd (KORS) announced financial results for its fourth quarter and fiscal year that were decimated by the strong dollar but still managed to beat Wall Street estimates on the top and bottom lines. However, a drop in comparable store sales, a first for the company since going public in 2011, sent investors into a panic, reigniting … [Read more...]

Columbia Sportswear Announces Supply Chain Promotions

Posted on May 28, 2015 by

Columbia Sportswear Company announced promotions for four senior leaders who will take new roles in sourcing and supply chain, brand merchandising and finance. Lisa Kulok, who has served as the vice president of global marketplace planning and customer operations since October 2009, will step up to occupy the role of senior vice president of global supply chain operations. She has been working … [Read more...]

Alibaba Now World’s Most Valuable Retail Brand

Posted on May 27, 2015 by

Today’s most valuable retail brands come sans physical stores, and e-commerce kings like China’s Alibaba are fueling fierce growth in the sector. Alibaba was ranked world’s most valuable retail brand at $66.4 billion in the 10th annual BrandZ Top 100 Most Valuable Global Brands published Wednesday by brand consultancy Millward Brown and WPP. The value of the retail sector as a whole grew 24 … [Read more...]

Bargain Hunters Beware: Most Sale Prices Are Not Discounts

Posted on May 27, 2015 by

When is a sale not a sale? When an item was never sold at full price to begin with. According to recent research from Checkbook.org, national chains are deceiving U.S. consumers by slapping stickers touting sale prices on products that have never been sold at anything other than a reduced price. In June 2014, the consumer organization started tracking prices on a weekly basis on between six … [Read more...]

Seth Godin to Retailers: Here’s How You Stay Relevant

Posted on May 27, 2015 by

In a market where products and services can't be distinguished, why wouldn’t consumers suss out the cheapest? Renowned author and public speaker Seth Godin posed the pointed question to an eager audience at the Americas Apparel Producers’ Network (AAPN) annual meeting in Miami earlier this month, in a talk designed to challenge companies to change, redefine and innovate. Godin opened with a … [Read more...]