[newsticker]

Sears’ REIT Goes Public

Posted on July 6, 2015 by

Seritage Growth Properties, Sears Holdings Corp.’s real-estate investment trust (REIT), raised about $1.6 billion on Monday after it debuted on the New York Stock Exchange (NYSE) at $36.02 per share. Since opening under the symbol “SRG,” the stock climbed as much as 3.6 percent in early afternoon trading to reach $37.30. After announcing its fourth straight year of falling profit and … [Read more...]

Sycamore Partners Rumored to Buy Belk for $3B

Posted on July 6, 2015 by

Private-equity firm Sycamore Partners is reportedly preparing an offer to acquire family-owned department store chain Belk for up to $3.5 billion, including debt. Reuters broke news of the potential deal on Thursday. The Charlotte, North Carolina-based retailer revealed in April that it had hired investment bank Goldman Sachs to weigh its options and explore a possible sale, sending its … [Read more...]

Macy’s Cuts Ties with Trump

Posted on July 2, 2015 by

Department store chain, Macy’s, which carried a Donald Trump menswear line, announced Wednesday it is cutting ties with Trump, following his negative remarks about Mexican immigrants. Trump’s presidential campaign speech contained a comment saying some Mexican immigrants coming to the U.S. bring drugs and crime, and some are rapists. He said in a statement that he had decided to end his … [Read more...]

Walmart Accused of Mislabeling Products as US-Made

Posted on July 2, 2015 by

Patriotic-minded shoppers seeking American-made merchandise for their Fourth of July celebrations are scrutinizing labels after watchdog group Truth in Advertising accused Walmart of mislabeling foreign products as made in the U.S.A. According to a letter sent last week to the retailer’s president and CEO, Doug McMillon, “Walmart’s website is mired in U.S.A. labeling errors.” The note … [Read more...]

Importance of Truly Connecting with “Need to Know” Millennials

Posted on July 2, 2015 by

The millennial generation's thirst for knowledge apparently knows no bounds. Take, for instance, the story comedian Aziz Ansari told Jimmy Fallon recently on The Tonight Show comparing his life to his parents—their arranged marriage in particular. He related how his father met and talked to his mother for just 30 minutes before proposing marriage. "I thought, 'Wow, that's so crazy. That's the … [Read more...]

Report: Off-Price to Outperform Overall Apparel Sector for the Next 5 Years

Posted on July 1, 2015 by

Off-price apparel has continued its upward trend as value-conscious consumers keep scouting deals, and the sector’s swift growth is expected to carry on for the next five years. And it will carry on to the tune of 6 to 8 percent growth in that time, compared to the 4 percent growth Moody’s Investors Service expects for the wider apparel and home industries. "The off-price segment will … [Read more...]

Donna Karan Steps Down After 31 Years

Posted on July 1, 2015 by

Donna Karan, founder and chief designer of Donna Karan International announced that she is stepping down from her role after 31 years leading the company. The 66-year-old icon will remain an advisor to the global business but will spend more time working on her Urban Zen line, which she created to raise awareness about health care after her husband, Stephan Weiss, died of lung cancer in … [Read more...]

The Track & Field Store’s Winning Formula: Fashion + Technology

Posted on July 1, 2015 by

In an effort to appeal to a growing market of fashion-conscious Brazilian fitness enthusiasts, avid runners Fred Wagner and Alberto Azevedo and triathlete Ricardo Rosset started Brazilian fitness and lifestyle apparel brand The Track & Field Store. The three launched the line 27 years ago after some time “warming up” in the business selling sportswear. “We were passionate about sports,” … [Read more...]

BCG: Omnichannel is Key to Retail Success in China

Posted on June 30, 2015 by

Walmart, the world’s biggest retailer, expects to open 115 new stores in China by 2017—and it’s not the only Western company taking aim at the emerging Chinese middle- to upper-class consumer. British fast-fashion retailer New Look is ramping up its current store count from 30 to 110 this year, while electronics giant Apple plans to open 25 new stores in the next two years. And it’s no wonder: … [Read more...]

Walmart Pilots Product Content System for a More Connected Supply Chain

Posted on June 30, 2015 by

Walmart is working to create a more connected supply chain with a product content system designed to provide descriptive data about its products to suppliers and offer comprehensive product information to consumers. With consumers constantly connected and using online mediums for answers to pressing product questions and to determine whether to purchase something, Walmart sought to simplify … [Read more...]