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A.T. Kearney: China top market for expansion by apparel retailers
China -- China once again topped the A.T. Kearney’s 2013 Retail Apparel Index, which measures the market readiness of developing economies for international apparel retailers to enter. Other compelling expansion opportunities are offered by a number of countries from Latin America and the Middle East.
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Jos. A. Bank looking for acquisitions
New York -- Men’s apparel and accessories chain Jos. A. Bank Clothiers has confirmed that it is on the hunt for acquisitions to drive growth. The company has retained Financo LLC to assist it in its search.
“As part of its evaluation of strategic opportunities, the company has been and will continue to selectively seek potential acquisitions that are strategically sound and accretive in the long run,” Jos. A. Bank said in a statement. “No timetable has been set for any acquisition.”