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  • Gap widens its reach, acquires new brand

    SAN FRANCISCO — Gap has added one more brand to its existing portfolio, purchasing Intermix Holdco for approximately $130 million in cash.

    Intermix is a New York-based multi-brand specialty retailer of luxury and contemporary women’s apparel and accessories. It operates 32 boutiques across North America, along with an e-commerce site, offering a mix of luxury brands, including up-and-coming designers. Gap intends to expand Intermix’s network of stores, as well as add significant visibility and enhancements to its online site.

  • 12 Days of Giving gives $1.5 million

    Walmart on Friday wrapped up its 12 Days of Giving campaign with a $70,000 donation of warm clothing to 14 non-profits groups.

    One of the organizations selected to receive a donation, the Assistance League of Yuma, serves its community by using proceeds from their thrift store to provide clothing, shoes, hats and more to children in need. Operation School Bell allows the organization to bring groups of students from rural schools twice a year to get clothing.

  • J.C. Penney hires former Abercrombie VP as director of visual merchandising

    New York -- J.C. Penney Co. has hired Brandon Tonniges, a former Abercrombie & Fitch Co. executive, as director of visual merchandising, Bloomberg reported.

    Tonniges was a VP in Abercrombie’s “brand senses” division, described on the chain’s website as the “creative force” behind its store experience, according to the report.

    Tonniges will report to a VP under Michael Fisher, who was named SVP visual presentation in March.

     

  • Former Best Buy exec joins Eddie Bauer

    BELLEVUE, Wash. — Outdoor lifestyle brand Eddie Bauer has named former Best Buy executive Steve Venegas as its new VP of distribution North America.

    Venegas is a seasoned outdoor industry executive, most recently holding the position of VP of distribution for VF Outdoor, Inc., which includes brands such as the North Face, Reef, Lucy, Eagle Creek and JanSport.

  • Drawstring dilemma costs Bon-Ton $450,000

    WASHINGTON — An issue related to drawstrings has resulted in Bon-Ton agreeing to pay a civil penalty in the amount of $450,000.

    The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.

  • Bon-Ton Stores to pay $450,000 in civil penalty related to error with drawstrings

    New York -- An issue related to drawstrings has resulted in Bon-Ton Stores agreeing to pay a civil penalty in the amount of $450,000.

    The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.

  • Britain’s Crew Clothing selects Lyris to power digital marketing campaigns

    Emeryville, Calif. -- Lyris announced that Crew Clothing, Britain’s leading retailer for casual outdoor clothing, has selected Lyris to power data-driven engagement across every customer interaction. Using Lyris ONE, Crew Clothing expects to improve synergies across channels, enhance targeting using Lyris integrated marketing analytics and experience immediate revenue improvements by increasing email open rates by 10% and email conversions by at least 25%, the provider said.

  • Green sells stake in Topshop to Leonard Green for $805 million

    New York -- British billionaire Sir Philip Green, the owner of the Arcadia retail group, sold a 25% stake in his fast-fashion Topshop and Topman retail chains to Los Angeles-based Leonard Green & Partners for about $805 million. Arcadia’s other retail divisions include Miss Selfridges, Bhs, and Dorothy Parker.

  • Gymboree profit, comps dip in Q3

    San Francisco -- The Gymboree Corp. reported Wednesday that net income for the quarter ended Oct. 27 fell 22.6% to $46.9 million from $60.6 million in the year-ago period.

    Sales edged up 2.8% to $311.5 million, but same-store sales dipped 4% in the quarter.

    During fiscal 2012, the company said it maintains its plans to open approximately 124 new stores, including 98 Crazy 8 stores.

     

  • JoS. A. Bank opens 600th store; plans to grow to 800 stores

    Hampstead, Md. -- JoS. A. Bank Clothiers announced the opening of its 600th store, in the Shops at Midtown Miami on North Miami Avenue in Miami. The company said it expects to open another 200 stores in the future as part of its long-term plan to grow the chain to approximately 800 stores, including 700 full-line stores and 100 factory stores in the United States.

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