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IBM forecast: Q1 sales poised to rise
Armonk, N.Y. -- An analysis released Thursday by IBM projected that retail sales are positioned for increases across a broad spectrum of categories.
According to the study, the surge will be led by a projected 8.2% rise in men’s apparel sales.
“The forecast of men’s apparel sales reflects a growing trend: men are definitely developing a taste for fashion – especially in business attire,” said Jill Puleri, global retail leader for IBM Global Business Services.
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Urban Outfitters names CEO for namesake brand
Philadelphia -- Urban Outfitters Inc. has appointed a former executive as CEO of its namesake brand. The company named Tedford Marlow as head of the Urban Outfitters Group, effective Feb. 6. Marlow he retired from the chain in 2010, after spending nine years as president of the Urban Outfitters brand.
The announcement came almost a month after Richard Hayne, the company's chairman and president, succeeded CEO Glen Senk, who resigned. Hayne co-founded the company in 1970.