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Apparel

  • HSN Q1 net income drops

    St. Petersburg, Fla. - Net income declined at HSN Inc. during the first quarter of fiscal 2014 even as sales slightly improved compared to the same period a year earlier. Net income dropped 23% to $24.18 million from $31.54 million.

    Net sales climbed 1% to $772.42 million from $772.65 million. A slight decline in average price point, as well as a higher tax rate and increased cost of sales, helped push HSN’s net income down. Mindy Grossman, CEO of HSN, also cited severe weather as a negative financial factor in the quarter.

  • Lands’ Ends taps former Office Depot exec as chief marketing officer

    Dodgeville, Wis. -- Lands' End announced it has named Steven Rado as senior VP, chief marketing officer. Rado will lead all aspects of marketing for the brand, including the oversight of strategic development, direction, and implementation of all marketing activities.

    Most recently, Rado was senior VP of marketing and customer strategy for Office Depot, and prior to that he was VP of marketing for Victoria's Secret Direct.

  • Blue Nile has fine Q1

    Seattle – Blue Nile Inc. reported increases in net income and sales during the first quarter of 2014, compared to the same period in the prior year. Net income rose 30% to $1.07 billion, from $832 million.

    Net sales increased 6.8% to $103.7 million, compared to $97.1 million. Looking ahead, Blue Nile expects net sales between $108 and $113 million during the second quarter of fiscal 2014 and net sales between $485 and $510 million for fiscal 2014.

  • Abercrombie & Fitch nominates four directors; settles with Engaged

    New Albany, Ohio -- Abercrombie & Fitch Co. will nominate for election to its board of directors four new independent director candidates: Bonnie R. Brooks, Sarah M. Gallagher, Diane L. Neal and Stephanie M. Shern. The board retained a third-party search firm to assist in the search process for new independent directors with relevant experience.

  • Aeropostale to close 125 mall-based P.S. stores; cut 100 jobs

    New York -- Aeropostale Inc. will close approximately 125 of its mall-based P.S. from Aeropostale kids’ stores by the end of its fiscal year and cut about 100 corporate jobs as part of a larger turnaround effort.

  • Casto to lease retail space at The View on Fifth

    Columbus, Ohio — State Street Capital Realty, an independent brokerage of Casto, has announced its recent listing for the retail portion of The View on Fifth in the Grandview area of Columbus, Ohio.

    Under development by JSDI Celmark, Ltd., The View on Fifth is a mixed-use six-story project that will include 25,000 sq. ft. of retail shops and restaurants, a freestanding six-story parking garage and 285 luxury apartment residences — with one-to-four bedrooms.

  • Three new tenants for Legends Outlets Kansas City

    Kansas City, Kansas — Legends Outlets Kansas City — in Kansas City, Kansas — has announced the addition of three new tenants: Woody’s Automotive, Nail Envy and Bath & Body Works. Each plans to open in this spring.

    Woody’s Automotive, a used car concept, will open on May 8 in a 507-sq.-ft. space next to Panera Bread.

    Nail Envy, plans to open May 14 in the adjoining shopping center across from Yard House. The salon and spa will occupy a 3,000-sq.-ft. space next to Payless ShoeSource.

  • The New Normal?

    New retail space in 2013 was once again heavy on redevelopment, expansion and outlet centers

    Year five and, once again, too few square feet in ground-up shopping center construction to rank the “Fastest-Growing Developers” as has been the Chain Store Age tradition for the 20 years prior.

    Today, developers seem fated to redevelop and expand existing centers, develop 300,000-sq.-ft. to 600,000-sq.-ft. outlet centers and perhaps add an occasional grocery-anchored infill center.

  • Supply Chain Responsibility

    Devastating sourcing and supply chain disasters, including the Bangladesh factory collapse in April 2013, have increased the push for retailers and other businesses to implement sustainable and responsible practices across the global supply chain. Tamara Saucier, VP industry – retail solutions, GT Nexus, discussed the topic, and proactive measures retailers can take, with Chain Store Age.

    What can retailers be doing to ensure ethical and sustainable supply chain practices?

  • Growing Pains

    Groupe Dynamite eases global expansion with new tech platform

    Having the potential for growth that exceeds the capability of your existing systems is a good problem to have, but it is still a problem. Groupe Dynamite, a fast-fashion women’s apparel retailer based in Montreal, faced that very challenge in early 2010.

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