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  • Gold’s Gym expands in Southern California

    Montclair, Calif. — Gold’s Gym has announced the opening of a location in the newly remodeled Montclair Plaza in Montclair, Calif. The new location will join 11 existing Gold’s Gym Southern California franchise locations. Slated to open April 1, 2014, the 40,000-sq.-ft. facility will feature GGX group exercise offerings, cardio equipment with iPod docking stations, a steam room, Cardio Cinema, towel service, an indoor pool, Jacuzzi and more.

    Other recent arrivals at Montclair Plaza include Mina Shoes, Fly and Xtreme.

     

  • ShopperTrak: ‘Black Weekend’ sales look good

     Chicago -- When compared to “Black Weekend” last year, brick-and-mortar retail sales between Thanksgiving and Sunday, Dec. 1 increased 1% as shoppers spent an estimated total of $22.2 billion across the four days. However, retail shopper traffic decreased by 4%, to an estimated 1.8 billion store visits, according to new data from ShopperTrak.

  • Ascena Retail Group reports Q1 increase

    Suffern, N.Y. – Ascena Retail Group, parent company of Lane Bryant and Justice, reported net income of $52.6 million in the first quarter of fiscal 2014, a 22% increase from $43.1 million a year earlier.

    Net sales totaled roughly $1.2 billion, a 5% increase from about $1.14 billion.

  • Shoe Carnival has disappointing Q3

    Evansville, Ind. – Shoe Carnival had a generally disappointing third quarter fiscal 2013, with net income falling 11% to $10.9 million from $12.2 million. Net sales also declined 3.5%, from $244.4 million to $235.8 million.

    Shoe Carnival attributed part of the year-over-year decline to a shift from a 53-week to a 52-week fiscal year, which resulted in one fewer week of back-to-school shopping activity in the third quarter and about $21.2 million less in sales.

  • Study: Millennial, Boomer shoppers have similarities

    New York -- There are significant similarities between Millennial and Boomer shoppers. A study of Millennial and Boomer purchasing trends conducted by Radius Global Market Research shows that while there are certainly differences, there are also significant similarities between the groups.

  • Engaged Capital suggests new direction for Abercrombie

    Newport Beach, Calif. -- Engaged Capital, an investment firm specializing in small and mid-cap North American equities and beneficial owner of approximately 400,000 shares of the common stock of Abercrombie & Fitch Co. sent a letter to the company’s board of directors on Dec. 3. In its letter, Engaged Capital highlighted the upcoming expiration of Abercrombie chairman and CEO Michael Jeffries’ employment contract on February 1, 2014 as an opportunity for the board to set a new direction for the company.

  • NYC prepares to get Wired

    Wired, a Conde Nast brand, is getting ready to open a popup store for the ninth consecutive year in New York City, featuring electronics, rare objects d' art, apparel and accessories, musical instruments, kitchen gadgets and adventure gear.

    Located in the heart of the Meatpacking District, at 353 West 14th St., the store will be open from noon-8 p.m., Tuesdays through Sundays, from Dec. 4 through Dec. 22. This year’s popup store is sponsored by Citi, the 2014 Corvette Stingray and Delta Air Lines.

  • E-commerce drives comp growth at Ascena

    Ascena Retail Group, parent company of Lane Bryant, Dressbarn and Justice, may have just reported same store sales growth across all its formats and achieved Thanksgiving weekend sales objectives, but president and CEO David Jaffe remains cautious in his outlook for the remainder of the holiday season.

    As so many other retailers have noted in recent weeks, Jaffe said this year’s highly competitive, promotional and compressed holiday season makes it difficult to know how the next few weeks will play out, despite the company’s recent performance.

  • Big Lots appoints three general merchandise managers

    Columbus, Ohio -- Big Lots announced the appointment of three general merchandise managers as part of realigning the merchandising organization into customer-centric categories of food and consumables, furniture and home decor, and seasonal, toys and electronics.

    Trey Johnson was promoted to senior VP, general merchandise manager for food and consumables.

  • Investing in Extreme Makeovers

    Trademark has invested in two distressed properties, with plans to transform both into top performers

    The slow recovery is leading many developers to examine growth alternatives to new development. Consider, for example, Fort Worth, Texas-based Trademark Property Co.’s idea: invest in distressed properties with excellent real estate and redevelop into new and ambitious concepts. Examples include The Shops at Napa Center in Napa, Calif., and Victory Park in Dallas.

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