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Apparel

  • Levin Management names Body Central exec as VP of leasing

    North Plainfield, N.J. — David Reiner has joined retail real estate services firm Levin Management as VP of leasing. Most recently, Reiner served as director of real estate for Body Central Stores Inc.

    During the past 25 years, he has also has held executive- and management-level retail leasing positions with property owners such as Urban Retail Properties, Colonial Properties Trust, and Simon Property Group.
     

  • Chico’s expands e-commerce with Borderfree

    New York — Chico’s FAS Inc. has partnered with Borderfree to expand its e-commerce capabilities globally. Through this partnership, Chico’s FAS will now be able to transact with shoppers in more than 100 countries and territories worldwide in more than 60 global currencies.

  • Jos. A. Bank acquisition hits Men’s Wearhouse Q2 profit

    Fremont, Calif. – Non-deductible costs related to the purchase of Jos. A. Bank helped sharply reduce net earnings at The Men’s Wearhouse during the second quarter of fiscal 2014. The Men’s Wearhouse reported net earnings of $12.3 million, down 71% from $42.9 million the same period a year earlier, although the total still beat Wall Street projections.

  • Winick Realty Group leases first N.J. locations for 18/8 Fine Men’s Salons

    NEW YORK — 18 | 8 Fine Men's Salons has leased its first New Jersey locations in Somerset and Essex Counties. Winick Realty Group New Jersey broker Alison Cohen, the exclusive broker for 18|8 Fine Men's Salons in New Jersey, represented the salon in both transactions.

  • Men’s Wearhouse Q2 profit hit by Jos. A. Bank acquisition

    Non-deductible costs related to the purchase of Jos. A. Bank helped sharply reduce net earnings at The Men’s Wearhouse during the second quarter of fiscal 2014.

    The Men’s Wearhouse reported net earnings of $12.3 million, down 71% from $42.9 million the same period a year earlier, although the total still beat Wall Street projections.

  • Mid-America Real Estate-Michigan arranges new leases

    Bloomfield, Mich. — Adam Goodman, VP of Mid-America Real-Estate-Michigan, announced the following leases:

    Eastpointe & Detroit, Michigan. – Gabe Schuchman and Adam Goodman of Mid-America Real Estate-Michigan signed four leases on behalf of the landlord, Curis Enterprises.  Three leases were signed at 9 Mile Road and Gratiot Avenue in Eastbrooke Commons Shopping Center in Eastpointe, Michigan.

  • Lands’ End Q2 net income up 5%

    Dodgeville, Wis. — Net income at Lands’ End Inc. grew 5% to $11.8 million in the second quarter of fiscal 2014 from $11.3 million in the same period a year earlier. Net sales also increased 5%, to $347.2 million from $329.6 million.

    Same-store sales improved 2.8%. Lands’ End attributed its positive performance to improved merchandise assortment, modern creative presentation, better inventory management and continued expense controls.

  • Wet Seal Q2 posts wider-than-expected loss; sales miss

    Foothill Ranch, Calif. – Teen retailer The Wet Seal reported a new loss of $22 million for its second quarter, up from $1 million to $22 million in the year-ago period. Lower merchandise margins, higher occupancy costs, costs related to exiting its Arden B business, and non-cash asset impairment charges all helped increase Wet Seal’s net loss.

    Net sales decreased 11.6% to $121.2 million, from $137.2 million. One bright spot was e-commerce, where sales rose 25%.

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