Apparel

The retail industry couldn’t function if it weren’t for the efforts of store managers at the front lines of running the day-to-day business, executing corporate strategies, managing people and serving customers.

New York -- The Millennial generation is expected to outspend Baby Boomers by 2017, yet retailers underestimate the size and purchasing power of this consumer, according to a new study by Berglass + Associates and Women’s Wear Daily.

The study, “What Happens When Millennials Get the Wallet,” found that retailers do not fully understand the needs of Millennials and are employing business strategies and tactics that do not apply to this customer.
 

Louisville, Ky. — The Mansour Group has announced the sale of Pet Smart and TJ Maxx, a 49,410-sq.-ft. retail box on an outparcel located in a 218,000-sq.-ft. shopping center owned by Weingarten. The seller was a national real estate advisory group and the buyer was a private investor.

 The offering is part of a large portfolio of similar former Service Merchandise assets — all exclusively listed by The Mansour Group.

Despite the challenging economic landscape and a decrease in firearms sales, Cabela’s comparable store sales for the third quarter ended Sept. 28 increased 3.9% — the company’s eighth consecutive quarter of comp store sales increases. Excluding firearms, comparable store sales increased 5.3%.

Carter’s, parent company of Carter's and OshKosh B'gosh, reported record sales in the third quarter, driven primarily by growth in the company’s Carter's brand and international businesses.

“Our growth reflects the strength of our brands and multi-channel business model,” said chairman and CEO Michael D. Casey. “We believe we are well-positioned with strong product offerings and compelling promotions heading into the holiday season and expect to achieve our growth objectives this year."

Dodgeville, Wis. -- Lands' End in November will open its first standalone store in a shopping mall. The store will be located in the western Chicago suburbs, in the Yorktown Center Mall, Lombard, Ill.
 
The store officially opens to the public on Nov. 15, marking the first ever full-price Lands' End store outside of Madison, Wis. The company opens the doors on the new location in its milestone 50th anniversary year.
 

Seattle -- Nordstrom announced two new locations for Nordstrom Rack, one in Columbus, Ohio, and one in Tulsa, Oak.

Nordstrom Rack will open at Sun Center in Columbus, Ohio. The approximately 37,890-sq.-ft. store is scheduled to open in spring 2014.

Nordstrom currently operates a full-line store in Columbus at Easton Town Center. The company opened the first Nordstrom Rack in the area at Easton Market on September 12, 2013.

Toronto -- Shoppers Drug Mart is teaming up with Beyond the Rack, the online shopping club, to provide Shoppers Optimum members with exclusive deals on designer fashions and accessories.

Shoppers Optimum members are invited to join a new subscription-based retail website that offers exclusive savings and rewards on designer fashions and accessories. Those who register can receive special weekly product offers from Beyond the Rack while collecting 10 Optimum points on every dollar spent.

Houston – After rejecting a $2.3 billion buyout offer from Jos. A. Bank, Men’s Wearhouse reportedly is considering purchasing men’s shoemaker Allen Edmonds Corp., according to reports by the New York Times, Wall Street Journal and others. The high-end footwear is owned by private equity firm Goldner Hawn Johnson & Morrison, which bought it seven years ago.

It wasn’t clear how — or if — a deal for Allen Edmonds would impact on Jos. A. Bank’s offer.

True Religion Apparel has appointed Rosella Giuliani as SVP of merchandising. In her new role, Giuliani will partner with CMO Lynne Koplin and creative director Gary Harvey to shape True Religion’s merchandising across the company’s platforms.

Giuliani will report to Koplin. Steve Horak will join the company as SVP of planning and allocation with responsibility for the brand’s product distribution, effective Nov. 4. He will report to CFO and COO Eric Bauer.