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  • CBRE brokers sale of Bryan Towne Center

    Dallas -- CBRE’s National Retail Investment Group arranged the sale of Bryan Towne Center to Lamar Cos. for an undisclosed amount. The 52,268-sq.-ft. retail center serves the Bryan-College Station metropolitan area in Texas.

    Shadow-anchored by an adjacent Target store, the five-year-old center includes six acres of undeveloped land that can accommodate an additional 230,225-sq.-ft. of retail space, said CBRE.

    The center is 66% occupied. Key tenants include Dollar Tree, Rack Room Shoes, Maurice’s and rue21.

  • Kate Spade partners with eBay on four interactive storefront pop-ups

    New York -- Kate Spade Saturday, a new division of Kate Spade, has partnered with eBay Inc. to open four pop-up storefronts with shoppable windows across downtown Manhattan.

    The format will consist of a large interactive screen, open for business 24 hours a day. Shoppers can browse and select from among some 30 products and checkout via the screen, with the product delivered in approximately one hour, or scheduled within the week. The pop-ups will be open from  June 8 through July 7.

  • Vera Bradley refines pricing, marketing with online insight

    New York -- Specialty retailer Vera Bradley has helped boost the revenue and margins generated by its recently launched line of baby accessories by obtaining advance insight from consumers about what they would pay for certain products and also what features most interested them.

  • Cabela’s to enter New York and Massachusetts

    Sidney, Neb. -- Cabela’s Inc. continues to expand East with plans to open its stores in the states of New York and Massachusetts.

    The hunting, fishing, camping and related outdoor merchandise retailer will open an 88,000-sq.-ft. store in the Buffalo suburb of Cheektowaga, N.Y., in fall 2014, and a similarly sized one in the Boston suburb of Berlin, in spring 2015. The exteriors of both locations will reflect Cabela’s signature log construction, stonework, wood siding, metal roofing and a large glass storefront.

  • Jos. Bank’s Q1 profit down 45%

    Hampstead, Md. -- JoS. A. Bank Clothiers’ net income for the first quarter of fiscal year 2013 fell 45% to $8.1 million, down from $14.8 million for the first quarter of fiscal year 2012.

    Total sales for the first quarter decreased 2.6% to $196.1 million from $201.4 million in year-ago period.

  • Gymboree Corporation’s Q1 net sales dip

    SAN FRANCISCO — The Gymboree Corporation is looking to leverage the rebounding economy and trends for the rest of 2013, following a dip in its net sales for the first quarter ended May 4. 

    The company reported net sales of $293 million for the quarter, a 1.7% decrease from $298 million for the first quarter ended April 28, 2012. Comparable sales for the quarter decreased 5% versus the first quarter of the year prior.

  • Cold weather chills Jos. Bank’s Q1 results

    HAMPSTEAD, Md. — JoS. A. Bank Clothiers’ reported net income for the first quarter of fiscal year 2013 of $8.1 million, a 45% fall from $14.8 million for the first quarter of fiscal year 2012.

    Total sales for the first quarter decreased 2.6% to $196.1 million from $201.4 million in year-ago period.

  • Webinar: Charlotte Russe uses mobile analytics to drive profitability

    New York -- Debra Jensen, CIO of Charlotte Russe, will share how this 500-store fashion retailer leverages real-time POS data to make decisions that drive profitable growth in a Chain Store Age Webinar on June 6, at 2 p.m. ET (11 a.m. PT).

    Hear how SAP HANA-based analytics is providing Charlotte Russe with up-to-the-moment, early indicators of sales velocity, margin and inventory position as well as other key metrics. To register, click here.

     

  • Patriot Outfitters aligns channel strategy & tactics with NetSuite

    Topeka, Kan. -- Popular industry wisdom holds that channel alignment is mainly for the benefit of the consumer, who desires a seamless retail experience and does not want have to start from scratch every time they engage with a retailer via a new channel. While this holds true, channel alignment is also a crucial strategic and tactical necessity for back-end operations.

  • Neiman Marcus has strong third quarter

    Dallas – Neiman Marcus had a strong third quarter fiscal 2013, reporting a substantial increase in net earnings as well as growth total revenues and same store sales.

    Net earnings grew 13% compared to third quarter of last year, from $62.6 million to $70.8 million from $62.6 million.

    Total revenues increased 4%, from $1.06 billion to $1.1 billion.

    Same store sales grew 3.6%.

     

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