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Apparel

  • Holiday sales soft for some parts of Ascena

    SUFFERN, N.Y. — Ascena Retail Group reported a lower than expected 2% decline in same store sales at physical stores for the November and December holiday period, but managed a 30% increase in online sales.

    Combined comparable store and e-commerce sales for the holiday period ended December 29, 2012 increased 1%, prompting Ascena to lower earnings per share guidance for its current fiscal year ending July 27.

  • Urban Outfitters reports holiday sales

    Philadelphia -- Urban Outfitters Inc.  said Thursday its same-stores sales for the holiday season rose 9%, including its direct-to-consumer business. Excluding that unit, same-store sales fell 1%.

    Total company net sales for November and December increased 15% to $666 million.

    Among Urban Outfitters’ brands, comparable sales increased 33% at Free People, 10% at Urban Outfitters and 5% at Anthropologie. Direct-to-consumer net sales increased by 38% for the period and wholesale segment net sales increased 21%.

  • Aéropostale posts lower-than-expected holiday sales, cuts outlook

    New York -- Aeropostale Inc. reported Thursday that sales for the nine-week holiday selling period ended Dec. 29 fell 6% to $645 million. Same-store sales, including e-commerce, dropped 8%.

    The retailer has cut its earnings guidance for the fourth quarter.

     

  • Report: 2012 sees improved leasing for retail real estate

    North Plainfield, N.J. -- A Thursday report by Levin Management Corp. found that leasing activity in New Jersey, New York and Pennsylvania improved in 2012.

  • CBL acquires interest in Kirkwood Mall

    Bismarck, N.D. -- Chattanooga, Tenn.-based CBL & Associates Properties announced Thursday that it plans to acquire Kirkwood Mall, located in Bismarck, N.D., from Radiant Partners.

  • Jo-Ann Fabric and Crafts to open at Conyers Plaza

    Conyers, Ga. -- Brixmor Property Group announced a 24,920-sq.-ft. lease was executed with Jo-Ann Fabric and Crafts at Conyers Plaza, located in Conyers, Ga.

    Brixmor, based in New York City, is the owner of Conyers Plaza.

     

  • Gymboree hires second Gap executive

    San Francisco -- Gymboree Corp. has hired a second senior-level Gap Inc. executive, naming Gap North America finance VP Evan Price as its new CFO.

    Price, who also served as VP of Old Navy, will take over Gymboree’s top finance slot on Jan. 21, joining new CEO Mark Breitbard, former Gap North American division president.

     

  • Uniqlo parent records 17% leap in Q1 profit

    New York -- Fast Retailing Co., parent to the Uniqlo chain, reported Thursday that net income for the fiscal first quarter jumped 17% to $644.3 million, boosted by strong same-store sales at Japan Uniqlo units.

    On Wednesday, the company announced that Uniqlo will continue its U.S. expansion strategy by opening two new mall locations in New York.

    The company has raised its annual profit forecast.

     

  • Destination Maternity opens first Canada location

    Philadelphia -- Destination Maternity Corp. said it is opening its first Destination Maternity store in Canada on Thursday in Calgary, Alberta, at the Kingsland Village retail development.

    The store will debut its A Pea in the Pod brand in Canada.

  • Modell’s restructures merchandising division

    New York -- Modell’s Sporting Goods said Wednesday it has named Charles Castaneda chief merchandising officer for the chain, a promotion from his current position of EVP planning and allocations.

    The company has also moved Jay O’Brien from general merchandising manager of footwear to general merchandising manager of sporting goods, to succeed the recently departed Bill Hackett.  

    Jeff Schaffer has been promoted to general merchandising manager of footwear.

     

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