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Apparel

  • J.C. Penney looking to raise some $800 million from offering

    Plano, Texas – Shares of J.C. Penney Company took a beating on Friday after the retailer priced its $932 million share sale at a 7.4% discount and detailed its shrinking cash position.  

    Penney priced its sale of 84 million shares at $9.65, down from a closing price of $10.42 on Thursday.

    The new offering should raise more than $800 million. According to Reuters, J.C. Penney, which is valued at $2.6 billion, had been considering issuing new stock shares as well as other unspecified alternatives.

  • J.C. Penney responds to critics

    New York -- J.C. Penney on Thursday shot back at reports that its sales were weak in the late August and early September back-to-school season and said it was pleased with the progress of its turnaround efforts.

    The company said it still expected positive comparable-store sales trends coming out of the third quarter and throughout the fourth, adding that its online sales continue to rise in double-digits over last year.

  • Holland & Holland debuts U.S. e-commerce site

    New York -- British lifestyle brand Holland & Holland is launching its U.S. e-commerce site today. This interactive e-commerce site will allow Holland & Holland clothing, fashion accessories, gifts and shooting accoutrement to be available for purchase for the first time nationwide.

  • JustFab secures $40 million in funding

    El Segundo, Calif. -- The fast-growing fashion subscription online retailer, JustFab, announced it has secured $40 million in Series C funding led by Hong Kong-based Shining Capital Management to further its expansion plans. The company recently opened its first store, at the Glendale Galleria, Glendale, Calif.

  • DSW opens new stores Oct. 3

    Columbus, Ohio – DSW Inc. will open new stores in Baltimore and in Lafayette, La. on Oct. 3.

    The Baltimore store will be located at 3501 Boston Street and the Lafayette store will be located at 609 Settlers Trace Blvd. Customers will be able to participate in the DSW Rewards loyalty program and also participate in the DSW Shoe Lover community on Facebook to receive exclusive offers and giveaways.

     

  • Report: Trader Joe’s to open store in Hingham, Mass., in October

    Monrovia, Calif. – Trader Joe’s will reportedly open a new store in the Hingham Shipyard complex in Hingham, Mass., on Oct. 4.

    According to the Hingham Journal, Trader Joe’s signed a lease with Samuels & Associates in winter 2012 to open a 12,000-sq.-ft. store in the Launch portion of the Shipyard complex.

  • Report: New Balance HQ to include retail space

    Boston – A new headquarters complex athletic shoe manufacturer New Balance is constructing in the Brighton section of Boston will reportedly include 65,000 sq. ft. of retail space.

    According to the Boston Business Journal, ground has been broken on the $500 million, 1.45 million-sq.-ft. site. In addition to New Balance corporate headquarters and retail space, the site will also include an athletic complex, NHL-regulation hockey arena, a hotel, office space, 1,750 parking spaces and its own commuter rail stop.

  • J.C. Penney seeks up to $1 billion in equity

    Plano, Texas – J.C. Penney Company Inc. reportedly seeks to raise $750 million to $1 billion in cash equity. According to Reuters, J.C. Penney, which is valued at $2.6 billion, is considering issuing new stock shares as well as other unspecified alternatives.

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