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Apparel

  • Retail IPO Activity to Slow, but 2013 to Remain a Strong Year Overall

    By Ted Vaughan, [email protected]

    The year 2012 was the best year for retail IPOs since 2002 — S&P Capital IQ reported seven offerings for the year — and when we released our 2013 IPO Outlook Study earlier this year, 30% of capital markets executives expected initial public offerings (IPOs) in the retail and consumer products space to continue to grow in 2013. Now that we’re well into the second half of the year, how have those expectations fared?

  • Stein Mart reports increases in total, same-store sales during Q2

    Jacksonville, Fla. – Stein Mart reported year-over-year increases in total and same-store sales during the second quarter of fiscal 2013. Total sales grew 3.8% to $74.6 million from $70.5 million, while same-store sales increased 6.4%, compared to same-store sales growth of only 1.6% during the second quarter of the previous year.

  • Law firm investigates Saks buyout

    New York – Law firm Morgan & Morgan is investigating potential legal claims against the board of directors of Saks Inc. relating to the proposed acquisition of Saks by Hudson's Bay Company. Morgan & Morgan's investigation concerns whether Saks' board of directors breached its fiduciary duties to act in the best interests of Saks' shareholders and to take all necessary steps to ensure that Saks' shareholders receive the maximum value readily available for their shares of Saks common stock.

  • La Perla Opens Boutique in Honolulu

    New York — La Perla has opened a new boutique in Honolulu at the Ala Moana Center. The official opening ceremony took place Friday morning.

    Founded in 1954, La Perla is an Italian-based brand marketing intimate apparel, swimwear and ready-to-wear.

     

  • Former Brooks Bros. exec named chief of The Limited

    Columbus, Ohio -- The Limited said Wednesday it has appointed former Brooks Bros. president and COO Diane Ellis as its new CEO, effective Aug. 26.
     
    In her role at Brooks Bros., Ellis oversaw information technology, human resources, retail and outlet stores, planning and allocation, product development, sourcing, supply chain, e-commerce and finance.

  • Ralph Lauren looks to fall following better-than-expected Q1

    NEW YORK — Ralph Lauren Corporation weathered an uneven global operating environment with resilience, resulting in better-than-expected first quarter retail sales for fiscal 2014, which increased 3% to $879 million from $857 million in the first quarter last year. 

  • Former Brooks Brothers exec to head The Limited

    COLUMBUS, Ohio — The Limited has appointed former Brooks Brothers executive Diane Ellis as the company’s CEO, effective August 26.

    Ellis was president and chief operating officer of Brooks Brothers for six years. She oversaw information technology, human resources, retail and outlet stores, planning and allocation, product development, sourcing, supply chain, e-commerce and finance.

  • New Street Realty transactions

    New York  — New Street Realty Advisors has announced two recent transactions:

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