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American Apparel buys New York specialty retailer, Oak
New York -- American Apparel has purchased the independent New York specialty retailer and wholesaler, Oak, according to Women’s Wear Daily.
Oak has two stores (one in Brooklyn, and the other in Manhattan) an e-commerce site and a wholesale business. The brand has a cool, hip vibe, and features contemporary fashions at upmarket prices. It will operate as a separate division within American Apparel, and its founders will remain on board, the report said. -
H&M makes U.S. e-commerce debut
NEW YORK — H&M has made a lot of its U.S. customers happy with the launch of its Shop Online store, namely those who prefer the convenience of online shopping over having to go to the retailer’s brick-and-mortar stores.
The retailer also stands to reach new potential customers who don’t have a store anywhere near them, but are familiar with the brand.