Apparel

Ralph Lauren starts its new fiscal year in much the same way as it ended the last one: with sales lines splashed with red ink to indicate the severe declines across most divisions of the company. Some of this would be excusable if the iconic brand were at the start of a journey of reinvention, but this comes after multiple attempts to get the firm back on track - most of which have proved to be fruitless.  

Abercrombie & Fitch Co. has brought its updated store environment to Tysons Corner Center, Tysons, Va.   The location is one of seven new concept stores the retailer will open by yearend. Abercrombie debuted the new look in February, at Polaris Fashion Mall in Columbus, Ohio. It has also opened at Lenox Square, Atlanta, Georgia, and at Somerset North, Troy, Michigan (Somerset North).  

Ralph Lauren Corp. posted better-than-expected results for its first quarter as it kept tight control on its inventory and promotions. But despite the company's efforts at reinvention, sales dropped 13.2%.   

Based on the momentum of early back to school shoppers, Amazon is on pace to hit a record 80% sales growth for the season.    The online giant's school supplies sales have grown by 35% year-over-year in the first two weeks of the back-to-school shopping season, according to One Click Retail. Early back-to-school shopping only accounted for 9% of sales in 2016.  

In 2016, Chain Store Age unveiled its first-ever SPECS Ambassadors Club, created to recognize selected retail executives who have made significant contributions to the industry and to SPECS. Produced by CSA, SPECS is attended by retail and food-service executives who plan, design, build, and maintain stores and restaurants nationwide.  

Hunter, best known for its signature rain boots, is expanding its fledgling retail footprint.   The iconic British brand will make its North American freestanding retail debut in October, at Yorkdale Shopping Centre in Toronto.   

Timberland has opened a new concept store that will be completely transformed with a new theme and products every six weeks.  

Rapha, the upmarket and trendy British bikewear brand, has been sold to two grandsons of Sam Walton, founder of Wal-Mart Stores.    Rapha, founded by branding consultant and lifelong cyclist Simon Mottram in 2004, has been sold to RZC Investments, a private equity firm run by Steuart and Tom Walton, who are reported to be committed mountain bikers. The firm also has an investment in bike maker Allied Cycle Works, based in Little Rock, Ark.