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Apparel

  • Mexican shoppers boost Laredo outlet opening

    President Trump’s real estate compadres at CBL and Horizon Group are no doubt hoping he holds off on building that wall.   The companies opened The Outlet Shoppes in the Texas border town of Laredo this week and report experiencing high traffic and sales volumes, in large part due to Mexica shoppers flocking to the site.  

  • Luggage e-retailer purchased by iconic travel brand

    eBags is about to embark on a new journey.   The online luggage retailer is being acquired by Samsonite International. The deal, which is valued at $105 million, is part of Samsonite’s ongoing strategy to accelerate the growth of its direct-to-consumer, e-commerce business, and strengthen its existing digital capabilities, the company reported.   

  • Former Hhgregg exec to head up operations for sporting goods retailer

    Academy Sports + Outdoors is bolstering its executive team.   The sporting good chain appointed Sam Johnson as its executive VP of retail operations, effective April 24. In his new role, Johnson will oversee the day-to-day operations of Academy's more than 225 stores, as well as lead the store support team.  

  • Footwear retailer makes global debut with new flagship in Toronto

    Footaction opened the doors to its newest flagship store — its first outside of the United States.   The store, which is located in the Toronto Eaton Centre in Canada, features 6,500 square-feet of premium retail space. Presenting a unique layout, the new Footaction store is organized largely by brand, rather than by product category — a move that enhances the customer shopping experience.   

  • L Brands’ March comps sink

    L Brands’ recent exit from swimwear continues to take its toll on the company’s sales.    The specialty retailer, which operates Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, reported its net sales decreased 7% to  $951.4 million for the five weeks ended April 1, 2017. This is compared to net sales of $1.027 billion for the five weeks ended April 2 , 2016.  

  • CEO of specialty apparel chain out

    The fashion retailer known for its bold, colorful designs is losing its chief executive.   Benetton Group’s Marco Airoldi will resign as of May 16. The board accepted his resignation on Tuesday.   Airoldi joined the company in 2013 – first as a consultant, then as CEO and managing director. During his tenure, he has contributed to the definition and subsequent launch of the company’s refocus and relaunch plan, which targets a selection of markets, stores and the Benetton Group brands. 

  • Stage Stores closes Gordmans deal

    Stage Stores is officially adding Gordmans stores to its portfolio.   Stage Stores closed on its previously announced acquisition of selected assets of Gordmans Stores, the Omaha, Nebraska-based department store chain that filed for Chapter 11 on March 13.   

  • Unemployment dips to 4.5%, but retail jobs continue to take a hit

    The country’s unemployment rate fell to 4.5% in March, but a volatile retail landscape continues to negatively impact merchant’s payrolls.    The U.S. economy added 98,000 jobs last month, versus 180,000 expected by economists surveyed by Reuters.   However, the number of unemployed persons declined by 326,000 to 7.2 million.  
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