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Apparel

  • Study: Digitally native Gen Z still prefers to shop in-store

    Generation Z is called the mobile-first generation. However, their preference for shopping in physical stores presents new opportunities for retailers.   That’s according to a new report from Euclid Analytics, “Evolution of Retail, 2017 Generation Z Shopper Survey,” which found that 66% of Gen Z prefer to shop in store because they like to see, hold and try on products before buying. Also, 28% want to engage with store associates while shopping, the most of any generation.  

  • Apparel retailer expanding outlet store concept after terrible Q4

    Express Inc.’s profit plunged 59% in its fourth quarter amid increased discounting and weak mall traffic.    In reporting its fourth quarter results, the apparel retailer said it plans to improve its merchandise mix through a more curated selection.   Express’ profit decreased 59% to $22.8 million in the quarter ended Jan. 28, in line with expectations, as earnings per share fell to $0.29, from $0.67 in the year-ago period.   .

  • Brixmor buys grocery-anchored center in Ann Arbor

    Brixmor Property Group has purchased Arborland Center, a 404,000-sq.-ft. center in Ann Arbor, Michigan, for $102 million. The center is anchored by Kroger and Nordstrom Rack and is situated between the University of Michigan and Eastern Michigan University.

  • Dick’s Sporting Goods details expansion; tops Q4 earnings, sales

    The struggles — and exits — of former rivals has proved a boon for Dick’s Sporting Goods, which reported fourth quarter sales and earnings on Tuesday that beat the Street.       The company also announced aggressive store expansion plans.   

  • Urban Outfitters posts double-digital sales growth in online channel

    Urban Outfitters Inc. ended its fiscal year more or less on target.    The retailer on Tuesday reported net income of $64.3 million, or 55 cents a share, just one cent shy of analysts’ estimates, and down from $72.9 million, or 61 cents a share, in the year ago period.   Total net sales rose 2% to $1.03 billion, matching Street forecasts.  

  • Brixmor buys grocery-anchored center in Ann Arbor

    Brixmor Property Group has purchased Arborland Center, a 404,000-sq.-ft. center in Ann Arbor, Michigan, for $102 million. The center is anchored by Kroger and Nordstrom Rack and is situated between the University of Michigan and Eastern Michigan University.  

  • Sunrise Brands re-launches celeb clothing line

    Thanks to a new partnership, shoppers once again can purchase Eva Longoria-designed apparel.  

  • Nordstrom expanding important employee benefit

    New parents working at Nordstrom are about to get a break.   Starting May 1, the department store retailer will offer up to 12 weeks of fully paid leave to birth mothers, and up to six weeks of fully paid leave to other new parents, the Seattle Times reported.    Nordstrom’s current maternity leave policy is six weeks of disability paid at 60% for birth mothers.
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