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Apparel

  • European fast-fashion retailer opens DC on eve of U.S. expansion

    New York -- An Irish fast-fashion leader is getting ready to make its U.S. debut.

    Primark, known for its value prices and on-trend fashions for the entire family, leased a 677,000-sq.-ft. distribution center to support its entry into the United States.

  • IBM: Consumers mobilize for back-to-school

    Armonk, N.Y. – Consumers are mobilizing for back-to-school shopping in a very literal way.

    Mobile sales were up nearly 42% in August, reaching 25.3% of all online sales, according to IBM Digital Analytics Benchmark data.

    During this time, consumers also used their mobile devices to browse deals, with traffic accounting for 49.4% of all online traffic, up more than 19% compared to the same period year.

  • Did back-to-school buying end summer slump?

    San Jose, Calif. -- The back-to-school season traditionally gives retailers a much-needed boost, bringing traffic into stores in August. How did things turn out this year?

    Not so great it turns out, according to RetailNext Inc., which provides retail analytics for brick-and-mortar stores. The firm’s, monthly Retail Performance Pulse revealed a 7.3% year-over-year decrease in sales on a 9.9% decline in traffic at physical stores for the retail month of August (Aug. 2 through Aug. 29 on the retail 4-5-4 calendar).

  • Gap has one bright spot in August

    San Francisco -- Gap Inc.’s sales slump continued in August across all its brands with one notable exception. The retailer said that it wasn’t helped by a late Labor Day, with the holiday falling in September this year, as opposed to August last year.

    Gap's global same-store sales fell 8%, compared to a 6% decrease for the year prior, while Banana Republic had a 11% drop compared to 6% last year. Old Navy continued its winning streak, with a same-store sales rose 6% on top of a 2% increase for the prior year.

  • The Shops at Metropolis under new ownership

    Plainfield, Ind. -- Mid-America Real Estate Group announced that its corporate investment sales team recently brokered the sale of The Shops at Metropolis located in Plainfield, Indiana. Chicago-based Core Equities purchased the 131,195-sq.-ft. center anchored by Burlington Coat Factory and The Room Place.

    Joe Girardi and Rick Drogosz of Mid-America Real Estate Corporation were the brokers in the transaction on behalf of Dallas-based Tabani Group.

  • Roosevelt Field enters its final stage of redevelopment

    Garden City, N.Y. -- Simon announced that Roosevelt Field, located in Garden City, New York, has entered its final stages of redevelopment, and also released the names of retail brands to occupy the new two-level retail wing. Most of the stores, with some opening early September, will make their Long Island debut. The new wing will lead to the area's first Neiman Marcus store opening in February 2016.

  • Belk Bowl to experience Underwood Effect

    From American Idol winner a decade ago to one of the biggest names in entertainment, Carrie Underwood will add extra star power to the 14th annual Belk Bowl football game slated for December 30.

  • And the one bright spot at Gap Inc. is ...

    Gap Inc.’s sales slump continued in August across all its brands with one notable exception.

  • Primark makes fast fashion move in Northeast

    Leading European apparel retailer Primark is so confident its brand of fast fashion will appeal to American shoppers it has leased a 677,000-sq.-ft. distribution center to support its new stores opening this month.

    The first Primark store opens on Sept. 10 in Boston and will be followed by a second opening in November at the King of Prussia mall in Philadelphia. Six additional openings are planned before year end in Burlington and Braintree, Mass., Danbury, Conn., Freehold, N.J., Willow Grove, Pa. and Staten Island.

  • Caps fit Genesco well in Q2

    Nashville, Tenn. – Despite a late back to school season, Genesco Inc.’s profit and revenue beat the Street in the second quarter, helped by the strong performance of its Lids headgear division.

    Genesco reported net earnings of $7.52 million, up 60% from $4.69 million the same period a year earlier and beyond Wall Street predictions. Improve pretax earnings, combined with lower income tax expense, perked up profit at Genesco Inc.

    Net sales rose 6% to $655.52 million, from $615.47 million.

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