Apparel

Japanese specialty retailer Uniqlo has been losing money with its U.S. stores for the past five years, but is not ready to throw in the towel.

According to Reuters, Uniqlo parent Fast Retailing Co. Ltd. is making a U.S. turnaround a top priority.

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The store is making a comeback. Even online pure plays are laying down bricks and mortar, setting up “shop-in-shop” stores and large flagships to keep pace in the multichannel world.
 

Photo: Sam Edelman’s newest store at NorthPark Center opened May 20

Men’s Wearhouse may not have seen the last of original co-founder George Zimmer.

In an interview with Inc., Zimmer discusses conversations he has had about a possible acquisition attempt with private equity firms.
 
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Asda, the U.K. subsidiary of Walmart, wants customers to have unencumbered access to desired products.
 
On the front end, this has meant creating a click and collect service called toyou. On the back end, Asda enables toyou with a seamless fulfillment infrastructure based on Manhattan Associates technology.
 

Chico’s FAS is nominating two new independent board members as two current members prepare to retire and an investor says it will nominate its own two candidates.
 

Photo: Andrea Olshan, CEO of Olshan Properties

Despite improved net sales, DSW Inc. saw net earnings decline substantially during the first quarter of fiscal 2017.
 
The footwear retailer reported net income of $30.01 million, down 37% from $47.37 million in the prior year quarter. Growing cost of sales and operating expenses, as well as a pretax expense from the February purchase of online footwear retailer Ebuys Inc., cut into profit even as net sales rose 4% to $681.27 million, from $655.47 million. Ebuys contributed $15.1 million in net sales.