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Apparel

  • Acquisition weighs on Ascena comps

    Strong sales at Maurices and Lane Bryant weren’t enough to lift Ascena in the first quarter, as the company reported a decrease in comps.

    For the period ended Oct. 24, the company reported a net loss of 10 cents per diluted share compared to net income of 32 cents per diluted share in the same period of fiscal 2015. The company blamed the decrease on transaction costs related to the acquisition of Ann Inc., which closed during the first quarter fof fiscal 2016. Comps dropped 3% in the first quarter.

  • Forever 21 connects consumers with new app

    Forever 21 is heeding the popular wisdom that mobile devices serve as omnichannel remote controls with its new app.

    The fast-fashion chain is unveiling a new Android app and updating its existing iPhone app. Designed to enhance the shopping experience in-store and online, the app features five key touch points, including:

    • F21 Inspiration – displays shoppable editorial stories, shop by outfits, lookbooks and exclusive videos.

  • Fast-fashion giant to pursue LEED with new Manhattan outpost

    Hennes & Mauritz AB (H&M) is going green for its first store in Lower Manhattan.

    The retailer will open a 25,000-sq.-ft. store at Westfield World Trade Center, set to open in spring 2016. It will be H&M’s 17th location in New York City, and its first U.S. store to apply for LEED (Leadership in Energy & Environmental Design) certification.

  • A surging American Eagle Outfitters names CEO — finally

    Everything old is new again at American Eagle Outfitters, apparently with good reason.

    The teen apparel retailer on Wednesday named Jay L. Schottenstein as CEO, effective immediately. Schottenstein, who has served as interim chief since January 2014, will also continue in his role as executive chairman of the board. The news of his appointment came as the retailer reported a strong increase in its third quarter earnings. It was the chain’s third consecutive quarter of increased sales and profits.

  • Connecticut's first Bass Pro Shops opens in $750M mixed-use Steelpointe Harbor

    Bridgeport Landing Development, a subsidiary of The RCI Group announced that Connecticut’s first Bass Pro Shops has opened at Steelpointe Harbor located in Bridgeport, Connecticut.

    The Steelpointe Harbor Bass Pro Shops is a 150,000 sq. ft. store featuring Uncle Bucks Fish Bowl and Grill restaurant, Black Widow Billiards™ parlor complete with two tournament pool tables, a bowling alley with 12 full lanes, an archery range and aquarium.

  • JTRE Holdings Acquires Retail Co-op in Soho

    JTRE Holdings announced it purchased the cooperative shares of the ground floor retail portion of 349 W Broadway in Soho, New York. Adding to its rapidly growing portfolio of commercial and mixed-use assets, the property was acquired for $5 million.

  • Nordstrom Rack on the move

    Nordstrom Rack, the off-price division of Nordstrom, continues its expansion, announcing two new upcoming locations.

    The retailer plans to open a 28,000-sq.-ft. store at Fashion Outlets of Chicago in Rosemont, Ill., in fall 2016. The property is owned by Macerich.

  • Retailers with the best--and worst--return policies

    When it comes to return policies, Nordstrom and Forever 21 couldn’t be further apart.

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