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Direct To Consumer (DTC)

  • Owner of Famous Footwear acquires made-in-the U.S. footwear retailer

    Allen Edmonds, the nearly 100-year-old men’s footwear and accessories brand whose products are handmade in Port Washington, Wisconsin, has a new owner.   Caleres announced it has acquired Allen Edmonds from private equity firm Brentwood Associates for $255 million. In addition to operating stores under the Famous Footwear banner, Caleres has a diverse portfolio of footwear brands.  

  • Analysis: Neiman Marcus’ debt burden ‘completely unsustainable’ for firm of its scale

    Neil Saunders, CEO of Conlumino, comments on Neiman Marcus’ first quarter results below:  

  • Interim CEO of Limited Stores joins fast-growing specialty retailer

    Altar'd State, a fast-growing women's fashion brand with more than 70 stores, has added to its senior leadership team with two retail veterans.   John Buell has joined Altar'd State as senior VP, CFO. Buell is a 13-year Limited Stores veteran, having most recently served as Interim CEO. Prior to joining Limited, Buell spent 15 years at Sears, Roebuck, and Co.   

  • Executive promotion at activewear retailer

    Lululemon athletica inc. has promoted Celeste Burgoyne to executive VP, retail, Americas, effective immediately.    Burgoyne has been with lululemon since 2006 and most recently served as senior VP, retail, North America where she was responsible for overseeing all Canadian and U.S. retail. She started her career with Abercrombie & Fitch, where she held various positions during her ten years with the company, including most recently, senior director of stores.  

  • SJP by Sarah Jessica Parker makes retail debut

    The first standalone store dedicated to actress Sarah Jessica Parker’s branded collection of shoes and accessories.    

  • Restoration Hardware Q3 tops Street; gives holiday warning

    Restoration Hardware reported better-than-expected earnings and sales for the third quarter, but the upscale home furnishings retailer cut its full-year outlook amid slow sales of its holiday collection.    The company also said that its name will change in January to RH, which is the same as its stock ticker.   Restoration Hardware reported net income of $2.5 million. Earnings, adjusted for non-recurring costs, were 19 cents per share.  

  • Lululemon tops estimates in Q3; confident about holiday

    Consumers’ demand for stylish workout wear no shows on slowing down.        Lululemon Athletica Inc.’s sales rose 13% to $544.4 million, surpassing Wall Street estimates.   Total comparable sales, which includes comparable store sales and direct to consumer, increased by 7%. Same-store sales rose 4%.      Profit in the quarter was 47 cents a share, excluding some items. Analysts estimated 43 cents on average.    

  • Sears expands its ride with Uber

    Hoping to lessen the hustle and bustle of the holidays, Sears Holdings and Uber are expanding its Rider Rewards program to 23 new markets.   The service, which launched this fall in New York City and Chicago, enabled Sears Shop Your Way loyalty shoppers to link their memberships to their Uber accounts. Every Uber ride they take earns them $2 in loyalty points.  

  • Staples in deal to sell its European operations

    Staples will sell a controlling stake in its European operations to private equity firm Cerberus Capital Management for an estimated $53.65 million as the retailer continues to focus on North America following its failed take-over of Office Depot.  

  • Rent-A-Center upgrades e-commerce platform

    An end-to-end e-commerce solution now enables Rent-A-Center visitors to shop online from their desktop, laptop, or mobile device.   Rent-A-Center’s new platform enables guests to choose from more than 73 available products, primarily consumer electronics. The new solution also gives shoppers the option to complete an online form to obtain pre-approval to rent from within one of Rent-A-Center’s approximately 2,600 store locations.   
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