Direct To Consumer (DTC)

Efforts to change its merchandising and branding are paying off for Abercrombie & Fitch Co., which reported a smaller profit and revenue loss than expected in the second quarter.

Abercrombie reported a net loss of $810,000, compared to net income of $12.9 million the same quarter a year earlier. Revenue fell 9% to $817.8 million from $890.6 million. Total company ame-store sales dropped 4%. Abercrombie same-store sales fell 7% and Hollister same-store sales fell 1%, below Wall Street’s expected rate of decline.

Express Inc. says improved marketing and merchandising measures led to strong profit and revenue performance in the second quarter.

Net income totaled $21 million, compared to $6.9 million, boosted by gross profit resulting from cost of sales growth that was significantly behind the rate of net sales growth.

Net sales increased 11% to $535.58 million from $481.42 million. Same-store sales rose 7% and e-commerce sales grew 21%.

Burlington, Mass. -- Another iconic brand has opened its own freestanding store.

Ice hockey equipment giant Bauer Hockey, founded in 1927, has opened its first-ever physical store, in the Boston suburb of Burlington, Massachusetts. The 20,000-sq.-ft. store, called “Own the Moment Hockey Experience,” is the first of 10 locations the company plans to open in the United States and Canada. A second is set to open this fall, in Bloomington, Minnesota.

Seattle – Amazon.com is reportedly planning to offer customers a new option for directly picking up orders.

According to GeekWire, Amazon is currently testing the service, called Amazon Flex, in its Kirkland, Washington, distribution facility.

A sign inside the facility instructs Amazon Flex users to take a ticket with a number, look for the number to be displayed, and then pick up their package. Amazon has not discussed exactly how Flex would work, or when or where it may roll out.

Not only is Amazon.com launching its one-hour Prime Now delivery service in its hometown of Seattle, but it's also adding a whole new category of deliverable products.

The retailer announced Tuesday it will add wine, beer and spirits to its assortment of eligible products for Prime Now delivery.

Seattle becomes the first U.S. city to include alcohol in the assortment of products eligible for the quick-delivery service.

New York -- As if retailers didn’t have enough to worry about, teens are shopping more like their parents.

Click here for the story.
 

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

It is no secret that there is a significant paradigm shift underway in the world of regional retail development.

Charming Charlie has been on an upward trajectory for the past 10 years, and it shows no signs of stopping anytime soon. With 350 U.S. stores (plus four in Canada), the Houston-based, privately held jewelry and accessories retailer is busy expanding at home and, more recently, abroad. In June, it opened its first-ever location in New York City, a three-level, 16,000-sq.-ft.

Charlotte, N.C. -- Private equity firm Sycamore Partners is adding a department store to its growing portfolio.

Belk, the nation's largest family owned and operated department store company, on Monday announced that it has entered into a definitive agreement to be 100% acquired by Sycamore Partners in a transaction with an estimated value of approximately $3 billion.

Pittsburgh — Michael Leedy, chief marketing officer of American Eagle Outfitters Inc., will step down from his position effective Sept. 15, 2015. The company has an active search for a successor underway.

Leedy has committed to serve in an advisory role if needed to ensure a smooth transition. American Eagle did not comment on the reason for Leedy’s departure, and his LinkedIn profile still indicates he works there.