Direct To Consumer (DTC)

New York -- Coach Inc. reported Tuesday that profit for the quarter ended Sept. 29 rose 3% to $221.4 million, compared with $215 million for the same period last year and beating Wall Street expectations.

Sales surged 11% to $1.16 billion, in line with forecasts, and same-store sales in North America rose 11%, bolstering the luxury retailer’s results for the quarter. In China, same-store sales also rose by double-digits.

Minneapolis -- Target Corp. said Tuesday it will sell its $5.9 billion credit card portfolio to TD Bank Group.

The business will be sold for an amount equal to the gross value of the outstanding receivables at the time of closing, said Target; the portfolio currently has a gross value of about $5.9 billion.

TD Bank also agreed to a seven-year deal to underwrite, fund and own the retailer’s future credit card and Visa receivables in the U.S.

Las Vegas -- Tatyana Designs opened its 10th Bettie Page store, on Newbury Street in Boston.

“We are confident that our new Boston location will track the success of our other nine company-owned outlets all located in prime 'street' or up-scale mall locations. We are looking at additional East Coast locations as we aggressively pursue our growth strategy," said Tatyana Designs co-CEO Jan Glaser.

San Francisco -- Williams-Sonoma announced that its West Elm division will launch a neighborhood market format, called West Elm Market, on Oct. 25, in Brooklyn N.Y. The Brooklyn store will be followed by the opening of eight Market in-store shops in West Elm stores across the country.

New York -- Prudential Douglas Elliman’s Retail Group said that jewelry designer Alexis Bittar will open a new store at 410 Columbus Avenue, between 79th and 80th Streets, in New York City. It is the designer’s fourth Manhattan store; the other three are on Madison Avenue, in Soho and in the West Village.

With nine stores nationwide, including Los Angeles, San Francisco and Venice in California, Chicago, Manhattan and a brand new one in Greenwich, Conn., the brand is in expansion mode and currently planning possible Florida locations.

LOS ANGELES — With the holiday shopping season approaching, one group has released a guide to goods produced domestically.

The Made in USA Foundation announced the latest edition of the "All-American Holiday Gift Guide," which shows readers how to buy American-made Christmas and Hannukah gifts, ornaments and cards, with sections on toys, jewelry, games and other items for men, women and children. Co-published with Made in USA Certified, the 115-page guide also includes food-related items, such as chocolates, blenders and stoves.

A funny thing happened on the way to the department store: luxury goods became accessible to consumers online and at increasingly deeply discounted prices. Thanks to a spate of discount websites offering “flash sales” or exclusive, limited-time offerings, the flash sale phenomenon has revolutionized the way consumers shop, offering an entry into the luxury market at a fraction of the price.  

MINNEAPOLIS -- Target has announced plans to open a new store in Chicago.  The 190,000-sq.-ft. store, to be  located on West Division and North Larrabee Streets, is scheduled to open in October 2013.

To date, Target has announced plans to open 10 Target stores in 2013, including CityTargets in Los Angeles, Portland and San Francisco.

NEW YORK -- Consignment chain Second Time Around (STA) announced it is opening three more stores in Manhattan this October, all on the city’s Upper East Side.   

The new locations will bring the company to 36 stores nationwide, with the figure expected to grow to 40 by year end.

New York -- Uniqlo, a division of Japan's Fast Retailing Co. Ltd, will launch its U.S. e-commerce site next week, a crucial part of its drive to earn $10 billion in overall North American sales by 2020, Bloomberg reported.

"By opening this e-commerce site now, we are able to cater to customers across the United States," said Uniqlo USA CEO Shin Odake in the Bloomberg report.

Uniqlo currently has five U.S. locations, including new sites in San Francisco and New Jersey, along with its other three in Manhattan.