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Direct To Consumer (DTC)

  • Retailer shifts occur on Madison Avenue

    New York City -- A series of retailer moves on Madison Avenue has allowed for expansion and improved adjacencies in one of Manhattan’s luxury shopping meccas.

    According to Prudential Douglas Elliman’s Retail Group, Italian luxury sportswear retailer Paul & Shark has opened in the Hartz Mountain Building at 667 Madison Avenue, replacing Michael Kors. In turn, Michael Kors will move to the current Steuben store and open a new flagship when the glassmaker departs the space.

  • Uniqlo Pop-Ups

    Uniqlo is popping-up all over Manhattan. As the prelude to the opening of its Fifth Avenue global flagship in October, the Japanese apparel retailer opened four temporary “Brand Shops” around the city. Each location is cleverly designed and smartly outfitted.

  • Destination Maternity opens in South Korea

    Philadelphia -- Destination Maternity Corp. announced the opening of two namesake stores and two shop-in-shops in South Korea.

    The freestanding locations, in the cities of Koyang and DaeJeon, are the chain’s first stores in South Korea and were opened by partner Agabang & Co.

  • Restoration Hardware files plans for IPO

    Corte Madera, Calif. -- Restoration Hardware Holdings filed plans to return to the public stock market. In a filing with the Securities and Exchange Commission, the company said it intends to offer up to $150 million in common shares to repay debt and for general corporate purposes.

  • Banana Republic opens first store in Russia

    San Francisco -- Gap has opened its first Banana Republic store in Russia, in Moscow's AfiMall City. In related news, the company will open its first Gap store in Belgrade, Serbia, on Friday.

    “We are very proud to not only be introducing Banana Republic to Russia, but also opening our 200th franchise store,” said Stephen Sunnucks, president, international, Gap. “This is a significant landmark for our goal of growing our franchise store base to 400 by 2014.”

  • Men’s Wearhouse Q2 profit up 33%, looks to open 110 stores in next five years

    Houston -- Increased sales across its brands helped drive The Men's Wearhouse’s second-quarter net income up nearly 33%, beating estimates.

    The retailer earned $57.1 million for the fiscal quarter that ended July 30, up from $43 million in the same quarter last year.

    Revenue increased 22% to $655.5 million. Men's Wearhouse said its purchase in 2010 of two British uniform and work-wear companies helped drive business.

  • Conn’s swings to Q2 loss on charges

    Beaumont, Texas -- Conn's said Wednesday it lost $3.4 million in the second quarter, compared to net income of $1.6 million the year before. The company said that the loss was due to one-time charges, which included $3.7 million for closing three stores and $11.1 million for repaying a loan earlier than expected. Without those items, the company would have earned $5.5 million.

    Revenue fell 13% to $184.4 million on declining sales of TVs and computers.

  • Lord & Taylor brings fashion Home

    NEW YORK — Lord & Taylor unveiled a new concept called Lord & Taylor Home on Friday, at Fashion Center shopping center in Paramus, N.J.  A second location, in Shrewsbury, N.J., is expected to open in several weeks. Lord & Taylor is owned by NRDC Equity Partners, which also owns Canada’s Hudson Bay Co.

  • Nicholas Kirkwood to debut in U.S. at Meatpacking District

    New York City -- Robert K. Futterman & Associates said Tuesday it has secured the first U.S. location for upscale designer footwear brand Nicholas Kirkwood at 807 Washington St. in Manhattan’s Meatpacking District.

    Located between Gansevoort and Horatio Streets, the 1,572-sq.-ft. ground-floor boutique is scheduled to open in the winter of 2012.

  • Office Depot expands Caribbean presence

    BOCA RATON, Fla. — Office Depot announced that it is now expanding its retail store presence in the Caribbean territory as part of its franchise agreement with Benmore International.

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