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Direct To Consumer (DTC)

  • Sales up at Gap Inc., expects strong earnings boost for Q3

    SAN FRANCISCO — Gap Inc.appears to be on the upswing, reporting positive same-store sales across all of its divisions for both the third quarter and October. 

    Net sales for the third quarter increased 8% to $3.86 billion compared with $3.59 billion for the third quarter last year. The company’s third quarter comparable sales were up 65 compared with a 5% decrease in the third quarter last year.

  • Bebe stores swings to loss in Q1

    Brisbane, Calif. -- Bebe stores reported Friday a net loss of $2.6 million for the quarter ended Sept. 29, compared with net income of $2.4 million for the year-ago period.

    Sales slipped 7.3% to $117.1 million from $126.3 million, and same-store sales dropped 8.7%.

    During the quarter, the company opened five 2b stores and closed seven Bebe stores, and said it expects to open five Bebe stores and one 2b store in fiscal 2013 as well as close five Bebe stores and one 2b pop-up store.

     

  • Go! Calendars/Go! Games to open seasonal store at Jamestown

    Alameda, Calif. -- Jamestown L.P., which owns Alameda (Calif.) South Shore Center, said that Go! Calendars/Go! Games has signed a four-month lease for a 2,356-sq. ft. space, beginning Oct. 1.

    The company operates a year-round online store, but opens approximately 1,000 storefronts in malls during the holiday season.

    The 594,000-sq.-ft., open-air Alameda South Shore Center offers a pop-up leasing strategy to accommodate temporary tenants, including Go! Calendars/Go! Games and, most recently, Pedal Beach, a beach rental and supply store.

  • Destination Maternity announces new credit facility

    Philadelphia -- Destination Maternity Corp. announced that it has entered into a new $61 million revolving credit facility with Wells Fargo Bank, N.A.

    The new credit facility replaces the retailer's $55 million revolving credit facility with Bank of America, N.A., which was due to mature on January 13, 2013.

     

  • Canvas Lands End opens virtual pop-up

    Dodgeville, Wis. -- Canvas Lands' End is reinventing the pop-up concept by taking it online with the first-ever blog-up shop. The result is Arrivals, a virtual pop-up shop series curated by eight well-known fashion and lifestyle bloggers. Each shop will function as its own mini e-commerce site and will feature fall and holiday looks styled by the blogger in his or her unique style that readers can purchase.

  • Hot Topic announces test of new retail concept

    City of Industry, Calif. -- On the heels of its Wednesday report that the company gained just 0.2% in October same-store sales, Hot Topic Inc. also announced plans to test a new store that will specialize in dark, edgy lingerie.

    Called Blackheart, the concept will target the company’s core teen customer and will debut with five stores in southern California and Texas malls as well as online offerings beginning in mid-November.

     

  • HSN profit falls 27% in Q3

    St. Petersburg, Fla. -- Multichannel retailer HSN Inc. reported Wednesday that net income for the third quarter dropped 27.2% to $17.7 million, from $24.3 million in the year-ago period. Results still beat Wall Street projections.

    Revenue rose 7.1% to $778.8 million, beating analysts’ estimated $747.1 million in revenue.

    The company has now seen profit fall in two consecutive quarters, but it has beaten Wall Street estimates for three quarters in a row.

  • IIC-Intersport acquires 100% of The Athlete’s Foot

    Paris -- A Tuesday report by Women’s Wear Daily said that sporting goods retailer IIC-Intersport International Corp. will acquire 100% of The Athlete’s Foot, expanding Intersport’s presence to 63 countries from its current 41.

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