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Direct To Consumer (DTC)

  • Cache to improve e-commerce, introduce mobile commerce

    New York City -- Women’s apparel retailer Cache Inc. said Thursday that it has partnered with e-commerce solution provider FiftyOne Global Ecommerce to facilitate international sales and shipments to more than 100 countries, beginning in fall 2012.

  • Casual Male DestinationXL format to make Middle East debut

    Canton, Mass. -- Casual Male Retail Group announced that its first DestinationXL store in the Middle East will open this spring in Symphony Mall, Kuwait City, Kuwait, under a franchise agreement between one of its subsidiaries and The Standard Arabian Business & Enterprises Company (SABECO).

  • Staples Q4 profit rises 3.2%

    Framingham, Mass. -- Staples Inc. beat Wall Street estimates as its fiscal fourth-quarter net income rose 3.2% to $283.6 million. Weakness in Europe and Australia was offset by the company’s strongest North American retail sales growth in more than a year.

    Total company sales rose 0.7% to $6.46 billion, while analysts expected about $6.45 billion. Sales at Staples’ North American delivery segment and domestic retail segment, which together account for about 80% of the company's revenue, rose 2% to $5.16 billion.

  • Ahold purchases Dutch online retailer

    New York City -- Royal Ahold NV has agreed to acquire bol.com, the Netherlands’ largest online retailer, for about $470 million in cash.

  • Casual Male representative teams with Great American Group for Kuwait store opening

    Woodland Hills, Calif. -- Kuwait-based trading and contracting company The Standard Arabian Business & Enterprises Co., which represents Casual Male, said Thursday it will use Great American Group GA Store Opening Services program for a retail location in Kuwait.

    The Sabeco project represents the first time Great American Group's new Store Opening Services have been used outside the United States.

  • Gap profit drops 40% in Q4, on track to open 10 net new stores in 2012

    San Francisco -- Gap Inc. reported Thursday that net income for the fourth quarter plummeted 40% on higher costs and aggressive discounting during the holiday selling season.

    Net income for the quarter ended Jan. 28 was $218 million, compared with $365 million a year earlier. Sales dipped to $4.28 billion in the quarter, from $4.36 billion, matching Wall Street estimates.

  • Esprit continues search for North American licensee

    Hong Kong -- Asian-based apparel retailer Esprit reported Thursday a net profit of $71.6 million for the six months ended December, beating Wall Street estimates.

    The retailer said it remains on track to close its directly managed stores in North America by end-March 2012 and will continue to look for a licensing partner.

  • Limited's Q4 profit plummets 21% on restructuring charge

    Columbus, Ohio -- Limited Brands reported Wednesday that fourth quarter profit dropped 21% to $359.4 million, from $452.3 million in the year-ago period.

    The parent to Victoria’s Secret, Bath & Body Works and Henri Bendel was negatively impacted by a large restructuring charge for an asset write-down and closures of some of its La Senza lingerie stores. Last quarter’s profit decrease breaks a streak of four consecutive quarters of year-over-year profit increases.

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