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Direct To Consumer (DTC)

  • Abercrombie Q3 profit misses Street

    New Albany, Ohio -- Abercrombie & Fitch earnings rose 1.7% in the third quarter, well short of analysts’ estimates, as rising costs pressures offset a big jump in sales.

    For the quarter ended Oct. 30, the chain reported $50.9 million in earnings, up from $50 million in the same period last year. Total sales rose 21% to $1.08 billion, more or less in line with Wall Street estimates.

    Total international sales including e-commerce rose 56% to $255.7 million. In the United States, sales rose 14% to $820.2 million.
     

  • Report: New York City world’s most expensive retail destination

    Los Angeles -- A report released Tuesday by CBRE Group said that New York City remains the world’s most expensive shopping destination as retailers focus on the major fashion capitals.

    “Retailers continued to expand their store networks to gain market share during the third quarter despite concerns regarding consumer confidence,” said Anthony Buono, CBRE executive managing director of retail services.

  • Family Dollar arrives in California

    MATTHEWS, N.C. — Family Dollar is expanding into California for the first time with the opening of four new stores in Ontario, Rialto, Riverside and Fontana. The company's aggressive growth plans also include 450 to 500 new stores to be opened in fiscal 2012.  

  • Dollar Tree opens at Pine Tree Shopping Center

    Portland, Maine -- Brixmor Property Group announced a 11,002-sq.-ft. Dollar Tree recently opened at Pine Tree Shopping Center, in Portland, Maine.

    Brixmor, based in New York City, is the owner of Pine Tree Shopping Center.
     

  • Icebreaker to open in mixed-use building near Union Square

    San Francisco -- Grosvenor Americas said that its mixed-use building at 180 Post Street just off San Francisco’s Union Square will soon be home to Icebreaker, which will sell its exclusive line of merino wool adventure apparel in a new 1,500-sq.-ft. store.

    The new store is slated to open on Nov. 21, and by March 2012 the New Zealand- based retailer will complete the store’s conversion to a “TouchLab” that enables customers to touch raw merino fibers.

  • Body Central Corp. profit doubles in Q3, on track to open 33 new stores

    Jacksonville, Fla. -- Body Central Corp., which operates under the Body Central and Body Shop banners, reported Friday that net income for the third quarter more than doubled to $2.8 million, from $1.3 million a year earlier.

    Total revenue rose 18% to $67.1 million, compared with $56.9 million a year ago. Results were boosted by a 21.2% increase in store sales. Same-store sales rose 8.2%.

    The company opened five new stores during the third quarter and is on track to open 33 new stores in 2011.
     

  • Crate and Barrel unveils succession plan

    Northbrook, Ill. -- Crate and Barrel announced Friday that its president and CEO Barbara Turf, who is retiring spring 2012, will be succeeded by current company COO Sascha Bopp, who becomes CEO effective April 2012.

    Current CB2 director Marta Calle will become president, in charge of merchandising and marketing, and will report to Bopp.

  • Cabela’s announces new credit facility

    Sidney, Neb. -- Cabela’s Inc. announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank.

    The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions.

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