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  • Analyst: Coach turnaround in full swing

    Coach ends its fiscal with a set of strong results that signify the turnaround program is making excellent progress. Although sales shrunk in both North America and Europe, this is because this quarter was a week shorter than the same period last year. When this is stripped out, total Coach brand sales rose by 5%, or by 7% on a constant currency basis.  

  • Supermarket space declines in Chicago

    Grocery is one of the fastest-growing segments of retail — just not in Chicago.   Over the past two years, 25 supermarket shut their doors in Chicagoland. Sixteen new ones opened, but they were smaller than the ones that closed, making for what Mid-America Real Estate calls an “alarming” loss of 544,512 sq. ft. of inventory.  

  • Moody's: Amazon to ‘kick start’ its grocery business with purchase of Whole Foods Market

    Moody's Investor Services is feeling positive about Amazon's plans to acquire Whole Foods Market.     The ratings agency assigned the deal a Baa1 rating and revised Amazon’s credit outlook to positive from stable, reported Marketwatch. The report also said that Amazon is planning to issue up to $16 million in debt to fund the online giant's acquisition of Whole Foods.  

  • Specialty retailer emerges from Chapter 11 — on hunt for new CEO

    After eliminating in excess of $435 million in funded debt.   Payless ShoeSource has emerged from bankruptcy — with a slimmed down U.S. portfolio and a cleaner balance sheet.  

  • Commentary: ‘Fresh start’ for Ralph Lauren

    Ralph Lauren starts its new fiscal year in much the same way as it ended the last one: with sales lines splashed with red ink to indicate the severe declines across most divisions of the company. Some of this would be excusable if the iconic brand were at the start of a journey of reinvention, but this comes after multiple attempts to get the firm back on track - most of which have proved to be fruitless.  

  • British online fashion giant doubling down on the U.S.

    As if American apparel retailers didn't have enough homegrown competition, ASOS, the largest online fashion retailer in the U.K., is making a major push into the American market.   

  • Office supply giant jumps into same-day delivery

    Office Depot is launching a same-day delivery program in three markets.   The service, powered by Deliv, will be available on August 28 in Atlanta and Los Angeles, and on September 6 in Ft. Lauderdale/Miami. It is expected to be rolled out in several additional markets by the end of December.  

  • Dick's Sporting Goods in store openings

    Dick's Sporting Goods will be busy in August, opening five stores in three different states.   The nation's largest sporting goods retailer will open two namesake stores and three Field & Stream stores in the first half of August. In Prosper, Texas, Dick's and Field & Stream will open under one roof at the Gates of Prosper. And in Houston, Dick's will open at Post Oak Shopping Center.   

  • Beleaguered brand making comeback

    American Apparel’s website has been hinting about a summer relaunch for some time — now its parent company is making good its promise.   Gildan Activewear, which purchased the specialty retailer at a bankruptcy auction earlier this year, is preparing to relaunch the brand’s e-commerce website, according to Bloomberg. However, this is only the first project on its list of retail plans.  

  • Canada's Aldo Group in deal to create new footwear giant

    Another retail sector continues to consolidate.   The Aldo Group Inc. said it will acquire the footwear and accessories businesses of the Camuto Group. Both companies are family owned. The news comes just over a week after Michael Kors announced it was buying Jimmy Choo.   
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