News

A timely acquisition helped Coach Inc.’s post a sales gain in the second quarter — its first quarterly increase in 10 quarters.

The handbag and accessories retailer’s total sales increased 4.0% in the quarter ended December 26, to $1.27 billion, up from $1.22 billion in the year ago period.

Since their meteoric rise last year, 3D printers have captured the imaginations of consumers and businesses alike. 3D printers work like inkjet printers on steroids — rather than depositing a single layer of ink, 3D printers spin out successive layers until a final product is created based on a computer-aided design (“CAD”) blueprint.

Belk is inviting couples engaged to be married to attend an Engagement Party during the month of February in the home department at their local store.

The promotional event will include displays of gift registry/wedding merchandise and feature refreshments, giveaways and drawings for prizes from Belk.

Consumer interest in wearables is booming for reasons that retailers should find encouraging.
 
New research from Mintel reveals that the U.S. wearable technology market is experiencing unprecedented growth, with estimated sales increasing 186% from 2014-2015, reaching $7 billion in 2015.
 
And despite just one in 10 consumers owning a fitness tracker (12%) or smartwatch (7%), 16% of consumers said they planned to purchase a fitness tracker or smartwatch in the final three months of 2015.
 

In the name of creating a more efficient and focused organization, Staples announced several key senior leadership moves while its acquisition of rival Office Depot appears in jeopardy.

Shira Goodman, currently president, North American commercial, has been named president, North American operations with responsibility for Staples’ business-to-business, online and retail operations across the United States and Canada.

Starbucks Corp. is still hot for tea, but it’s not feeling too warm and cozy about its Teavana "tea bar" format, which debuted in New York City about two years ago. The concept sought to elevate the tea-drinking experience, much the way Starbucks did for coffee, and featured an array of tea-related beverages and food items in a comfortable environment that encouraged people to linger.

Welcome to Star World, a new retail format that combines brick-and-mortar and e-commerce — with Latino sensitivity.

The 30,000-sq.-ft. store combines a streamlined environment with a high-tech business model that digitally extends its aisles into the warehouses of its suppliers via interactive in-store kiosks. Shoppers can make purchases via the kiosks, which connect directly to vendors.

Retailers have one less form factor to consider in their wearable connected device strategies. According to Gizmodo, Google is officially ending all support for its Google Glass connected eyewear device in the consumer market. This ends plans to relaunch Google Glass among consumers in partnership with Luxottica Group that were announced in April 2015, although Google is still promoting Google Glass as a workplace tool. [Gizmodo]

It looks like the proverbial fat lady has sung for Dov Charney, the founder and ousted CEO of the troubled American Apparel.

On Monday, Judge Brendan L. Shannon of the Bankruptcy Court in Delaware approved a plan backed by a majority of the company’s bondholders. The plan would take American Apparel private and hand nearly full control to its largest lenders.