News

Irvine, Calif. – European private label fashion brand is entering the U.S. e-commerce arena with the launch of a new office and website in the U.S. The site will offer leather goods, handbags and accessories at up to an 80% discount.

Eastside specializes in having fashion and design professionals analyze the market and then select materials and trends to create private-label goods and accessories.

Washington, D.C. -- The National Retail Federation on Wednesday welcomed a letter from lawmakers urging the Internal Revenue Service to back off a proposed accounting rule change that could cost many retailers millions of dollars a year.



PALO ALTO, Calif. — Tocata, a technology innovator in mobile e-commerce, is launching a front-end mobile platform for retailers which allows them to build immersive, revenue-driving mobile shopping experiences that can be deployed on tablets or smartphones, whether as apps or as HTML5. 

FREEPORT, Maine — Outdoor gear and apparel multichannel merchant L.L.Bean is revving up its Bootmobile and hitting the road as part of the company’s 2013 Outdoor Discovery Tour, which encourages people to enjoy the outdoors.  

NEW YORK — Leading U.S. toymaker Jakks Pacific has expanded its licensing agreement with Televisa, the largest media company in the Spanish-speaking world, and Univision Communications Inc., the leading media company serving Hispanic Americans, for the “El Chavo” brand. 

Men’s Wearhouse said it terminated company founder and executive chairman George Zimmer on Wednesday and postponed its annual meeting.

No explanation was offered for Zimmer’s termination, but the company indicated the board of directors, "expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the company."

San Jose, Calif. -- A Wednesday report by Bloomberg said that Orchard Supply Hardware Stores Corp. has been given approval by the bankruptcy court to seek bids from liquidators to run going-out-of-business sales at eight underperforming stores and potentially another 22.

Camp Hill, Pa. — Rite Aid is offering to buy back $810 million worth of debt while increasing the amount of a new bond sale announced Tuesday, the retail pharmacy chain said.

Rite Aid said it would buy back all of its $810 million worth of 9.5% senior notes due 2017. The company also said it would increase the $400 million offering of 6.75% senior notes due 2021 by another $410 million, for a total of $810 million, as part of a debt-refinancing plan.