News

The Italian luxury brand Fendi gets social in Manhattan’s SoHo neighborhood, opening a pop-up whose brick walls are adorned with neon hash tag signs.   

The 630-sq.-ft. shop, dubbed #fendisoho, combines sophisticated touches — leather and velvet — with a playful, arcade-themed décor that includes custom vending machines, where products dangle from mechanical claws.   

Foot Locker chairman and CEO Ken C. Hicks credited his entire team for once again achieving record levels of sales and profits in the second quarter.

Net income for the quarter increased to $92 million, from $66 million in the year-ago period.

Total sales increased 12.9%, to $1.64 billion, compared with $1.45 billion for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the second quarter increased 11.7%. Same-store sales rose 7%, beating analysts’ expectations.

New York -- Aeropostale Inc. on Thursday reported a second-quarter loss that was less than the Wall Street expected. It also forecast a bigger-than-expected loss for the current quarter.
 
Aeropostale, which has lost money for seven consecutive quarters, reported a net loss for the second quarter of fiscal 2014 of $63.8 million, compared to a loss of $33.7 million in the year-ago period.

Leading packaging solutions provider RockTenn acquired the AGI In-Store point-of-purchase display and fixture business from American Greetings.

AGI In-Store is a non-core division of American Greetings that manufactures point-of-purchase displays and fixtures for the consumer products and retail industries and employs roughly 300 people at its Forest City, N.C., facility. As a result of the acquisition, AGI In-Store will now go to market as RockTenn In-Store Solutions.

Calgary, Alberta, Canada -- Sears Canada Inc. announced the opening of a new 240,000-sq.-ft. fulfillment center located in Calgary, Alberta.

New York -- Toms, the footwear company best known for donating a pair of shoes to a child in need for every pair it sells, has sold a 50% stake in its company to private equity giant Bain Capital LLC. The investment will help Toms expand its distribution in Europe, Asia and in the United States, including increasing its store count from its current two locations.

The investment reportedly values Toms at about $625 million, including debt. Blake Mycoskie, who founded Toms in 2006, will retain a 50% stake and remain at the helm.

The skincare needs of men differ greatly. Some guys get a seemingly effortless, smooth shave each and every time, while others are prone to ingrown hairs and irritation when shaving. Philips Norelco is partnering with grooming expert Craig the Barber to help smooth things out.

"Creating meaningful innovation to improve people's lives is at the core of what Philips does.”

A week after disclosing plans for a public stock offering, online retailer Wayfair has launched a commercial business that puts it in greater competition with the likes of Staples and Office Depot.