News

Hollywood, Calif. – On Sept. 26, 2013, the board of directors of Frederick’s of Hollywood Group Inc. received a non-binding proposal letter from a consortium of HGI Funding LLC, TTG Apparel, LLC, Tokarz Investments, LLC, Fursa Alternative Strategies LLC, and Arsenal Group LLC to acquire all of the outstanding shares of its common stock.

Saks Off 5th has launched its online store, saksoff5th.com. It joins a list of closeout retailers that are getting comfortable in the e-commerce market. The online store will offer up to 55% off merchandise year-round.

Off-price retailers have traditionally stayed offline when it comes to conducting actual retail transactions. While most off-price retailers have long operated informational sites where customers can perform tasks such as locating nearby stores and checking prices, it has been very rare for retailers in this space to allow customers to buy goods via the Internet. Until now.

Lands' End has named Michele Donnan-Martin as the company’s EVP and chief merchandising design officer. Donnan-Martin will report directly to CEO and president Edgar Huber.

She will be charged with leading all aspects of merchandising and design to ensure alignment of product development, price point strategies and design aesthetic to embrace and further build upon the Lands' End's brand. 

Chicago – Monetate is releasing two new products that will bring its big data marketing acceleration technology to retention and acquisition channels. The addition of Monetate Email and Monetate Display expands the Monetate Acceleration Cloud.

Macy’s has announced plans to hire 83,000 seasonal employees at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2013 holiday season, representing a 3.8% increase from last year’s 80,000 seasonal hires. 

Following the lead of specialty retailers such as Lululemon and Athletica, Target has unveiled an exclusive collection of fashion-forward lifestyle apparel for men, women and children — C9 by Champion — just in time for the fall and holiday season.

New York – 99dresses is introducing a mobile iOS app. 99dresses offers a virtual “clothes swap party” where women list unwanted fashion items and receive virtual “buttons” they can use to claim apparel items listed by other customers. The item listed is then emailed a prepaid USPS shipping label.