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# Retailer News USA

Target’s Chief Innovation Officer to step down

Casey Carl, the Chief Innovation and Strategy Officer of discount retailer Target will step down next month. This has been announced by the company. The retailer has seen a series of exits from the company like heads of stores, marketing, human resources and its chief digital officer in the last 18 months. Target, which has been noting decline in its comparable sales for the last three quarters, is under pressure to improve its sales performance. […]

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Dick’s Sporting Goods launches apparel line ‘Second Skin’

Dick’s Sporting Goods, the largest US-based full-line omni-channel sporting goods retailer, has unveiled ‘Second Skin’, a complete line of technology-rich compression apparels developed for both male and female athletes, and is available exclusively online at SecondSkin.com and dicks.com. Second Skin is designed for high-intensity athletes who are constantly striving to meet and surpass individual fitness goals. These athletes are an underserved and growing population, ranging from long distance runners and triathletes, to functional fitness and […]

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Fashion retailer Kate Spade’s net sales dips 1.2%

Kate Spade & Company, a US-based fashion retailer of women’s and men’s apparels and accessories, has announced the financial results for the first quarter ended April 1, 2017. The company’s net sales stood at US $ 271 million, down by 1.2 per cent compared to corresponding quarter last year. In the reporting period, direct-to-consumer comparable sales of the fashion brand declined 2.4 per cent. Selling, general & administrative expenses totalled US $ 165 million as against US $ 152 million in the […]

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J.McLaughlin selects Aptos Singular Commerce platform in the cloud

J.McLaughlin, the classic American clothing and accessories brand for women and men, has selected the Aptos Singular Commerce™ platform in the cloud. “We’re proud to partner with J.McLaughlin to support its omni-channel growth strategy. By replacing siloed point solutions with Aptos’ end-to-end integrated platform, J.McLaughlin will be able to support best-practice operational execution and customer engagement for seamless omni-channel customer journeys,” said Noel Goggin, CEO and Culture Leader, Aptos. The apparel retailer will leverage Aptos’ […]

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HanesBrands expects Q1 net sales of US $ 1.38 billion

HanesBrands, a leading global marketer of everyday basic apparel under world-class brands, has announced preliminary first quarter 2017 results. The retailer expects to report first-quarter net sales of approximately US $ 1.38 billion and strong net cash from operations. The company expects a modest use of cash for the quarter at US $ 25-50 million. For earnings from continuing operations, the company expects GAAP earnings per diluted share of US $ 0.19 to US $ […]

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PVH inks licensing agreement with USA Legwear LLC

Two subsidiaries of PVH Corporation has entered into a license agreement with USA Legwear LLC under which the later will manufacture, sell, distribute and promote women’s hosiery and socks under the Warner’s brand. The retailer will launch products for Spring 2018 which will be sold primarily in leading department stores, specialty stores, national chains and mass retailers throughout the United States and Canada. The Warner’s product offering will include women’s sheer hosiery, tights, leggings, thigh […]

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Amazon to lead e-commerce sector by 2021

According to Wall Street firm Needham, the US-based retail giant Amazon will lead the e-commerce segment by 2021 and will account for 50 per cent of the segment’s revenue in the country which will be 16 per cent up from current 34 per cent. “We believe Amazon’s established dominance in the US is sustainable with Prime, mobile penetration and third-party growth,” said Kerry Rice of Needham. Amazon’s Prime feature, which allows subscribers free two-day shipping […]

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Kids clothing retailer Gymboree likely to file for bankruptcy

US-based kids clothing retailer Gymboree is reportedly going to join the list of those retailers who have recently filed for bankruptcy. The move is expected as Bain Capital-controlled faces a June 1 interest payment on its debt more than one billion dollars from its buyout with Bain Capital in 2010. The move, if it happens, is a setback for the retailer who reported positive Q1 in 2016. The kid’s clothing retailer also reported slight increase […]

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Abercrombie & Fitch joins hands with Zalora

An agreement has been signed between American fashion brand Abercrombie & Fitch Co. and Asia’s leading online fashion retailer ZALORA. Starting next week, ZALORA will offer Hollister merchandise through its online stores, followed by Abercrombie & Fitch products launching later this month.   Founded in 2012, ZALORA has presence in 11 countries, including Singapore, Indonesia, Malaysia & Brunei, the Philippines, Hong Kong and Taiwan. This partnership will provide Abercrombie & Fitch access to more than […]

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Forever 21 to expand F21 RED in US with 40 new stores

Forever 21, an American fast fashion retailer, is expanding the reach of F21 RED stores for family-friendly shopping, with plans to open more than 40 new retail locations across the United States in current year. The first three are scheduled to open in the month of April, in San Antonio, Texas; Bronx, New York, and Chicago. The opening of new stores throughout the year will bring the fashion brand’s total store count to more than […]

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Bebe Stores to shutter 21 outlets

Bebe Stores Inc., US-based womenswear retailer, has announced to shutter 21 store locations in a filing with the Securities and Exchange Commission. The fashion brand will incur an impairment charge of approximately US $ 2 million from the closures and will pay a termination fee of about US $ 7.4 million. Currently, it is in the process of exploring strategic alternatives for its business with the remaining stores. Also Read – Bebe Stores may shut […]

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L Brands notes 7% drop in net sales

US-based fashion retailer L Brands has unveiled its financial results for five weeks ended April 1, 2017. During the period under review, the retailer recorded a 7 per cent decrease in net sales to US $ 951.4 million compared to net sales of US $ 1.027 billion for the five weeks ended April 2, 2016.   Comparable sales for the five weeks period decreased 10 per cent and were negatively impacted by the later Easter […]

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VF Corporation to cut 380 jobs; sell LSG business to Fanatics

VF Corporation – a global leader in branded lifestyle apparel, footwear and accessories – has decided to introduce some changes in their workforce. A phase wise job cut is expected to take place from June 9, in Wisconsin in its outdoor appeal division which would result in axing of around 380 workers. The restructuring was announced the same day that VFC found a buyer for its Licensed Sports Group (LSG) which has been part of […]

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Fabletics taps onto plus-size market

After brands like Nike and Target, Fabletics, a fashion fitness brand, has launched plus-size products to woo customers and expand its reach. Its plus-size products will range from XXS to 3X. “We don’t see this as the introduction of a separate line but an extension of our brand that now allows us to embrace all the amazing women who are, or want to become, part of our community,” Fabletics Co-Founder Kate Hudson was quoted as […]

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Dick’s Sporting Goods announces six new stores in US

Dick’s Sporting Goods, the largest US-based full-line omni-channel sporting goods retailer, has announced to open six new stores in Colorado, Missouri, New York and Texas. The retailer will celebrate grand opening of these stores Friday, April 21 through Sunday, April 23. These openings will bring the retailer’s total national store count for the chain to 692 locations. “We look forward to celebrating the grand opening of six new stores in four different states,” said Lauren […]

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