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Dollar General names new EVP & CIO

Dollar General Corporation, an American chain of variety stores headquartered in Tennessee, has announced appointment of Carman Wenkoff as Executive Vice President and Chief Information Officer (CIO), effective July 10. He will replace current CIO Ryan Boone, who recently announced his retirement. Wenkoff brings a broad range of experience to Dollar General with success in implementing digital strategies and payment and loyalty solutions at the retail level. Commenting on his appointment, Todd Vasos, Dollar General’s […]

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Lululemon enters into strategic partnership with 7mesh

Vancouver-based athleisure company Lululemon Athletica Inc. has announced a strategic partnership with 7mesh Industries Inc., an emerging global brand in high performance cycling apparel, to co-create and push the boundaries in advanced technical apparel. “We’re always open to unlock opportunities to fuel our innovation pipeline.  In bringing together 7mesh’s extensive technical apparel expertise and performance-focused mindset with the capabilities of our industry disrupting R&D Whitespace team, we perfectly blend fashion and function to co-create transformational […]

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Sears axes 400 full-time jobs

Sears Holdings has announced axing of 400 full-time jobs at its corporate offices in Hoffman Estates, Illinois, USA as a part of its ongoing restructuring efforts designed to deliver US $ 1.25 billion in annualized cost reductions. “We are making progress with the fundamental restructuring of our operations that we initiated in February. We remain focused on realigning our business model in an evolving and highly competitive retail environment. This requires us to optimize our […]

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Kidswear retailer Gymboree files for bankruptcy

US-based kids’ clothing retailer Gymboree has filed for Chapter 11 bankruptcy this week. The move is aimed to cut its debt by around US $ 1 billion and close 375 stores, this has reportedly been stated in court records. Post the filing, it has now joined the long list of retailers who have recently filed for bankruptcy protection. The retailer has been hit hard due to decline in mall shopping and the rise of online […]

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Revenue declines for J.Crew in Q1

J. Crew Group Inc., an internationally recognized omni-channel retailer of women’s, men’s and children’s apparels, shoes and accessories, has announced financial results for the first three months ended April 29, 2017. During the quarter under review, the retailer’s total revenues decreased 6 per cent to US $ 532.0 million, while comparable company sales declined 9 per cent following a drop of 7 per cent in the first quarter last year. Brand-wise, J.Crew sales plunged 11 […]

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Bebe puts design centre up for sale

Bebe Stores Inc., US-based womenswear retailer, is actively seeking to sell its Design Centre in Los Angeles, California. The company anticipates closing the sale of the Benicia facility in the next 60 days. It has also closed down its brick-and-mortar operations and entered into a US $ 35 million loan agreement with GACP Finance Co. LLC to make payments to the retail stores’ landlords. In addition, in accordance with the joint venture agreements, the fashion […]

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St. John Knits shows exit door to 100 employees

US-based upscale fashion brand St. John Knits has decided to give pink slip to more than 100 of its workers, effective June 26. The decision has been taken with an aim to cut production costs. Affected employees were given notices and news of the layoffs was filed with the State Department of Employment Development in late April. The fashion house has decided to shift some of its manufacturing jobs from its sprawling facilities in Irvine, […]

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PVH Corp. inks deal with Sports Products of America

PVH Corp. has announced a new licensing agreement with Sports Products of America (a division of Adjmi Apparel Group) under which the Adjmi division will manufacture, sell, distribute and promote women’s sportswear, golfwear and activewear, in all sizes, under PVH’s IZOD brand. Mark Adjmi, CEO of Adjmi Apparel Group averred, “We are truly excited to partner with PVH on IZOD women’s sportswear, golfwear and activewear. This partnership will combine Adjmi Apparel Group’s decades of experience […]

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Tailored Brands witnesses tough Q1

Tailored Brands, a leading specialty retailer of men’s suits, has consolidated financial results for the fiscal first quarter ended April 29, 2017. During the quarter under review, total net sales decreased 5.5 per cent to US $ 782.9 million. Retail segment net sales decreased by 5.3 per cent primarily due to the impact of last year’s store closures as well as comparable sales decline. Corporate apparel segment net sales also decreased 8.0 per cent due […]

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Ascena reveals Q3 results

New Jersey (US)-based Ascena Retail Group, a retailer of women’s clothing, owner Maurices, Justice, Lane Bryant, and Catherines brands, and the parent company of Ann Inc., operator of Ann Taylor and Loft stores, has announced financial results for its fiscal third quarter ended April 29, 2017. During the quarter under review, the company reported operating loss on a GAAP basis for the third quarter of fiscal 2017 was US $ 1.312 billion compared to operating […]

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Lululemon opens maiden ‘concept store’ in Canada

Vancouver-based athleisure company Lululemon Athletica Inc. has opened its first concept store, dubbed as The Mile End Local in Montreal, Canada. The store is spread across 2,000 square feet and offers a selection of athletic gear for before, during and post runs, as well as community-specific activities. The new addition joins the long list of other ‘hyper-local’ stores that have opened across North America, which Lululemon has labelled as “Locals”, which offer products specific to […]

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Perry Ellis inks deal with Ripley Corp. to enter Chile

A leading designer, distributor and licensor of high-end men’s and women’s apparel, accessories and fragrances – Perry Ellis International has signed a license agreement with Comercial ECCSA S.A./Ripley Corp. in Chile to sell apparel, accessories and footwear under the Gotcha brand. Also Read – Outdoor apparel brand Regatta to make US debut George Feldenkreis, Executive Chairman, Perry Ellis International commented, “Our Company is pleased to enter into a partnership with Ripley Department Store to maximize […]

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Guess faces EC antitrust investigation over distribution practices

The European Commission (EC) has opened a formal antitrust investigation into the distribution agreements and practices of clothing manufacturer and retailer Guess. The Commission will examine whether Guess illegally restricts retailers from selling cross-border to consumers within the EU Single Market. Commissioner Margrethe Vestager, In-Charge of Competition Policy said, “The Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers. One of the key benefits of the EU’s Single […]

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G-III Apparel records 16% jump in sales

G-III Apparel Group Ltd. has announced operating results for the first quarter ended April 30, 2017. During the quarter under review, the company’s net sales increased 16 per cent to a first quarter record of US $ 529.0 million compared to US $ 457.4 million in the year-ago period. The retailer reported a net loss for the first quarter of US $ 10.4 million compared to net income of US $ 2.8 million in the […]

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Lands’ End reports drop in revenue

Land’s End, the US-based fashion retailer, has announced financial results for the first quarter ended April 28, 2017. During the quarter under review, net revenue stood at US $ 268.4 million as compared to US $ 273.4 million in the first quarter of last year. In the said quarter, direct segment net revenue decreased 1.7 per cent to US $ 228.3 million, as compared to the same period last year. Its retail segment net revenue […]

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