Monday, February 8, 2016 at 4:12pm
Gap Inc. had a tough holiday season with disappointing sales seen across its big brands. Comparable sales for the fourth quarter fell 7 percent, versus a 2 percent gain a year earlier. Net sales totaled $4.39 billion and marked a decline from $4.71 billion in the year-ago... read more
Monday, February 8, 2016 at 4:08pm
Welcome back Barneys. On Monday, Barneys New York will open its Chelsea store, officials told WWD, marking a nostalgic return to the neighborhood where the company was founded. The day before the opening — Valentine’s Day — Barneys will stage a friends and family preview at the... read more
Monday, February 8, 2016 at 4:01pm
The Hudson Bay Co., which last week completed its deal to acquire the $550 million Gilt Groupe Holdings Inc. for $250 million, has decided to open a Gilt retail shop inside the upcoming Saks Off 5th store on 57th Street in Manhattan, WWD has learned. Both are scheduled to open... read more
Monday, February 8, 2016 at 3:27pm
Bigger is not only better — it’s beautiful. That’s the essence of the new campaign “This Body” being launched by Lane Bryant, the nation’s largest specialty retailer of large sizes for women. The $1 billion chain, which operates more than 750 stores selling sizes 14 to 28, is... read more
Monday, February 8, 2016 at 2:47pm
MEDELLÍN, Colombia — Apparel chain Gef has launched Gef Men to take advantage of buoyant men’s wear sales in Colombia, where it hopes to operate 10 shops this year, according to brand director Ana Maria Gutierrez. The expansion comes as the unisex apparel retailer Gef is moving... read more
Monday, February 8, 2016 at 2:47pm
More is more on the Las Vegas Strip. And as the dirt continually turns on new development, General Growth Properties Inc.’s Fashion Show retail center is positioning itself as the be all-end all when it comes to shopping. The two million-square-foot shopping center counts eight... read more
Monday, February 8, 2016 at 2:39pm
Courting mobile shoppers can pay off for physical as well as digital stores, as smartphone shopping has become a new “front door” for retailers. That’s according to research compiled by Google, which found mobile-shopping related searches not only reveal information about the... read more
Monday, February 8, 2016 at 2:37pm
Crude oil dropping to $30 a barrel along with mounting evidence of a slowed global economy sent U.S. stocks down sharply, with tech stocks taking a serious beating that sent the Nasdaq down 1.8 percent to 4,283. The Dow Jones Industrial Average lost footing and after falling... read more
Monday, February 8, 2016 at 2:36pm
Delta Apparel Inc. managed to turn a first-quarter sales decrease into a surprise profit. The company’s net income tallied $681,000 or 9 cents per diluted share, compared with a net loss of $4.2 million, or 53 cents, a year earlier. FactSet estimates were for a loss of 27 cents... read more
Monday, February 8, 2016 at 2:35pm
Paul Rosengard has joined Anatwine, a global online fashion network based in London, as president of its North American business. Rosengard was most recently chief executive officer of Boston Traders. Before that he was division president of Li & Fung North America and... read more