DILLARDS RELEASES EARNINGS; BEATS ESTIMATES

Dillard’s released its earnings results yesterday, beating estimates. Dillard’s reported net income for the 13 weeks ended July 30, 2016 of $12.1 million, or $0.35 per share, compared to net income of $29.9 million, or $0.75 per share, for the prior year second quarter.  This beat the Thomson Reuters’ consensus estimate …

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MACY’S BEATS ESTIMATES; ANNOUNCES 100 STORE CLOSINGS

Come early 2017, the Macy’s retail landscape is going to look quite different. The retailer just announced it will be closing 100–that’s 15%–of all its stores. The news came after Macy’s reported second quarter earnings, which were well received by Wall Street. Macy’s shares got a 16% surge in early …

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NEIMAN MARCUS, RON ROBINSON PARTNER WITH STORY ON ’90S RETRO POP-UP

Get ready to walk down Retro Road! New York’s ever-changing concept store Story has unveiled “Remember When,” an immersive retro experience that celebrates Nickelodeon’s iconic shows and memorable characters from the ‘90s, timed to the 25th anniversary of Nickelodeon animation. Open now until September 18, “Remember When” is the 31st …

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FN PLATFORM MAKES MAJOR ANNOUNCEMENT

FN PLATFORM is now bi-coastal. UBM Fashion Group, organizer of MAGIC, Coterie, Project, Stitch, AccessoriesTheShow, Accessorie Circuit and more, just announced the launch of FN PLATFORM in New York City. After opening in Vegas in 2010, FN PLATFORM has …

KORS ANNOUNCES Q1 2017 RESULTS

Michael Kors Holdings Limited has released its financial results for the fiscal 2017 first quarter ended July 2, 2016. Highlights: Total revenue increased 0.2% to $987.9 million from $986.0 million in the first quarter of fiscal 2016. On a constant cur…

THE INDUSTRY’S LATEST COPYRIGHT INFRINGEMENT LAWSUIT

Is imitation the sincerest form of flattery? According to one designer, the answer is an emphatic no! Acclaimed jewelry designer Pamela Love has sued e-tailer Nasty Gal for copying three of its designs protected by copyright, according to The Fashion Law. Pamela Love’s three designs in dispute–the Five Spike earring, …

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GUEST EDITORIAL: 9 INVENTORY MISTAKES; 1 SOLUTION

Managing excess accessory inventory is a challenge for even the most efficient companies. Overage issues can drain profitability and take your focus away from core business priorities. When faced with excess inventory, many accessory companies try the following common—though misguided—strategies. Do nothing It’s easy to put off decisions about what …

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Governmental Notices July 30 – August 5th, 2016

The following updates and governmental notices may be of interest to our members and the trade:   APHIS’ Proposed Rule concerning the Importation of Fresh Mango Fruit From Vietnam Into the Continental United States; CITA’s Determinations under the Textile and Apparel Commercial Availability Provision of CAFTA–DR; CPSC’s notice of a Flammable Fabrics…