London—Burberry Group reported today that its third quarter sales edged up 1% with flat comp sales as the British luxurygoods maker and other luxury brands continue to feel the impact of a slowing Chinese economy. For the quarter ended Dec. 31, Burberry posted sales of 603 million euros (about $870 million) on a reported basis. […]

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York, PA—Another retailer warns about the warm weather impact on its holiday sales. Today Bon-Ton Stores Inc. reported its preliminary fourth quarter report, saying it had a 1.5% fall in sales during November and Decemer. Total sales for the two-month holiday period sales were $784.4 million, compared with $796.5 million in those months in 2014. […]

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Melville, NY– Marchon Eyewear, Inc., has announced an exclusive global licensing agreement with Columbia Sportswear, a leader in outdoor apparel and products. The agreement grants Marchon rights to manufacture and distribute Columbia-branded sun and ophthalmic collections. The range of sun and optical styles will launch globally in September 2016, and includes a technical line of […]

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New York—The Old West isn’t the only site of “ghost towns.” According to one analysts, at least a dozen major malls are endanger due to recent announcements of store closings by major anchors. This week, JCPenney announced another seven stores will close this spring. Last week Macy’s Inc. announced it will shutter some 40 stores […]

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New York—Another retailer is reporting job cuts in an effort to counter dwindling sales. Today, Aéropostale announced a cost saving plan that would generate an additional $35 million in savings this year while eliminating 100 jobs. The teen specialty expects this new program to generate approximately $35 million to $40 million in savings this year […]

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Washington –The National Retail Federation weighed in today on behalf of Washington, D.C.’s 7,000 retail establishments against proposed restrictive scheduling legislation being considered by the D.C. city council. “Scheduling mandates are restrictive for all parties involved and have sweeping unintended consequences” NRF’s Senior Vice President for Government Relations David French wrote in a letter to […]

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Long Island City, NY—Steve Madden reported late Monday a mixed preliminary earnings report citing “a challenging retail environment and unfavorable weather.” For its fourth quarter, the footwear and accessories company now expects its fourth quarter 2015 revenue to increase 0.5% to $344.2 million, missing analysts’ estimate for $360.28 million in sales. As far as its […]

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ork –Foot Locker, Inc. in collaboration with Pensole Design Academy, announced that it will continue its comprehensive partnership and education program; committing to foster innovation and creativity in the next generation of footwear designers through 2016. As a part of its commitment to delivering the freshest most innovative sneakers, Foot Locker will help to grow […]

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Paris—If you want a glimpse into the inner workings of what’s probably the most iconic leathergoods brand in the world, you’ll want to visit the Louis Vuitton exhibition “Volez, Voguez, Voyagez” at the Grand Palais here through February 21. The exhibition, which retraces the remarkable journey of Louis Vuitton, is being held in an appropriately […]

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Los Angeles—American Apparel, the Made-in-USA retailer that went bankrupt last fall, announced today that its creditors approved its reorganization plan. Coincidentally, the retailer got a $300 million buyout offer backed by ex-CEO/Founder Dov Charney who was ousted from his post last year. Hagan Capital Group and Silver Creek Capital Partners said their offer is a […]

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