New York and Toronto—Saks Fifth Avenue revealed Wednesday new details about its previously announced opening of two full-line Saks Fifth Avenue stores in Toronto. The 163,000 square-foot location in the Eaton Centre at Queen Street is expected to open on February 18, 2016. Just a week later, the 150,000 square-foot Sherway Gardens location is anticipated […]

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Kearney, NE—Buckle Inc. said today that its third quarter sales fell 4.1% and profit failed to meet expectations as foot traffic dwindled at the teen retailer. For the three months ended Oct. 31, Buckle posted a profit of $35.9 million, or 74 cents a share, down from $40.6 million, or 84 cents a share, during […]

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Minneapolis—Target today delivered third quarter earnings that met expectations while its comp store increase beat expectations. But disappointing many on Wall Street was a slowdown in its online sales. Target posted third-quarter earnings of 86 cents a share, up from 54 cents a share in the year-earlier period. That was in line with analysts’ forecasts. […]

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Toronto–Hudson’s Bay Company said today it has sold some $533 million of its equity in HBS Global Properties, HBC’s real estate joint venture with Simon Property Group, to three third party investors. Proceeds from the equity sale, together with cash on hand, will be used to reduce HBC’s debt $1.08 billion to $500 million. HBC […]

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New York—Charmed & Chain, the etailer specializing in women’s designer fashion jewelry, launched today its first in-house collection, Mined, a “fashion fine jewelry line” consisting of 14K diamond jewelry. The move marks a major evolution in the e-commerce site that Haskell Jewels purchased 50% of in August. Founder Ali Galgano launched Charm & Chain when […]

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Washington—While gift cards remain the most requested holiday gift, they seem to have fallen off consumers’ shopping lists this year. Torn between the love of a great deal and settling for a gift card, the latest National Retail Federation’s Gift Card Spending Survey found that those planning to buy gift cards will spend slightly less […]

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Vancouver—Shoes.com recently announced the acquisition of lifestyle accessories brand, Richer Poorer, for an undisclosed amount. “Richer Poorer has built a culture founded on hard work and hustle, and a brand that resonates with the Shoes.com customer,” said Roger Hardy, co-founder/ceo of Shoes.com. “Not only is this acquisition a natural extension of our business but it […]

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Bentonville, AR—Walmart surprised many today with an earnings report that beat analysts’ forecasts as comp store sales rose for the fifth straight quarter. ]Third quarter earnings were $1.03 a share beating the consensus estimate of 97 cents by 6.2%. However, it declined 10.4% from the year-ago earnings from continuing operations of $1.15 per share. Earnings […]

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Framingham, MA—TJX Co. scored another strong earnings report, one of the better ones from a retailer during earnings week: the off-pricer beat profit and sales forecasts. For the three months ended Oct. 31, the parent of TJ Maxx and Marshalls posted earnings of 86 cents a share on $7.8 million in revenue compared with 85 […]

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Due to popular demand, Accessories Magazine’s Fall/Winter 2016/17 trends are now available for download. Price only $85. Are you an accessories designer planning your Fall/Winter 2016/17 line? A retailer developing private-label collections for next year? A blogger looking for the advanced scoop on next year’s trends? Or just a die-hard fashion accessories aficionado? Then get […]

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