Menomonee Falls, WI—Kohl’s announced today that Sona Chawla, a former Walgreens executive, has been named its new chief operating officer. Chawla will oversee the integration of Kohls’ stores and digital business. And in a rare instance of public competition, Kohl’s said Chawla, along with chief merchandising and customer officer Michelle Gass, would be the two […]

The post Kohl’s Appoints COO, Who Will Be Competing for Future CEO Role appeared first on Accessories Magazine.

Washington—Nine attorneys general sent a letter to top credit card companies and banks on Monday calling for the use of personal identification numbers rather than signatures to approve purchases made with new chip-based credit cards. The request was made in a letter sent today by the attorneys general of Connecticut, Illinois, Maine, Massachusetts, New York, […]

The post Attorneys General Call for PIN Numbers on New Credit Cards appeared first on Accessories Magazine.

Little Rock, AR—In the same disappointing as other retailers have been reporting during third quarter earnings week, Dillard’s Inc. today posted a sales and profit decline. For the three months ended Oct. 31, the department store company posted a profit of $45.7 million, or $1.19 a share, down from $55.2 million, or $1.30, a year […]

The post Dillard’s Q3 Sales, Profit Miss Prompts Fall in Shares appeared first on Accessories Magazine.

New York–The 2015 International Council of Shopping Centers (ICSC) Black Friday Shopping Study shows more than 7 in 10 Americans (71%) are planning to make holiday purchases over the Thanksgiving holiday period, aka Black Weekend. Furthermore, 59% plan to make a purchase at a physical store over the weekend (Thursday to Sunday, Nov. 26 to […]

The post 50% of Americans Plan to Visit a Mall on Black Friday appeared first on Accessories Magazine.

Philadelphia—In a move to diversify that left many analysts scratching their heads in wonderment, Urban Outfitters Inc. announced today it has entered into an agreement to acquire substantially all The Vetri Family group of restaurants including award winning Pizzeria Vetri. Tremendous Opportunity? Terms of the acquisition went undisclosed. The Vetri Family group is run by […]

The post Retail Dish: Urban Outfitters to Buy Gourmet Pizza Chain appeared first on Accessories Magazine.

Plano, TX—JCPenney today posted better better-than-expected third quarter sales, helped by demand for home, footwear, handbags and a strong performance by the Sephora shops in its stores. For the three months ended Oct. 31, the department’s net loss narrowed to $137 million, or 45 cents a share, from $188 million, or 62 cents a share, […]

The post JCPenney Has Better-Than-Expected Q3, Highest Comps in 9 Years appeared first on Accessories Magazine.

Richardson, TX– Only weeks after introducing its first smartwatch collection, Fossil Group, Inc. announced Thursday that it plans to buy Misfit Inc. an innovator in wearable technology and stylish connected devices, for $260 million in cash and bank debt. The acquisition will enable Fossil to expand its offering of fashionable connected accessories. Misfit brings to […]

The post Fossil to Acquire Wearable Tech Innovator Misfit appeared first on Accessories Magazine.

Paris—On the upper end, growth tends to be on target despite the slowdown in Greater Asia. On Thursday, Hermès reported its third quarter sales rose 7.9% on a like-for-like basis, helped by demand for its leathergoods and ready-to-wear. Sales reached 1.14 billion euros (about $1.23 billion. For its first nine months of 2015, the luxury […]

The post Hermès Boasts Strong Q3, Maintains Growth Forecast appeared first on Accessories Magazine.

Seattle–Nordstrom Inc. reported Thursday a smaller-than-expected comparable sales growth and a lowered forecast, sending its shares down 15% in after-market trading. For the three months ended Oct. 31, Nordstrom said net income fell to $81 million, or 42 cents per share, from $142 million, or 73 cents per share, a year earlier. Net revenue rose […]

The post Nordstrom Q3 Comps Disappoint, Lowers Forecast appeared first on Accessories Magazine.

Brisbane, CA—bebe stores inc. reported today that its first quarter loss narrowed as total and comp sales declined. Its tepid forecast also disappointed Wall Street. For the three months ended Oct. 3, the women’s specialty retailer posted an adjusted loss of 16 cents a share, better than the 17 cents a share loss analyst expected. […]

The post Bebe Narrows Q1 Loss but Sales Decline, Forecast Tepid appeared first on Accessories Magazine.