Ports See “Dramatic Difference” From Last Year as Holiday Merchandise Arrives

Washington–What a difference a year makes. At this time last year when import cargo reached its holiday heights, concerns over a work slowdown resulted in many retailers spending lots more on shipping in order to avert the work slowdown at crucial West Coast ports. Now Import cargo volume at the nation’s major retail container ports […]

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Surveys: Wearables Boom Ahead (Thanks to Boomers?)

New York—Two recent surveys found Americans are increasingly fond of smart wearables, such as smartwatches. In fact, the wearable technology is emerging into the mainstream, not just geeky early adopters. According to eMarketer, “The next several years will continue to see double-digit growth in the number of Americans using wearable devices. In 2015, 39.5 million […]

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Robert Redford’s Sundance Opens New Store in Dallas

Salt Lake City—Known for its founder actor Robert Redford and his Sundance film festival, Sundance, a retailer of women’s and men’s apparel and footwear, jewelry, accessories, art and home décor, plans to open its latest store on Thursday at NorthPark Center in Dallas. “We have a loyal following in Texas, valued customers who demonstrate a […]

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Warmer Weather Chills October Comp Store Sales

New York—October comparable store sales had only a modest 0.2% growth hindered analysts say by warmer weather that kept consumers outdoors rather than shopping. According to Retail Metrics, the 0.2% gain was the seventh time in the last eight months that expectations have been missed. September posted a 0.5% increase. The figures are based upon […]

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Small Business Owners Optimistic about the Holiday Season: American Expess

New York–Small business owners are optimistic about holiday sales this year – with the majority saying they will be the same (55%) or better (37%) than last year – according to the American Express OPEN Holiday Growth Pulse, a survey of 1,000 small businesses with $250,000 or more in annual revenues. Retail small businesses are […]

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IAC Announces 17th Fashion + Design Conference: “Trailblazers” Nov. 13,14

New York—Initiatives in Art & Culture (IAC) announced the agenda for its roster of presenters at its 17th Annual Fashion + Design Conference, entitled “Trailblazers,” taking place November 13 to 14. A Thursday, November 12, evening reception that launches this event will be held from 6 to 8 p.m. at Staley-Wise Gallery (560 Broadway, FL […]

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Ralph Lauren’s Shares Rise on Better-Than-Expected Q2 Results

New York—Despite a decline in its quarterly profit and sales, Ralph Lauren Corp. today posted a rise in sales as restructuring helped it achieve lower costs. Shares of the company rose as much as 19%, their biggest one-day gain since 2000, as the results exceeded analysts’ forecasts. Nonetheless, the stock is down 29% so far […]

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Stockholders Agree to Merger Agreement Between Belk, Sycamore Partners

Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our stockholders voted in favor of our sale to Sycamore Partners,” said Tim Belk, chairman/chief executive officer of Belk, Inc. “The vote is a recognition of the […]

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