Cincinnati—Although specifying that soon-to-be closed Macy’s stores represent only 1% of the department store company’s total, Macy’s Inc. today announced plans to close 35 to 40 in early 2016 as the company works to “optimize its omnichannel approach to customers across America.” Repercussions of Omnichannel “Physical stores remain absolutely vital to our omnichannel strategy, which […]

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New York and Toronto—Xcel Brands, the brand development and media company behind Isaac Mizrahi, H Halston and C. Wonder, announced today that it has entered into an exclusive with Hudson’s Bay Company and Lord & Taylor to develop a rapid response inventory system which will allow the retailer to better manage its inventory and respond […]

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Hangzhou, China and San Francisco—Amazon made news this summer with its stab at trying to launch a Black Friday-like sale on July 15 called “Amazon Prime Day.” Reviews were mixed but another Internet behemoth says its upcoming sales will dwarf them all. Today Alibaba Group, the world’s largest online company, kicked off its annual 11.11 […]

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New York—Macy’s entered the increasingly crowded field of off-price retail with the debut this week of its first Macy’s Backstage stores, raising the curtain simultaneously on three New York City metro area stores opening in Brooklyn, Queens and Long Island, with three more slated to open in 2015 for a total of six stores. The […]

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Bloomington, IN –With New York Fashion Week kicking off Sept. 10, everyone wants to know who will be the industry’s next top model. The answer may lie far from the glittering world of runways, magazine covers and star-making designers. Researchers at Indiana University have predicted the popularity of new faces to the world of modeling […]

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New York—The month of August may have been hot temperature-wise but retail sales felt a chill. The last dozen or so retailers who still report monthly sales and comp sales figures reported mixed results today. Since August is a key month for back to school sales, analysts say it could signal consumers are belt tightening […]

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New York—Made—and designed—in the USA is something that’s on the minds of many retailers these days—from Walmart to Macy’s to online up-and-comers that expose small struggling designers. Now Banana Republic and the Council of Fashion Designers of America (CFDA) are joining forces to support emerging designers based in America who design and produce in their […]

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Nashville, TN–Genesco Inc. today reported a 60% hike in its second quarter profit, buoyed by improved sales in its cap business. For the three months ended August 2, Genesco posted a profit of $7.5 million, or 32 cents a share, up from a year-earlier profit of $4.7 million, or 20 cents a share. Excluding certain […]

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New York and Luxembourg—Boasting a technical reach of 100 million households across North America, Fashion One Television LLC, a fashion, entertainment and lifestyle TV network, announced today the launch of the world’s first global Ultra HD channel, Fashion One 4K. SES, the satellite operator, is delivering the free-to-air channel across North America, South America and […]

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Fort Wayne, IN—In its struggle to turnaround its business and garner new customers, Vera Bradley Inc. today reported that its second quarter profit fell due to lower traffic and dismal comparable store sales. For the three months ended August 1, the handbag and accessories brand posted a profit of $5.7 million, or 15 cents a […]

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