Menomonee Falls, WI–Kohl’s Corp. today saw its shares take a beating after the department store released preliminary fourth quarter results consisting of a lower earnings forecast after sales failed to meet expectations during the holiday quarter. Kohl’s comparable store sales edged up 0.4%, missing the 0.8% increase that Retail Metrics had projected. The company now […]

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New York–Ralph Lauren Corp. today reported a bigger-than-expected declines in holiday quarter sales, hurt by warm weather and fewer tourists. For the three months ended Dec. 26, the company posted net income down 40% to $131 million, or $1.54a share, in its third quarter. Excluding items, the company earned $2.27 a share, ahead of analysts’ […]

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Washington–Valentines of the USA: prepare to be spoiled. According to the National Retail Federation’s Valentine’s Day Consumer Spending Survey conducted by Prosper Insights and Analytics, 54.8% of consumers will celebrate Valentine’s Day, spending an average of  $146.84 on flowers, jewelry, candy, apparel and more, up from $142.31 last year. Total spending is expected to reach […]

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New York–You wouldn’t know it from all the ponchos, wraps, shrugs etc. that are so popular as cover-ups, but traditional Japanese kimono is facing a serious crisis–hindered by aging artisans and a lack of successors threatening its craft continuity. To address this, designer Hiromi Asai will be staging a crowdfunding-based show at New York Fashion […]

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Washington—Retail trade groups are calling upon the International Longshoremen’s Association and the U.S. Maritime Alliance to seek long-term stability at East Coast and Gulf Coast ports following last week’s strike at the Port of New York and New Jersey. More than 4,000 longshoremen unexpectedly walked off the job last week, shutting down the port terminals […]

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New York–Super Bowl 50 Sunday is fast approaching and it seems that the fashion crowd is feeling the spirit of the game, too. Yes, we’re talking about this year’s collaboration between the Council of Fashion Designers of America (CFDA) and the NFL, where 50 one-of-a-kind, commissioned designer footballs will be auctioned  until February 14 to […]

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London—Despite warnings that it could be in the throes of a “death spiral,” Michael Kors Holding Ltd. Today reported better-than-expected third quarter earnings and sales that beat estimates. For the three months ended Dec. 26, 2015, Michael Kors posted a profit of $294.2 million, or $1.59 a share, down from $303.7 million, or $1.48, a […]

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New York—Consumers this year are shopping more on their smartphones and mobile devices, but retailers are falling behind in granting their shopping wishes. In new research from Accenture Adaptive Retail, which surveyed more than 10,000 consumers across 13 countries; research retailers need to become more adaptive in order to embrace and achieve the connected and […]

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New York–Nautica  is shifting course with a re-imagined take on its image. Nautica’s new approach to design and marketing celebrates the brand’s roots in New York City and its established nautical heritage through its new message: “Inspired by the sea, designed in the city.” Two years ago the Nautica team embarked on a brand journey […]

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Washington—As more retail and manufacturing trade organizations fall in line behind the proposed Trans-Pacific Partnership, the pressure is increasing on Congress and the Obama Administration to work together for timely approval of the trade pact. The latest on board: The American Apparel & Footwear Association, a trade association representing more than 1,000 brands with members […]

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