Vancouver—Lululemon Athletica today reported today that its third quarter profit fell some 12% resulting in a lowered forecast. The company, which reports in US dollars, said the cost of goods sold rose faster than revenue. Lululemon Athletica Inc. says its third quarter net income fell by 12 %o $53.2 million. Profit in the quarter ended Nov. […]

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Paris—Luxury conglomerate Kering SA said today it has agreed to its Sergio Rossi brand to Investindustrial, a private equity group. Investindustrial, will get all Rossi’s industrial assets, rights and a network of more than 80 stores, according to a joint statement today. The deal will ensure the long-term development of the brand, the companies said. […]

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Plymouth, MN—Christopher & Banks today reported a third quarter loss in line with expectations and blamed a difficult retail environment and unseasonably warm weather. The women’s specialty retailer posted a net loss of $300,000 or 1 cent a share, compared with a year-ago profit of $9.0 million, or 24 cents a share. Net sales declined […]

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Chicago–U.S. retailers hired 5% fewer workers in November, and October retail employment data was revised lower in a possible sign seasonal jobs may decline in 2015, reported outplacement firm Challenger, Gray & Christmas today. The firm cited the Bureau of Labor Statistics that indicated retail hiring rose by 394,100 last month, the weakest pace for […]

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Washington—Import cargo volume at the nation’s major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The holiday season […]

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New York—Even with construction scaffolding obscuring its street level façade, Lord & Taylor has scored a win with its holiday windows. The department store has received the top honor—of design:retail magazine’s Winning Windows award for its 2015 holiday window display in New York City. design:retail‘s Winning Windows awards honor the top three Manhattan retailers for […]

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New York–For the 2015 holiday season, “UGGs” and “UGG” has secured two of the top 10 most searched terms following Black Friday. With “UGGs” securing the No. 2 spot and “UGG” securing the No. 9 spot, UGG continues to be one of the top 10 most sought-after items this holiday season, according to Experian. It’s […]

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New York–A first-of-its-kind survey of more than 900 retailers in three of Manhattan’s leading shopping districts has found a virtual “United Nations” of merchants originating from 26 countries. Based on a detailed analysis of three key shopping districts, combined with in-depth research, the Cushman & Wakefield study found that nearly four out of 10 retailers […]

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New York—While shoppers looked for doorbuster deals, a look at the November comparable store sales finds somewhat of an improvement over a year ago. Retail Metrics reported Thursday that November comparable store sales were basically flat, beating its own estimate for a 1.1% decline. In October retail same-store sales slipped 0.4%. Only about a dozen […]

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New York—J. Crew reported Thursday afternoon that its third quarter results decline in sales mostly due to its ailing J. Crew brand which has lost much of its brand cachet. For the three months ended Dec. 3, J. Crew reported deepening losses of $760 million in the third quarter–25% below a year earlier. Net revenue […]

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