Retailers have found a saving grace to what was a slow kickoff of Holiday 2016. Just recently, experts said that an increase in last-minute shoppers and online orders have resulted into sales growth for the season. Research organization Customer Growth…
MALL OF AMERICA’S NEW MULTI-BRAND CONCEPT HIGHLIGHTS STARTUPS AND MORE
While malls are often home to big global mainstream brands, the Mall of America is trying to break that stereotype through Debut, a newly-opened multi-brand retail concept located in the mall’s north wing. Covering 2,500 square feet of retail space, Debut was launched last month in the hopes of providing …
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LUXOTTICA AND RALPH LAUREN RENEW EYEWEAR LICENSE AGREEMENT
Eyewear manufacturer Luxottica Group recently announced that it has renewed its exclusive license agreement with Ralph Lauren Corporation. The two companies said that it is going to be a 10-year agreement extending to March 31, 2027 (though still subje…
PUERTO RICAN FASHION RETAILER NOVUS HEADS STATESIDE
From Puerto Rico, with love—and big business! Puerto Rican shoe and accessories retailer Novus recently announced that it has entered the U.S. market, with plans to open its first U.S. store at the Pembroke Lakes Mall in Miami, Florida. The move comes after the Novus group felt that its prospects …
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OMNICHANNEL WILL BE KEY FOR 2017 RETAIL GROWTH, SAYS REPORT
Retailers, here’s a heads up: omnichannel retailing will continue to grow in 2017, and will be more pivotal for business development. In a recent Outlook report, finance agency Fitch Ratings found out that the best way retailers can holistically serve their customers in both online and brick-and-mortar mediums is through …
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ACCESSORIES MAGAZINE’S GREATEST HITS IN 2016
What a year it’s been! From trendy studs and grommets to executive moves, financial reports, celebrity style and industry awards, 2016 gave us plenty to write about. Below, we take a look with the biggest stories from the year in a round up of our greatest hits. HARRIS POLL NAMES …
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SALVATORE FERRAGAMO STRENGTHENS ITS BUSINESS IN ASIA
Italian luxury house Salvatore Ferragamo seems bullish about its prospects in Asia. Just recently, the brand announced that it has acquired a 100% stake in four joint-venture companies through its business partner, Trinity Ltd (part of the Hong Kong based Li & Fung group). In a statement, Salvatore Ferragamo claimed that it …
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SWATCH PLANS TO VENTURE INTO ELECTRONIC CAR BATTERIES
Watchmaker Swatch Group has been planning to launch a battery for electric vehicles, with the goal of meeting sales worth $10 to $15 billion by 2020, according to CEO Nick Hayek. The car battery has been developed in collaboration with Belenos Clean Power (where Swatch holds a 51% stake), and the …
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FRANCA SOZZANI, MAGAZINE EDITOR AND STYLE AUTHORITY, PASSES AWAY AT 66
After a year of an unspecified yearlong illness, Franca Sozzani, editor-in-chief of Vogue Italia, passed away yesterday at 66 in Milan. The news was first announced by Jonathan Newhouse, Condé Nast International chairman and chief executive. Immediately, news outlets and social media were filled with articles and tributes to the style …
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KENDRA SCOTT LANDS PRIVATE EQUITY INVESTMENT, COMPANY VALUED AT $1 BILLION
Norwest Venture Partners, a private equity firm based in California, has taken a minority stake in Kendra Scott Design Inc. Although the exact amount of the deal has not been announced, insiders familiar with its details say that it values the company at a whopping $1 billion. The deal has been in …
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