Ann Taylor to Expand Outlet Unit
New York–Ann Taylor has announced plans to expand its network of factory outlet stores. Next year the company plans to open approximately 35 Loft Outlet Stores and five Ann Taylor Factory Stores. To...
View ArticleVince Camuto Adds First Branded Outlet Store in California
Los Angeles—Citadel Outlets, Los Angeles’ premiere outlet shopping mall, just got another hot tenant. The first Vince Camuto branded outlet in California, which opens next month, will feature its full...
View ArticleCoach Q1 Sales, Profit Beat Expectations in U.S., International
New York–Coach Inc. reported today that its first quarter profit rose 14% as demand for its handbags and leathergoods increased in the United States and abroad. For the quarter ended October 1, Coach...
View ArticleChina Sales Help Boost Coach Q1 Profit
New York—Coach Inc. reported today that its third quarter profit jumped 21% helped by strong sales especially in China. For the quarter ended March 31, Coach posted a profit of $225 million, or 77...
View ArticleFirst Gap Outlet Stores to Open in China
San Francisco—Heralded as the second largest apparel market in the world, China has been the cornerstone for many international retail expansions–not the least of which is the Gap, which has opened 25...
View ArticleAmerican Eagle Outfitters Q4 Profit Jumps 85%
Pittsburgh—American Eagle Outfitters Inc. (AEO) today reported that its fourth quarter earnings jumped 85% as sales increased in the extremely competitive teen retail market. But its first quarter...
View ArticleExpress’ Strong Q4 Overshadowed By Weak Forecast
Columbus, OH—Express today reported a rise in its fourth quarter profit and sales, but forecast its first quarter and full year sales below Wall Street expectations. For the quarter ended Feb. 2, the...
View ArticleGilt.com Opens Designer Outlet in Louisville, Kentucky
New York—Gilt, www.gilt.com, the online shopping destination, will open its first-ever designer outlet in Louisville, Kentucky. The Gilt.com Designer Outlet is scheduled to open Friday, June 28, for...
View ArticlePromising Year for Express as Q2 Profit, Sales Increase
Columbus, OH—In an retail earnings season that has largely proved disappointing, Express Inc. today reported a 6.8% rise in its second quarter profits and a promising start of back to school. As a...
View ArticleExpress Debuts First of 30 Factory Outlets
New York—Express Inc. has been in an expansion mode, but this week the young adult specialty retailer launched its first factory outlet store situated at the Tanger Outlets National Harbor in...
View ArticleFirst Bloomingdale’s Outlet to Open on Manhattan’s UWS
New York–Macy’s Inc. indicated recently that it will pursue off-price/outlet businesses but the department store group is already at it actually. This fall, the first Bloomingdale’s Outlet store will...
View ArticleH&M Second Retailer to Sign on to NYC’s First Outlet Mall
Staten Island—H&M will open a 26,000 sq. ft. store in the Empire Outlets mall on the Staten Island waterfront in fall 2016. The Swedish fast fashion retailer joins Nordstrom Rack as the only retail...
View ArticleReport: Retail Real Estate Will Stabilize Despite Hitting New Low
Boston—Colliers International, a leading global real estate services firm, released its annual report on retail real estate trends showing new retail construction will hit a 25 year low in 2010....
View ArticleNordstrom Opens First Rack Store in NYC
New York—While Nordstrom Inc. continues to look for a suitable Manhattan flagship location, its Nordstrom Rack division opens first store today in Union Square. The 32,000-square foot Nordstrom Rack,...
View ArticleLiz Claiborne Losses Widens in Q2
New York–Liz Claiborne posted Thursday a second quarter loss amid sloping sales during the period. Net loss in the second quarter of 2010 was $87 million, the company said, inclusive of income related...
View ArticleMacy’s Q2 Profit Beats Estimates, Raises Full Year Forecast
Cincinnati–Macy’s Inc.’s net income surged in the second quarter due in large part to its My Macy’s localization plans and its expansion into private label brands, store officials said today. For the...
View ArticleJ. Crew 2Q Income Rises but Outlook is Conservative
New York—While J. Crew Group Inc., whose better-than-average performance has made it a darling of Wall Street, reported that its second quarter net income nearly doubled over the previous year, the...
View Article82% of Outlet Mall Shoppers Look for Fashion Accessories
Outlet Malls get no respect. They only reach 13% of shoppers, and most people (72%) have to go out of their way to visit one. In addition, only 44% of shoppers believe outlet mall prices are lower than...
View ArticleNeiman Marcus Unveils Last Call Studio Concept
Dallas—Off-price retailing and timed “flash sales” for upscale brands is all the rage and Neiman Marcus wants a bigger share. The venerable retailer has entered the world of off-price retailing with a...
View ArticleAnn Taylor to Expand Outlet Unit
New York–Ann Taylor has announced plans to expand its network of factory outlet stores. Next year the company plans to open approximately 35 Loft Outlet Stores and five Ann Taylor Factory Stores. To...
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