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February 23, 2012
The National Retail Federation welcomed President Obama's proposal for business tax reform as a positive step toward fundamental reform of the U.S. tax code, and pledged to work with the White House and Congress to win passage of legislation that would significantly lower rates in order to help retailers and other businesses create jobs.
February 23, 2012
LOS ANGELES--( ?I’m thrilled to announce Stacey as our CTO? “I’m thrilled to announce Stacey as our CTO,” said Dov Charney, Chief Executive Officer. “With over two decades of retail technology experience, and three years with American Apparel, Stacey...
February 23, 2012
The ongoing joke that Ikea's flat-pack furniture is confusingly complicated to assemble might be rendered moot now that the Swedish company is rolling out video assembly instructions that look considerably easier to follow than its printed manuals.
February 23, 2012
The Fuller Brush Company announced that it's filed protection from its creditors under Chapter 11 of the U.S. Bankruptcy code in the U.S. Bankruptcy Court for the Southern District of New York. According to Chief Restructuring Officer Lawrence Perkins, the filing was a necessary means to effectuate a reorganization of the company in an effort to return it to profitability and restructure its balance sheet.
February 23, 2012
Hong Kong -- Asian-based apparel retailer Esprit reported Thursday a net profit of $71.6 million for the six months ended December, beating Wall Street estimates. The retailer said it remains on track to close its directly managed stores in North America by end-March 2012 and will continue to look for a licensing partner. Esprit had reported earlier it was in the process of closing its stores here and would close all its outlets in North America if it failed to find a partner to take care of the business.
February 23, 2012
Learning Resources, a leading global manufacturer of hands-on educational materials, has made a significant shift in their online business strategy, moving to retail-integrated eCommerce. Through its partnership with Shopatron, Learning Resources is now able to give orders completed on their website to their retail partners for delivery to the consumer, rather than fulfilling consumer orders directly. Learning Resources provides resources and materials for imaginative play and developmental exploration to classrooms and homes across the world. After selling direct to consumers online for 13 years, the company determined that their successful eCommerce operations were straining brick-and-mortal retail relationships. With a
February 23, 2012
Fashion designer Karl Lagerfeld caused a storm earlier this month by branding singer Adele "a little too fat," but it appears that retailers are now embracing consumers with fuller figures. One of the U.K.'s largest shop mannequin companies has reported a surge in orders for clothes dummies sized 12 and above.
February 23, 2012
Suit alleges that Qiaodan Sports Company Ltd. deliberately and aggressively used Michael Jordan's name without his permission and misled Chinese consumers BEIJING, Feb. 22, 2012 /PRNewswire/ -- Basketball legend Michael Jordan has filed suit in a Chinese court against Qiaodan Sports Company Limited, a Chinese sportswear and footwear manufacturer, for unauthorized use of his name. Michael Jordan commented, "During my basketball career and now as a businessman, I've worked hard to establish my identity and brand, and I take tremendous pride in the shoes and apparel that feature my name and logo. "It is deeply disappointing
February 23, 2012
Gap Inc., continuing its aggressive hunt for talent, has pumped up its ranks with two seasoned executives on the creative and product sides of the business, WWD has learned.Jill Stanton...
February 23, 2012
Iconix Brand Group reported that its fourth quarter net income rose 23 percent on increased sales. The company also announced it was forming a joint venture with Reliance Brands Limited, a part of the Reliance Industries Group, to expand in India.
