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UNIQLO to launch new line of tennis apparel
February 22, 2012

(Datamonitor via COMTEX) -- UNIQLO, a division of Fast Retailing Co., Ltd., has announced plans for a new line of tennis apparel modeled on match wear created for Kei Nishikori, a male professional tennis player. According to the company, the run line for sale in Japan will closely resemble the look and feel of the actual kit worn by Mr. Nishikori at the 2012 Australian Open. UNIQLO will launch sales of 12 new items ranging from shirts and shorts to accessories on April 2 and will be sold at the new UNIQLO Ginza Store in Tokyo (opening March 16)

Adidas Brings 'Linsanity' to China
February 22, 2012

China, get your game on: Adidas is bringing "Linsanity" to you very soon. The German sports apparel company plans to roll out the New York Knicksโ€™ phenom's jersey across its network of 6,700 stores in China and expects they'll be a hot-selling item, Adidas CEO Herbert Hainer said.

The TJX Companies, Inc. Reports Another Year of Double-Digit EPS Growth; Announces New Stock Repurchase Program; Plans 21% Increase in Dividend
February 22, 2012

The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the fiscal year and fourth quarter ended January 28, 2012. All earnings per share figures reflect the Companyโ€™s recent two-for-one stock split. Net sales for the 52-week fiscal year were $23.2 billion, a 6% increase over last year. Consolidated comparable store sales for the year increased 4% over the prior yearโ€™s 4% increase. Income from continuing operations for the 52-week fiscal year was $1.5 billion, and diluted earnings per share from continuing

Record-Breaking Lease Deal Rumored on Fifth Avenue in New York City
February 22, 2012

Word on the street is that Mac Cosmetics, a division of Estee Lauder, signed a lease at Vornado Realty Trusts 691 Fifth Avenue building that breaks the record for the highest rent ever paid for a New York retail space. The 1,400-sq.-ft. space, , sits on a prime stretch of Fifth Avenue, near 54th Street. Vornado officials did not confirm the deal. If true, the transaction sets a new high for rental rates in an area that last year already ranked as the most expensive retail strip in the world, according to brokerage firm Cushman & Wakefield. In the

Chicoโ€™s Q4 earnings up 21%
February 22, 2012

Fort Meyers, Fla. -- Chico's FAS reported that its fourth quarter earnings rose a better-then-expected 21%, helped by a strong performance of its White House | Black Market brand. For the quarter, the chain posted a profit of $25.1 million, up from $20.7 million a year earlier. Sales rose 20% to $569.2 million. Same-store sales increased 8.7%. By division, the Chico's/Soma Intimates brands' comparable sales increased 5.5% and White House | Black Market same-store sales increased 15.4%.

Kate Spade: Great Marketing, Poor Execution
February 22, 2012

Kate Spade is running mobile commerce-enabled ads as a way to drive sales for its new spring collection. However, it proves to be a combination of great marketing and poor cross-channel execution, therefore a prime example of what not to do.

High-end retailers report strong profits
February 22, 2012

The holidays turned out to be a lot brighter at the high end, as four major retailers reported results Tuesday.Wal-Mart, Macy's, Home Depot and Saks Fifth Avenue all reported sales increases for their fourth quarters ending in January. But while Wal-Mart had to lower prices so aggressively that it hurt its profit, retailers focusing on higher-income customers crowed about the solid prices those shoppers paid.For consumers with higher incomes, "I think there's generally more confidence today than there was at this time last year," said Macy's chairman and chief executive Terry J. Lundgren. But, he added where someone is