(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)
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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.
Pinterest may be an internet hit, but not all companies want to ride the pinboard wave of referral traffic. Now Pinterest has released code for companies that want to block the pinning of content from their sites to personal pinboards.
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 Companyโs 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 yearโs 4% increase. Income from continuing operations for the 52-week fiscal year was $1.5 billion, and diluted earnings per share from continuing
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
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 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.
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
J.C. Penney is promoting its new fair and square pricing as well as ramping up its mobile commerce strategy via a new advertising campaign. The company is running audio and full-page ads within Pandora's iPhone application.