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July 16, 2012
As opportunities for store growth in the U.S. have dwindled, many retailers have set their sights overseas. But the latest headlines featuring teen apparel retailer Abercrombie & Fitch prove that in today’s precarious environment, even that strategy is no guarantee of success. Hit hard during the recession, Abercrombie & Fitch made plans to close 15 percent of its U.S. stores and concentrate on Europe as its next expansion stage.
July 16, 2012
Looks like American Apparel may be designing the uniforms for some proud red, white and blue-wearing Olympians … who aren’t American. In a conversation about clothing manufacturing and national pride that has come to a head because of the Ralph Lauren “Made in China” U.S. Olympic uniform controversy, American Apparel's Dov Charney has now thrown his voice into the melee. The New York Post is reporting that American Apparel is in talks to design Russia’s Olympic uniforms.
July 16, 2012
1 minute ago, 9:51am (ET) 07/16/2012 Xinhua U.S. retail and food services sales decreased 0.5 percent in June, following a 0.2-percent decline in May, the U.S. Department of Commerce reported Monday. The department said the combined retail and food...
July 16, 2012
New York -- New York City metro area retailer Daffy’s is going out of business. The discount apparel chain will close all of its 19 stores (eight of which are in Manhattan) this fall, according to various reports. The closings are not totally unexpected. In June, Crain’s New York Business reported that Daffy’s was having trouble paying its vendors. “Daffy’s is a shade of its former self and does not have access to the labels as it once did,” said Faith Hope Consolo, chairman of the retail group at Prudential Douglas Elliman, noting stiff competition from the likes of
July 16, 2012
Two U.S. toy companies have a shot at exclusive distribution with Meijer this holiday season thanks to a innovative contest announced Monday. The retailer unveiled details of the Meijer Next Great Toymaker contest designed to give two small U.S. toymakers the chance to have their toy receive exclusive distribution on Meijer.com this holiday season. “Meijer strives to provide our customers the best selection of toys in-store and online during the holiday season,” said Liwanag Ojala, VP e-commerce for Meijer. “This contest allows us to offer something exclusive to Meijer.com shoppers while supporting small businesses here in the U.S., something
July 16, 2012
July 16, 2012
Urban Outfitters Launches OnlineHome Catalog We're excited to announce the launch of Urban Outfitters' first online home catalog! The catalog, photographed by The Selby, showcases the best of Urban Outfitters' furniture and home goods in real apartments, alongside the inhabitants and some of their own furnishings and objects. The retailer also enlisted artist Alex Da Corte to create and photograph irreverent sculptural installations that used everything from sofas and lamps to pillows and toothbrush holders. The four looks - Feminine, Modern, Industrial, and Bohemian - also showcase Urban Outfitters' newest design collaborations for bedding, textiles, bathroom accessories, and tapestries.
July 16, 2012
Amazon.com is growing its presence in the highly competitive gaming market with the launch of Game Connect, a new service that enables customers to discover a new category of free-to-play and multiplayer online digital games and have virtual goods delivered directly to their game accounts. Amazon's new service allows customers to link their game account to their Amazon account so any subscriptions and virtual goods purchased are sent directly into the game without copy and pasting a code.
July 16, 2012
London -- Hong Kong is the world’s most expensive retail destination, with retail rents at $3,864 per square foot, according to the quarterly rankings of global retail rents from global property advisor CBRE Group. CBRE cited the city’s significant inbound tourist traffic and continued increases in domestic wealth as fueling demand from international fashion and luxury retailers. The CBRE rankings saw little change in the first quarter of 2012 compared with the previous quarter. New York retained the number two position, at $2,475 per square foot. Both New York and Hong Kong experienced significant increases in retail rents quarter-over-quarter.
July 16, 2012
The Financial Times reported last week that the reason Amazon is setting up scores of distribution centers across the U.S. is so it can soon start making same-day deliveries. Amazon hasn't discussed same-store delivery and told the San Francisco Chronicle it doesn't comment on "rumors and speculation." The possible move would amount to a major shift for the online giant that has long sought to plant its massive distribution centers in tax-friendly states to avoid paying sales tax. Indeed, it may be prompted by several states passing laws closing the tax-free loophole in recent years. Amazon has also surprised
