Posts filed under ‘Corporate’

Gap Inc. Reports June Sales

Gap Inc. (NYSE: GPS) reported that June 2010 net sales were up 2 percent from last year. Net sales for the five-week period ended July 3, 2010 were $1.31 billion compared with net sales of $1.29 billion for the five-week period ended July 4, 2009. The company’s comparable store sales for June 2010 were flat compared with a 10 percent decrease in June 2009.

Comparable store sales for June 2010 were as follows:

  • Gap North America: negative 3 percent versus negative 10 percent last year
  • Banana Republic North America: positive 6 percent versus negative…

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    Source Link : Fibashion.com

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July 9, 2010 at 1:00 pm Leave a comment

Nordstrom Reports June Sales

Nordstrom, Inc. (NYSE:JWN) reported a 14.1 percent increase in same-store sales for the five-week period ended July 3, 2010 compared with the five-week period ended July 4, 2009. Preliminary total retail sales of $822 million for June 2010 increased 19.8 percent compared with total retail sales of $686 million for the same period in fiscal 2009. June 2010 multi-channel same-store sales were enhanced by an estimated 350 to 400 basis points due to the timing shift of Nordstrom’s Half-Yearly Sale for Women and Kids, which started on Wednesday, May 26th. In 2009, the event began on May 20th.

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Source Link : Fibashion.com

July 9, 2010 at 1:00 pm Leave a comment

Macy’s Launches New Brands, Creates Kinect(TM) for Xbox 360(R)

Macy’s (NYSE:M) today announced aggressive new back-to-school efforts that will position the retailer as the shopping destination for tweens, teens and college coeds readying for the new school year. The robust initiatives include the launch of “Material Girl” by Madonna and her daughter Lola, a new young men’s fashion brand, line extensions for three current juniors brands, exclusive “Glee”- branded product, a new mstylelab sitelet for teens, and a partnership with Microsoft for an exclusive preview of the revolutionary Kinect(TM) for Xbox 360(R).

“We have an incredible line…

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Source Link : Fibashion.com

July 8, 2010 at 1:00 pm Leave a comment

Infant Apparel Recalled by Kiwi Industries

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product.

Name of Product: Infant onesies and rompers
Units: About 450
Manufacturer: Holtrop & McIndoo LLC dba Kiwi Industries, of Albuquerque, N.M.

Hazard: Snaps on the onesies and rompers can …

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Source Link : Fibashion.com

June 18, 2010 at 1:21 pm 1 comment

Limited Brands Announces Sale of Remaining Stake in Limited Stores

Limited Brands, Inc. announced the sale of its remaining 25 percent stake in Limited Stores, LLC. Under the transaction terms, Limited Stores, LLC, which operates retail locations called The Limited, purchased Limited Brand’s remaining interest in the company for $32 million.

In 2007, Limited Brands sold a 75 percent stake in Limited Stores to an affiliate of Sun Capital Partners, a private investment firm that now owns 100 percent of Limited Stores. Limited Stores has more than 220 mall locations throughout the United States.

“This sale supports our focus on intimate app…

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Source Link : Fibashion.com

June 18, 2010 at 1:21 pm Leave a comment

UNIQLO Teams Up With Velvet by Graham & Spencer for an Exclusive Capsule Collection for Summer 2010

UNIQLO, the Japanese retailer known for pairing up with some of fashion’s greatest talents, has announced their latest collaboration: a capsule collection of feminine knits includes pants, tops and dresses with the Los Angeles-based brand Velvet by Graham & Spencer, for Spring/Summer 2010. Following the continued success of collaborations with the likes of Phillip Lim, Alexander Wang, and Steven Alan, the Velvet for UNIQLO collection will hit stores June 17th.

The Velvet for UNIQLO collection builds on the brand’s heritage of contemporary t-shirts, offering a fresh a…

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Source Link : Fibashion.com

June 18, 2010 at 1:21 pm Leave a comment

Men’s Wearhouse Declares Quarterly Cash Dividend

Men’s Wearhouse announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share on the Company’s common stock, payable on September 24, 2010 to shareholders of record at the close of business on September 14, 2010.

Founded in 1973, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,248 stores. The Men’s Wearhouse, Moores and K&G stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories and Men’s Wearhouse and Tux stores carry a limited selection. T…

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Source Link : Fibashion.com

June 18, 2010 at 1:21 pm Leave a comment

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