New York—Saks Inc. reported today that first-quarter income jumped 51%, buoyed by strong same-store sales gains and improved … [Read more...]
Industry News
The latest updates from the accessories world
Online Portal to Facilitate Handbag Sales
Staffordshire, UK—Handbag lovers who are real dummies when it comes to shopping online may want to check out BagIdiot.com, a new … [Read more...]
May 17, 2011 -
Earnings Reports: Profits Decline at TJX, Urban Outfitters, Syms Posts Loss
TJX 1Q Profit Falls Amid Restructuring, Currency Costs Framingham, MA—Although TJX Companies met analysts' estimates for sales … [Read more...]
May 17, 2011 -
Walmart Q1 Profits Up but U.S. Division Remains Sluggish
Bentonville, AR—Walmart reported today that its international operations helped the world’s largest retailer post a 3% … [Read more...]
May 17, 2011 -
Accessories Council and FIT Announce Next Generation Winners
New York—The Fashion Institute of Technology (FIT) announced the winners of its annual Next Generation Awards, giving … [Read more...]
May 16, 2011 -
JCPenney Posts Q1 Profit Rise on Cost Cutting, Exclusive Brands
Plano, TX--JCPenney reported today a 6.7% increase in first-quarter profit, helped by its cost-cutting restructuring and demand … [Read more...]
May 16, 2011 -
Pretty Ballerinas Expands Stores, Adding Beverly Hills
Ferrerías, Menorca, Spain—Pretty Ballerinas is one footwear company that’s glad business is flat. Or flats as in ballet … [Read more...]
May 16, 2011 -
Dillard’s Q1 Surges on Fewer Markdowns, Reduced Expenses
Little Rock, AR--Dillard's Inc. reported Friday a much-better-than-expected first quarter profit. Helped by fewer markdowns and … [Read more...]
May 16, 2011 -
Kohl’s Raises Annual Forecast as Q1 Sales Lift
Menomonee Falls, WI—Kohl’s Corporation raised its full-year earnings forecast on Thursday after posting a 6% rise in first … [Read more...]
May 13, 2011 -
Nordstrom Q1 Profit Up, but Lowers Outlook on Takeover Costs
Seattle—Although Nordstrom reported Thursday a 25% increase in its first quarter profit, the retailer also lowered its full-year … [Read more...]
May 13, 2011 -
Mother’s Day Retail Sales Increase 5.8%
Chicago--They did it for Mom. National retail sales were boosted the week before Mother’s Day as shoppers “cautiously” … [Read more...]
May 13, 2011 -
Parsons Benefit Honors Reed Krakoff; Hosts Student Fashion Show
New York--At Parsons The New School for Design's recent annual gala, tomorrow’s fashion stars shone almost as brightly as … [Read more...]
May 13, 2011 -
