Industry News

The latest updates from the accessories world

Iconix Q4 Profit Down; But Outlook Up

peanuts

New York—Iconix Brand Group Inc. reported today its fourth quarter profit was down 9% but looking ahead the brand licensing … [Read more...]

Target Swings into Q4 Loss on Exit from Canada, But Sales Increased

Shopping carts are stacked inside a Target store in Dallas

Minneapolis—Target Corp. reported today that it swung into a fourth quarter loss, hurt by a major loss from its exit from Canada. … [Read more...]

Hudson’s Bay Launches Two Real Estate Joint Ventures

Part of the Deal: Saks Fifth Avenue flagship in Beverly Hills

Toronto and New York—In another display of Chairman/CEO Richard Baker’s acumen, Hudson’s Bay Company announced today it would be … [Read more...]

Marshalls, T.J. Maxx to Raise Minimum Wage to $9 an Hour

TJX Cos.

Framingham, MA—A week after Walmart announced it would give half a million of its employees raises to $9 an hour, TJX Companies … [Read more...]

“Wearables” Market Could Reach $80 Billion by 2020: Report

wearables

Basingstoke, England—The market for “wearables”—technology that’s wearable—could amount to a $80 billion business by 2020, … [Read more...]

Macy’s Inc. Issues Weak Outlook as It Invests in New Initiatives

macy's

Cincinnati—Talking up its new endeavors, such as an off-price chain, Blue Mercury, omnichannel selling etc., Macy’s Inc. today … [Read more...]

10 Minutes With…Nicole Richie

Nicole Richie House of Harlow

The charming, talented and, yes, candid Nicole Richie talks business, baubles, her boho sensibility and her brand. By Lauren … [Read more...]

Steven Madden Q4 Profit Drops But Better-Than-Expected

Founder Steve Madden to appear on HSN tonight to talk trends and the Brice platform

Long Island City, NY—Noting a lack of footwear trends in the market, Steve Madden Ltd. reported a fourth quarter earnings and … [Read more...]

HanesBrands Buys Knights Apparel for $200 Million

Among other things, Knights Apparel produces college logo apparel

Winston-Salem, NC--HanesBrands Inc. said today that it intends to buy Knights Apparel for $200 million from Merit Capital … [Read more...]

Neiman Marcus to Offer Mobile Wallet to its iPhone Customers

NM-app

Dallas and McLean, VA—As part of a partnership with Capital One Financial Corp., Neiman Marcus Group Ltd. said today it is … [Read more...]

Dillard’s Q4 Profit Up 10% on Better Margins

dillardslogo

Little Rock, AR—Dillard’s Inc. reported today its fourth quarter earnings were up 10% thanks to fewer markdowns and better gross … [Read more...]

Retailers Welcome West Coast Port Contract Agreement—Finally!

containercargo

Los Angeles—The 29 West Coast Ports, which account for most of the incoming Asian container imports, were back to a semblance of … [Read more...]