Industry News

The latest updates from the accessories world

Ross Stores Q4 Top Views, Plans $1.4 Billion Buyback

ross

Pleasanton, CA—“Robust comparable sales gain” and improved gross margin helped Ross Stores into a 14% increase in its fourth … [Read more...]

Target CEO: No Minimum Wage Increase Anytime Soon

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Minneapolis—Don’t expect Target to follow suit to its bigger rival Walmart and raise its employees’ minimum wages despite … [Read more...]

The Evolution of Payment: How Mobile Wallets are Changing Retail

mobile wallet

San Diego—Consumers are more accepting of shopping using a mobile wallet than perhaps most retailers thin. In its latest Retail … [Read more...]

Amid Narrowed Q4 Loss, Sears Holdings Plans to Sell Off Stores

sears

Hoffman Estates, IL—Despite a smaller fourth quarter loss than last year, Sears Holdings plans to continue on Chairman Edward … [Read more...]

Kohl’s Q4 Results Beat Estimates, to Increase Omnichannel Spending

Kohl's introduces the LC Lauren Conrad collection, a modern interpretation of the timeless tale, Cinderella

Menomonee Falls, WI—Kohl’s Corp. reported today a better-than-expected fourth quarter as its comparable store sales … [Read more...]

Chico’s to Close 120 Stores; Takeover Plans Abandoned

chicos

Fort Myers, FL—Chico’s FAS said today it plans to shutter 120 stores by 2017, and slow down opening new stores. The women’s … [Read more...]

The Galleria at Houston Undergoes $250 Million Transformation

Simon--Galleria Exterior

Houston—The Galleria at Houston is currently undergoing an extensive transformation and has announced several new-to-market luxury … [Read more...]

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...]