Industry News

The latest updates from the accessories world

Versa Capital Wins Bid to Acquire Bankrupt Wet Seal Assets

Wet Seal

Philadelphia—Private equity firm Versa Capital Management got the go-ahead Wednesday from a Delaware bankruptcy judge to continue … [Read more...]

Basel Bombshell for Apple? TAG Heuer, Gucci Announce Luxury Smartwatches

guccis-new-smartwatch2

Basel, Switzerland—The 18K gold, $10,000 plus Apple Watch won’t be the only luxury smartwatch to vie for affluent consumers. … [Read more...]

Brothers’ Legal Squabble May Distract Guess at a Difficult Time

#Throw Back Thursdays: the Marciano brothers in happier times

Montreal—The Guess brand has been struggling to recover lost sales, especially internationally, now the company faces another … [Read more...]

LVMH Narrows Down to 8 for Young Designer Prize Finals

20150518_lvmhprize_thumb

Paris—For a group of eight finalists for the second edition of the LVMH Young Fashion Designer Prize it’s going to be a nail biter … [Read more...]

Inditex 2014 Profit, Sales Rise; Announces Employee Profit Sharing Plan

zara2

Arteixo, Spain—Inditex, the world’s largest fashion retailer by sales, posted today a 5.2% increase in its 2014 profit driven by … [Read more...]

J. Crew Swings into Q4 Loss on Charges, Lower Sales at Flagship Brand

Winter Blues: the good kind. J. Crew’s Downing bucket bag in deep navy

New York---J. Crew Group Inc. today reported that it swung into a fourth quarter loss hurt by an impairment change and slower … [Read more...]

Meijer Opens First Skechers Concept Shop

skechers2

Grand Rapids, MI—Target and Walmart aren’t the only retailer looking to lure grocery customers into an expanding department for … [Read more...]

LIM to Introduce Master’s in Fashion Supply Chain Management

LIM College

New York--LIM College, the fashion business school, is launching a master’s degree program in global fashion supply chain … [Read more...]

CFDA Reveals 2015 Fashion Award Honorees, Nominees

CFDA President Diane von Furstenberg

New York—The Council of Fashion Designers of America (CFDA) choose to outmaneuver and outshine even the St. Patrick’s Day Parade … [Read more...]

DSW Gains as Q4 Earnings, Sales Beat Forecasts

DSW Promo: Slip on the Converse Chuck Taylor All Star High-Top Floral and hit the gas

Columbus, OH—Reporting its strongest comparable store growth in several years, DSW today posted a 10% increase in profit and sales … [Read more...]

eyebobs Signs Investment Agreement With Norwest Equity Partners

This eyebobs style has become a signature look for the musical duo, the Potash Twins

Minneapolis—eyebobs, the market leader in luxury reading glasses, announced today that it has signed an agreement with Norwest … [Read more...]

Aéropostale to Close More Stores, Change Merchandise Mix

aeropostale

New York-- Aéropostale Inc. reported last week that its fourth quarter loss narrowed while the teen retailer turned its first … [Read more...]