Industry News

The latest updates from the accessories world

Target Confirms 125-135 Store Expansion in Canada

Target Canada

Minneapolis--Target confirmed Friday that it completed its lease deal with Zellers Inc., the Canadian retailer, and plans to open … [Read more...]

Vera Bradley Plans $22.5 Million Distribution Center Expansion

Vera Bradley Fall 2011

Fort Wayne, IN—Thanks to increased demand for its printed fabric handbags, leathergoods and other accessories, Vera Bradley Inc. … [Read more...]

LVMH Set to Take 98% Control of Bulgari

LVMH to Acquire Bulgari

Paris—As of Wednesday, September 28, LVMH will complete its 3.7 billion euro (about $5 billion) purchase of Italian jeweler … [Read more...]

Nike Q1 Profit, Sales Jump to Another Record

Nike's  “Make Yourself” Campaign Fall 2011

Beaverton,OR—Despite concerns about a weakening economy here and abroad, Nike Inc. raised its full year sales forecast last week … [Read more...]

The Finish Line Races to 25.8% Leap in Q2 Profit

The Finish Line

Indianapolis—The Finish Line reported Thursday that its second quarter income jumped 25.8% helped by sales gains and improved … [Read more...]

Retail CFO Survey: “Moderately Optimistic” on Second Half Sales

2011 BDO Retail Compass Survey of CFOs

Chicago—At last! Some relatively good news about retail sales and from none other than 100 chief financial officers from the … [Read more...]

Express Expands into Canada

Express' first Canadian store in the Fairview Mall, Toronto

Columbus, OH— Since it split from Limited Brands in 2007 and went public last year, Express has been building up its online and … [Read more...]

Aeropostale Goes Global with Online Shopping

Fall 2011

New York—Teens in some 90 countries can now get their Aeropostale fix.The teen mall-based specialty retailer announced … [Read more...]

Fur-ror Over West Hollywood Ban on Fur Sales

All type of fur garments and accessories, like these in Gucci's Fall 2011 collection, would be banned under a new ordinance in West Hollywood

West Hollywood,CA—In an unanimous decision this week, the city council of West Hollywood voted to ban the sales of fur apparel … [Read more...]

Safilo and Kate Spade Renew Eyewear License

kate spade new york sunglasses by Safilo, suggested retail: $128

Padua, Italy–Safilo Group, a global leader in the premium eyewear, and kate spade new york, announced Wednesday that they renewed … [Read more...]

Holiday Forecast: Sales to Rise, But Less than 2010

Christmas Shoppers

Chicago—Two retail studies released this week predict 2011 holiday sales will rise only 3%, compared with 2010’s 4.1% gain—not … [Read more...]

Inditex Posts Half Year 14% Profit Rise

Zara Fall 2011 Ad Campaign

Arteixo,Spain—Fast fashion retailer Inditex SA posted today a 14% rise in profit for its first half due to sales growth in new … [Read more...]