Industry News

The latest updates from the accessories world

Chico’s Buys Boston Proper, Posts 47% Rise in Q2 Profit

Boston Proper will become the fourth brand in Chico's FAS' stable

Fort Myers, FL--Chico’s FAS announced today that it agreed to buy privately-held Boston Proper for $205 million in cash as it … [Read more...]

Abercrombie & Fitch Q2 Profit Jumps on Improved Sales

Abercrombie & Fitch

New Albany, OH—Abercrombie & Fitch Co. said today its second-quarter net income rose 64%, boosted by higher demand for its … [Read more...]

TJX Posts Q2 Profit Jump as Sales, Margins Improve

TJ Maxx

Framingham, MA—The TJX Companies posted Tuesday a double-digit increase in second quarter net profit, helped by an 8% growth in … [Read more...]

Gucci Celebrates 90 Years with Leather Sunglasses

Gucci 1921 leather sunglasses

Gucci will need some sunglasses to hide the glare of those 90 birthday candles!The luxury brand just launched its … [Read more...]

Saks Inc. Narrows Q2 Loss as Full-Price Selling Rises

Saks Inc. recently rolled out Saks Fashion Fix, a full fledged flash sale website

New York--Saks Inc. posted today a narrowed second quarter loss as comparable store sales increased, helped by more regular price … [Read more...]

Walmart Q2 Profit Rises, U.S. Division “Improving”

Walmart is stepping up plans to add smaller locations like this Walmart Express this year.

Bentonville, AR—Walmart Inc. posted today a 5.7% increase in its second quarter profits even as its U.S. division reported flat … [Read more...]

Urban Outfitters Q2 Profit Declines on Lower Margins

Color and pattern from Athropologie's Fall collection

Philadelphia--Urban Outfitters reported Monday that despite a 10% increase in sales, its second quarter profit declined, hurt by … [Read more...]

NPD’S 1st Half Apparel Report: Women’s Sales “Dragging”

Apparel Shopping

Port Washington, NY–While overall apparel sales are up for the first half of this year compared to last year, women’s apparel … [Read more...]

1928 Inks Deal for Laundry by Shelli Segal Jewelry

A Spring 2012 Laundry by Shelli Segal dress

Burbank, California—1928 Jewelry, which is known for its color, beads and feminine updated vintage styling, has inked a jewelry … [Read more...]

JCPenney Posts Flat Q2 as Margins Decrease

JCPenney Logo

Plano, TX—JCPenney reported today that its second quarter profit was basically flat compared to a year ago and forecast a … [Read more...]

Commerce Dept: July Retail Sales Rise to 4-Month High

Retail Sales

Washington—As the third quarter and back to school selling begins, U.S. consumers are holding up despite an unpredictable stock … [Read more...]

Nordstrom Lifts Full Year Forecast as Q2 Profit Jumps

Nordstrom shoppers

Seattle--Crediting demand by its shoppers for more new, regularly priced merchandise like footwear, Nordstrom reported Thursday it … [Read more...]