Accessories Magazine http://www.accessoriesmagazine.com The voice of the women's accessories industry Sat, 28 Feb 2015 00:16:22 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.1 Item of the Day: Kent Stetsonhttp://www.accessoriesmagazine.com/116517/item-of-the-day-kent-stetson http://www.accessoriesmagazine.com/116517/item-of-the-day-kent-stetson#respond Fri, 27 Feb 2015 23:23:01 +0000 http://www.accessoriesmagazine.com/?p=116517 Item of the Day: Kent Stetson

Let’s face it, the fashion industry often acts as if everything were a capital “F.” Especially around Fashion Weeks were everyone is in such a judgmental mood. Not so with designer Kent Stetson who has taken an almost Warholish approach to handbags. Stetson is first and foremost an artist who just happens to use handbags […]

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JCPenney’s Q4 Earnings Miss Dents Shares, But Sales Improvehttp://www.accessoriesmagazine.com/116511/jcpenneys-q4-earnings-miss-dents-shares-but-sales-improve http://www.accessoriesmagazine.com/116511/jcpenneys-q4-earnings-miss-dents-shares-but-sales-improve#respond Fri, 27 Feb 2015 22:54:51 +0000 http://www.accessoriesmagazine.com/?p=116511 JCPenney’s Q4 Earnings Miss Dents Shares, But Sales Improve

Plano, TX—JCPenney once again saw its shares battled after reporting late Thursday that its adjusted fourth quarter earnings were basically flat, missing analysts’ estimates. Even though, too, comparable store sales increased. For the quarter ended Jan. 31, the department store retailer posted a net loss of $59 million, or 19 cents per share. Excluding one-time […]

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Gap Inc. Q4 Earnings Beat Estimate as Old Navy Leads Sales Gainhttp://www.accessoriesmagazine.com/116496/gap-inc-q4-earnings-beat-estimate-as-old-navy-leads-sales-gain http://www.accessoriesmagazine.com/116496/gap-inc-q4-earnings-beat-estimate-as-old-navy-leads-sales-gain#respond Fri, 27 Feb 2015 22:54:23 +0000 http://www.accessoriesmagazine.com/?p=116496 Gap Inc. Q4 Earnings Beat Estimate as Old Navy Leads Sales Gain

San Francisco—Gap Inc. reported Thursday afternoon a better-than-expected fourth quarter earnings helped by strong increases again at its Old Navy brand. For the holiday sales quarter, Gap Inc. posted net income of $319 million or 75 cents a share, compared with $307 million, or 68 cents a share, last year. That beat analyst average estimate […]

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Ross Stores Q4 Top Views, Plans $1.4 Billion Buybackhttp://www.accessoriesmagazine.com/116500/ross-stores-q4-top-views-plans-1-4-billion-buyback http://www.accessoriesmagazine.com/116500/ross-stores-q4-top-views-plans-1-4-billion-buyback#respond Fri, 27 Feb 2015 22:53:40 +0000 http://www.accessoriesmagazine.com/?p=116500 Ross Stores Q4 Top Views, Plans $1.4 Billion Buyback

Pleasanton, CA—“Robust comparable sales gain” and improved gross margin helped Ross Stores into a 14% increase in its fourth quarter profit. In its report released Thursday afternoon, the off-price retailer also announced a $1.4 billion stock buyback plan. For the quarter ended Jan. 31, the owner of Ross Dress for Less and dd’s Discounts posted […]

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Target CEO: No Minimum Wage Increase Anytime Soonhttp://www.accessoriesmagazine.com/116506/target-ceo-no-minimum-wage-increase-anytime-soon http://www.accessoriesmagazine.com/116506/target-ceo-no-minimum-wage-increase-anytime-soon#respond Fri, 27 Feb 2015 22:52:43 +0000 http://www.accessoriesmagazine.com/?p=116506 Target CEO: No Minimum Wage Increase Anytime Soon

Minneapolis—Don’t expect Target to follow suit to its bigger rival Walmart and raise its employees’ minimum wages despite speculation that it would indeed have to. Target CEO Brian Cornell told investors during the fourth-quarter conference call on Wednesday that the retailer won’t be raising its minimum wage to $9 like its competitors, Walmart, TJX Companies […]

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The Evolution of Payment: How Mobile Wallets are Changing Retailhttp://www.accessoriesmagazine.com/116477/the-evolution-of-payment-how-mobile-wallets-are-changing-retail http://www.accessoriesmagazine.com/116477/the-evolution-of-payment-how-mobile-wallets-are-changing-retail#respond Fri, 27 Feb 2015 22:51:52 +0000 http://www.accessoriesmagazine.com/?p=116477 The Evolution of Payment: How Mobile Wallets are Changing Retail

San Diego—Consumers are more accepting of shopping using a mobile wallet than perhaps most retailers thin. In its latest Retail Perceptions report, Interactions, a retail services and marketing company, found  mobile wallets have evolved from being a trend to becoming a reality that retailers simply cannot afford to ignore. Consider this: of the shoppers surveyed, […]

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Item of the Day: Angel Reinareshttp://www.accessoriesmagazine.com/116398/item-of-the-day-angel-reinares http://www.accessoriesmagazine.com/116398/item-of-the-day-angel-reinares#respond Fri, 27 Feb 2015 00:49:29 +0000 http://www.accessoriesmagazine.com/?p=116398 Item of the Day: Angel Reinares

We like livin’ on the fringe. (some might said the lunatic fringe, but whatever…). It’s a good thing too considering all the 70s influences parading down the fall runways. What we all the fringe details, we’re right at home. So is Spanish designer Angel Reinares who has been using European-made leathers and local artisans to […]

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Amid Narrowed Q4 Loss, Sears Holdings Plans to Sell Off Storeshttp://www.accessoriesmagazine.com/116420/amid-narrowed-q4-loss-sears-holdings-plans-to-sell-off-stores http://www.accessoriesmagazine.com/116420/amid-narrowed-q4-loss-sears-holdings-plans-to-sell-off-stores#respond Fri, 27 Feb 2015 00:48:36 +0000 http://www.accessoriesmagazine.com/?p=116420 Amid Narrowed Q4 Loss, Sears Holdings Plans to Sell Off Stores

Hoffman Estates, IL—Despite a smaller fourth quarter loss than last year, Sears Holdings plans to continue on Chairman Edward Lampert plans to dismantle the company as it posts its fourth straight year of drastic losses. In a letter accompany today’s earnings report, Lampert said that the company plans to sell off 200 to 300 stores […]

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Kohl’s Q4 Results Beat Estimates, to Increase Omnichannel Spendinghttp://www.accessoriesmagazine.com/116411/kohls-q4-results-beat-estimates-to-increase-omnichannel-spending http://www.accessoriesmagazine.com/116411/kohls-q4-results-beat-estimates-to-increase-omnichannel-spending#respond Fri, 27 Feb 2015 00:09:29 +0000 http://www.accessoriesmagazine.com/?p=116411 Kohl’s Q4 Results Beat Estimates, to Increase Omnichannel Spending

Menomonee Falls, WI—Kohl’s Corp. reported today a better-than-expected fourth quarter as its comparable store sales improved. The department store posted a 17% increase in its fourth quarter earnings to $369 million, or $1.83 per share, “driven by higher sales, comps growth and prudent management of expenses and inventories.” Net revenue was up 3.9% to $6.34 […]

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Chico’s to Close 120 Stores; Takeover Plans Abandonedhttp://www.accessoriesmagazine.com/116406/chicos-to-close-120-stores-takeover-plans-abandoned http://www.accessoriesmagazine.com/116406/chicos-to-close-120-stores-takeover-plans-abandoned#respond Fri, 27 Feb 2015 00:08:58 +0000 http://www.accessoriesmagazine.com/?p=116406 Chico’s to Close 120 Stores; Takeover Plans Abandoned

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 specialty retailer reported its fourth quarter loss widened as Sycamore Partners apparently dropped plans to buy the company. The company said it is cutting capital spending to about $100 million for 2015, a […]

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The Galleria at Houston Undergoes $250 Million Transformationhttp://www.accessoriesmagazine.com/116392/the-galleria-at-houston-undergoes-250-million-transformation http://www.accessoriesmagazine.com/116392/the-galleria-at-houston-undergoes-250-million-transformation#respond Fri, 27 Feb 2015 00:08:22 +0000 http://www.accessoriesmagazine.com/?p=116392 The Galleria at Houston Undergoes $250 Million Transformation

Houston—The Galleria at Houston is currently undergoing an extensive transformation and has announced several new-to-market luxury tenants. Simon, a global retail real estate company, announced a $30 million renovation of Houston Galleria’s luxury wing to complement the previously announced construction of a new, state-of-the-art flagship Saks store, the addition of 110,000 square feet of new […]

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Iconix Q4 Profit Down; But Outlook Uphttp://www.accessoriesmagazine.com/116415/iconix-q4-profit-down-but-outlook-up http://www.accessoriesmagazine.com/116415/iconix-q4-profit-down-but-outlook-up#respond Fri, 27 Feb 2015 00:07:34 +0000 http://www.accessoriesmagazine.com/?p=116415 Iconix Q4 Profit Down; But Outlook Up

New York—Iconix Brand Group Inc. reported today its fourth quarter profit was down 9% but looking ahead the brand licensing company gave an upbeat 2015 forecast. The company, which represents Candies, BONGO, London Fog, Danskin etc., said net income was $23.9 million, or 44 cents a share. Excluding costs, adjusted earnings were 56 cents a […]

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