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Week in Review: 10 Must Knows

In What's New, Industry News by Accessories Staff

New York—Somewhat of a buying splurge has been going on in the fashion industry. Companies, some already huge such as Hanesbrands, are becoming more so by purchasing large companies that fill a niche that don’t already have. Hanesbrands acquired a Western European business when it acquires DBApparel, a Paris-based company …

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American Apparel Ousts Controversial CEO Dov Charney

In Reports, What's New, People by Jeff Prine

Los Angeles—Dov Charney, the flamboyant, controversial chief executive officer of American Apparel–who has been the subject of lawsuits and sexual misconduct allegations–finally got his comeuppance. On Wednesday, after American Apparel’s annual meeting, the board of directors decided to strip Charney of his chairman/chief executive roles, suspending him immediately and terminating …

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Holiday Pressure: November Comp Sales Disappointing

In Reports, What's New, Industry News by Jeff Prine

New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had an unintentional effect. Consumers may be lured in by promotions but purchasing isn’t as strong as hoped for. According to several metrics, November comparable store sales were modest—actually decelerating from October increases. …