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October Retail Comps Up; Sandy Effects Yet to be Felt

In Industry News, Reports, What's New by Accessories Staff

New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …

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August Comp Sales Better than Expected

In Reports, What's New by Accessories Staff

New York–Nearly all U.S. retailers posted better-than-expected sales gains in August at comparable store sales as parents and students ratcheted up their back-to-school purchases, setting the stage for a strong third quarter. August comparable store sales rose 3.6% at retailers tracked by Thomson Reuters I/B/E/S, trumping forecasts for a 2% …

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Former Managers Sue Wet Seal for Racial Discrimination

In Industry News, Reports, What's New by Accessories Staff

Santa Ana, CA—Three former managers at Wet Seal filed  a federal race discrimination suit against the specialty retailer on Thursday, alleging the company discriminated against African Americans because they didn’t fit “the brand image.” The lawsuit, filed in the Federal District Court, claims that Wet Seal’s “most senior executives” discriminated …